Defensible Title. Seller has, and will have at the Closing Date, Defensible Title to the Oil and Gas Interests. Each Seller represents as to itself only that it is transferring 100% of its interest in the Transferred Assets and that by, through and under it, no event has occurred and no conveyance has been made that would cause such Seller's interest in the Transferred Assets to be less than the Warranted Interest. Each Seller, as to itself only, represents and warrants that it owns the Warranted Interest; provided that the representation and warranty contained in this sentence shall terminate at Closing. Purchaser's exclusive remedy for any breach of the warranties set forth in this Section 3.8 shall be the remedy provided in Article VI.
Appears in 3 contracts
Sources: Asset Purchase Agreement (Benton Oil & Gas Co), Asset Purchase Agreement (Benton Oil & Gas Co), Asset Purchase Agreement (Benton Oil & Gas Co)