Right to Liquidate. At any time after the occurrence of one or more of the events described in the third paragraph of Section G, Financial Responsibility, the other party to the Agreement (the “Liquidating Party”) shall have the right, at its sole discretion, to liquidate this Agreement by terminating this Agreement. Upon termination, the parties shall have no further rights or obligations with respect to this Agreement, except for the payment of the amount(s) (the “Settlement Amount” or “Settlement Amounts”) determined as provided in Paragraph (3) of this section.
Appears in 5 contracts
Samples: Agreement (Cubic Energy Inc), Purchase Agreement (Resolute Energy Corp), Purchase Agreement (Calumet Specialty Products Partners, L.P.)
Right to Liquidate. At any time after the occurrence of one or more of the events described in the third paragraph of Section G, Financial Responsibility, the other party to the Agreement (the “"Liquidating Party”") shall have the right, at its sole discretion, to liquidate this Agreement by terminating this Agreement. Upon termination, the parties shall have no further rights or obligations with respect to this Agreement, except for the payment of the amount(s) (the “"Settlement Amount” " or “"Settlement Amounts”") determined as provided in Paragraph (3) of this section.
Appears in 3 contracts
Samples: Purchase and Sale Agreement (Centennial Resource Development, Inc.), Berry Petroleum Co, Berry Petroleum Co
Right to Liquidate. At any time after the occurrence occurrence, of one or more of the events described in In the third paragraph of Section G, Financial Responsibility, the other party to the Agreement (the “"Liquidating Party”") shall have the right, at its sole discretion, to liquidate this Agreement by terminating this Agreement. Upon termination, the parties shall have no further rights or obligations with respect to this Agreement, except for the payment of the amount(s) (the “"Settlement Amount” " or “"Settlement Amounts”") determined as provided in Paragraph (3) of this section.
Appears in 2 contracts
Samples: Master Agreement (Petroleum Development Corp), Master Agreement (Rockies Region 2006 Limited Partnership)
Right to Liquidate. At any time after the occurrence of one or more of the events described in the third paragraph of Section G, Financial Responsibility, the other party to the Agreement (the “Liquidating Party”) shall have the right, right at its sole discretion, to liquidate this Agreement by terminating this Agreement. Upon termination, the parties shall have no further rights or obligations obligation with respect to this Agreement, except for the payment of the amount(s) (the “Settlement Amount” or “Settlement Amounts”) determined as provided in Paragraph (3) of this section.
Appears in 2 contracts
Samples: Rockies Region 2007 Lp, Rockies Region 2007 Lp
Right to Liquidate. At any time after the occurrence of one or more of the events described in the third paragraph of Section G, Financial Responsibility, the other party to the Agreement (the “Liquidating Party”) shall have the right, at its sole discretion, to liquidate this Agreement by terminating this Agreement. Upon termination, the parties shall have no further rights or obligations with respect to this Agreement, except for the payment of the amount(samounts) (the “Settlement Amount” or “Settlement Amounts”) determined as provided in Paragraph (3) of this section.
Appears in 1 contract
Samples: Crude Oil Purchase Agreement (Calumet Specialty Products Partners, L.P.)
Right to Liquidate. At any time after the occurrence of one or more of the events described in the third second paragraph of Section G, Financial Responsibility, the other party to the Agreement (the “"Liquidating Party”") shall have the right, at its sole discretion, to liquidate this Agreement by terminating this Agreement. Upon termination, the parties shall have no further rights or obligations with respect to this Agreement, except for the payment of the amount(s) (the “"Settlement Amount” " or “"Settlement Amounts”") determined as provided in Paragraph (3) of this section.
Appears in 1 contract
Samples: Lilis Energy, Inc.
