Proprietary Seismic. Seller has obtained certain two-dimensional and three-dimensional seismic covering certain of the Assets (the “Proprietary Seismic”). Pursuant to Section 1.06 above, Seller is not selling and transferring to Buyer the Proprietary Seismic. However, at Closing Seller and Buyer shall execute a non-exclusive license in the form of Exhibit K (the “Seismic License”) pursuant to which Buyer will be provided copies of the Proprietary Seismic and granted certain rights to use it.
Appears in 4 contracts
Samples: Purchase and Sale Agreement, Purchase and Sale Agreement, Purchase and Sale Agreement (Bill Barrett Corp)
Proprietary Seismic. Seller has obtained certain two-dimensional and three-dimensional seismic covering certain of the Assets (the “Proprietary Seismic”). Pursuant to Section 1.06 1.03(h) above, Seller is not selling and transferring to Buyer the Proprietary Seismic. HoweverFor the avoidance of doubt, at Closing Seller and Buyer shall execute a the non-exclusive seismic license in the form of Exhibit K (the “Seismic License”) pursuant to which Buyer will that Seller and Encore Energy Partners Operating, LLC, executed on December 12, 2012 shall not be provided copies of the Proprietary Seismic and granted certain rights to use itaffected or otherwise modified by this Agreement.
Appears in 3 contracts
Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Bill Barrett Corp), Purchase and Sale Agreement (Vanguard Natural Resources, LLC)
