Covenants and Agreements of Sellers. Sellers covenant and agree with Buyer as follows:
Covenants and Agreements of Sellers. Each Seller shall have performed and complied in all material respects with all of the covenants and agreements hereunder required to be performed and complied with by such Seller prior to the Second Closing.
Covenants and Agreements of Sellers. Each Seller covenants and agrees with Buyer as follows:
Covenants and Agreements of Sellers. Each Seller covenants and agrees with Purchaser, from the Effective Date until the Closing or earlier termination of this Agreement:
Covenants and Agreements of Sellers. Sellers covenant and agree with the QR Parties as follows:
Covenants and Agreements of Sellers. Sellers covenant and agree with Buyer that, from the date of execution hereof until the Closing Date, Sellers shall not (i) commit to drill any xxxxx on the Lands or conduct any oil and gas or other exploration, development or production operations on the Leases, or any lands pooled or unitized therewith, below the base of the Clinton Formation (ii) abandon any part of the Assets; (iii) sell, transfer, assign, convey or otherwise dispose of any of the Assets, or any interest therein; (iv) enter into any farmout agreement, farmin agreement or any other contract affecting the Assets which would decrease the Net Acres or NRI conveyed to Buyer hereunder; (v) modify or terminate (except for any Lease that expires by its own terms without action by Sellers) any Lease; or (vi) create any lien, security interest or encumbrance on the Assets, the oil or gas attributable to the Assets, or the proceeds thereof except Permitted Encumbrances.
Covenants and Agreements of Sellers. 24 4.1. Access and Investigation . . . . . . . . . . . . . . . . . . . 24 4.2. Operation of the Businesses of the Acquired Companies. . . . . 24 4.3.
Covenants and Agreements of Sellers. 19 6.3 Representations, Warranties and Covenants of Purchaser 20 6.4 Disclaimer 21 ARTICLE VII. Conditions to the Sellers’ and Purchaser’s Obligations 22 7.1 Conditions to the Purchaser’s Obligations 22 7.2 Failure of Conditions to Purchaser’s Obligations 24 7.3 Condition to the Sellers’ Obligations 25 7.4 Failure of Conditions to Sellers’ Obligations 25 7.5 Casualty. 26 ARTICLE VIII. Provisions with Respect to the Closing 27 8.1 The Closing 27 8.2 Sellers’ Closing Obligations 27 8.3 Purchaser’s Closing Obligations 28 ARTICLE IX. Expenses of Closing 29 9.1 Taxes 29 9.2 Rents. 29 9.3 Security Deposits and Credit Enhancements 30
Covenants and Agreements of Sellers. 25 6.1. Negative Covenants...............................................25 6.1.1. Dispositions; Mergers..................................26 -ii- TABLE OF CONTENTS (continued)
Covenants and Agreements of Sellers. 5.1 Conduct of the Business prior to Closing: Sellers jointly covenant and agree with Buyer that between the date of this Agreement and the Closing Date, they shall ensure that the Companies carry on business only in the Ordinary Course and shall not, without the prior written approval of Buyer, acquire any asset or enter into or assume any commitment, obligation or liability other than in the Ordinary Course of business.
