Common use of Independent Evaluation Clause in Contracts

Independent Evaluation. In entering into this Agreement, Buyer acknowledges and affirms that it has relied and will rely solely on the terms of this Agreement and upon its independent analysis, evaluation and investigation of, and judgment with respect to, the business, economic, legal, tax or other consequences of this transaction including without limitation its own estimate and appraisal of the extent and value of the Hydrocarbon reserves of the Assets.

Appears in 6 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Empire Petroleum Corp), Purchase and Sale Agreement (Kodiak Oil & Gas Corp)

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Independent Evaluation. In entering into this Agreement, Buyer acknowledges and affirms that it has relied and will rely solely on the terms of this Agreement and upon its independent analysis, evaluation and investigation of, and judgment with respect to, the business, economic, legal, tax or other consequences of this transaction Transaction including without limitation its own estimate and appraisal of the extent and value of the Hydrocarbon reserves of associated with the AssetsSubject Interests.

Appears in 2 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Legacy Reserves Lp)

Independent Evaluation. In entering into this Agreement, Buyer acknowledges and affirms that it has relied and will rely solely on the terms of this Agreement and upon its independent analysis, evaluation and investigation of, and judgment with respect to, the business, economic, legal, tax or other consequences of this transaction Transaction including without limitation its own estimate and appraisal of the extent and value of the Hydrocarbon petroleum, natural gas and other reserves of the Assets, the value of the Assets and future operation, maintenance and development costs associated with the Assets.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Teton Energy Corp)

Independent Evaluation. In entering into this Agreement, Buyer acknowledges and affirms that it has relied and will rely solely on the terms of this Agreement and the Transaction Documents and upon its independent analysis, evaluation and investigation of, and judgment with respect to, the business, economic, legal, tax or other consequences of this transaction Transaction including without limitation its own estimate and appraisal of the extent and value of the Hydrocarbon reserves of associated with the Assets.

Appears in 1 contract

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

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Independent Evaluation. In entering into this Agreement and except for the representations, warranties and covenants set forth in this Agreement, Buyer acknowledges and affirms that it has relied and will rely solely on the terms of this Agreement and upon its independent analysis, evaluation and investigation of, and judgment with respect to, the business, economic, legal, tax or other consequences of this transaction including without limitation its own estimate and appraisal of the extent and value of the Hydrocarbon reserves of the Assets.

Appears in 1 contract

Samples: Lease Number   Well   Lease (Trans Energy Inc)

Independent Evaluation. In entering into this Agreement, Buyer acknowledges and affirms that it has relied and will rely solely on the terms of this Agreement and upon its independent analysis, evaluation and investigation of, and judgment with respect to, the business, economic, legal, tax or other consequences of this transaction transaction, including without limitation limitation, its own estimate and appraisal of the extent and value of the Hydrocarbon reserves of the Assets.

Appears in 1 contract

Samples: Purchase and Sale Agreement (New Frontier Energy Inc)

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