Common use of Selection of expert Clause in Contracts

Selection of expert. Seller and Purchaser shall act in good faith to promptly execute such engagement letters and other documents as shall be necessary to engage the Environmental Expert within five Business Days after the Closing (or in the case of a Termination Dispute Notice, within five Business Days after the delivery by Seller of such Termination Dispute Notice). After the Environmental Expert has been engaged, if the Environmental Expert withdraws after a challenge, dies, or otherwise resigns or is removed, then such Environmental Expert shall be replaced within five Business Days thereafter by Purchaser and Seller in accordance with this Section 6.9, and the time periods in this Section 6.9 shall be extended as necessary or appropriate. The fees and expenses of the Environmental Expert shall be paid 50% by Seller and 50% by Purchaser.

Appears in 2 contracts

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

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Selection of expert. Seller and Purchaser shall act in good faith to promptly execute such engagement letters and other documents as shall be necessary to engage the Environmental Expert within five Business Days after the Closing (or in the case of a Termination Dispute Notice, within five Business Days after the delivery by Seller of such Termination Dispute Notice). After the Environmental Expert has been engaged, if the Environmental Expert withdraws after a challenge, dies, or otherwise resigns or is removed, then such Environmental Expert shall be replaced within five Business Days thereafter by Purchaser and Seller in accordance with this Section 6.96.8, and the time periods in this Section 6.9 6.8 shall be extended as necessary or appropriate. The fees and expenses of the Environmental Expert shall be paid 50% by Seller and 50% by Purchaser.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Harvest Natural Resources, Inc.)

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Selection of expert. Seller and Purchaser shall act in good faith to promptly execute such engagement letters and other documents as shall be necessary to engage the Environmental Expert within five Business Days seventy (70) days after the First Closing Date or Second Closing Date, as applicable, (or in the case of a Termination Dispute Notice, within five Business Days thirty (30) days after the delivery by Seller of such Termination Dispute Notice). After the Environmental Expert has been engaged, if the Environmental Expert withdraws after a challenge, dies, or otherwise resigns or is removed, then such Environmental Expert shall be replaced within five (5) Business Days thereafter by Purchaser and Seller in accordance with this Section 6.96.8, and the time periods in this Section 6.9 6.8 shall be extended as necessary or appropriate. The fees and expenses of the Environmental Expert shall be paid fifty percent (50% %) by Seller and fifty percent (50% %) by Purchaser.

Appears in 1 contract

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

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