Common use of Recovery on Special Warranty Clause in Contracts

Recovery on Special Warranty. Prior to the expiration of the one (1) year period commencing as of the Closing Date (the “Survival Period”), Buyer shall furnish Seller a notice setting forth any matters which Buyer intends to assert as a breach of Seller’s special warranty in Section 11.1(b). Seller shall have a reasonable opportunity, but not the obligation, to cure any title claim asserted by Buyer pursuant to this Section 11.1(c). Buyer agrees to reasonably cooperate with any attempt by Seller to cure any such title claim.

Appears in 4 contracts

Samples: Purchase and Sale Agreement (Petroquest Energy Inc), Purchase and Sale Agreement (Petroquest Energy Inc), Purchase and Sale Agreement (Petroquest Energy Inc)

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