Common use of Price Adjustment Limitations Clause in Contracts

Price Adjustment Limitations. The aggregate downward (or upward) adjustment (if any) of the Purchase Price which results from the procedures set forth in Article VII (excluding unobtained Consents treated as a Defect) and Article XIII does not exceed fifteen percent (15%) of the unadjusted Purchase Price.

Appears in 2 contracts

Samples: Agreement of Sale and Purchase, Agreement of Sale and Purchase (Halcon Resources Corp)

AutoNDA by SimpleDocs

Price Adjustment Limitations. The aggregate downward (or upward) adjustment (if any) of to the Purchase Price which results from the procedures set forth in Article VII (excluding unobtained Consents treated as a Defect) and Article XIII does not exceed fifteen percent (15%) of the unadjusted Purchase Price.

Appears in 2 contracts

Samples: Agreement of Sale and Purchase, Agreement of Sale and Purchase (Halcon Resources Corp)

AutoNDA by SimpleDocs

Price Adjustment Limitations. The aggregate downward (or upward) adjustment (if any) of the Purchase Price which results from the procedures set forth in Article VII (excluding unobtained Consents treated as those matters set forth on Exhibit 7.2(c), the Properties excluded due to a DefectDefect election pursuant to Section 6.2 (being the Properties excluded for refusal of invasive environmental testing) and the Excluded Seller Properties), and Article XIII does not exceed fifteen percent (15%) of the unadjusted Purchase Price.

Appears in 1 contract

Samples: Agreement of Sale and Purchase (Ultra Petroleum Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!