Common use of Closing Settlement Statement Clause in Contracts

Closing Settlement Statement. At least two (2) Business Days prior to Closing, Sellers shall provide Buyer with a closing settlement statement covering all adjustments, without duplication, to the Base Purchase Price to be made at Closing under this Agreement (the “Closing Settlement Statement”). To the extent available, actual numbers shall be used. If not available, Sellers shall use reasonable and good faith estimates of the same, which estimates shall be adjusted to take into account actual numbers in connection with the Final Settlement Statement described in Section 11.3 below. In preparing the Closing Settlement Statement Sellers shall have no obligation to make an accrual for revenues not received as of Closing.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Dynamic Offshore Resources, Inc.), Purchase and Sale Agreement (Dynamic Offshore Resources, Inc.)

AutoNDA by SimpleDocs

Closing Settlement Statement. At least two (2) Business Days prior to Closing, Sellers Seller shall provide Buyer with a closing settlement statement covering all adjustments, without duplication, to the Base Purchase Price to be made at Closing under this Agreement (the “Closing Settlement Statement”). To the extent available, actual numbers shall be used. If not available, Sellers Seller shall use reasonable and good faith estimates of the same, which estimates shall be adjusted to take into account actual numbers in connection with the Final Post-Closing Settlement Statement described in Section 11.3 below. In preparing the Closing Settlement Statement Sellers Seller shall have no obligation to make an accrual adjustment for revenues not received as of Closing.

Appears in 2 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Pedevco Corp)

Closing Settlement Statement. At least two three (23) Business Days prior to Closing, Sellers Seller shall provide Buyer with a closing settlement statement covering all adjustments, without duplication, to the Base Purchase Price to be made at Closing under this Agreement (the “Closing Settlement Statement”). To the extent available, actual numbers shall be used. If not available, Sellers Seller shall use reasonable and good faith estimates of the same, which estimates shall be adjusted to take into account actual numbers in connection with the Final Settlement Post Closing Statement described in Section 11.3 below. In preparing the Closing Settlement Statement Sellers Seller shall have no obligation to make an accrual for revenues not received as of Closing.

Appears in 2 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Magnum Hunter Resources Corp)

Closing Settlement Statement. At least two (2) Business Days prior to Closing, Sellers Seller shall provide Buyer with a closing settlement statement covering all adjustments, without duplication, to the Base Purchase Price to be made at Closing under this Agreement (the “Closing Settlement Statement”). To the extent available, actual numbers shall be used. If not available, Sellers Seller shall use reasonable and good faith estimates of the same, which estimates shall be adjusted to take into account actual numbers in connection with the Final Settlement Post Closing Statement described in Section 11.3 below. In preparing the Closing Settlement Statement Sellers Seller shall have no obligation to make an accrual for revenues not received as of Closing.

Appears in 2 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Mid-Con Energy Partners, LP)

Closing Settlement Statement. At least two Three (23) Business Days prior to Closing, Sellers Seller shall provide Buyer with a closing settlement statement covering all the adjustments, without duplication, to the Base Purchase Price to be made at Closing under this Agreement (the “Closing Settlement Statement”). To the extent available, actual numbers shall be used. If not available, Sellers Seller shall use reasonable and good faith estimates of the same, which estimates shall be adjusted to take into account actual numbers in connection with the Final Settlement Statement described in Section 11.3 below. In preparing the Closing Settlement Statement Sellers Statement, Seller shall have no obligation to make an accrual for revenues not received as of Closing.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Midstates Petroleum Company, Inc.)

AutoNDA by SimpleDocs

Closing Settlement Statement. At least two (2) Business Days prior to Closing, Sellers shall provide Buyer with a closing settlement statement covering all adjustments, without duplication, to the Base Purchase Price to be made at Closing under this Agreement Agreement, and taking into account the Deposit, and any interest or income earned thereon (the “Closing Settlement Statement”). To the extent available, actual numbers shall be used. If not available, Sellers shall use reasonable and good faith estimates of the same, which estimates shall be adjusted to take into account actual numbers in connection with the Final Settlement Statement described in Section 11.3 below. In preparing the Closing Settlement Statement Sellers Seller shall have no obligation to make an accrual for revenues not received as of Closing.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Three Rivers Operating Co Inc.)

Closing Settlement Statement. At least two (2) Business Days prior to Closing, Sellers Seller shall provide Buyer with a closing settlement statement covering all adjustments, without duplication, to the Base Purchase Price to be made at Closing under this Agreement (the “Closing Settlement Statement”). To the extent available, actual numbers shall be used. If not available, Sellers Seller shall use reasonable and good faith estimates of the same, which estimates shall be adjusted to take into account actual numbers in connection with the Final Post Closing Settlement Statement described in Section 11.3 below. In preparing the Closing Settlement Statement Sellers Seller shall have no obligation to make an accrual for revenues not received as of Closing.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Samson Holdings, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.