Common use of Independent Evaluation Clause in Contracts

Independent Evaluation. Buyer is an experienced and knowledgeable investor in the oil and gas business. Buyer has been advised by and has relied solely on its own expertise and legal, tax, title, reservoir engineering, environmental and other professional counsel concerning this transaction, the Properties, the value thereof and title thereto.

Appears in 3 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement, Purchase and Sale Agreement (Goodrich Petroleum Corp)

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Independent Evaluation. Buyer is an experienced and knowledgeable investor in the oil and gas business. Buyer has been advised by and has relied solely on its own expertise and legal, tax, titleaccounting, reservoir marketing, land, engineering, environmental and other professional counsel concerning this transaction, the Properties, the Subject Property and value thereof and title theretothereof.

Appears in 3 contracts

Samples: Purchase and Sale Agreement (Lucas Energy, Inc.), Purchase and Sale Agreement (Lucas Energy, Inc.), Purchase and Sale Agreement (Lucas Energy, Inc.)

Independent Evaluation. Buyer is an experienced and knowledgeable investor in the oil and gas business. Buyer has been advised by and has relied solely on its own expertise and legal, tax, title, reservoir engineering, environmental engineering and other professional counsel concerning this transaction, the Properties, Property and the value thereof thereof, as determined by Buyer's examination of Seller's records and title theretoinspection of the Property, and the representations, warranties and covenants made by the Seller in this Agreement.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Harcor Energy Inc), Purchase and Sale Agreement (Harcor Energy Inc)

Independent Evaluation. Buyer is an experienced and knowledgeable investor in the oil and gas business. Buyer has been advised by and has relied solely on its own expertise and its own inspection of the Subject Property and legal, tax, titleaccounting, reservoir marketing, land, engineering, environmental and other professional counsel concerning this transaction, the Properties, the Subject Property and value thereof and title theretothereof.

Appears in 2 contracts

Samples: Working Interest Purchase and Sale Agreement (Cardinal Energy Group, Inc.), Leasehold Purchase and Sale Agreement (Cardinal Energy Group, Inc.)

Independent Evaluation. Buyer is an experienced and knowledgeable investor in the oil and gas business. Buyer has been advised by and has relied solely on its own expertise and legal, tax, title, reservoir engineering, environmental and other professional counsel concerning this transaction, the Properties, the Subject Property and value thereof and title theretothereof.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Reef Oil & Gas Income & Development Fund III LP), Purchase and Sale Agreement (New Frontier Energy Inc)

Independent Evaluation. Buyer Purchaser is an experienced and knowledgeable investor in the oil and gas businessbusiness and is experienced with the usual and customary practices of producers such as Sellers. Buyer has been advised by In making the decision to enter into this Agreement and consummate the transactions contemplated hereby, Purchaser has relied solely on the basis of its own independent due diligence investigation of the Assets, relying upon Purchaser’s own legal, financial, engineering and technical expertise and legal, tax, title, reservoir engineering, environmental and other professional counsel concerning this transaction, the Properties, the value thereof and title theretoadvisors.

Appears in 2 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Sanchez Energy Corp)

Independent Evaluation. Buyer is an experienced and knowledgeable investor in the oil and gas business. Buyer has been advised by and has relied solely on upon its own expertise and in legal, tax, title, reservoir engineering, environmental engineering and other professional counsel concerning this transactionTransaction, the Properties, Assets and the value thereof thereof. Buyer has been afforded the opportunity to inspect the Assets and title records relating thereto.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Aspen Exploration Corp), Purchase and Sale Agreement (Venoco, Inc.)

