Remedies for Title Benefits. (a) If Buyer discovers any Title Benefit affecting the Assets, it shall promptly notify Seller in writing thereof. Subject to Section 4.14, Seller shall be entitled to an upward adjustment to the Purchase Price with respect to all Title Benefits in an amount (the “Title Benefit Value”) determined in accordance with the formula provided for in this Section 4.08(a). The term “
Appears in 5 contracts
Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (St Mary Land & Exploration Co), Purchase and Sale Agreement (St Mary Land & Exploration Co)
Remedies for Title Benefits. (a) If Buyer discovers any Title Benefit affecting the Assets, it shall promptly notify Seller in writing thereof. Subject to Section 4.14, Seller shall be entitled to an upward adjustment to the Purchase Price with respect to all Title Benefits in an amount (the “"Title Benefit Value”") determined in accordance with the formula provided for in this Section 4.08(a). The term “"
Appears in 2 contracts
Samples: Purchase and Sale Agreement (Abraxas Energy Partners LP), Purchase and Sale Agreement (Abraxas Petroleum Corp)
Remedies for Title Benefits. (a) If Buyer Seller discovers any Title Benefit affecting the Assets, it shall promptly notify Seller Purchaser in writing thereof. Subject to Section 4.143.04(d) and 3.07(b), Seller shall be entitled to an upward adjustment to the Purchase Price pursuant to Section 10.02(a)(iv) with respect to all Title Benefits Benefits, in an amount (mutually agreed upon by the “Title Benefit Value”) determined in accordance with Parties. For purposes of this Agreement, the formula provided for in this Section 4.08(a). The term “
Appears in 2 contracts
Samples: Purchase and Sale Agreement (Carbon Natural Gas Co), Purchase and Sale Agreement (Carbon Energy Corp)
Remedies for Title Benefits. (a) If Buyer discovers any Title Benefit affecting the Assets, it shall promptly notify Seller in writing thereof. Subject to Section 4.144.15, Seller shall be entitled to an upward adjustment to the Purchase Price with respect to all Title Benefits in an amount (the “Title Benefit Value”) determined in accordance with the formula provided for in this Section 4.08(a4.09(a). The term “
Appears in 1 contract
Samples: Purchase and Sale Agreement (St Mary Land & Exploration Co)
Remedies for Title Benefits. (a) If Buyer Xxxxx discovers any Title Benefit affecting the Assets, it shall promptly notify Seller in writing thereof. Subject to Section 4.14, Seller shall be entitled to an upward adjustment to the Purchase Price with respect to all Title Benefits in an amount (the “Title Benefit Value”) determined in accordance with the formula provided for in this Section 4.08(a). The term “
Appears in 1 contract
Samples: Purchase and Sale Agreement
