Examples of IPP Parties in a sentence
To the Knowledge of the IPP Parties, the aggregate fair market value of the Assets, excluding the Properties, Easements and Contracts, does not exceed $15,000,000.00.
At the Closing, Pure GP and the Partnership shall be qualified with all applicable Governmental Authorities to the extent necessary to manage and operate the Assets, except for qualifications to operate the Assets that are customarily obtained after the Closing, and qualifications which, if not obtained, would not, individually or in the aggregate, have a material adverse effect on the IPP Parties or the Partnership or the operation of the Assets as a whole.
To the Knowledge of the IPP Parties, the ownership and operation of the Assets have been, and the Assets are in conformity, in all material respects, with all applicable laws, and all applicable rules, regulations and orders of all Governmental Authorities having jurisdiction, including without limitation any laws, rules, regulations or orders pertaining to health, the environment, wastes or Hazardous Materials.
Except as set forth in Schedule 5.18, to the Knowledge of the IPP Parties, no oral contracts for drilling or completion operations, leasing, sales of Assets or individual expenditures in excess of $50,000.00 are currently in force and effect as of the date of this Agreement that relate to any of the Assets.
Licensor represents and warrants that the IPP Parties own or control the patents listed in Schedule A and have authorized Licensor to grant the license described herein.
The IPP Parties do not warrant or guarantee that the Partnership or Pure GP will become the operator of the Assets or any portion thereof, as such matter will be controlled by the applicable joint operating agreement(s).
To Knowledge of the IPP Parties, Schedule 2.04 contains a list of agreements relating to the geophysical data excluded under Section 2.03(b), that restrict the transfer of such data to the Partnership.
The IPP Parties are acquiring their respective Limited Partner Interests for their own account and not for distribution or resale in any manner that would violate any state or federal securities law, rule, regulation or order.
To the Knowledge of the IPP Parties, except as disclosed on Schedule 5.15, there exist no calls to purchase production or other similar rights or options to purchase production from the Properties which affect, individually or in the aggregate, in excess of 500 barrels of oil equivalents (converting gas to oil at 6 MMBtu/barrel) of production as of the date of this Agreement (net to an IPP Party's interest) per day.
If the IPP Parties have not obtained such consent or removed such restriction by the end of the Post Closing Consent Period, then the IPP Parties shall retain the affected Asset.