Common use of Operational Transition Clause in Contracts

Operational Transition. THERE IS NO ASSURANCE GIVEN BY SELLER THAT BUYER SHALL SUCCEED SELLER AS OPERATOR OF ANY PROPERTY WHERE OTHER PARTIES OWN INTERESTS IN THE ▇▇▇▇▇ LOCATED THEREON AND BUYER ACCEPTS THE RISK THEREOF.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Resolute Energy Corp)

Operational Transition. IT IS RECOGNIZED THAT THERE IS NO ASSURANCE GIVEN BY SELLER THAT BUYER SHALL SUCCEED SELLER AS OPERATOR OF ANY PROPERTY WHERE SELLER IS THE OPERATOR AND OTHER PARTIES OWN INTERESTS IN THE ▇▇▇▇▇ LOCATED THEREON AND BUYER ACCEPTS THE RISK THEREOF.INTERESTS

Appears in 1 contract

Sources: Agreement of Sale and Purchase

Operational Transition. THERE IS NO ASSURANCE GIVEN BY SELLER THAT BUYER SHALL SUCCEED SELLER AS OPERATOR OF ANY PROPERTY WHERE OTHER PARTIES OWN INTERESTS IN THE ▇▇▇▇▇ LOCATED THEREON AND BUYER ACCEPTS THE RISK THEREOF.AND

Appears in 1 contract

Sources: Asset Purchase and Sale Agreement (Tetra Technologies Inc)