Farmor’s Representations and Warranties. The Farmor makes the following representations and warranties to the Farmee as of the Effective Date:
Farmor’s Representations and Warranties. Except as otherwise disclosed on the attached schedules, Farmor represents and warrants to the best of its knowledge that as of the Effective Date:
Farmor’s Representations and Warranties. The Farmor makes the following representations and warranties to the Farmee as of the Effective Date:
(i) Farmor’s Rights The Farmor holds the rights to a ninety percent (90%) undivided Participating Interest in the Contract, free and clear of any liens, claims, burdens or encumbrances, other than the liens, claims, burdens or encumbrances in favour of the Government or according to the terms of the Contract, and applicable Laws/Regulations. The Contract is in full force and effect and no notice of default, termination, or breach under the Contract has been received by the Farmor or, to the knowledge of the Farmor, any other party to the Contract. No event has occurred or failed to occur which constitutes, or which, with the giving of notice or the passage of time or both, would constitute a material default, violation or breach under the Contract. To the knowledge of the Farmor, no other party to the Contract has given or threatened to give notice of any action to alter, terminate or rescind such Contract or to procure a judicial reformation thereof. The Contract, the Security, relevant Permits, together with applicable Laws/Regulations, contain the entirety of the obligation of the Farmor to the Government, and no other understanding or agreement exists between the Farmor and the Government in relation to the subject matter of the Contract except as otherwise disclosed under this Agreement. - 24 -
Farmor’s Representations and Warranties. Until the date in which the transfer is approved, Farmor shall promptly notify Farmee and provide details upon the occurrence of:
(a) any written notice of default or termination received or given by Farmor with respect to the Licenses, (b) any written notice of any pending or threatening claim, demand, action, suit, inquiry or proceeding related to the Licenses, or (c) any material damage, destruction or loss to key assets within the scope of the Licenses. Farmor undertakes not to transfer any license interest or create any right, encumbrance, pledge or any other type of commitment of lien on the Licenses to a third Party other than Farmee during the validity of this Agreement.
Farmor’s Representations and Warranties. FARMOR makes the following representations, warranties and covenants to FARMEE:
1. FARMOR is the present owner of the acreage, working interest and net revenue interest attributed to each Lease on Schedule B, and warrants its title thereto against anyone claiming by, from, through or under FARMOR. Such Leases are in full force and effect in accordance with their terms; there are no defaults by lessee thereunder; except as set forth on Schedule B, the lessee has no obligation under any such Lease to drill any well for the production of any hydrocarbons; all amendments to each such Lease are identified in Schedule B; and all consents required under such Leases to permit FARMEE to exercise its rights, contemplated hereby, have been or will be obtained prior to the assignment thereof to FARMEE, including consents to the assignment of such Leases. At the time of assignment pursuant to Article IV, the Leases will be free and clear of any and all encumbrances, liens and other interests. Upon request, FARMOR shall furnish FARMEE copies of all lease and title and other data in FARMOR’s files or its Affiliates’ files concerning the Leases and the AMI.
2. FARMOR has obtained all governmental and other approvals and permits to drill, complete and operate the Initial Xxxxx within the Initial Drilling Units and all surface use rights necessary or appropriate to drill, complete, produce and operate the Initial Xxxxx. FARMOR shall use its reasonable best efforts to obtain all governmental and other approvals and permits to drill, complete and operate Xxxxx within the Drilling Units and all surface use rights necessary or appropriate to drill, complete, produce and operate the such Xxxxx. FARMOR has the exclusive right to drill, complete, produce and operate hydrocarbon xxxxx on the property covered by each Lease, and FARMOR agrees not to grant, assign or otherwise transfer to any person, corporation or other entity, except to FARMEE or as otherwise provided herein, the right to explore for or produce hydrocarbons from any properties covered by any Lease.
3. There are no claims, demands, actions, suits, governmental inquiries, or proceedings pending or to FARMOR’s knowledge threatened against FARMOR which would have an adverse effect upon the consummation of the transactions contemplated by this Agreement.
4. FARMOR and its Affiliates are not party to any marketing, financial or physical hedge, forward sale or similar agreement affecting production from the Leases. Except ...
Farmor’s Representations and Warranties. Except as otherwise disclosed in the Exhibits attached hereto, Farmor makes the following representations and warranties to Farmee as of the Effective Date and repeated on the Closing Date:
Farmor’s Representations and Warranties. Except as otherwise disclosed on the attached schedules, Farmor makes the following representations and warranties to Farmee as of the Effective Date:
A. Farmor's Rights. Farmor holds 100% Participating Interest of the Contractor in the Contract, free and clear of any liens, claims, burdens or encumbrances, other than the liens, claims, burdens or encumbrances in favor of the Government according to the terms of the Contract and applicable Laws. The Contract is in full force and effect and no notice of default, termination, or breach under the Contract has been received neither by Farmor nor, to the knowledge of Farmor, any other party to the Contract. The Contract together with applicable Laws, contains the entirety of the obligation of Farmor to the Government, and no other understanding or agreement exists between Farmor and the Government in relation to the subject matter of the Contract except as otherwise disclosed under this Agreement.
B. Farmor has provided Farmee with complete and correct copies of the Contract. Where Farmor has provided any translation of a Document, Farmor has done so as a courtesy to the Farmee and Farmor makes no representation or warranty as to the accuracy of the translation.
C. There are no material claims, demands, actions, suits, governmental inquiries, or proceedings pending or to Farmor's knowledge threatened in connection with the Contract or other Documents which would have an adverse effect upon the consummation of the transactions contemplated by this Agreement.
D. Farmor, with bona fides, declares that it does not have knowledge of any cause of action or liability which may originated from circumstances not fereseen in this Article. From the Effective Date, the Parties shall be responsible to the extent of their participating cost as per this Agreement and the JOA, for any liability originated in circumstances ocurred before the Effective Date or which came to the knowledge of the Farmor after the Effective Date.
Farmor’s Representations and Warranties. Farmor represents and warrants that each of the statements in this Section 8.1 is true and complete as of the Effective Date and in respect of Sections 8.1(A), (B), (C), (D), (E), (F), (G) (H), (I) and (J) shall be deemed to be repeated by Farmor to be true at Closing. Farmor hereby represents and warrants that:
Farmor’s Representations and Warranties. Except as otherwise disclosed on the attached schedules, Farmor makes the following representations and warranties to Farmee as of the date of this Agreement:
Farmor’s Representations and Warranties
