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)
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)
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)