Common use of Execution by the Parties Clause in Contracts

Execution by the Parties. Neither the submission of this instrument or any information concerning the Interests for Buyer’s examination, nor discussions or negotiations between the Parties constitutes an offer to sell, a reservation of, or an option for the Interests or Property, and this instrument and the underlying transaction will become enforceable and binding between the Parties only upon execution and delivery of this instrument by both ExxonMobil and Buyer.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (W&t Offshore Inc), Purchase and Sale Agreement (Energy Xxi (Bermuda) LTD)

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Execution by the Parties. Neither the submission of this instrument or any information concerning the Interests for Buyer’s examination, nor discussions or negotiations between the Parties constitutes an offer to sell, a reservation of, or an option for the Interests or Property, and this instrument and the underlying transaction will become enforceable and binding between the Parties only upon execution and delivery of this instrument by both ExxonMobil XTO Energy and Buyer.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Dynamic Offshore Resources, Inc.)

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Execution by the Parties. Neither the submission of this instrument or any information concerning the Interests for Buyer’s Seller's examination, nor discussions or negotiations between the Parties parties, constitutes an offer to sell, a reservation of, or an option for purchase the Interests or Property, and this instrument and the underlying transaction will become enforceable and binding between the Parties parties only upon execution and delivery of this instrument by both ExxonMobil Seller and Buyer.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Capco Energy Inc)

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