Waiver of Right to Rescind. Seller and Purchaser acknowledge that if this Agreement is not terminated and Closing occurs, the payment of money, as limited by the terms of this Agreement, shall be adequate compensation for breach of any representation, warranty, covenant or agreement contained herein or for any other claim arising in connection with or with respect to the transactions contemplated in this Agreement. As the payment of money shall be adequate compensation, Purchaser and Seller waive any right to rescind the transactions contemplated by this Agreement.
Appears in 1 contract
Sources: Purchase and Sale Agreement (Kelley Oil & Gas Corp)
Waiver of Right to Rescind. Seller Sellers and Purchaser acknowledge that if this Agreement is not terminated and Closing occurs, the payment of money, as limited by the terms of this Agreement, shall be adequate compensation for breach of any representation, warranty, covenant or agreement contained herein or for any other claim arising in connection with or with respect to the transactions contemplated in this Agreement. As the payment of money shall be adequate compensation, Purchaser and Seller Sellers waive any right to rescind the transactions contemplated by this Agreement.
Appears in 1 contract
Sources: Purchase and Sale Agreement (Questar Market Resources Inc)
Waiver of Right to Rescind. Seller and Purchaser Buyer acknowledge that if this Agreement is not terminated and Closing occurs, the payment of money, as limited by the terms of this Agreement, shall be adequate compensation for breach of any representation, warranty, covenant or agreement contained herein or for any other claim Claim arising in connection with or with respect to the transactions contemplated in this Agreement. As the payment of money shall be adequate compensation, Purchaser Buyer and Seller waive any right to rescind the transactions contemplated by this Agreement.
Appears in 1 contract
Waiver of Right to Rescind. Seller and Purchaser Buyer acknowledge that if this Agreement is not terminated and Closing occursthe transaction contemplated hereby is closed, the payment of money, as limited by the terms of this Agreement, shall be adequate compensation for breach of any representation, warranty, covenant or agreement contained herein or for any other claim arising in connection with or with respect to the transactions contemplated in this Agreement. As the payment of money shall be adequate compensation, Purchaser Buyer and Seller waive any right to rescind the transactions contemplated by this Agreement.
Appears in 1 contract
Sources: Purchase and Sale Agreement (Cotton Valley Resources Corp)