Common use of Exclusion of Assets Clause in Contracts

Exclusion of Assets. If a portion of the Assets is excluded from Closing because of uncured Title Defects or the exercise of any Right of First Refusal by a Third Party, or by the written agreement of the Parties: (a) the terms “Assets”, “Facilities”, “Hydrocarbon Interests”, “Lands”, “Leases”, “Miscellaneous Interests” and “Tangibles” will be deemed to be amended to reflect the exclusion of that portion of the Assets and this Agreement and the Schedules hereto will be deemed to be amended accordingly;

Exclusion of Assets. If a portion of the Assets is excluded from Closing because of uncured Title Defects or of: (i) the exercise of any Right Rights of First Refusal by a Third Party, or by (ii) the written agreement of the Parties: (a) the terms “Assets”, “Facilities”, “Hydrocarbon Interests”, “Lands”, “Leases”, “Miscellaneous Interests”, “Petroleum and Natural Gas Rights”, “Title and Operating Documents”, “Tangibles”, “▇▇▇▇▇” and “TangiblesWhitemap Area” will be deemed to be amended to reflect the exclusion of that portion of the Assets and this Agreement Assets, and the Schedules hereto will be deemed to be amended accordingly;