Common use of Integrated Transaction Clause in Contracts

Integrated Transaction. Each Party has entered into this Agreement in consideration of (a) the covenants and conditions set forth herein, the receipt and sufficiency of which are hereby acknowledged, and (b) the execution, delivery, and performance by various parties of the Purchase Agreement, the Services Agreement, the Pipeline Operating Agreement, and the other contracts and agreements among the parties contemplated therein and/or executed in connection therewith (collectively, the “Other Transaction Documents”). The Parties agree that no Party would have entered into this Agreement without the Other Transaction Documents; the consideration for entering into this Agreement forms part of the consideration for entering into the Other Transaction Documents; and if, in the event of the bankruptcy of any Party, this Agreement and the Other Transaction Documents are determined to be executory contracts, this Agreement and the other Transaction Documents must be rejected or assumed together.

Appears in 2 contracts

Sources: Gas Gathering Agreement, Gas Gathering Agreement (GMX Resources Inc)

Integrated Transaction. Each Party has entered into this Agreement in consideration of (a) the covenants and conditions set forth herein, the receipt and sufficiency of which are hereby acknowledged, and (b) the execution, delivery, and performance by various parties of the Purchase Agreement, the Services Agreement, the Pipeline Operating Gathering Agreement, and the other contracts and agreements among the parties contemplated therein and/or executed in connection therewith (collectively, the “Other Transaction Documents”). The Parties agree that no neither Party would have entered into this Agreement without the Other Transaction Documents; the consideration for entering into this Agreement forms part of the consideration for entering into the Other Transaction Documents; and if, in the event of the bankruptcy of any either Party, this Agreement and the Other Transaction Documents are determined to be executory contracts, this Agreement and the other Other Transaction Documents must be rejected or assumed together.

Appears in 1 contract

Sources: Pipeline Operating Agreement (GMX Resources Inc)