Litigation Proceeds. Seller acknowledges that the Company expects to receive Litigation Proceeds in the amount of approximately $60.0 million within the next 30 days. Seller has no right or claim to any portion of the $60.0 million or any future Litigation Proceeds that the Company may receive, including any portion of the $91.4 million judgment entered in the Company’s favor on February 25, 2009. Seller irrevocably waives any right to assert any claim or cause of action against the Company in connection with any Litigation Proceeds received by the Company after the Closing.
Appears in 2 contracts
Sources: Contingent Payment Rights Repurchase Agreement (Delta Petroleum Corp/Co), Contingent Payment Rights Repurchase Agreement (Tracinda Corp)