Common use of Post-Closing Documents Clause in Contracts

Post-Closing Documents. All required documentary, filing, transfer fees and recording fees and expenses in connection with the filing and recording of the assignments (including the Assignment), conveyances or other instruments required to convey title to the Acquired Assets to Purchaser shall be borne solely by Purchaser. Promptly after the Closing Purchaser shall (a) record all assignments of Acquired Assets executed at the Closing in the records of the applicable Governmental Authority, (b) if applicable, send notices to vendors supplying goods and services for the Acquired Assets and to the operator of such Assets of the assignment of such Assets to Purchaser, (c) actively pursue the unconditional approval of all un-obtained consents and approval of all applicable Governmental Authorities and other Persons with respect to the assignment of the Acquired Assets to Purchaser and (d) actively pursue all other consents and approvals that may be required in connection with the assignment of the Acquired Assets to Purchaser and the assumption of the Assumed Liabilities, that, in each case, shall not have been obtained prior to the Closing. Purchaser obligates itself to take any and all action required by any Governmental Authority in order to obtain such unconditional approval, including the posting of any and all bonds or other security that may be required in excess of its existing lease, pipeline or area-wide bond.

Appears in 2 contracts

Sources: Purchase and Sale Agreement, Purchase and Sale Agreement (Unit Corp)

Post-Closing Documents. All required documentary, filing, transfer fees and recording fees and expenses in connection with the filing and recording of the assignments (including the Assignment), conveyances or other instruments required to convey title to the any applicable Acquired Assets to Purchaser shall be borne solely by Purchaser. Promptly after the Closing each applicable Closing, Purchaser shall (a) record all assignments of all Acquired Assets executed at the applicable Closing in the records of the applicable Governmental Authority, (b) if applicable, send notices to vendors supplying goods and services for the all such Acquired Assets and to the operator of such Assets of the assignment of such Assets to Purchaser, (c) actively pursue the unconditional approval of all un-obtained consents and approval of all applicable Governmental Authorities and other Persons with respect to the assignment of the such Acquired Assets to Purchaser and (d) actively pursue all other consents and approvals that may be required in connection with the assignment of the such Acquired Assets to Purchaser and the assumption of the Assumed Liabilities, that, in each case, shall not have been obtained prior to the applicable Closing. Purchaser obligates itself to take any and all action required by any Governmental Authority in order to obtain such unconditional approval, including the posting of any and all bonds or other security that may be required in excess of its existing lease, pipeline or area-wide bond.

Appears in 1 contract

Sources: Purchase and Sale Agreement (SRC Energy Inc.)