Common use of Preferential Rights Clause in Contracts

Preferential Rights. The Subject Properties are not subject to any preferential rights to purchase that were created during Seller’s period of ownership. To Seller’s knowledge, the Subject Properties are not subject to any preferential rights to purchase that were created prior to Seller’s period of ownership that would continue to be in effect on or after the Effective Date.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Lucas Energy, Inc.), Purchase and Sale Agreement (Lucas Energy, Inc.)

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Preferential Rights. The Subject Properties are not subject to any preferential rights to purchase that were created during Seller’s period of ownership. To Seller’s knowledge, the Subject Properties are Property is not subject to any preferential rights to purchase that were created prior to Seller’s period of ownership that would continue to be in effect on or after the Effective DateDate (not disclosed on “Exhibit D” attached hereto).

Appears in 2 contracts

Samples: Working Interest Purchase and Sale Agreement (Cardinal Energy Group, Inc.), Leasehold Purchase and Sale Agreement (Cardinal Energy Group, Inc.)

Preferential Rights. The Subject Properties Property are not subject to any preferential rights to purchase that were created during Seller’s period of ownership. To Seller’s knowledge, the Subject Properties are Property is not subject to any preferential rights to purchase that were created prior to Seller’s period of ownership that would continue to be in effect on or after the Effective Date.

Appears in 1 contract

Samples: Working Interest Purchase and Sale Agreement (Cardinal Energy Group, Inc.)

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Preferential Rights. The Subject Properties are not subject to any preferential rights to purchase or rights of first refusal that were created during Seller’s period of ownership. To Seller’s knowledge, the Subject Properties are not subject to any preferential rights to purchase or rights of first refusal that were created prior to Seller’s period of ownership that would continue to be in effect on or after the Effective Date.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Lucas Energy, Inc.)

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