Purchase Price Credits. (a) Within 10 days after December 31, 2000, the parties shall exchange information with respect to revenues received from production and other operating sources (excluding interest income), from or attributable to the Assets for periods on or after the Effective Date received by Seller ("Buyer's Credits") and shall calculate all exploration, production, development, operating, overhead, general and administrative and other costs paid or incurred by Seller with respect to the Assets for such period charged under applicable operating agreements or, if no operating agreement is applicable, then under the most recent XXXXX Accounting Procedure Joint Operations ("Seller's Credits") excluding all non-cash charges attributable to depletion, depreciation, bad debt losses, lease abandonment, etc.; provided that Seller shall have no obligation to make any payment that would constitute a Seller's Credit after the Effective Time. Only items of revenue, cost and expense attributable to the Assets shall be included in the foregoing calculations. If Seller's Credits exceed Buyer's Credits, the difference shall be due Seller by Buyer. If Buyer's Credits exceed Seller's Credits, the difference shall be due Buyer by Seller. Prior to the end of the ten day period beginning with December 31, 2000, Seller shall furnish Buyer with an estimated accounting showing the amount of Seller's Credits and the amount of Buyer's Credits. The amount of the final credit, as adjusted, shall be paid in cash on final adjustment by the party owing it. If within such time period, the parties are unable to agree as to whether an item of income or expense belongs in the period before or after the Effective Time, or is properly included in Seller's Credits or Buyer's Credits, or as to any other accounting matters, then such item or matter may be submitted for determination to a mutually acceptable accounting firm in accordance with Section 13.2 hereof. Final settlement shall be made within ten (10) business days following agreement by the Buyer and Seller or final determination by said accounting firm (which final determination shall be binding upon Buyer and Seller).
(b) Seller and Buyer or representatives of each shall determine the amount of the Hydrocarbons existing in storage tanks, gathering lines, pipelines, gasoline plants, and other facilities as of the Effective Date using the point or points of delivery to Seller's purchasers as a zero reference point. Seller shall receive a credit in th...
Purchase Price Credits. If on any day the Outstanding Balance of a Receivable is reduced or canceled as a result of any Dilution Factor, then, in such event, the Buyer shall be entitled to a credit (each, a “Purchase Price Credit”) against the Purchase Price otherwise payable hereunder in an amount equal to such reduction or cancellation. If the Commitment Termination Date has occurred or the aggregate Purchase Price Credits in respect of any Seller exceeds the Purchase Price in respect of the Receivables of such Seller payable on any Transfer Date, then such Seller agrees to pay the amount of such excess to Buyer in cash promptly (and in any event within one (1) Business Day) thereafter; provided that if the Commitment Termination Date has not occurred, such Seller may also set-off the amount of such excess against any indebtedness owed to it under a Subordinated Note to the extent permitted thereunder.
Purchase Price Credits. On each Purchase Date, all Deemed Collections with respect to Receivables originated by any Originator shall be credited (each, a “Purchase Price Credit”) against the Purchase Price otherwise payable hereunder to such Originator. If, with respect to any Originator, the aggregate amount of Purchase Price Credits exceeds the Purchase Price of the Receivables to be sold by such Originator on such Purchase Date, then such Originator will pay to the Purchaser the remaining amount of such Purchase Price Credit in cash not later than the next Business Day; provided that if no Termination Event or a Potential Termination Event exists, such Originator may deduct the remaining amount of such Purchase Price Credit from any amount owed to it under the applicable Subordinated Note.
Purchase Price Credits. Buyer is not entitled to any cash rebate or refund of Lender Release Surcharges. Purchase Price credits for Lender Release Surcharges are subject to strict compliance with the Lot Closing requirements of Section 3.3.1.
Purchase Price Credits. Prior to the Closing Date, Buyer has paid the Company the following payments which shall be credited to the Purchase Price: (i) the $6,750,000 Up Front Option Payment, (ii) the $2,300,000 Option Extension Payment and (iii) the $5,000,000 Option Closing Extension Payment (as such terms are defined in the Amended 8/14/98 Agreement), in an aggregate amount of $14,050,000 and the Company and Millxx xxxeby acknowledge receipt of the same. The remaining balance of the Purchase Price (the "REMAINING PURCHASE PRICE") shall be paid pursuant to paragraphs (b) through (c) of this SECTION 2.6.
