Common use of Closing Adjustments and Allocations Statement Clause in Contracts

Closing Adjustments and Allocations Statement. Not later than five (5) business days prior to the Closing Date, Seller shall prepare and deliver to Buyer a draft statement of the estimated Purchase Price Allocations and Adjustments with appropriate support (the “Settlement Statement”), which Statement shall be based upon the then most currently available data and information in order to make the adjustments as provided in Section 10.02. Any dispute with respect thereto shall be resolved prior to Closing. If the Parties cannot resolve any item, the Settlement Statement shall reflect Seller’s calculation of such item.

Appears in 4 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement, Purchase and Sale Agreement (Bill Barrett Corp)

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Closing Adjustments and Allocations Statement. Not later than five seven (57) business days prior to the Closing Date, Seller shall prepare and deliver to Buyer a draft statement of the estimated Purchase Price Allocations and Adjustments with appropriate support (the “Settlement Statement”), which Statement shall be based upon the then most currently available data and information in order to make the adjustments as provided in Section 10.02. Any dispute with respect thereto shall be resolved prior to Closing. If the Parties cannot resolve any item, the Settlement Statement shall reflect Seller’s calculation of such item.

Appears in 3 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Bill Barrett Corp), Purchase and Sale Agreement (Vanguard Natural Resources, LLC)

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Closing Adjustments and Allocations Statement. Not later than five (5) business days prior to the Closing Date, Seller shall prepare and deliver to Buyer a draft statement of the estimated Purchase Price Allocations and Adjustments with appropriate support (the “Settlement Statement”), which Settlement Statement shall be based upon the then most currently available data and information in order to make the adjustments as provided in Section 10.02. Any dispute with respect thereto shall be resolved prior to Closing. If the Parties Buyer and Seller cannot resolve any item, the Settlement Statement shall reflect Seller’s calculation of such item.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Bill Barrett Corp)

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