Calculating Adjustments Clause Samples

Calculating Adjustments. (A) No payment shall be made under this Section 0 in respect of any item to the extent that the Purchase Price has already been adjusted under Section 2.3 or Exhibit C – Accounting Adjustments in respect of that item. (B) All of the calculations to be made pursuant to this Section0 shall be made on an Accrual Basis and in accordance with accounting principles currently generally accepted in the oil and gas industry in the United States and such principles shall be consistently applied for the purposes of any and all disputes between the Parties. (C) Where responsibility for any liability or Asset has been allocated to a Party by adjustment to the Purchase Price under this Section 0 and Exhibit C – Chevron U.S.A. Inc./ ASPA GUG Asset Sale and Purchase Agreement Dom Ltr (Rev4 May 2009)) Accounting Adjustments, no indemnity shall operate so as to give a Party multiple credits or multiple liability for such Asset or liability or to reallocate responsibility for such liability.