Common use of Sale and Assignment Clause in Contracts

Sale and Assignment. On the terms and conditions set forth herein, effective on and as of the Assignment Date, the Assignor hereby sells, assigns and transfers to the Assignee, and the Assignee hereby purchases and assumes from the Assignor, all of the right, title and interest of the Assignor in and to, and all of the obligations of the Assignor in respect of, the Assigned Interest. Such sale, assignment and transfer is without recourse and, except as expressly provided in this Agreement, without representation or warranty.

Appears in 50 contracts

Samples: Revolver Loan Agreement (Energy 11, L.P.), Revolver Loan Agreement (Energy Resources 12, L.P.), Credit Agreement (Contango Oil & Gas Co)

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Sale and Assignment. On the terms and conditions set forth herein, ------------------- effective on and as of the Assignment Date, the Assignor hereby sells, assigns and transfers to the Assignee, and the Assignee hereby purchases and assumes from the Assignor, all of the right, title and interest of the Assignor in and to, and all of the obligations of the Assignor in respect of, the Assigned Interest. Such sale, assignment and transfer is without recourse and, except as expressly provided in this Agreement, without representation or warranty.

Appears in 2 contracts

Samples: Credit Agreement (Sheridan Energy Inc), Assignment Agreement (Southern Mineral Corp)

Sale and Assignment. On the terms and conditions set forth ------------------ herein, effective on and as of the Assignment Date, the Assignor hereby sells, assigns and transfers to the Assignee, and the Assignee hereby purchases and assumes from the Assignor, all of the right, title and interest of the Assignor in and to, and all of the obligations of the Assignor in respect of, the Assigned Interest. Such sale, assignment and transfer is without recourse and, except as expressly provided in this Agreement, without representation or warranty.

Appears in 1 contract

Samples: Credit Agreement (Mission Resources Corp)

Sale and Assignment. On the terms and conditions set forth herein, effective on and as of the Assignment Date, the Assignor hereby sells, assigns and transfers to the Assignee, and the Assignee hereby purchases and assumes from the Assignor, all of the right, Exhibit E title and interest of the Assignor in and to, and all of the obligations of the Assignor in respect of, the Assigned Interest. Such sale, assignment and transfer is without recourse and, except as expressly provided in this Agreement, without representation or warranty.

Appears in 1 contract

Samples: Credit Agreement (Ashland Inc.)

Sale and Assignment. On the terms and conditions set forth herein, effective on and as of the Assignment Date, the Assignor hereby sells, assigns and transfers to the Assignee, and the Assignee hereby purchases and assumes from the Assignor, all of the right, title title, and interest of the Assignor in and to, and all of the obligations of the Assignor in respect of, the Assigned Interest. Such sale, assignment and transfer is without recourse to and, except as expressly provided in this Agreement, without representation or warrantywarranty by Assignor.

Appears in 1 contract

Samples: Credit Agreement (Texas New Mexico Power Co)

Sale and Assignment. On the terms and conditions set forth herein, effective on and as of the Assignment Date, the Assignor hereby sells, assigns assigns, and transfers to the Assignee, and the Assignee hereby purchases and assumes from the Assignor, all of the right, title and interest of the Assignor in and to, and all of the obligations of the Assignor in respect of, the Assigned Interest. Such sale, assignment and transfer is without recourse and, except as expressly provided in this Agreement, without representation or warranty.

Appears in 1 contract

Samples: Continuing Guaranty Agreement (Atlas Pipeline Partners Lp)

Sale and Assignment. On the terms and conditions set forth ------------------- herein, effective on and as of the Assignment Date, the Assignor hereby sells, assigns and transfers to the Assignee, and the Assignee hereby purchases and assumes from the Assignor, all of the right, title and interest of the Assignor in and to, and all of the obligations of the Assignor in respect of, the Assigned Interest. Such sale, assignment and transfer is without recourse and, except as expressly provided in this Agreement, without representation or warranty.

Appears in 1 contract

Samples: Credit Agreement (Aroc Inc)

Sale and Assignment. On the terms and conditions set forth herein, effective on and as of the Assignment Date, the Assignor hereby sells, assigns and transfers to the Assignee, and the Assignee hereby purchases and assumes from the Assignor, all of the right, title and interest of the Assignor in and to, and all of the obligations of the Assignor in respect of, the Assigned Interest. Such sale, assignment and transfer is are without recourse and, except as expressly provided in this Agreement, without representation or warranty.

Appears in 1 contract

Samples: Credit Agreement (Atp Oil & Gas Corp)

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Sale and Assignment. On the terms and conditions set forth herein, effective on and as of the Assignment Date, the Assignor hereby sells, assigns and transfers to each of the AssigneeAssignees, and each of the Assignee Assignees hereby purchases and assumes from the Assignor, all of the right, title and interest of the Assignor in and to, and all of the obligations of the Assignor in respect of, the Assigned InterestInterest of the relevant Assignee. Such sale, assignment and transfer is without recourse and, except as expressly provided in this Agreement, without representation or warranty.

Appears in 1 contract

Samples: Assignment Agreement (Primeenergy Corp)

Sale and Assignment. On the terms and conditions set forth herein, effective on and as of the Assignment Date, the Assignor hereby sells, assigns and transfers to the Assignee, and the Assignee hereby purchases and assumes from the Assignor, all of the right, title and interest of the Assignor in and to, and all of the obligations of the Assignor in respect of, the Assigned Interest. Such sale, assignment and transfer is without recourse and, except as expressly provided in this Agreement, without representation or warranty.. Section 2.02

Appears in 1 contract

Samples: Credit Agreement (Houston Exploration Co)

Sale and Assignment. On the terms and conditions set forth herein, effective on and as of the Assignment Date, the Assignor hereby sells, assigns assigns, and transfers to the Assignee, and the Assignee hereby purchases and assumes from the Assignor, all of the right, title title, and interest of the Assignor in and to, and all of the obligations of the Assignor in respect of, the Assigned Interest. Such sale, assignment assignment, and transfer is without recourse to and, except as expressly provided in this Agreement, without representation or warrantywarranty by Assignor.

Appears in 1 contract

Samples: Credit Agreement (Murphy Oil Corp /De)

Sale and Assignment. (a) On the terms and conditions set forth herein, effective on and as of the Assignment Date, the Assignor Assignors hereby sellssell, assigns assign and transfers transfer to the Assignee, and the Assignee hereby purchases and assumes from the AssignorAssignors, all of the right, title and interest of the Assignor Assignors in and to, and all of the obligations of the Assignor Assignors in respect of, the Assigned Interest. Such sale, assignment and transfer is without recourse and, except as expressly provided in this Agreement, without representation or warranty.

Appears in 1 contract

Samples: Brigham Exploration Co

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