Common use of Payment of Post-Closing Adjustments Clause in Contracts

Payment of Post-Closing Adjustments. Any adjustments to the Purchase Price will be offset against each other so that only one payment is required. The party owing payment will pay the other party the net post-Closing adjustment to the Purchase Price with respect to all undisputed items within 10 days after the expiration of the 60-day review period for the Final Settlement Statement. However, the payment of any disputed items will be subject to the further rights of the parties under Section 2.3.3.

Appears in 2 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Denbury Resources Inc)

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Payment of Post-Closing Adjustments. Any adjustments to the Purchase Price (including disputed items as if they were undisputed by Buyer) will be offset against each other so that only one payment is required. The party owing payment will pay the other party the net post-Closing adjustment to the Purchase Price with respect to all undisputed items within 10 ten (10) days after the expiration of the 60-Buyer’s thirty (30) day review period for the Final Settlement Statement. However, the The payment of any disputed items will be subject to the further rights of the parties under Section 2.3.3.

Appears in 2 contracts

Samples: Purchase Agreement (Centennial Resource Development, Inc.), Purchase Agreement (Centennial Resource Development, Inc.)

Payment of Post-Closing Adjustments. Any adjustments to the Purchase Price (excluding disputed items) will be offset against each other so that only one payment is required. The party owing payment will pay the other party the net post-Closing adjustment to the Purchase Price with respect to all undisputed items within 10 days after the expiration of the 60ASSIGNEE's 30-day review period for the Final Settlement Statement. However, the payment of any disputed items will be subject to the further rights of the parties under Section 2.3.3.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Gasco Energy Inc)

Payment of Post-Closing Adjustments. Any additional adjustments to the Purchase Price (including disputed items) will be offset against each other so that only one payment is required. The party owing payment will pay the other party the net post-Closing closing adjustment to the Purchase Price with respect to all undisputed items within 10 days after the expiration of the 60ASSIGNEE's 20-day review period for the Final Settlement Statement. However, the payment of any disputed items will be subject to the further rights of the parties under Section 2.3.3.. 2.3.3

Appears in 1 contract

Samples: Purchase and Sale Agreement (Southwest Royalties Holdings Inc)

Payment of Post-Closing Adjustments. Any post-Closing adjustments to the Purchase Sale Price (including disputed items which have ultimately been resolved) will be offset against each other so that only one payment is required. The party Party owing payment will pay the other party Party the net post-Closing adjustment to the Purchase Sale Price with respect to all undisputed items within 10 ten (10) days after the expiration of the 60-Buyer=s 30 day review period for the Final Settlement Statement. However, the payment of any disputed items will be subject to the further rights of the parties Parties under Section 2.3.3.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Greka Energy Corp)

Payment of Post-Closing Adjustments. Any post-Closing adjustments to the Purchase Price will be offset against each other so that only one payment is required. The Within five (5) days after the Final Settlement Date, the party owing payment pursuant to the Final Settlement Statement will pay the other party the net post-Closing adjustment an amount equal to the difference between the Adjusted Purchase Price with respect to all undisputed items within 10 days after the expiration of the 60-day review period for paid at Closing and the Final Settlement Statement. However, the payment of any disputed items will be subject to the further rights of the parties under Section 2.3.3Purchase Price.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Samson Oil & Gas LTD)

Payment of Post-Closing Adjustments. Any post-Closing adjustments to the Purchase Sale Price (including disputed items which have ultimately been resolved) will be offset against each other so that only one payment is required. The party Party owing payment will pay the other party Party the net post-Closing adjustment to the Purchase Sale Price with respect to all undisputed items within 10 ten (10) days after the expiration of the 60-Buyer’s 30 day review period for the Final Settlement Statement. However, the payment of any disputed items will be subject to the further rights of the parties Parties under Section 2.3.3.

Appears in 1 contract

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

Payment of Post-Closing Adjustments. Any undisputed adjustments to the Purchase Price will be offset against each other so that only one payment is required. The party Party owing payment will pay the other party Party the net post-Closing adjustment to the Purchase Price with respect to all undisputed items within 10 ten (10) days after the expiration of the 60-Buyer’s ten (10) day review period for the Final Settlement Statement. However, the The payment of any disputed items will be subject to the further rights of the parties Parties under Section 2.3.3.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Carrizo Oil & Gas Inc)

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Payment of Post-Closing Adjustments. Any additional adjustments to the Purchase Price (including disputed items) will be offset against each other so that only one payment is required. The party owing payment will pay the other party the net post-Closing closing adjustment to the Purchase Price with respect to all undisputed items within 10 days after the expiration of the 60ASSIGNEE's 30-day review period for the Final Settlement Statement. However, the payment of any disputed items will be subject to the further rights of the parties under Section 2.3.3.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Stone Energy Corp)

Payment of Post-Closing Adjustments. Any additional adjustments to the Purchase Price (including disputed items) will be offset against each other so that only one payment is required. The party owing payment will pay the other party the net post-Closing closing adjustment to the Purchase Price with respect to all undisputed items within 10 days after the expiration of the 60BUYER's 30-day review period for the Final Settlement Statement. However, the payment of any disputed items will be subject to the further rights of the parties under Section 2.3.3.

Appears in 1 contract

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

Payment of Post-Closing Adjustments. Any adjustments to the Purchase Price (including disputed items as if they were undisputed by BUYER) will be offset against each other so that only one payment is required. The party owing payment will pay the other party the net post-Closing adjustment to the Purchase Price with respect to all undisputed items within 10 days after the expiration of the 60BUYER’s 30-day review period for the Final Settlement Statement. However, the payment of any disputed items will be subject to the further rights of the parties under Section 2.3.3.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Parsley Energy, Inc.)

Payment of Post-Closing Adjustments. Any additional adjustments to the Purchase Price (including disputed items) will be offset against each other so that only one payment is required. The party owing payment will pay the other party the net post-Closing adjustment to the Purchase Price with respect to all undisputed items within 10 days after the expiration of the 60PURCHASER'S 30-day review period for the Final Settlement Statement. However, the payment of any disputed items will be subject to the further rights of the parties under Section 2.3.3.

Appears in 1 contract

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

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