Independent Evaluation. Buyer is an experienced and knowledgeable investor in the oil and gas business. Buyer has been advised by and has relied solely on upon its own expertise and in legal, tax, title, reservoir engineering, environmental engineering and other professional counsel concerning this transaction, the Properties, Assets and the value thereof and title theretothereof.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Berry Petroleum Co), Purchase and Sale Agreement (Bill Barrett Corp)

Independent Evaluation. Buyer Purchaser is an experienced and knowledgeable investor in the oil and gas businessbusiness and is experienced with the usual and customary practices of producers such as Seller. Buyer has been advised by In making the decision to enter into this Agreement and consummate the transactions contemplated hereby, Purchaser has relied solely only on the representations and warranties provided by Seller in Section 6.1 and on the basis of its own independent due diligence investigation of the Assets, relying upon Purchaser’s own legal, financial, engineering, environmental, land and technical expertise and legal, tax, title, reservoir engineering, environmental and other professional counsel concerning this transaction, the Properties, the value thereof and title theretoadvisors.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Ultra Petroleum Corp)

Independent Evaluation. Buyer is an experienced and knowledgeable investor in the oil and gas business. Except for the representations, warranties and indemnities provided by Seller under this Agreement, Buyer has been advised by and has relied solely on its own expertise and legal, tax, title, reservoir engineering, environmental and other professional counsel concerning this transaction, the Properties, the Subject Property and value thereof and title theretothereof.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Oasis Petroleum Inc.)

Independent Evaluation. Buyer is an experienced and knowledgeable investor in the oil and gas businessbusiness and the business of owning and operating oil and gas properties. In making the decision to enter into this Agreement and to consummate the transactions contemplated hereby, Buyer has been advised by relied on (i) its own independent due diligence investigation of the Properties, and has relied solely on (ii) its own expertise and legal, land, tax, title, reservoir engineering, environmental and other professional counsel concerning this transaction, the Properties, and the value thereof and title theretothereof.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Doral Energy Corp.)

Independent Evaluation. Buyer BUYER is an experienced and knowledgeable investor in the oil and gas business. Buyer BUYER has been advised by and has relied solely on its own expertise and legal, tax, title, reservoir engineering, environmental engineering and other professional counsel concerning this transaction, the Properties, the value thereof and title thereto.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Chaparral Resources Inc)

Independent Evaluation. Buyer is an experienced and knowledgeable investor in the oil and gas business. Buyer has been advised by and has relied solely on its own expertise and legal, tax, title, reservoir engineering, environmental and other professional counsel concerning this transaction, the PropertiesAssets, the value thereof and title thereto. Buyer has been provided access to Seller’s files and title information at Buyer’s sole risk and without warranty or representations to the accuracy or completeness thereof and has undertaken its own independent investigation and review of such information and has satisfied itself as to the title of the Assets.

Appears in 1 contract

Samples: Purchase and Sale Agreement (BreitBurn Energy Partners L.P.)

Independent Evaluation. Buyer is an experienced and knowledgeable investor in the oil and gas business. Buyer has been advised by and has relied solely on its own expertise and legal, tax, title, reservoir engineering, environmental and other professional counsel concerning this transaction, the Properties, the Units and value thereof and title theretothereof.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Reef Oil & Gas Income & Development Fund III LP)

Independent Evaluation. Buyer BUYER is an experienced and knowledgeable investor and operator in the oil and gas business. Buyer In making the decision to enter into this Agreement, BUYER has been advised by and has relied solely on its own expertise and legal, tax, title, reservoir engineering, environmental engineering and other professional counsel concerning this transaction, the Properties, Property and the value thereof and title theretothereof.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Parsley Energy, Inc.)

Independent Evaluation. Buyer Seller is an experienced and knowledgeable investor in the oil and gas business. Buyer Seller has been advised by and has relied solely on its own expertise and legal, tax, title, reservoir engineering, environmental and other professional counsel concerning this transaction, the Properties, the Subject Property and value thereof and title theretothereof.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Reef Oil & Gas Income & Development Fund III LP)

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Independent Evaluation. Buyer is an experienced and knowledgeable investor in the oil and gas business. Buyer has been advised by and has relied solely on upon its own expertise and in legal, tax, title, reservoir engineering, environmental engineering and other professional counsel concerning this transaction, the Properties, Assets and the value thereof thereof. Confidential Portions Redacted and title theretoFiled with the Commission [***] Symbolizes Language Omitted Pursuant to an Application For Confidential Treatment.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Berry Petroleum Co)

