Personal Property and Equipment. Seller is the owner of the Equipment free and clear of all liens and encumbrances other than those to be released at Closing. Other than in connection with normal and customary prudent operations, Seller has not removed any personal property, equipment, or fixtures from the Xxxxx, unless it has been replaced with personal property, equipment, or fixtures of similar grade and utility. Unless removed, repaired, or replaced (a) with personal property, equipment, and fixtures of similar grade and utility or (b) in connection with normal and customary prudent operations, the personal property, equipment, and fixtures currently attendant to the Xxxxx was the equipment historically used by Seller on the Xxxxx to produce the Hydrocarbons prior to the execution of this Agreement.
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Samples: Purchase and Sale Agreement (St Mary Land & Exploration Co), Purchase and Sale Agreement, Purchase and Sale Agreement (Legacy Reserves Lp)
Personal Property and Equipment. Seller is the owner of the Equipment free and clear of all liens and encumbrances other than those to be released at Closing. Other than in connection with normal and customary prudent operations, Seller has not removed any personal property, equipment, equipment or fixtures from the Xxxxx, unless it has been replaced with personal property, equipment, equipment or fixtures of similar grade and utility. Unless removed, repaired, repaired or replaced (a) with personal property, equipment, equipment and fixtures of similar grade and utility or (b) in connection with normal and customary prudent operations, the personal property, equipment, equipment and fixtures currently attendant to the Xxxxx was the equipment historically used by Seller on the Xxxxx to produce the Hydrocarbons prior to the execution of this Agreement.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Abraxas Energy Partners LP)
Personal Property and Equipment. Seller is the owner of the Equipment free and clear of all liens and encumbrances other than those to be released at Closing. Other than in connection with normal and customary prudent operations, Seller has not removed any personal property, equipment, equipment or fixtures from the XxxxxWxxxx, unless it has been replaced with personal property, equipment, equipment or fixtures of similar grade and utility. Unless removed, repaired, repaired or replaced (a) with personal property, equipment, equipment and fixtures of similar grade and utility or (b) in connection with normal and customary prudent operations, the personal property, equipment, equipment and fixtures currently attendant to the Xxxxx Wxxxx was the equipment historically used by Seller on the Xxxxx Wxxxx to produce the Hydrocarbons prior to the execution of this Agreement.
Appears in 1 contract
Samples: Purchase and Sale Agreement (St Mary Land & Exploration Co)
Personal Property and Equipment. Seller is the owner of the Equipment free and clear of all liens and encumbrances other than those to be released at Closing. Other than in connection with normal and customary prudent operations, Seller has not removed any personal property, equipment, or fixtures from the Xxxxx, unless it has been replaced with personal property, equipment, or fixtures of similar grade and utility. Unless removed, repaired, or replaced (a) with personal property, equipment, and fixtures of similar grade and utility or (b) in connection with normal and customary prudent operations, the personal property, equipment, and fixtures currently attendant to the Xxxxx was the equipment historically used by Seller on the Xxxxx to produce the Hydrocarbons prior to the execution of this Agreement. To Seller’s Knowledge, the equipment constituting part of the Assets is adequate for the operation of the Assets consistent with past practices.
Appears in 1 contract
Samples: Purchase and Sale Agreement (St Mary Land & Exploration Co)
Personal Property and Equipment. Seller is the owner of the Equipment free and clear of all liens and encumbrances other than those to be released at the Closing. Other than in connection with normal and customary prudent operations, Seller has not removed any personal property, equipment, or fixtures from the XxxxxWxxxx, unless it has been replaced with personal property, equipment, or fixtures of similar grade and utility. Unless removed, repaired, repaired or replaced (a) with personal property, equipment, and fixtures of similar grade and utility or (b) in connection with normal and customary prudent operations, the personal property, equipment, and fixtures currently attendant to the Xxxxx Wxxxx was the equipment historically used by Seller on the Xxxxx Wxxxx to produce the Hydrocarbons prior to the execution of this Agreement.
Appears in 1 contract
