No Warranty of Title. Except as provided in Section 3.1, the contributions and conveyances made by Section 2.1 are made without warranty of title, express, implied or statutory, and without recourse even as to the return of the purchase price, but with full substitution and subrogation of Monterey, and all persons claiming by, through and under Monterey, to the extent assignable, in and to all covenants and warranties by Santa Fe's predecessors in title and with full subrogation of all rights accruing under the statutes of limitation or prescription under the laws of various states in which the Subject Assets are located and all rights of actions of warranty against all former owners of the Subject Assets.
Appears in 4 contracts
Samples: Conveyance and Contribution Agreement (Monterey Resources Inc), Conveyance and Contribution Agreement (Monterey Resources Inc), Conveyance and Contribution Agreement (Monterey Resources Inc)
