Common use of Alleged Adverse Conditions Clause in Contracts

Alleged Adverse Conditions. As soon as reasonably practical (and on an ongoing basis), but no later than one hundred twenty (120) Days after the Closing Date (the “Adverse Condition Diligence Review Deadline”), Buyer shall notify Seller of any conditions that might constitute Alleged Adverse Conditions. Buyer’s notice of such conditions must include (i) a description of each individual condition to which Buyer takes exception (including any and all supporting documentation) and (ii) an estimate of the costs Buyer in good faith attributes to bringing such condition into compliance with applicable Environmental Laws. Seller and Buyer shall meet from time to time to attempt to agree on a resolution of Alleged Adverse Conditions.

Appears in 3 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Apache Corp), Purchase and Sale Agreement (Apache Corp)

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Alleged Adverse Conditions. As soon as reasonably practical (and on an ongoing basis), but no later than one hundred twenty (120) Days after the Closing Date (the “Adverse Condition Diligence Review Deadline”), Buyer shall notify Seller of any conditions that might constitute Alleged Adverse Conditions. Buyer’s notice of such conditions must include (i) a description of each individual condition to which Buyer takes exception (including any and all supporting documentation) and (ii) an estimate of the costs Buyer in good faith attributes to bringing such condition into compliance with applicable Environmental Laws. Seller and Buyer Xxxxx shall meet from time to time to attempt to agree on a resolution of Alleged Adverse Conditions.

Appears in 1 contract

Samples: Purchase and Sale Agreement

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Alleged Adverse Conditions. (a) As soon as reasonably practical practicable (and on an ongoing basis), but no later than one hundred twenty (120) Days after the Advance Closing Date (the “Adverse Condition Conditions Diligence Review Deadline”), Buyer shall notify Seller of any conditions that might constitute Alleged Adverse Conditions. Buyer’s notice of such conditions must include (i) a description of each individual condition to which Buyer takes exception (including any and all supporting documentation) and (ii) an estimate of the costs Buyer in good faith attributes to bringing bring such condition into compliance with applicable Environmental Laws. Seller and Buyer shall meet from time to time-to-time to attempt to agree on a resolution of Alleged Adverse Conditions.

Appears in 1 contract

Samples: Partnership Interest and Share Purchase and Sale Agreement (Apache Corp)

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