Common use of Reserved Interests Clause in Contracts

Reserved Interests. Notwithstanding any provision of this Agreement to the contrary, Sellers reserve and retain (i) Sellers' corporate, financial, tax and legal records and its other business records; (ii) cash, bank accounts, letters of credit, travel letter accounts and prepaid insurance; (iii) the management information systems and other intellectual property rights of Sellers used by Sellers in the management and administration of its business; (iv) all claims that Sellers may have under any policy of insurance, indemnity or bond maintained by Sellers other than claims relating to property damage or casualty loss affecting the Interests occurring between the Effective Time and Closing (which claims shall be included in the Interests); (v) all accounts receivable, trade credits or notes receivable accrued before the Effective Time; (vi) any files or records that Sellers are contractually or otherwise obligated not to disclose to Buyer; (vii) all claims and causes of action arising from acts, omissions or events, or damage or destruction of property occurring prior to the Effective Time; (viii) engineering studies or reserve reports relating to the Interests; (ix) all interests and rights not included in the definition of the Interests (the "Reserved Interests").

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Delta Petroleum Corp/Co), Purchase and Sale Agreement (Castle Energy Corp)

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Reserved Interests. Notwithstanding any provision of this Agreement to the contrary, Sellers reserve Seller reserves and retain retains (i) Sellers' Seller's corporate, financial, tax and legal records and its other business records; (ii) cash, bank accounts, letters of credit, travel letter accounts and prepaid insurance; (iii) the management information systems and other intellectual property rights of Sellers Seller used by Sellers Seller in the management and administration of its business; (iv) all claims that Sellers Seller may have under any policy of insurance, indemnity or bond maintained by Sellers Seller other than claims relating to property damage or casualty loss affecting the Interests occurring between the Effective Time and Closing (which claims shall be included in the Interests); (v) all accounts receivable, trade credits or notes receivable accrued before the Effective Time; (vi) any files or records that Sellers are Seller is contractually or otherwise obligated not to disclose to Buyer; (vii) all claims and causes of action arising from acts, omissions or events, or damage or destruction of property occurring prior to the Effective Time; and (viii) engineering studies or reserve reports relating to the Interests; (ix) all interests and rights not specifically included in the definition of the Interests (the "Reserved Interests").

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Delta Petroleum Corp/Co), Purchase and Sale Agreement (Delta Petroleum Corp/Co)

Reserved Interests. Notwithstanding any provision of this Agreement to the contrary, Sellers reserve and retain (i) Sellers' corporate, financial, tax and legal records and its other business records; (ii) cash, bank accounts, letters of credit, travel letter accounts and prepaid insurance; (iii) the management information systems systems, accounting software and other intellectual property rights of Sellers used by Sellers in the management and administration of its businesstheir businesses; (iv) all claims that Sellers may have under any policy of insurance, indemnity or bond maintained by Sellers other than claims relating to property damage or casualty loss affecting the Interests occurring between the Effective Time and Closing (which claims shall be included in the Interests); (v) all accounts receivable, trade credits or notes receivable accrued before the Effective Timerelating to transactions processed by Seller prior to Closing; (vi) any files or records that Sellers are contractually or otherwise obligated not to disclose to BuyerBuyers; (vii) all claims and causes of action arising from acts, omissions or events, or damage or destruction of property occurring prior to the Effective Time; (viii) engineering studies or reserve reports relating to the Interests; (ix) all interests and rights not included in the definition of the Interests (the "Reserved Interests").

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Delta Petroleum Corp/Co), Purchase and Sale Agreement (Castle Energy Corp)

Reserved Interests. Notwithstanding any provision of this Agreement to the contrary, Sellers reserve Seller reserves and retain retains (i) Sellers' Seller's corporate, financial, tax and legal records and its other business records; (ii) cash, bank accounts, letters of credit, travel letter accounts and prepaid insurance; (iii) the management information systems systems, accounting software and other intellectual property rights of Sellers Seller used by Sellers Seller in the management and administration of its businesstheir businesses; (iv) all claims that Sellers Seller may have under any policy of insurance, indemnity or bond maintained by Sellers Seller other than claims relating to property damage or casualty loss affecting the Interests occurring between the Effective Time and Closing (which claims shall be included in the Interests); (v) all accounts receivable, trade credits or notes receivable accrued before the Effective Timerelating to transactions processed by Seller prior to Closing; (vi) any files or records that Sellers Seller are contractually or otherwise obligated not to disclose to Buyer; (vii) all claims and causes of action arising from acts, omissions or events, or damage or destruction of property occurring prior to the Effective Time; (viii) engineering studies or reserve reports relating to the Interests; and (ix) all interests and rights not included in the definition of the Interests (the "Reserved Interests").

