Common use of CONDITIONS TO OBLIGATION OF PURCHASER TO CLOSE Clause in Contracts

CONDITIONS TO OBLIGATION OF PURCHASER TO CLOSE. The obligation of Purchaser to close the transaction contemplated hereby is subject to the satisfaction of the following conditions: A. Purchaser shall have the right to conduct such inspections and investigations of the Assets as Purchaser deems necessary. In the event that Purchaser, in its sole discretion, determines that the purchase contemplated herein is not in its best interest, Purchaser shall have the right to cancel this Agreement and this Agreement shall be null and void and of no further force or effect. B. It is agreed that Seller shall deliver marketable title to the Assets. Closing shall constitute Purchaser’s full approval and acceptance of title. It is agreed that Seller will provide to Purchaser all log reports, geological reports, production runs and other data and information in Seller’s possession.