Delayed Adjustment. If at any time following the Closing Date, the amount of an item listed in any section of this Article 5 shall prove to be incorrect (whether as a result in an error in calculation or a lack of complete and accurate information as of the Closing), the party in whose favor the error was made shall promptly pay to the other party the sum necessary to correct such error upon receipt of proof of such error, provided that such proof is delivered to the party from whom payment is requested on or before one (1) year after Closing. The provisions of this Section 5.8 shall survive the Closing and not be merged therein.
Appears in 3 contracts
Samples: Contribution Agreement (Prudential Insurance Co of America), Contribution Agreement (Prudential Insurance Co of America), Purchase and Sale Agreement (Mack Cali Realty Corp)
Delayed Adjustment. If at any time following the Closing Date, the amount of an item listed in any section of this Article 5 shall prove to be incorrect (whether as a result in an error in calculation or a lack of complete and accurate information as of the Closing), the party in whose favor the error was made shall promptly pay to the other party the sum necessary to correct such error upon receipt of proof of such error, provided that such proof is delivered to the party from whom payment is requested on or before one (1) year after Closing. The provisions of this Section 5.8 5.5 shall survive the Closing and not be merged therein.
Appears in 2 contracts
Samples: Purchase and Sale Agreement (Omni Financial Services, Inc.), Purchase and Sale Agreement (Prudential Realty Acquisition Fund Ii Lp)
Delayed Adjustment. If at any time following the Closing Date, the amount of an item listed in any section of this Article ARTICLE 5 shall prove to be incorrect (whether as a result in an error in calculation or a lack of complete and accurate information as of the Closing), the party in whose favor the error was made shall promptly pay to the other party the sum necessary to correct such error upon receipt of proof of such error, provided that such proof is delivered to the party from whom payment is requested on or before one (1) year after Closing. The provisions of this Section SECTION 5.8 shall survive the Closing and not be merged therein.
Appears in 1 contract
Samples: Contribution Agreement (Beacon Capital Partners Inc)
Delayed Adjustment. If at any time following the Closing Date, the amount of an item listed in any section of this Article 5 shall prove to be incorrect (whether as a result in of an error in calculation or a lack of complete and accurate information as of the Closing), the party in whose favor the error was made shall promptly pay to the other party the sum necessary to correct such error upon receipt of proof of such error, provided that such proof is delivered to the party from whom payment is requested on or before one (1) year after ClosingMarch 31, 1998. The provisions of this Section 5.8 5.7 shall survive the Closing and not to be merged therein.
Appears in 1 contract
Delayed Adjustment. If at any time following the Closing Date, the amount of an item listed in any section of this Article 5 shall prove to be incorrect (whether as a result in an error in calculation or a lack of complete and accurate information as of the Closing), the party in whose favor the error was made shall promptly pay to the other party the sum necessary to correct such error upon receipt of proof of such error, provided that such proof is delivered to the party from whom payment is requested on or before one (1) year after Closing. The provisions of this Section 5.8 5.7 shall survive the Closing and not be merged therein.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Prudential Acquisition Fund I Lp)
