Common use of Certain Price Adjustments Clause in Contracts

Certain Price Adjustments. In the event that, as a part of the due diligence reviews provided for in Section 6 above, Asserted Defects are raised by Buyer and Seller is unable (or unwilling) to cure such Asserted Defects prior to Closing, or in the event that Seller or Buyer has asserted a Title Benefit, or in the event that Seller has elected (pursuant to Section 14) to treat an Oil and Gas Property affected by a casualty loss as if it was Property affected by an Asserted Defect, then:

Appears in 4 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Apollo Resources International Inc), Purchase and Sale Agreement (Imperial Petroleum Inc)

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