Common use of Waiver of upstream contractual rights Clause in Contracts

Waiver of upstream contractual rights. The Buyer unconditionally and irrevocably waives and must procure that each Sale Company waives, any rights, contractual or otherwise, that any Sale Company or the Buyer has or may have arising out of an agreement executed prior to the Completion Date, either now or in the future, in respect of any: Share Sale and Purchase Agreement | 29 (a) Petroleum (as defined in the Oil and Gas Act) produced from any licence area the subject of a licence issued under the Oil and Gas Act (excluding the PPFL), to which any InterOil Group Member or any joint venturer of any InterOil Group Member has any interest; and (b) other rights they may have in respect of the upstream oil and gas business and assets of any InterOil Group Member (other than any such assets subject to clause 8.6).

Waiver of upstream contractual rights. The Buyer unconditionally and irrevocably waives and must procure that each Sale the Company waives, any rights, contractual or otherwise, that any Sale the Company or the Buyer has or may have arising out of an agreement executed prior to the Completion Date, either now or in the future, in respect of any: Share Sale and Purchase Agreement | 29: (a) Petroleum (as defined in the Oil and Gas Act) produced from any licence area the subject of a licence issued under the Oil and Gas Act (excluding the PPFL), to which any InterOil Group Member or any joint venturer of any InterOil Group Member has any interest; and (b) other rights they may have in respect of the upstream oil and gas business and assets of any InterOil Group Member (other than any such assets subject to clause 8.68.5).