Calculation of Tax Liability. Consistent with Section 9.1, and based on the best current information available as of Closing, the proration of Taxes shall be made between the Parties as an adjustment to the Purchase Price pursuant to Section 2.4 and thereafter pursuant to the provision of Section 14.3.
Appears in 4 contracts
Samples: Purchase and Sale Agreement (Storm Cat Energy CORP), Purchase and Sale Agreement (Ausam Energy Corp), Purchase and Sale Agreement (Ausam Energy Corp)
Calculation of Tax Liability. Consistent with Section 9.18.1, and based on the best current information available as of Closing, the proration of Taxes shall be made between the Parties as an adjustment to the Purchase Price pursuant to Section 2.4 1.4 and thereafter pursuant from time to time as the provision of Section 14.3Parties agree.
Appears in 3 contracts
Samples: Purchase and Sale Agreement (American Oil & Gas Inc), Purchase and Sale Agreement (American Oil & Gas Inc), Purchase and Sale Agreement (Treaty Energy Corp)
Calculation of Tax Liability. Consistent with Section 9.1, and based on the best current information available as of Closing, the proration of Taxes shall be made between the Parties as an adjustment to the Purchase Price pursuant to Section 2.4 in the Settlement Statement and thereafter pursuant to the provision of Section 14.3.
Appears in 2 contracts
Samples: Purchase and Sale Agreement (Arete Industries Inc), Purchase and Sale Agreement (Arete Industries Inc)
Calculation of Tax Liability. Consistent with Section Article 9.1, and based on the best current information available as of Closing, the proration of Taxes shall be made between the Parties as an adjustment to the Purchase Price pursuant to Section 2.4 Article 2.3 and thereafter pursuant to the provision of Section Article 14.3.
Appears in 2 contracts
Samples: Purchase and Sale Agreement (Synergy Resources Corp), Purchase and Sale Agreement (Synergy Resources Corp)
Calculation of Tax Liability. Consistent with Section 9.1, and based on the best current information available as of Closing, the proration of Taxes shall be made between the Parties as an adjustment to the Purchase Price pursuant to Section Sections 2.4 and 13.1 and thereafter pursuant to the provision provisions of Section 14.313.3.
Appears in 1 contract
Calculation of Tax Liability. Consistent with Section 9.110.1, and based on the best current information available as of Closing, the proration of Taxes shall be made between the Parties as an adjustment to the Purchase Price pursuant to Section 2.4 3.4 and thereafter pursuant to the provision of Section 14.315.3. For purposes of Section 15.3, Taxes are to be considered part of the Property Expenses.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Magnum Hunter Resources Corp)
