Common use of Financial Statements; Absence of Liabilities Clause in Contracts

Financial Statements; Absence of Liabilities. (a) VRI ACKNOWLEDGES THAT NEITHER IT NOR ANY OF ITS AFFILIATES HAS RELIED ON ANY FINANCIAL STATEMENTS OF SETM OR ITS SUBSIDIARIES IN CONNECTION WITH ITS DECISION TO ENTER INTO THIS AGREEMENT.

Appears in 2 contracts

Samples: Formation Agreement (Southern Energy Inc), Formation Agreement (Vastar Resources Inc)

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Financial Statements; Absence of Liabilities. (a) VRI SEI HOLDINGS ACKNOWLEDGES THAT NEITHER IT NOR ANY OF ITS AFFILIATES HAS RELIED ON ANY FINANCIAL STATEMENTS OF SETM VGM, VPM OR ITS THEIR SUBSIDIARIES IN CONNECTION WITH ITS DECISION TO ENTER INTO THIS AGREEMENT.

Appears in 2 contracts

Samples: Formation Agreement (Vastar Resources Inc), Formation Agreement (Southern Energy Inc)

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