Definition of PNG Assets

  1. PNG Assets means the Petroleum and Natural Gas Rights, the Seismic Data, the Tangibles and the Miscellaneous Interests.

Examples of PNG Assets in a sentence

  1. The Vendor does not warrant title to the Assets but does represent and warrant that neither the Corporation nor the Vendor has done any act or thing whereby any of the PNG Assets may be cancelled or determined and, except for Permitted Encumbrances, the PNG Assets are free and clear of all Burdens created by, through or under the Corporation or any other Affiliate of the Vendor, or of which the Vendor has knowledge.

Definition of PNG Assets in Share Purchase Agreement

PNG Assets means the Petroleum and Natural Gas Rights, the Seismic Data, the Tangibles and the Miscellaneous Interests.