Closing Settlement. In Massachusetts, Attorneys are primarily charged with the task of performing Real Estate Closings on behalf of a Lender & issuing an Attorney’s Certificate of Title to the Lender. M.G.L.Chapter 93 Section 70.
Closing Settlement. On the Closing Date (as defined below) and the Settlement Date (as defined below), respectively, the District will deliver or cause to be delivered the documents mentioned in Section 5 hereof at the offices of Xxxxxx & Xxxxxx LLP (“Special Counsel”) in Sacramento, California, or at such other place as shall have been mutually agreed upon by the Purchaser and the District.
Closing Settlement. (a) All property and ad valorem taxes, rentals, lease payments, utility charges, payments under or pursuant to the Assigned Contracts, Permits, prepaids and other items set forth on Schedule 2.4 attached hereto relating to a period of time both prior to and after the Effective Time will be prorated between the Buyers, on the one hand, and the Sellers, on the other hand, as of the Effective Time. The parties agree to settle amounts due regarding such proration at the Closing;
Closing Settlement. This Agreement shall become effective and binding upon the delivery of counterpart signature pages of this Agreement. In consideration of and in express reliance upon the representations, warranties and covenants contained in, and upon the terms and subject to the conditions of, this Agreement, during the Investment Period, the Company, at its sole option and discretion, may issue and sell to the Investor, and, if the Company elects to so issue and sell, the Investor shall purchase from the Company, the Shares in respect of each VWAP Purchase (as defined below). The delivery of Shares in respect of each VWAP Purchase, and the payment for such Shares, shall occur in accordance with Section 3.2, provided that all of the conditions precedent in Article VII shall have been fulfilled at the applicable times set forth in Article VII.
Closing Settlement. As soon as practicable, but not more than ninety (90) days following the date of the Closing (the "Closing Date"), HHOC shall provide to Purchaser a settlement statement (the "Settlement Statement"), subject to audit and verification by Purchaser which sets forth an accounting, prepared separately by well for each of the wellx xxxcribed in Exhibit "A" or Exhibit "A-1" hereto and for each related pipeline and for each Seller, of the portion of the Purchase Price allocable to such Seller and increases and decreases thereto pursuant to the provisions of Section 4(a) and Section 4(b)
Closing Settlement. All revenues attributable to production from the Properties after the Effective Date and received by Seller after closing shall be remitted to Purchaser within ten (10) days of receipt. Any operating expenses that were incurred from the Properties after the effective date, but for which invoices were not received until on or after closing shall be forwarded to Purchaser within five (5) days after receipt of such information. Purchaser shall have, at its election and expense, at any time within one (1) year from the date of closing, the right to audit the books and records of Seller to verify the accuracy of revenues and expenses which are allocated at closing and/or remitted post-closing. During this period, Seller agrees to furnish copies of appropriate documentation of such revenues and expenses or, at Seller's election, to make originals of the books and records available at Seller's place of business. If any errors in the revenues and expenses allocated are determined, then such errors shall be promptly rectified by Purchaser or Seller, whichever is the applicable party.
Closing Settlement. On the Closing Date, the Company shall provide to the Reinsurer with a completed report in the form of Exhibit K, but which shall contain information covering the period from the Effective Date up to and including the Closing Date (“the Closing Settlement Report”). Amount due under the Closing Settlement Report shall be paid on the Closing Date or such later time as the Parties may agree.
Closing Settlement. Within sixty (60) business days after Closing, SLOPI and its Affiliates shall make a final post-closing settlement to account for all revenues, expenditures, accruals for taxes described in Section 9.10(a)(3) of the Agreement and other obligations associated with the period starting with 1/1/98 and inclusive through the Effective Time to insure the division of economic benefits and burdens as contemplated under these true-up accounting principles. SLOPI and its Affiliates shall provide TMR with access to the post closing settlement calculation and the work papers related thereto. If after such 60 business day period, TMR shall have an objection to the calculation of the post closing settlement, then the parties shall attempt to resolve such dispute over the 15 business day period following the delivery of the post closing statement. If no objections are made during such 15 business day period, the applicable party shall pay the other party in cash the net amount owed pursuant to the post closing settlement, and if there is a dispute, the net amount of any undisputed amounts. If disputes with respect to the final settlement cannot be resolved within the 15 business day period, then either party with notice to the other party may submit the matters in dispute to Arthur Andersen & Co. or such other nationally recognized independent xxxxxxtxxx xxxx as may be approved by the parties, which firm shall render an opinion on such disputed matters. Within five days of the delivery of such opinion, the amounts owed as determined by such accounting firm shall be paid in cash by the owing party to the other party. ACCOUNTING INFORMATION TO BE PROVIDED TO SLOPI BY TMR TMR shall provide SLOPI financial information necessary for SLOPI to recognize and disclose its interest in TMR in accordance with SEC requirements. This will include access to information necessary to convert TMR's financial records to successful efforts accounting and the costs of conversion from full cost to successful efforts shall be borne by SLOPI. For the 10-Q reporting periods ending March 31, June 20 and September 30 of each year, TMR shall provide such information on or about the 30th day following the end of the applicable period, absent special circumstances in which case it will be provided as soon as practicable, but in no event later than the 40th day following the end of the applicable period. For calendar year periods, TMR shall provide such information on or about the 60th day following t...
Closing Settlement. 14 (c) Interim Accounting, Payment and Collection Services . . . . . . . . . . . . . . . . . . . . . . . . 14 16. TAXES, COSTS, AND FEES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 (a)
Closing Settlement. At Closing, SHELL shall pay to PLAINS a Closing Settlement herein defined as the sum of $1,060,483.00 which reflects the mutually agreed upon net cash flow before tax generated by the SHELL Property between April 1, 1997 and October 31, 1997. Notwithstanding the above, the net cash flow before tax generated by the SHELL Property excludes the costs and expenses associated with the projects described in section 25(p) and 25(q) herein. Both SHELL and PLAINS agree that the Closing Settlement sum contained in this section 15(b) shall also serve as the entire Closing Settlement between the Parties, and no post-closing settlement will be provided for herein.
