Casualty Loss Prior to Closing. In the event of damage by fire or other casualty to any of the Properties after the Effective Date and prior to the Closing, then this Agreement shall remain in full force and effect, and (unless Buyer and Sellers shall otherwise agree) in such event:
Appears in 4 contracts
Samples: Asset Purchase and Sale Agreement (Linn Energy, LLC), Asset Purchase and Sale Agreement (Linn Energy, LLC), Asset Purchase and Sale Agreement (Linn Energy, LLC)
Casualty Loss Prior to Closing. In the event of damage by fire or other casualty to any of the Properties after the Effective Date and prior to the Closing, then this Agreement shall remain in full force and effect, and (unless Buyer and Sellers Seller shall otherwise agree) in such event:
Appears in 3 contracts
Samples: Asset Purchase and Sale Agreement, Asset Purchase and Sale Agreement (Vanguard Natural Resources, LLC), Asset Purchase and Sale Agreement (Vanguard Natural Resources, LLC)
Casualty Loss Prior to Closing. In the event of damage by fire or other casualty to any of the Properties after the Effective Date and prior to the Closing, then this Agreement shall remain in full force and effect, and (unless Buyer and Sellers Seller shall mutually otherwise agree) in such event:event as to each such Property so damaged an amount equal to the damage to such Property but not in excess of fifty percent (50%) of the allocated value set forth in Schedule 2.5 for such Property, shall be treated as a reduction to the Purchase Price.
Appears in 2 contracts
Samples: Purchase and Sale Agreement (Viking Energy Group, Inc.), Purchase and Sale Agreement (Viking Energy Group, Inc.)
Casualty Loss Prior to Closing. In the event of damage by fire or other casualty to any of the Properties after the Effective Date and prior to the Closing, then this Agreement shall remain in full force and effect, and (unless Buyer and Sellers the Seller shall otherwise agree) in such event:
Appears in 1 contract
Samples: Purchase and Sale Agreement (Reef Oil & Gas Drilling & Income Fund, L.P.)
Casualty Loss Prior to Closing. In the event of damage by fire or other casualty to any of the Properties after the Effective Date and prior to the Closing, then this Agreement shall remain in full force and effect, and (unless Buyer and Sellers Seller shall otherwise agree) in such event:
Appears in 1 contract
Samples: Asset Purchase and Sale Agreement (Swift Energy Co)