Appears in 1 contract

Samples: Purchase and Sale Agreement (Castle Energy Corp)

Reserved Interests. Notwithstanding any provision of this Agreement to the contrary, Sellers reserve Seller reserves and retain retains (i) Sellers' Seller's corporate, financial, tax and legal records and its other business records; (ii) cash, bank accounts, letters of credit, travel letter accounts and prepaid insurance; (iii) the management information systems and other intellectual property rights of Sellers Seller used by Sellers Seller in the management and administration of its business; (iv) all claims that Sellers Seller may have under any policy of insurance, indemnity or bond maintained by Sellers Seller other than claims relating to property damage or casualty loss affecting the Interests occurring between the Effective Time and Closing (which claims shall be included in the Interests); (v) all accounts receivable, trade credits or notes receivable accrued before the Effective Time; (vi) any files or records that Sellers are Seller is contractually or otherwise obligated not to disclose to Buyer; (vii) all claims and causes of action arising from acts, omissions or events, or damage or destruction of property occurring prior to the Effective Time; (viii) engineering studies or reserve reports relating to the Interests; (ix) all interests and rights not included in the definition of the Interests (the "Reserved Interests").

Appears in 1 contract

Samples: Purchase and Sale Agreement (Castle Energy Corp)

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Reserved Interests. Notwithstanding any provision of this Agreement to the contrary, Sellers reserve Seller reserves and retain retains (i) Sellers' Seller's corporate, financial, tax and legal records and its other business records; (ii) cash, bank accounts, letters of credit, travel letter accounts and prepaid insurance; (iii) the management information systems systems, accounting software and other intellectual property rights of Sellers Seller used by Sellers Seller in the management and administration of its business; (iv) all claims that Sellers Seller may have under any policy of insurance, indemnity or bond maintained by Sellers Seller other than claims relating to property damage or casualty loss affecting the Interests occurring between the Effective Time and Closing (which claims shall be included in the Interests); (v) all accounts receivable, trade credits or notes receivable accrued before relating to transactions processed by Seller prior to the Effective Time; (vi) any files or records that Sellers are Seller is contractually or otherwise obligated not to disclose to Buyer; (vii) all claims and causes of action arising from acts, omissions or events, or damage or destruction of property occurring prior to the Effective Time; (viii) engineering studies or reserve reports relating to the Interests; and (ix) all interests and rights not included in the definition of the Interests (the "Reserved Interests").

Appears in 1 contract

Samples: Purchase and Sale Agreement (Delta Petroleum Corp/Co)

Reserved Interests. Notwithstanding any provision of this Agreement to the contrary, Sellers reserve Seller reserves and retain retains (i) Sellers' Seller's corporate, financial, tax and legal records and its other business records; (ii) cash, bank accounts, letters of credit, travel letter accounts and prepaid insurance; (iii) the management information systems and other intellectual property rights of Sellers Seller used by Sellers Seller in the management and administration of its business; (iv) all claims that Sellers Seller may have under any policy of insurance, indemnity or bond maintained by Sellers Seller other than claims relating to property damage or casualty loss affecting the Interests occurring between the Effective Time and Closing (which claims shall be included in the Interests); (v) all accounts receivable, trade credits or notes receivable accrued before the Effective Time; (vi) any files or records that Sellers are Seller is contractually or otherwise obligated not to disclose to Buyer; (vii) all claims and causes of action arising from acts, omissions or events, or damage or destruction of property occurring prior to the Effective Time; (viii) engineering studies or reserve reports relating to the Interests; (ix) utility deposits or utility co-op shares; and (x) all interests and rights not specifically included in the definition of the Interests (the "Reserved Interests").

Appears in 1 contract

Samples: Purchase and Sale Agreement (Delta Petroleum Corp/Co)

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