Common use of Purchase and Sale of the Assets Clause in Contracts

Purchase and Sale of the Assets. Seller agrees to sell, assign, convey and deliver to Buyer, and Buyer agrees to purchase and acquire from Seller at Closing (hereinafter defined), but effective as of 12:01 a.m. C.S.T. on January 1, 2003 (the "Effective Date") a net three percent (3%) of the right, title and working interest of Seller in and to the following properties described in Sections 1.1 through 1.7 (collectively, the "Assets"):

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Halo Resources LTD), Purchase and Sale Agreement (California Exploration LTD)

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Purchase and Sale of the Assets. Seller agrees to sell, assign, convey and deliver to Buyer, and Buyer agrees to purchase and acquire from Seller at Closing (hereinafter defined), but effective as of 12:01 a.m. C.S.T. on January March 1, 2003 2004 (the "Effective DateEFFECTIVE DATE") a net three percent (3%) of the right, title and working interest of from Seller in and to the following properties described in Sections 1.1 through 1.7 (collectively, the "AssetsASSETS"):

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Halo Resources LTD), Purchase and Sale Agreement (Baradero Resources Ltd.)

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