Sale and Purchase of the Interests. 2.1 2.1.1 Subject to the terms of this Agreement the Seller as legal and beneficial owner hereby agrees to sell and transfer the Interests to the Purchaser free from all Encumbrances save for the Limited Overriding Royalty Interest pursuant to and as defined in the Joint Operating Agreement for the Consideration and the Purchaser hereby agrees to purchase and acquire the Interests from the Seller.
Appears in 2 contracts
Sources: Sale and Purchase Agreement, Sale and Purchase Agreement (Atp Oil & Gas Corp)