Independent Evaluation. Buyer acknowledges that it is an experienced and knowledgeable investor in the oil and gas business, and the business of purchasing, owning, developing and operating oil and gas properties. In making the decision to enter into this Agreement and to consummate the transactions contemplated hereby, Buyer has relied solely upon its own independent due diligence investigation of the Company, the Membership Interests and the Participation Agreement and it has been advised by and has relied solely on its own expertise and its own legal, tax, title, reservoir engineering, environmental financial and other professional counsel and advisors concerning this transaction, the Properties, the value thereof and title thereto.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Velocity Oil & Gas, Inc.)

Independent Evaluation. Buyer is an experienced and knowledgeable investor in the oil and gas business. Buyer has been advised by and has relied solely on upon its own expertise and its own legal, tax, title, reservoir engineering, environmental engineering and other professional counsel counsel, concerning this transaction, the Properties, Assets and the value thereof and title theretothereof.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Williams Companies Inc)

Independent Evaluation. Buyer is an experienced and knowledgeable investor in the oil and gas business. In making the decision to enter into this Agreement, Buyer has been advised by and has relied solely on its own expertise and legal, tax, title, reservoir engineering, environmental engineering and other professional counsel concerning this transaction, the Properties, Property and the value thereof and title theretothereof.

Appears in 1 contract

Samples: Purchase and Sale Agreement

Independent Evaluation. Buyer is an sophisticated, experienced and knowledgeable investor in the oil and gas midstream business and is aware of the risks of such business. Buyer has been advised by In making its decision to enter into this Agreement and has relied solely on its own expertise and legalconsummate the Transaction, tax, title, reservoir engineering, environmental and other professional counsel concerning this transaction, the Properties, the value thereof and title thereto.Buyer:

Appears in 1 contract

Samples: Membership Interests Purchase Agreement (Eclipse Resources Corp)

Independent Evaluation. Buyer acknowledges that it is an experienced and knowledgeable investor in the oil and gas business, and the business of purchasing, owning, developing and operating oil and gas properties such as the Assets. In making the decision to enter into this Agreement and to consummate the transactions contemplated hereby, Buyer has been advised by and has relied solely on its own expertise and legal, tax, title, reservoir engineering, environmental and other professional counsel concerning this transaction, the Properties, the value thereof and title thereto.upon

Appears in 1 contract

Samples: Purchase and Sale Agreement

Independent Evaluation. Buyer is an experienced and knowledgeable investor in the oil and gas business. Buyer has been advised by and has relied solely on its own expertise and legal, tax, titleaccounting, reservoir marketing, land, engineering, environmental and other professional counsel concerning this transaction, the Properties, the Subject Property and value thereof and title theretothereof. Buyer is acquiring Subject Property in “as is” condition without warranty as to merchantability or fitness for a particular purpose.

Appears in 1 contract

Samples: Working Interest Purchase and Sale Agreement (Cardinal Energy Group, Inc.)

Independent Evaluation. Buyer BUYER is an experienced and knowledgeable investor in the oil and gas business. Buyer BUYER has been advised by and has relied solely on its own expertise and legal, tax, title, reservoir engineering, environmental engineering and other professional counsel concerning this transaction, the Properties, Property and the value thereof and title theretothereof.

Appears in 1 contract

Samples: Share and Pipeline Purchase Agreement (Stone Energy Corp)

Independent Evaluation. Buyer is an experienced and knowledgeable investor in the oil and gas business. Buyer has been advised by and has relied solely on its own expertise and legal, tax, title, reservoir engineering, environmental and other professional counsel concerning this transaction, the PropertiesProperty, the value thereof and title thereto.

Appears in 1 contract

Samples: Purchase, Sale and Participation Agreement (Matador Resources Co)

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