Common use of INITIAL SETTLEMENT STATEMENT Clause in Contracts

INITIAL SETTLEMENT STATEMENT. Before Closing, Seller shall furnish ---------------------------- Buyer with a preliminary draft of the Settlement Statement, in accordance with Section 13.1. Buyer shall have the right to audit and request appropriate adjustments to the amounts reflected therein. Buyer shall furnish Seller with any comments, and adjustments or revisions Buyer believes are appropriate to conform the Settlement Statement to accurately reflect the best information available at Closing, and the Parties shall endeavor in good faith to reconcile the accounting issues and to produce as accurate a Settlement Statement as possible based upon the information available at Closing. Seller shall then furnish Buyer with the Settlement Statement, including any appropriate updates, adjustments or revisions, showing the Closing Settlement Price.

Appears in 3 contracts

Samples: Purchase Agreement (Eex Corp), Purchase Agreement (Eex Corp), Purchase Agreement (Eex Corp)

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INITIAL SETTLEMENT STATEMENT. Before Closing, Seller shall furnish ---------------------------- Buyer with a preliminary draft of the Settlement Statement, in accordance with Section 13.1. Buyer shall have the right to audit and request appropriate adjustments to the amounts reflected therein. Buyer shall furnish Seller with any comments, and adjustments or revisions Buyer believes are appropriate to conform the Settlement Statement to accurately reflect the best information available at Closing, and the Parties shall endeavor in good faith to reconcile the accounting issues and to produce as accurate a Settlement Statement as possible based upon the information available at Closing. Seller shall then furnish Buyer with the Settlement Statement, including any appropriate updates, adjustments or revisions, showing the Closing Settlement Price.

Appears in 2 contracts

Samples: Purchase Agreement (Tesoro Petroleum Corp /New/), Purchase Agreement (Tesoro Petroleum Corp /New/)

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