Common use of Reservation of Claims Clause in Contracts

Reservation of Claims. Except as provided in this Agreement, Seller is entitled to all claims related to the Interests prior to the Effective Time regardless of when payment is made. Except as provided in this Agreement, Buyer is entitled to all claims related to the Interests which arise after the Effective Time.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (McMoran Exploration Co /De/), Letter Agreement (Blue Dolphin Energy Co)

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Reservation of Claims. Except as provided in this Agreement, Seller is entitled to all claims related to the Interests prior to the Effective Time Date regardless of when payment is made. Except as provided in this Agreement, Buyer is entitled to all claims related to the Interests which arise after the Effective TimeDate.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Foreland Corp)

Reservation of Claims. Except as provided in this Agreement, Seller is entitled to all claims related to the Interests Acquired Assets prior to the Effective Time regardless of when payment is made. Except as provided in this Agreement, Buyer Purchaser is entitled to all claims related to the Interests Acquired Assets which arise after the Effective Time.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Seitel Inc)

Reservation of Claims. Except as provided in this Agreement, Seller is entitled to all claims related to the Interests Assets prior to the Effective Time regardless of when payment is made. Except as provided in this Agreement, Buyer is entitled to all claims related to the Interests which Assets that arise after the Effective Time.

Appears in 1 contract

Samples: Asset Purchase and Sale Agreement (Blue Dolphin Energy Co)

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Reservation of Claims. Except as provided in this Agreement, Seller is entitled to all claims related to the Interests prior to the Effective Time regardless of when payment is made. Except as provided in this Agreement, Buyer Purchaser is entitled to all claims related to the Interests which arise after the Effective Time.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Energy Partners LTD)

Reservation of Claims. Except as provided in this Agreement, each Seller is entitled to all claims related to the Interests of such Seller prior to the Effective Time regardless of when payment is made. Except as provided in this Agreement, Buyer Purchaser is entitled to all claims related to the Interests which arise after the Effective Time.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Energy Partners LTD)

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