Common use of No Additional Representations Or Warranties By Vendor Clause in Contracts

No Additional Representations Or Warranties By Vendor. The Vendors makes no representation or warranties to the Purchaser in addition to those expressly enumerated in Clauses 6.01 and 6.02. Except and to the extent provided in Clauses 6.01 and 6.02, the Vendors do not warrant title to the Assets or make representations or warranties with respect to: (a) the quantity, quality or recoverability of Petroleum Substances respecting the Lands; (b) any estimates of the value of the Assets or the revenues applicable to future production from the Lands; (c) any engineering, geological or other interpretations or economic evaluations respecting the Assets; (d) the rates of production of Petroleum Substances from the Lands; or (e) any environmental matters relating to the Assets. The Purchaser acknowledges that it has made its own independent investigation, analysis, evaluation, verification and inspection of the Vendors’ interests in the Assets and the state and condition thereof and that it has relied solely on such investigation, analysis, evaluation, verification and inspection as to its assessment of the condition (environmental or otherwise), quantum and value of the Assets.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Kodiak Energy, Inc.)

No Additional Representations Or Warranties By Vendor. A. The Vendors Vendor makes no representation representations or warranties to the Purchaser in addition to those expressly enumerated in Clauses 6.01 and 6.02Clause 7.01. Except and to the extent provided in Clauses 6.01 and 6.02Clause 7.01, the Vendors do Vendor does not warrant title to the Assets or make representations or warranties with respect to: (ai) the quantityquantity , quality or recoverability of Petroleum Substances respecting the Lands; ; (bii) any estimates of the value of the Assets or the revenues applicable to future production from the Lands; ; (c) any iii)any engineering, geological or other interpretations or economic evaluations respecting the Assets; ; (div) the rates of production of Petroleum Substances from the Lands; or (ev) any environmental matters relating to the quality, condition or serviceability of the Assets; or (vi) the suitability of the use of the Assets for any purpose. The Purchaser acknowledges that it has made its own independent investigation, analysis, evaluation, verification and inspection of the Vendors’ Vendor's interests in the Assets and the state and condition thereof and that it has relied solely on such investigation, analysis, evaluation, verification and inspection as to its assessment of the condition (environmental or otherwise), quantum and value of the Assets.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Promax Energy Inc)

No Additional Representations Or Warranties By Vendor. The Vendors Vendor makes no representation representations or warranties to the Purchaser in addition to those expressly enumerated in Clauses 6.01 and 6.02Clause 6.1. Except and to the extent provided in Clauses 6.01 and 6.02Clause 6.1, the Vendors do Vendor does not warrant title to the Assets or make representations or warranties with respect to: : (ai) the quantity, quality or recoverability of Petroleum Substances respecting the Lands; ; (bii) any estimates of the value of the Assets or the revenues applicable to future production from the Lands; ; (ciii) any engineering, geological or other interpretations or economic evaluations respecting the Assets; ; (div) the rates of production of Petroleum Substances from the Lands; or (ev) any environmental matters relating to the quality, condition or serviceability of the Assets; or (vi) the suitability of their use for any purpose. The Without restricting the generality of the foregoing, but subject always to Clause 6.3, the Purchaser acknowledges that it has made its own independent investigation, analysis, evaluation, verification evaluation and inspection of the Vendors’ Vendor's interests in the Assets and the state and condition thereof and that it has relied solely on such investigation, analysis, evaluation, verification evaluation and inspection as to its assessment of the condition (environmental or otherwise)condition, quantum and value of the Assets.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Geocan Energy Inc)