Operational Due Diligence. From and after April 8, 1996 until 5:00 P.M. local time in Houston, Texas on April 19, 1996 (the "Operational Due Diligence Period"), Buyer shall have access to the Assets for the purpose of inspecting the Assets for the presence of defects other than title and environmental which are addressed in Articles 9 and 10. Buyer shall have the right during the Operational Due Diligence Period to review among other things, the following related to the Assets: accounting documents (including current discount information), operational data (including current and historical gas flow data), maintenance records, gas contract files, equipment rental or capital lease agreements, maintenance contracts, gas processing affidavits or contracts, and operating permits. In the event that Buyer determines that the Assets are materially defective or that Sellers have made misrepresentations regarding the Assets, which in either case result in a Material Adverse Effect on the Assets, then Buyer shall have the option to terminate this Agreement by written notice to Sellers by 12 noon CST on April 22, 1996.
Operational Due Diligence. ARTICLE 7 CONDITIONS TO OBLIGATIONS OF SELLER 7.1 Representations . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7.2 Performance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7.3
Operational Due Diligence. From and after March 22, 1996 until 5:00 P.M. local time in Houston, Texas on April 3, 1996 (the "Operational Due Diligence Period"), Buyer shall have access to the Assets for the purpose of inspecting the Assets for the presence of defects other than title and environmental which are addressed in Articles 9 and 10. Buyer shall have the right during the Operational Due Diligence Period to review among other things, the following related to the Assets: accounting documents
Operational Due Diligence. 1. Core Operations and Processes: Review the operational workflows, production processes, and supply chain dependencies.
