Common use of Payment and Calculation of Estimated Final Purchase Price; Payment at Closing Clause in Contracts

Payment and Calculation of Estimated Final Purchase Price; Payment at Closing. (a) Seller shall prepare and deliver to Purchaser, at least five “Business Days” (which term shall mean any day except a Saturday, Sunday or other day on which commercial banks in New York, New York are required or authorized by law to be closed) prior to the Closing Date, Seller’s estimate of the Final Purchase Price to be paid at Closing, (such estimated Final Purchase Price being herein referred to as the “Estimated Final Purchase Price”), together with a statement setting forth Seller’s estimate of the amount of each adjustment to the Preliminary Purchase Price to be made pursuant to Section 2.4. The parties shall negotiate in good faith and attempt to agree on such estimated adjustments prior to Closing. (b) At Closing, Purchaser shall pay to Seller the Estimated Final Purchase Price determined as set forth in this Section 2.5(a) less an amount equal to the Performance Deposit plus any interest earned thereon.

Appears in 2 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Forest Oil Corp)

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Payment and Calculation of Estimated Final Purchase Price; Payment at Closing. (a) Seller shall prepare and deliver to Purchaser, at least five “Business Days” (which term shall mean any day except a Saturday, Sunday or other day on which commercial banks in New York, New York are required or authorized by law to be closed) prior to the Closing Date, Seller’s estimate of the Final Purchase Price to be paid at Closing, (such estimated Final Purchase Price being herein referred to as the “Estimated Final Purchase Price”), together with a statement setting forth Seller’s estimate of the amount of each adjustment to the Preliminary Purchase Price to be made pursuant to Section 2.4. The parties shall negotiate in good faith and attempt to agree on such estimated adjustments prior to Closing. (b) At Closing, Purchaser shall pay to Seller the Estimated Final Purchase Price determined as set forth in this Section 2.5(a) less an amount equal to the Performance Deposit plus any interest earned thereon.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Forest Oil Corp), Purchase and Sale Agreement (Sandridge Energy Inc)

Payment and Calculation of Estimated Final Purchase Price; Payment at Closing. (a) Seller shall prepare and deliver to Purchaser, at least five "Business Days" (which term shall mean any day except a Saturday, Sunday or other day on which commercial banks in New York, New York are required or authorized by law to be closed) prior to the Closing Date, Seller’s 's estimate of the Final Purchase Price to be paid at Closing, based upon the best information reasonably available to Seller, (such estimated Final Purchase Price being herein referred to as the "Estimated Final Purchase Price"), together with a statement setting forth Seller’s 's estimate of the amount of each adjustment to the Preliminary Purchase Price to be made pursuant to Section 2.4. The parties shall negotiate in good faith and attempt to agree on such estimated adjustments prior to Closing. (b) At Closing, Purchaser shall pay to Seller the Estimated Final Purchase Price determined as set forth in this Section 2.5(a) less an amount equal to the Performance Deposit plus any without interest earned thereon.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Linn Energy, LLC)

Payment and Calculation of Estimated Final Purchase Price; Payment at Closing. (a) Seller shall prepare and deliver to Purchaser, at least five “Business Days” (which term shall mean any day except a Saturday, Sunday or other day on which commercial banks in New York, New York are required or authorized by law to be closed) prior to the Closing Date, Seller’s estimate of the Final Purchase Price to be paid at Closing, based upon the best information reasonably available to Seller, (such estimated Final Purchase Price being herein referred to as the “Estimated Final Purchase Price”), together with a statement setting forth Seller’s estimate of the amount of each adjustment to the Preliminary Purchase Price to be made pursuant to Section 2.4. The parties shall negotiate in good faith and attempt to agree on such estimated adjustments prior to Closing. (b) At Closing, Purchaser shall pay to Seller the Estimated Final Purchase Price determined as set forth in this Section 2.5(a) less an amount equal to the Performance Deposit plus any without interest earned thereon.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Forest Oil Corp)

Payment and Calculation of Estimated Final Purchase Price; Payment at Closing. (a) Seller shall prepare and deliver to Purchaser, at least five (5) “Business Days” (which term shall mean any day except a Saturday, Sunday or other day on which commercial banks in New York, New York are required or authorized by law to be closed) prior to the Closing Date, Seller’s estimate of the Final Purchase Price to be paid at Closing, (such estimated Final Purchase Price being herein referred to as the “Estimated Final Purchase Price”), together with a statement setting forth Seller’s estimate of the amount of each adjustment to the Preliminary Purchase Price to be made pursuant to Section 2.4. The parties shall negotiate in good faith and attempt to agree on such estimated adjustments prior to Closing. (b) At Closing, Purchaser shall pay to Seller the Estimated Final Purchase Price determined as set forth in this Section 2.5(a) less an amount equal to the Performance Deposit plus any interest earned thereon.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Forest Oil Corp)

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Payment and Calculation of Estimated Final Purchase Price; Payment at Closing. (a) Seller shall prepare and deliver to Purchaser, at least five (5) “Business Days” (which term shall mean any day except a Saturday, Sunday or other day on which commercial banks in New York, New York are required or authorized by law to be closed) prior to the Closing Date, Seller’s estimate of the Final Purchase Price to be paid at Closing, (such estimated Final Purchase Price being herein referred to as the “Estimated Final Purchase Price”), together with a statement setting forth Seller’s estimate of the amount of each adjustment to the Preliminary Purchase Price to be made pursuant to Section 2.4. The parties shall negotiate in good faith and attempt to agree on such estimated adjustments prior to Closing. (b) At Closing, Purchaser shall pay to Seller the Estimated Final Purchase Price determined as set forth in this Section 2.5(a2.5 (a) less an amount equal to the Performance Deposit plus any interest earned thereonxxxxxxx.

Appears in 1 contract

Samples: Purchase and Sale Agreement

Payment and Calculation of Estimated Final Purchase Price; Payment at Closing. (a) Seller shall prepare and deliver to Purchaser, at least five three (3) “Business Days” (which term shall mean any day except a Saturday, Sunday or other day on which commercial banks in New York, New York are required or authorized by law to be closed) prior to the Closing Date, Seller’s estimate of the Final Purchase Price to be paid at Closing, (such estimated Final Purchase Price being herein referred to as the “Estimated Final Purchase Price”), together with a statement setting forth Seller’s estimate of the amount of each adjustment to the Preliminary Purchase Price to be made pursuant to Section 2.4. The parties shall negotiate in good faith and attempt to agree on such estimated adjustments prior to Closing. (b) At Closing, Purchaser shall pay to Seller the Estimated Final Purchase Price determined as set forth in this Section 2.5(a) less an amount equal to the Performance Deposit plus any interest earned thereon.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Forest Oil Corp)

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