Representations and Warranties of WI Owners. Each of the WI Owners, severally and not jointly, hereby represents and warrants to Concho Resources and the Concho Holdings Stockholders as follows:
Representations and Warranties of WI Owners. As a principal cause and material inducement to Assignees to execute this Agreement and the NPI Conveyances and to consummate the transactions described herein and therein, WI Owners have made the representations and warranties set forth below. The representations and warranties set forth in this Section 3.1 are made as of the date of execution of this Agreement and the Initial NPI Conveyance and shall be deemed to be made again as of the date of execution of the Supplemental NPI Conveyance. Unless expressly provided to the contrary, representations and warranties made herein with respect to the Subject Interests (i) as of the date of execution of this Agreement and the Initial NPI Conveyance, refer to the Initial Subject Interests, subject to the matters disclosed in the Schedules to this Agreement, and (ii) as of the date of execution of the Supplemental NPI Conveyance, refer to the Supplemental Subject Interests, subject to the matters disclosed in such Schedules as modified by the Parties with respect thereto. Subject to the forgoing, WI Owners hereby represent and warrant to Assignees, as follows:
