Common use of Cease in Ownership Clause in Contracts

Cease in Ownership. The Seller shall not be liable to a Purchaser for any Claim arising out of an event, matter, circumstance, act or omission in respect of the Group Companies which occurs after such Group Companies have ceased to be subsidiaries of that Purchaser or of any other member of its Group.

Appears in 2 contracts

Samples: Sale and Purchase Agreement (Kosmos Energy Ltd.), www.sec.gov

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Cease in Ownership. The Each Seller shall not be liable to a Purchaser for any Claim arising out of an event, matter, circumstance, act or omission in respect of the a Group Companies which occurs Company after such Group Companies have Company has ceased to be subsidiaries of that Purchaser or of any other a member of its the Purchaser’s Group.

Appears in 2 contracts

Samples: www.mmg.com, www.mmg.com

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Cease in Ownership. The Seller shall not be liable to a the Purchaser for any Warranty Claim arising out of an event, matter, circumstance, act or omission in respect of any member of the Company Group Companies which occurs after such member of the Company Group Companies have ceased to be subsidiaries a subsidiary of that the Purchaser or of any other a member of its the Shell Group.. viii. NOT USED

Appears in 1 contract

Samples: Agreement (Kosmos Energy Ltd.)

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