Common use of Sale Term Clause in Contracts

Sale Term. The Sale Term shall begin on the day SELLER submits a Property List or Final Approval and shall end sixty days following the Closing Date identified in the Property List or Final Approval or sixty days after the Sale Term begins, whichever is later. The Sale Term and the exclusivity referenced in paragraph 1 will only apply to Properties identified on a Property List or Final Approval submitted by SELLER.

Appears in 1 contract

Sources: Buyer’s Agreement to Purchase Properties (Bakken Resources Inc)

Sale Term. The Sale Term shall begin on the day SELLER submits a Property List or Final Approval and shall end sixty days following the Closing Date identified in the Property List or Final Approval or sixty ninety days after the Sale Term begins, whichever is later. The Sale Term and the exclusivity referenced in the paragraph 1 titled “Exclusive Right to Sell” will only apply to Properties identified on a Property List or Final Approval submitted by SELLER.

Appears in 1 contract

Sources: Seller’s Agreement for the Sale of Oil and Gas Properties