Common use of REVIEW AND INSPECTION OF THE ASSETS Clause in Contracts

REVIEW AND INSPECTION OF THE ASSETS. Prior to the Closing, Buyer shall have the right to perform due diligence review and inspection of the Assets. Seller shall make available, both before and after Closing, to Buyer all information and data relating to the Assets as they may have and as reasonably requested by Buyer, including, but not limited to the following (a) financial and accounting records; (b) production, engineering, geological and geophysical data and reports for the Leases; (c) copies of engineering, geological and geophysical studies, subject to any license and non-disclosure requirements; (d) copies of seismic data across any of the Leases (subject to any license restriction and non-disclosure requirements); (e) title records, including, but not limited to, copies of the Leases; (f) material and relevant information concerning pending litigation (excluding information subject to attorney-client or attorney work product privilege); (g) regulatory compliance; (h) contracts between Seller and third parties with regard to the Assets; and (i) all permits and licenses pertaining to the Assets. Nothing contained in this paragraph shall obligate Seller to take any action or expend any money to acquire anything for Buyer which Seller does not already have in its possession. Seller does not represent that it has all of the above referenced material in its possession, nor does Seller warrant the accuracy of any such material.

REVIEW AND INSPECTION OF THE ASSETS. Prior to the Closing, Buyer BUYER shall have the right to perform due diligence review and inspection of the Assets. Seller shall make available, both before and Immediately after Closing, SELLER shall transmit to Buyer BUYER all paperwork, information and data relating to the Assets as they may have in the possession of SELLER (and as reasonably requested by Buyer, to which SELLER has the right to possession) including, but not limited to to, the following following: (a) financial and accounting records; (b) production, engineering, geological and geophysical data and reports for the Leases; (c) copies of engineering, geological and geophysical studies, subject to any license and non-disclosure requirements; (d) copies of seismic data across any of the Leases (subject to any license restriction and non-disclosure requirements); (e) title records, including, but not limited to, copies of the Leases; (f) correspondence and material and relevant information concerning pending litigation (excluding information subject to attorney-client or attorney work product privilege)litigation; (g) regulatory compliancecompliance records; (h) contracts between Seller SELLER and third parties with regard to the Assets; and (i) all correspondence of any nature relating to the assets, including, without limitation, correspondence between SELLER and Operator and entities related to Operator, copies of correspondence between Operator and third-parties and correspondence of any nature between SELLER and any third party relating to the assets; (j) all permits and licenses pertaining to the Assets. Nothing contained in this paragraph shall obligate Seller SELLER to take any action or expend any money to acquire anything for Buyer BUYER which Seller SELLER does not already have in its possession. Seller SELLER does not represent that it has all of the above referenced material in its possession, nor does Seller warrant the accuracy of any such material.

REVIEW AND INSPECTION OF THE ASSETS. Prior to the Closing, Buyer shall have the right to perform complete its due diligence review and inspection of the AssetsAssets not later than January 7, 1997. Seller shall make available, both before and after Closing, available to Buyer all the following information and data relating to the Assets as they may have and as reasonably requested by BuyerAssets, including, but not limited to the following extent possessed by Seller: (a) financial and accounting records; (b) production, engineering, geological and geophysical data and reports for the Leases; (c) copies of engineering, geological and geophysical studies, subject to any license and non-disclosure requirements; (d) copies of seismic data across any of the Leases (subject to any license restriction and non-disclosure requirements); (e) title records, including, but not limited to, copies of the Leases, division orders, and contracts for the sale of production; (f) material and material, relevant information concerning pending litigation or threatened litigation (excluding information subject to attorney-client or attorney work product privilege); (g) regulatory compliance; (h) contracts between Seller and third parties with regard to the Assets; and (i) all permits and licenses pertaining to the Assets. Nothing contained in this paragraph shall obligate Seller to take any action or expend any money to acquire anything for Buyer which Seller does not already have in its possession. Seller does not represent that it has all of the above referenced material in its possession, nor does Seller warrant the accuracy of any such materialmaterial listed above.

REVIEW AND INSPECTION OF THE ASSETS. Prior to the Closing, Buyer shall have the right to perform due diligence review and inspection of the Assets. Seller shall make available, both before and after Closing, to Buyer all information and data relating to the Assets as they may have and as reasonably requested by Buyer, including, but not limited to the following (a) financial and accounting records; (b) production, engineering, geological and geophysical data and reports for the Leases; (c) copies of engineering, geological and geophysical studies, subject to any license and non-disclosure requirements; (d) copies of seismic data across any of the Leases (subject to any license restriction and non-disclosure requirements); (e) title records, including, but not limited to, copies of the Leases; (f) material and relevant information concerning pending litigation (excluding information subject to attorney-client or attorney work product privilege); (g) regulatory compliance; (h) contracts between Seller and third parties with regard to the Assets; and (i) all permits and licenses pertaining to the Assets. Nothing contained in this paragraph shall obligate Seller to take any action or expend any money to acquire anything for Buyer which Seller does not already have in its possession. Seller does not represent that it has all of the above referenced material in its possession, nor does Seller warrant the accuracy of any such material. Buyer agrees that the burden of due diligence to satisfy itself as to the status of these matters by other means if Seller does not possess the listed material shall be upon Buyer.

REVIEW AND INSPECTION OF THE ASSETS. Prior to the Closing, Buyer shall have the right rights to perform due diligence review and inspection of the Assets. Seller shall make availableavailable to Buyer, both before and after Closing, to Buyer all information and data relating to the Assets as they may have and as reasonably requested by Buyer, including, but not limited to the following following: (a) financial and accounting records; (b) production, engineering, geological and geophysical data and reports for the Leases; (c) copies of engineering, geological and geophysical studies, subject to any license and non-disclosure requirements; (d) copies of seismic data across any of the Leases (subject to any license restriction and non-disclosure requirements); (e) title records, including, but not limited to, copies of the Leases; (f) material and relevant information concerning pending litigation (excluding information subject to attorney-client or attorney work product privilege); (g) regulatory compliance; (h) contracts between Seller and third parties with regard to the AssetsAsset; and (i) all permits and licenses pertaining to the Assets. Nothing contained in this paragraph shall obligate Seller to take any action or expend any money to acquire anything for Buyer which Seller does not already have in its possession. Seller does not represent that it has all of the above referenced material in its possession, nor does Seller warrant the accuracy of any such material.

REVIEW AND INSPECTION OF THE ASSETS. Prior to the Closing, Buyer BUYER shall have the right to perform due diligence review and inspection of the Assets. Seller shall make available, both before and Immediately after Closing, SELLER shall transmit to Buyer BUYER all paperwork, information and data relating to the Assets as they may have in the possession of SELLER (and as reasonably requested by Buyer, to which SELLER has the right to possession) including, but not limited to the following following: (a) financial and accounting records; (b) production, engineering, geological and geophysical data and reports for the Leases; (c) copies of engineering, geological and geophysical studies, subject to any license and non-disclosure requirements; (d) copies of seismic data across any of the Leases (subject to any license restriction and non-disclosure requirements); (e) title records, including, but not limited to, copies of the Leases; (f) correspondence and material and relevant information concerning pending litigation (excluding information subject to attorney-client or attorney work product privilege)litigation; (g) regulatory compliancecompliance records; (h) contracts between Seller SELLER and third parties with regard to the Assets; and (i) all correspondence of any nature relating to the assets, including, without limitation, correspondence between SELLER and Operator and entities related to Operator, copies of correspondence between Operator and third-parties and correspondence of any nature between SELLER and any third party relating to the assets; (j) all permits and licenses pertaining to the Assets. Nothing contained in this paragraph shall obligate Seller SELLER to take any action or expend any money to acquire anything for Buyer BUYER which Seller SELLER does not already have in its possession. Seller SELLER does not represent that it has all of the above referenced material in its possession, nor does Seller warrant the accuracy of any such material.