Examples of Assumed Xxxxxx in a sentence
Buyer shall use its commercially reasonable efforts to take, on or prior to the Closing, all steps necessary to effectuate the novation of the Assumed Xxxxxx to Buyer pursuant to the Novation Agreements (including entering into an ISDA Master Agreement with each Assumed Hedge Counterparty).
Subject to the provisions hereof, and subject to the occurrence of the Closing, Buyer shall be entitled to all of the rights of ownership attributable to the Assumed Xxxxxx and to the Assets (including the right to all production, proceeds of production and other proceeds), and shall be responsible for all Operating Expenses, in each case, from and after the Effective Time.
The aggregate purchase price for the RTP Assets, EAOC Assets and the Assumed Xxxxxx shall be Nine Hundred Million Dollars ($900,000,000.00) (the “Purchase Price”), adjusted in accordance with this Agreement and payable by Buyer to Range on behalf of Seller at Closing by wire transfer in same day funds to a bank account of Range (the details of which shall be provided by Range to Buyer in the Preliminary Settlement Statement).
Seller desires to sell and assign, and Buyer desires to purchase and pay for (a) the RTP Assets (as hereinafter defined), (b) the EAOC Assets (as hereinafter defined) and (c) the Assumed Xxxxxx (as hereinafter defined).
Buyer and Seller agree that the unadjusted Purchase Price shall be allocated among the Assets and the Assumed Xxxxxx as set forth in Exhibit X-0, Xxxxxxx X-0, Xxxxxxx X-0 or Schedule 1.1, as applicable.
Subject to the provisions hereof (including Section 3.3(a)(iii)), Seller shall be entitled to all of the rights of ownership attributable to the Assumed Xxxxxx and to the Assets (including the right to all production, proceeds of production and other proceeds) and shall remain responsible for all Operating Expenses, in each case, attributable to the period of time prior to the Effective Time.