Common use of Violations and Defaults Clause in Contracts

Violations and Defaults. To Sellers’ knowledge, Sellers are not in violation of, or in default in any material respect under, and no event has occurred that (with notice or the lapse of time or both) could constitute a violation of or default under (i) any applicable law, rule, regulation, ordinance, order, writ, decree or judgment of any Governmental Authority related to any of the Assets, including without limitation any Environmental Laws, or (ii) any Lease, Easement, Permit or Contract.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Everflow Eastern Partners Lp), Purchase and Sale Agreement (Everflow Eastern Partners Lp)

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Violations and Defaults. To Sellers’ knowledge, Sellers are Seller is not in violation of, or in default in any material respect under, and no event has occurred that (with notice or the lapse of time or both) could constitute a violation of or default under (i) any applicable law, rule, regulation, ordinance, order, writ, decree or judgment of any Governmental Authority related to any of the Leases or other Assets, including without limitation any Environmental Laws, or (ii) any Lease, Easement, Permit or Contract.

Appears in 2 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Lucas Energy, Inc.)

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Violations and Defaults. To Sellers’ knowledgeExcept as set forth in Schedule 5.08 attached hereto, Sellers are Seller is not in violation of, or in default in any material respect under, and no event has occurred that (with notice or the lapse of time or both) could constitute a violation of or default under (i) any applicable law, rule, regulation, ordinance, order, writ, decree or judgment of any Governmental Authority related to any of the Assets, including without limitation any Environmental Laws, or (ii) any Lease, Easement, Permit or Contract.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Concho Resources Inc)

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