Sale of Assets Only. The transactions pursuant to this Agreement constitute only the sale and assignment by Seller to Purchaser of assets and not the sale of businesses. Purchaser is experienced in the operation of properties like the Assets and is familiar with the risks involved in owning and operating properties like the Assets, and is not relying on Seller to furnish Purchaser any information as to such risks.
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Samples: Sale and Purchase Agreement (Tesoro Petroleum Corp /New/), Sale and Purchase Agreement (Valero Energy Corp/Tx)
Sale of Assets Only. The transactions pursuant to this Agreement constitute only the sale and assignment by Seller to Purchaser of assets and not the sale of businesses. Purchaser is experienced in the operation of properties like the Assets and is familiar with the risks involved in owning and operating properties like the Assets, and is not relying on Seller to furnish Purchaser any information as to such risks.
Appears in 1 contract
Samples: Sale and Purchase Agreement (Valero Energy Corp/Tx)
Sale of Assets Only. The transactions pursuant to this Agreement constitute Transaction constitutes only the sale and assignment by Seller Sellers to Purchaser of assets and not the sale of businesses. Purchaser is experienced in the operation of properties like the Assets and is familiar with the risks involved in owning and operating properties like the Assets, and is not relying on Seller Sellers to furnish Purchaser any information as to such risks.
Appears in 1 contract
