Common use of Waiver of Right of Rescission Clause in Contracts

Waiver of Right of Rescission. Seller and Buyer acknowledge that, following Closing, the payment of money, as limited by the terms of this Agreement, shall be adequate compensation for breach of any representation, warranty, covenant or agreement contained herein or for any other claim arising in connection with or with respect to the transactions contemplated by this Agreement. As the payment of money shall be adequate compensation, following the Closing, Buyer and Seller waive any right to rescind this Agreement or any of the transactions contemplated hereby.

Appears in 3 contracts

Samples: Purchase and Sale Agreement (Ultra Petroleum Corp), Restructuring Support Agreement (Ultra Petroleum Corp), Purchase and Sale Agreement

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Waiver of Right of Rescission. Seller and Buyer acknowledge that, following the Closing, the payment of money, as limited by the terms of this Agreement, shall be adequate compensation for breach breaches of any representation, warranty, covenant or agreement contained herein or in any document to be delivered pursuant to this Agreement or for any other claim claims arising in connection with or with respect to the transactions contemplated by this Agreement. As the payment of money shall be adequate compensation, following the Closing, Buyer and Seller waive any right to rescind this Agreement or any of the transactions contemplated hereby.

Appears in 2 contracts

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

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Waiver of Right of Rescission. Seller Sellers and Buyer Purchaser acknowledge that, following Closing, the payment of money, as limited by the terms of this Agreement, shall be adequate compensation for breach of any representation, warranty, covenant or agreement contained herein or for any other claim arising in connection with or with respect to this Agreement or the transactions contemplated by this Agreement. As the payment of money shall be adequate compensation, following the Closing, Buyer Purchaser and Seller Sellers waive any right to rescind this Agreement or any of the transactions contemplated hereby.

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (Carbon Energy Corp)

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