Chevron Agreement definition
Examples of Chevron Agreement in a sentence
As of the date of this Agreement, the Company has not received notice of any breach of the Chevron Agreement.
The Chevron Agreement, a true and correct copy of which is attached hereto as Exhibit A, is a legal, valid and binding obligation of the parties thereto and is in full force and effect.
The Seller has no knowledge of any matter which materially and adversely affects or may materially and adversely affect the operation, prospects or condition of the LLC or the LLC's interest in the Chevron Agreement which has not been disclosed to the Purchaser.
From and after the closing, O & G and San ▇▇▇▇▇▇▇ shall assume and perform their proportionate shares of the obligations arising under the Daybreak Leases, the Chevron Agreement and the overriding royalty agreement with ▇▇▇▇▇, et al.
The LLC has made all payments required to be made in connection with the Chevron Agreement, and has received all payments to which it is entitled under the Chevron Agreement.
The execution of this Agreement and consummation of the transactions contemplated hereby will not (i) violate the organizational documents of the LLC or, to the best of Seller's knowledge, any law, regulation or other restriction applicable to the LLC; or (ii) conflict with, result in a breach of, or cause a default under the Chevron Agreement or any other instrument, contract, license or other arrangement to which the LLC or a Member is a party or any of its assets are subject.
Neither party to the Chevron Agreement is in breach or default by any such party, and no event has occurred which with notice or lapse of time would constitute a breach or default, under the Chevron Agreement.
There are no actions, suits or proceedings pending (or, to the best of Seller's knowledge after due inquiry, threatened) which affect the business or operation of the LLC, the Chevron Agreement, any other property or assets of the LLC, the execution and delivery of this Agreement or the consummation of the transactions contemplated hereby.
The Seller shall promptly deliver, or cause to be delivered, to Purchaser any notices, payments or demands relating to the Chevron Agreement which they receive or become aware of after the Closing.
To the best of Seller's knowledge, the LLC has complied with all laws, rules and regulations relating to the Chevron Agreement, the carrying on of its business and the ownership of the property or assets of the LLC.