Common use of Acquisitions and Divestitures Clause in Contracts

Acquisitions and Divestitures. Identification of, and, with respect to Material Decisions, making of recommendations to Board of Directors and the Bankruptcy Court with respect to acquisition or disposition of existing or hereafter acquired properties of TransTexas, including, but not limited to, lease purchases, acreage trades, farm out, and farmins, and other arrangements relating to the acquisition or disposition of properties;