Common use of Vesting of Property Clause in Contracts

Vesting of Property. 5. Upon the delivery of a Receiver's Certificate to the Purchaser (or its nominee), substantially in the form attached as Schedule “A” hereto (the “Receiver’s Certificate”), subject only to approval of the transfer of applicable licenses, permits and approvals by the Saskatchewan Ministry of the Economy (the “Energy Regulator”), subject to legislation administered by the Energy Regulator, all of the Debtor’s right, title and interest in and to the Purchased Assets as described in the APA including those listed on Schedule “B” hereto shall vest absolutely in the Purchaser (or its nominee), as contemplated by the APA, free and clear of and from any and all security interests (whether contractual, statutory, registered or otherwise), hypothecs, caveats, interests, mortgages, trusts or deemed trusts (whether contractual, statutory, registered or otherwise), liens (whether contractual, statutory, registered or otherwise), encumbrances, executions, levies, charges (whether contractual, statutory, registered or otherwise), or other financial or monetary claims, assignments, actions, taxes (whether contractual, statutory, registered or otherwise), judgments, writs of execution, options, agreements, disputes, debts, debentures, easements, covenants, encumbrances or other rights, limitations or restrictions of any nature whatsoever including, without limitation, any rights or interests of any creditors of the Debtor, whether or not they have attached or been perfected, registered or filed and whether secured, unsecured, registered or otherwise and whether by payment, set off or otherwise, whether liquidated, unliquidated or contingent (collectively, the "Claims") including, without limiting the generality of the foregoing:

Vesting of Property. 5. Upon the delivery of a Receiver's Certificate to the Purchaser (or its nominee), substantially in the form attached as Schedule “A” hereto (the “Receiver’s Certificate”), subject only to approval of the transfer of applicable licenses, permits and approvals by the Saskatchewan Ministry of the Economy Alberta Energy Regulator (the “Energy Regulator”), subject to legislation administered by the Energy Regulator, all of the Debtor’s right, title and interest in and to the Purchased Assets as described in the APA including those listed on Schedule “B” hereto shall vest absolutely in the Purchaser (or its nominee), as contemplated by the APA, free and clear of and from any and all security interests (whether contractual, statutory, registered or otherwise), hypothecs, caveats, interests, mortgages, trusts or deemed trusts (whether contractual, statutory, registered or otherwise), liens (whether contractual, statutory, registered or otherwise), encumbrances, executions, levies, charges (whether contractual, statutory, registered or otherwise), or other financial or monetary claims, assignments, actions, taxes (whether contractual, statutory, registered or otherwise), judgments, writs of execution, options, agreements, disputes, debts, debentures, easements, covenants, encumbrances or other rights, limitations or restrictions of any nature whatsoever including, without limitation, any rights or interests of any creditors of the Debtor, whether or not they have attached or been perfected, registered or filed and whether secured, unsecured, registered or otherwise and whether by payment, set off or otherwise, whether liquidated, unliquidated or contingent (collectively, the "Claims") including, without limiting the generality of the foregoing:

Vesting of Property. 5. Upon the delivery of a Receiver's Certificate to the Purchaser (or its nominee), substantially in the form attached as Schedule “A” hereto (the “Receiver’s Certificate”), subject only to approval of the transfer of applicable licenses, permits and approvals by the Saskatchewan Ministry of Alberta Energy Regulator and the Economy British Columbia Oil and Gas Commission (together, the “Energy RegulatorRegulators”), subject to legislation administered by the Energy RegulatorRegulators, all of the Debtor’s right, title and interest in and to the Purchased Assets as described in the APA including those listed on Schedule “B” hereto shall vest absolutely in the Purchaser (or its nominee), as contemplated by the APA, free and clear of and from any and all security interests (whether contractual, statutory, registered or otherwise), hypothecs, caveats, interests, mortgages, trusts or deemed trusts (whether contractual, statutory, registered or otherwise), liens (whether contractual, statutory, registered or otherwise), encumbrances, executions, levies, charges (whether contractual, statutory, registered or otherwise), or other financial or monetary claims, assignments, actions, taxes (whether contractual, statutory, registered or otherwise), judgments, writs of execution, options, agreements, disputes, debts, debentures, easements, covenants, encumbrances or other rights, limitations or restrictions of any nature whatsoever including, without limitation, any rights or interests of any creditors of the Debtor, whether or not they have attached or been perfected, registered or filed and whether secured, unsecured, registered or otherwise and whether by payment, set off or otherwise, whether liquidated, unliquidated or contingent (collectively, the "Claims") including, without limiting the generality of the foregoing: