Ownership of Interests. (a) Seller holds of record and owns beneficially the Interests, free and clear of all Encumbrances (other than restrictions under federal and state securities laws, in the Organizational Documents of the Company and under the SN Credit Agreement and related security agreements, guarantees, documents and instruments).
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Samples: Purchase and Sale Agreement (Sanchez Production Partners LP), Purchase and Sale Agreement (Sanchez Energy Corp), Purchase and Sale Agreement
Ownership of Interests. (a) Seller holds of record and owns beneficially the Interests, free and clear of all Encumbrances (other than (i) restrictions under federal and state securities laws, laws and in the Organizational Documents of the Company and under (ii) prior to the SN Credit Closing, the pledge of the Interests pursuant to the Pledge Agreement (as defined on Schedule 4.9) and related security agreements, guarantees, documents and instrumentsSection 3.13 of the LLC Agreement).
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