Common use of Real Property Matters Clause in Contracts

Real Property Matters. Except as represented and warranted under Section 4(j), with respect to any and all real property interests owned by any Acquired Company on the Effective Time, the Buyer shall, and shall cause its applicable Affiliates to (i) waive any and all rights of substitution and subrogation in and to any covenants and warranties (whether arising under title documents, contracts, laws or otherwise) providing title claims against the Seller and any of its Affiliates that is a predecessor in title of any Acquired Company and (ii) release, forgive and otherwise discharge and otherwise not pursue any claim, right or other cause of action in favor of it or its Affiliates against the Seller or any of its Affiliates to the extent same relates to title to any such real property interests.

Appears in 6 contracts

Samples: Purchase and Sale Agreement (Markwest Hydrocarbon Inc), Purchase and Sale Agreement (Markwest Energy Partners L P), Purchase and Sale Agreement (Markwest Energy Partners L P)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.