Assumption of Contracts. The sale of the Properties is and will be made subject to the Contracts to which the Properties are presently subject. Buyer assumes and shall be responsible for all obligations accruing under the Contracts after the Effective Time.
Appears in 3 contracts
Samples: Purchase and Sale Agreement (Lone Star International Energy Inc), Purchase and Sale Agreement (Lone Star International Energy Inc), Purchase and Sale Agreement (Lone Star International Energy Inc)
Assumption of Contracts. The sale of the Sale Interest in the Properties is and will be made subject to the Contracts to which the Properties are presently subject. Buyer assumes BUYER shall assume and shall be responsible only for all obligations accruing under the Contracts after the Effective Time.
Appears in 2 contracts
Samples: Asset Purchase Agreement (Louis Dreyfus Natural Gas Corp), Asset Purchase Agreement (Costilla Energy Inc)
