Liquidated Charges. If the adjustment is based upon a lien, encumbrance, or other charge upon an Asset which is liquidated in amount or which can be estimated with reasonable certainty, then the adjustment shall be the sum necessary to be paid to the obligee to remove the encumbrance from the affected Asset.
Appears in 10 contracts
Samples: Purchase and Sale Agreement, Purchase and Sale Agreement, Purchase and Sale Agreement (Halcon Resources Corp)
Liquidated Charges. If the adjustment is based upon a lien, encumbrance, or other charge upon an Asset which is undisputed and liquidated in amount or which can be estimated with reasonable certainty, then the adjustment shall be the sum amount of money necessary to be paid to the obligee to remove the encumbrance Title Defect from the affected Asset.
Appears in 2 contracts
Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Pedevco Corp)
Liquidated Charges. If the adjustment is based upon a lien, encumbrance, or other charge upon an Asset Interest which is liquidated in amount or which can be estimated with reasonable certainty, then the adjustment shall be the sum necessary to be paid to the obligee to remove the encumbrance from the affected AssetInterest.
Appears in 2 contracts
Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Goodrich Petroleum Corp)
Liquidated Charges. If the adjustment is based upon a lien, encumbrance, or other charge upon an Asset a Well or Unit Lease which is liquidated in amount or which can be estimated with reasonable certainty, then the adjustment shall be the sum necessary to be paid to the obligee to remove the encumbrance from the affected AssetWell or Unit Lease.
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Liquidated Charges. If the adjustment is based upon a lien, encumbrance, or other charge upon an Asset which is liquidated in amount or which can be estimated with reasonable certainty, then the adjustment shall be the sum necessary to be paid to the obligee to remove the encumbrance from the affected Asset.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Three Rivers Operating Co Inc.)
Liquidated Charges. If the adjustment is based upon a lien, encumbrance, or other charge upon an Asset a Well or Lease which is liquidated in amount or which can be estimated with reasonable certainty, then the adjustment shall be the sum necessary to be paid to the obligee to remove the encumbrance from the affected AssetWell or Lease, but in no event will such adjustment exceed the Allocated Value of the affected Asset(s).
Appears in 1 contract
Samples: Purchase and Sale Agreement (Midstates Petroleum Company, Inc.)
Liquidated Charges. If the adjustment is based upon a lien, encumbranceEncumbrance, or other charge upon an Asset Inventory Location or Well which is liquidated in amount or which can be estimated with reasonable certainty, then the adjustment shall be the sum necessary to be paid to the obligee to remove the encumbrance Encumbrance from the affected AssetInventory Location or Well.
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