Common use of Final Settlement Statement Clause in Contracts

Final Settlement Statement. Within thirty (30) days after Closing, Sellers will prepare a final settlement statement for the Purchased Assets containing a final reconciliation of the adjustments to the Purchase Price specified in Section 2.5(a) (the “Final Settlement Statement”). However, the failure of Sellers to complete the Final Settlement Statement within thirty (30) days after Closing will not constitute a waiver of any right to an adjustment otherwise due. Buyer will have thirty (30) days after receiving the Final Settlement Statement to provide Sellers with written exceptions to any items in the Final Settlement Statement that Buyer believes, in good faith, to be questionable. All items in the Final Settlement Statement to which Buyer does not except within the thirty (30) day review period will be deemed to be correct.

Appears in 1 contract

Samples: Asset Purchase Agreement (NGAS Resources Inc)

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Final Settlement Statement. Within thirty (30) 120 days after Closing, Sellers SELLER will prepare a final settlement statement for the Purchased Assets Property containing a final reconciliation of the adjustments to the Purchase Price specified in Section 2.5(a) 2.2 (the "Final Settlement Statement"). (However, the failure of Sellers SELLER to complete the Final Settlement Statement within thirty (30) 120 days after Closing will not constitute a waiver of any right to an adjustment otherwise due. Buyer .) BUYER will have thirty (30) 30 days after receiving the Final Settlement Statement to provide Sellers SELLER with written exceptions to any items in the Final Settlement Statement that Buyer believes, BUYER believes in good faith, faith to be questionable. All items in the Final Settlement Statement to which Buyer BUYER does not except within the thirty (30) -day review period will be deemed to be correct.

Appears in 1 contract

Samples: Share and Pipeline Purchase Agreement (Stone Energy Corp)

Final Settlement Statement. Within thirty ninety (3090) days after Closing, Sellers Seller will prepare a final settlement statement for the Purchased Assets Interests containing a final reconciliation of the adjustments to the Purchase Sale Price specified in Section 2.5(a) 2.1 (the “Final AFinal Settlement Statement”Statement@). However, the failure of Sellers Seller to complete the Final Settlement Statement within thirty (30) 90 days after Closing will not constitute a waiver of any right to an adjustment otherwise due. Buyer will have thirty (30) days after receiving the Final Settlement Statement to provide Sellers Seller with written exceptions to any items in the Final Settlement Statement that Buyer believes, believes in good faith, faith to be questionable. All items in the Final Settlement Statement to which Buyer does not except within the thirty (30) 30 day review period will be deemed to be correct.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Greka Energy Corp)

Final Settlement Statement. Within thirty (30) 120 days after Closing, Sellers SELLER will prepare a final settlement statement for the Purchased Assets Property containing a final reconciliation of the adjustments to the Purchase Price specified in Section 2.5(a) 2.2 (the “Final Settlement Statement”"FINAL SETTLEMENT STATEMENT"). However, the failure of Sellers SELLER to complete the Final Settlement Statement within thirty (30) 120 days after Closing will not constitute a waiver of any right to an adjustment otherwise due. Buyer PURCHASER will have thirty (30) 30 days after receiving the Final Settlement Statement to provide Sellers SELLER with written exceptions to any items in the Final Settlement Statement that Buyer believes, PURCHASER believes in good faith, faith to be questionable. All items in the Final Settlement Statement to which Buyer PURCHASER does not except take written exception within the thirty (30) -day review period will be deemed to be correct.

Appears in 1 contract

Samples: Purchase and Sale Agreement (High Plains Gas, Inc.)

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Final Settlement Statement. Within thirty one hundred twenty (30120) days after Closing, Sellers will prepare a final settlement statement for the Purchased Assets interests containing a final reconciliation of the adjustments to the Purchase Sale Price specified in Section 2.5(a) 2.1 and 2.2 (the “Final Settlement Statement”). However, the failure of Sellers to complete the Final Settlement Statement within thirty (30) days after Closing will not constitute a waiver of any right to an adjustment otherwise due. Buyer will have thirty (30) days after receiving the Final Settlement Statement to provide Sellers with written exceptions to any items in the Final Settlement Statement that Buyer believes, in good faith, to be questionable. All items in the Final Settlement Statement to which Buyer does not except within the thirty (30) 30 day review period will be deemed to be correct.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Mdu Resources Group Inc)

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