Common use of Allocation of Adjustments Clause in Contracts

Allocation of Adjustments. If an amount is charged to the Vendor Account under clause 7, it shall be treated as a negative adjustment to the Purchase Price and if an amount is charged to the Purchaser Account under clause 7, it shall be treated as a positive adjustment to the Purchase Price. Such amounts shall be paid by the relevant party in accordance with clause 7.3.

Appears in 2 contracts

Samples: Asset Transfer Agreement (Pacific Asia Petroleum Inc), Asset Transfer Agreement (Pacific Asia Petroleum Inc)

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Allocation of Adjustments. If an amount is charged to the Vendor Account under clause 77.1, it shall be treated as a negative adjustment to the Purchase Price and if an amount is charged to the Purchaser Account under clause 77.1, it shall be treated as a Asset Transfer Agreement positive adjustment to the Purchase Price. Such amounts shall be paid by the relevant party in accordance with clause 7.37.2.

Appears in 2 contracts

Samples: Asset Transfer Agreement, Asset Transfer Agreement (Pacific Asia Petroleum Inc)

Allocation of Adjustments. If an amount is charged to the Vendor Account under clause 7, it shall be treated as a negative adjustment to the Purchase Price and if an amount is charged to the Purchaser Account under clause 7, it shall be treated as a Asset Transfer Agreement positive adjustment to the Purchase Price. Such amounts shall be paid by the relevant party in accordance with clause 7.3.

Appears in 1 contract

Samples: Asset Transfer Agreement (Pacific Asia Petroleum Inc)

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Allocation of Adjustments. If an amount is charged to the Vendor Account under clause 77.1, it shall be treated as a negative adjustment to the Purchase Price and if an amount is charged to the Purchaser Account under clause 77.1, it shall be treated as a positive adjustment to the Purchase Price. Such amounts shall be paid by the relevant party in accordance with clause 7.37.2.

Appears in 1 contract

Samples: Asset Transfer Agreement (Pacific Asia Petroleum Inc)

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