PROPERTY BEING SOLD. Seller shall sell, transfer and convey to Buyer on the Closing Date (as hereinafter defined),
PROPERTY BEING SOLD. Subject to the terms and conditions of this Agreement, Seller agrees to sell and convey, and Buyer agrees to purchase and accept, the Subject Property for the Purchase Price as hereinafter set forth. Except as set forth in Section 1(b) below, the term “Subject Property” shall mean:
PROPERTY BEING SOLD. Subject to the terms and conditions of this Agreement, Seller agrees to sell and convey and Buyer agrees to purchase and accept the Property for the Purchase Price as defined hereinafter. The term “Property” (or within context “Properties”) means:
PROPERTY BEING SOLD. At Closing, as hereinafter defined, SELLER shall convey to BUYER the PROPERTY identified on Exhibit "A", including:
(a) All of SELLER'S rights, title and interest in and to the leasehold estate described in Exhibit "A", such lease being hereinafter called "said lease", represented to be no less than the working and net revenue interests set forth on such exhibit;
(b) All of SELLER'S fee interests, royalties, overriding royalties, production payments, rights to take royalties in kind, or other interests in production of oil, gas or other minerals in the lands described in Exhibit "A";
(c) All of SELLER'S rights, title and interest in and to all permits, franchises, licenses, servitudes, easements, surface leases and rights-of- way of every character relating to said lease;
(d) All of SELLER'S rights, title and interest in and to any contracts or agreements including, but not limited to, rights and interests in or derived from unit agreements, gas processing agreements, joint operating agreements, gas contracts, gas gathering agreements, gas balancing agreements, boundary or well line agreements, assignments of operating rights, working interest and subleases affecting said lease.
(e) All of SELLER'S rights, title and interest in and to producing, non-producing and shut-in oil and gas xxxxx, salt water disposal xxxxx, injection xxxxx and water xxxxx on said lease or lands pooled, unitized or communitized therewith; and
(f) All of SELLER'S rights, title and interest in and to all surface and down-hole equipment, fixtures, related inventory and other personal property used in connection with the PROPERTY described in paragraphs (a) through (e) above, excluding, however, all automobiles, trucks and communications equipment.
PROPERTY BEING SOLD. Subject to the terms and conditions set forth hereinafter, SELLER agrees to assign and convey to PURCHASER, and PURCHASER agrees to accept from Seller the interests and rights described below (collectively referred to herein as the “PROPERTY”). The conveyed PROPERTY is as follows:
(a) all of the rights, titles, and interests of Seller in and to the undivided oil and gas leasehold interests specified in EXHIBIT A attached hereto in and to the oil and gas leases also described more particularly on the attached EXHIBIT A (collectively, the "Leases"), whether developed or undeveloped, together with any and all other rights, titles, and interests of Seller in and to (a) the Leases and the leasehold estates created thereby subject to the terms, conditions, covenants, and obligations set forth in the Leases, and (b) the lands covered by the Leases or included in units with which the Leases may have been pooled or unitized (the "Lands"), including in each case, without limitation, fee interests, royalty interests, overriding royalty interests, production payments, net profits interests, carried interests, reversionary interests, and all other interests of any kind or character;
(b) all of the rights, titles, and interests of Seller in and to all xxxxx, including oil, gas, injection and water xxxxx located on the Leases and the Lands or on other leases or lands with which the Leases and/or the Lands may have been pooled (collectively, the "Xxxxx"), more particularly described on “EXHIBIT A-1” and all hydrocarbons produced there from or allocated thereto;
(c) all of the rights, titles, and interests of Seller in and to equipment, meter facilities and meters, materials and other personal property used or useful in connection with the exploration, production, gathering, storing, measuring, treating, operating, maintaining or marketing of production from any of the Leases (the "Equipment");
(d) all of the rights, titles, and interests of Seller in and to all contracts and contractual rights and obligations related to the Leases and Equipment, including without limitation, unitization, pooling and communitization agreements, surface leases, oil and gas leases and/or subleases and assignments, operating agreements, area of mutual interest agreements, easements, rights-of-way, gas sales contracts, production marketing agreements, farmouts and farmins, and all similar rights leased or owned by SELLER, whether of record or not (the "Contracts").
PROPERTY BEING SOLD. “As Is”: Prospective Purchaser acknowledges and agrees that the Property is being sold in an “as is” condition, without representation or warranty of any kind, expressed or implied, oral or written, concerning the Property or any matter related thereto, including, without limitation, zoning, availability of access or utilities, the presence and location of asbestos, PCB transformers, other toxic, hazardous or contaminated substances, or underground storage tanks (“Hazardous Materials”) in, on, or about the Property. Upon written consent by Seller, Prospective Purchaser shall be allowed to make reasonable independent investigations of the Property by its own experts, at its own expense. Prospective Purchaser expressly (a) disclaims any representations and/or warranties regarding the condition of the Property by Seller or SMMRE and any reliance thereon by Prospective Purchaser and (b) waives and releases any and all claims against Seller and SMMRE, of any kind or nature, whether in contract, tort, or otherwise, for failing to disclose to Prospective Purchaser any condition of the Property. Prospective Purchaser agrees to rely solely on its own independent investigation, analysis, appraisal and evaluation of the facts and circumstances concerning the Property in determining whether to purchase the Property.
PROPERTY BEING SOLD. Subject to the terms and conditions set forth hereinafter, SELLER agrees to convey to PURCHASER all of SELLER’s right, title and interest in the PROPERTY (as defined below) and PURCHASER agrees to accept the PROPERTY, and tender consideration therefore, in the manner and of the type and amount as required below.
PROPERTY BEING SOLD. Xxxxxx agrees to sell to Buyer, and Xxxxx agrees to buy from Seller the following property: Katahdin Art Project Memorial Edition.
PROPERTY BEING SOLD. Subject to the terms and conditions set forth hereinafter, Xxxx agrees to convey to Xxxxx the Property (as defined below) and Xxxxx agrees to accept the Property, and tender consideration therefor, in the manner and of the type and amount as hereinafter required. For purposes of this Agreement, Property shall mean all of Aera's right, title and interest in and to (i) the property and property interests described in Exhibit "A" hereto, and (ii) all property and property interests listed in subsections (a) through (i) of this section 1, to the extent such property or property interests are a part of, grant rights in, or with respect to, or are located on the property and property interests described in Exhibit "A"; but excluding the property in subsection (j).
PROPERTY BEING SOLD. Subject to the terms and conditions set forth hereinafter, PANACO agrees to convey to PURCHASER the PROPERTY (as defined below) and PURCHASER agrees to accept the PROPERTY, and tender consideration therefor, in the manner and of the type and amount as hereinafter required. For purposes of this AGREEMENT, PROPERTY shall mean all of PANACO's right, title and interest in and to (i) the property and property interests described in EXHIBIT "A' hereto and (ii) all property and property interests listed in subsections (a) through (h) of this section 1, to the extent such property or property interests are a part to grant rights in or with respect to, or are located on the property and property interests described in EXHIBIT "A"; but excluding the property in subsection (i).
