Common use of Consents to Assignment and Preferential Rights to Purchase Clause in Contracts

Consents to Assignment and Preferential Rights to Purchase. (a) Promptly after the Execution Date, Sellers shall prepare and send (i) notices to the holders of any required consents to assignment that are set forth on Schedule 6.1(j) requesting consents to the transactions contemplated by this Agreement and (ii) notices to the holders of any applicable preferential rights to purchase or similar rights that are set forth on Schedule 6.1(j) in compliance with the terms of such rights and requesting waivers of such rights. The consideration payable under this Agreement for any particular Asset for purposes of preferential purchase right notices shall be the Allocated Value for such Asset. Sellers shall use commercially reasonable efforts (at no cost to Sellers) to cause such consents to assignment and waivers of preferential rights to purchase or similar rights (or the exercise thereof) to be obtained and delivered prior to the Closing. Purchaser shall cooperate with Sellers in seeking to obtain such consents to assignment and waivers of preferential rights.

Consents to Assignment and Preferential Rights to Purchase. (a) Promptly after the Execution Date, Sellers Seller shall promptly prepare and send (i) notices to the holders of any required consents to assignment that are set forth on Schedule 6.1(j) of any Asset requesting consents such holder’s consent to the transactions contemplated by this Agreement and assign such Asset to Purchaser, (ii) notices to the holders of any applicable preferential rights to purchase or similar rights that are set forth on Schedule 6.1(j) in compliance with the terms of such rights and any Asset requesting waivers of such rightspreferential rights to purchase and (iii) requests for consent to the waiver of any existing maintenance of uniform interest or area of mutual interest provisions with regard to any Property. The consideration payable under this Agreement for any particular Asset Producing Property for purposes of preferential purchase right notices shall be the Allocated Value for such AssetProducing Property. Sellers Seller shall use commercially reasonable efforts (at no cost to Sellers) to cause such consents to assignment and waivers of preferential rights to purchase or similar rights (or the exercise thereof) to be obtained and delivered prior to the Closing. Purchaser shall cooperate with Sellers Seller in seeking to obtain such consents to assignment and waivers of preferential rights.