Purchase Price Credits. (a) Within 10 days after December 31, 2000, the parties shall exchange information with respect to revenues received from production and other operating sources (excluding interest income), from or attributable to the Assets for periods on or after the Effective Date received by Seller plus $150,000.00 ("Buyer's Credits") and shall calculate all exploration, production, development, operating, overhead, general and administrative and other costs paid or incurred by Seller with respect to the Assets for such period charged under applicable operating agreements or, if no operating agreement is applicable, then under the most recent XXXXX Accounting Procedure Joint Operations ("Seller's Credits") excluding all non-cash charges attributable to depletion, depreciation, bad debt losses, lease abandonment, etc.; provided that Seller shall have no obligation to make any payment that would constitute a Seller's Credit after the Effective Time. Only items of revenue, cost and expense attributable to the Assets shall be included in the foregoing calculations. If Seller's Credits exceed Buyer's Credits, the difference shall be due
Purchase Price Credits. REIMBURSEMENTS
Purchase Price Credits. On each Purchase Date, all Deemed Collections shall be credited (each, a “Purchase Price Credit”) against the Purchase Price otherwise payable hereunder. If the aggregate amount of Purchase Price Credits exceeds the Purchase Price of the Receivables to be sold by the Seller on such Purchase Date, then the Seller will pay to the Purchaser the remaining amount of such Purchase Price Credit in cash not later than the next Business Day; provided that if no Termination Event or a Potential Termination Event exists, the Seller may deduct the remaining amount of such Purchase Price Credit from any amount owed to it under the Subordinated Note.
Purchase Price Credits. Rent for the Premises and other installment ---------------------- payments shall be prorated as of the closing date and the purchase price and cash due at closing shall be adjusted accordingly.
Purchase Price Credits. Purchaser shall receive a credit at Closing for the items listed below, unless Seller has previously paid any such amounts. * Exterior Renovation 1,660,350.00 * 618,000.00 1,042.350.00 7xx Xxxxx Xxxxxxxx Construction 138,979.00 — 138,979.00 Elevator Scaffolding 87,303.00 — 87,303.00 * The Contract Amount Awarded above for the Exterior Renovation ($1,660,350) includes the following: (i) an original contract sum with the contractor of $1,478,598 (which Seller believes includes a contingency for change orders of $130,000); (ii) approved change orders resulting in a net increase in the contract sum of $42,883 ($172,883 total change orders less the $130,000 credit included in the original contract price); plus (iii) $138,869 for architectural fees, project management, plumbing and other identified soft costs set forth in the budget. Seller shall provide Purchaser a written statement from the contractor or other evidencing reasonably acceptable to Purchaser establishing that said $130,000 contingency credit for change orders was included in the original contract sum of $1,478,598; provided, however, if Seller is wrong and said $130,000 contingency credit was not included in the original contract sum of $1,478,598, then the Contract Amount Awarded above shall be increased from $1,660,350 to $1,790,350. At the Closing, as provided in Section 9.4(b)(vii), Purchaser shall receive a credit against the Purchase Price for the unpaid balance as of Closing of said amounts due with respect to the Exterior Renovation project. Chico & Nxxxx (1-1-06) 94,800.00 84,574.89 10,225.11 Dxxxxx Xxxx 71,122.50 — 71,122.50 Fxxxxxx Mac 1,203,120.00 480,036.00 723,084.00 FTI Consulting 400,480.00 — 400,480.00 Mxxxxxx Xxxxxx (8/1/05) 142,470.00 20,152.00 122,318.00 Nuveen Expansion 891,000.00 — 891,000.00 PMA Consulting 82,380.00 82,162.00 218.00 Prarie Realty 79,000.00 56,500.00 22,500.00 Sxxxxxx & Dxxxxxx 242,030.00 119,393.00 122,637.00 Sxxxxxx & Dxxxxxx (2006) 92,839.60 — 92,839.60 Skadden (Suite 1400) 276,970.72 — 276,970.72 Skadden (Suite 2080) 492,748.80 446,088.80 46,660.00 Txxxx Xxxxxxx 42,260.00 — 42,260.00 Water Street Capital 361,305.00 347,321.13 13,983.87 Wextrust 498,100.00 335,940.76 162,159.24 #12 Karad Drug 15,000.00 — 15,000.00 Gxxxxxx Partners 950,885.00 — 950,885.00 Mxxxxxx Xxxxxx (8/1/06) 213,705.00 — 213,705.00 Sxxxxxx & Dxxxxxx (8/1/06) 145,775.00 — 145,775.00 Sxxxxxx & Dxxxxxx (8/1/10) 291,550.00 — 291,550.00 Dxxxxx Xxxx (10/07) 12,248.88 Sxxxxxx & Dxxxxxx 182,21...
