Common use of Reporting Value of the Property Clause in Contracts

Reporting Value of the Property. Neither party will take any position in preparing financial statements, Tax Returns, reports to shareholders or governmental authorities, or otherwise, that is inconsistent with the allocation of value for the Property in Exhibit B, unless the parties otherwise agree in writing. The value assigned to each portion of the Property in Exhibit B is hereafter referred to as the “Allocated Value” of that portion of the Property.

Appears in 2 contracts

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

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Reporting Value of the Property. Neither party will take any position in preparing financial statements, Tax Returnstax returns, reports to shareholders or governmental authorities, or otherwise, that is inconsistent with the allocation of value for the Property in Exhibit B, unless required by law or the parties otherwise agree in writing. The value assigned to each portion of the Property in Exhibit B is hereafter referred to as the "Allocated Value" of that portion of the Property.

Appears in 1 contract

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

Reporting Value of the Property. Neither party will take any position in preparing financial statements, Tax Returnstax returns, reports to shareholders or governmental authorities, or otherwise, that is inconsistent with the allocation of value for the Property in Exhibit BA, Schedule 6, unless the parties otherwise agree in writing. The value assigned to each portion of the Property in Exhibit B A, Schedule 6 is hereafter referred to as the "Allocated Value" of that portion of the Property.

Appears in 1 contract

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

Reporting Value of the Property. Neither party will take any position in preparing financial statements, Tax Returnstax returns, reports to shareholders or governmental authorities, or otherwise, that is inconsistent with the allocation of value for the Property in Exhibit BA, Schedule 7, unless the parties otherwise agree in writing. The value assigned to each portion of the Property in Exhibit B A, Schedule 7 is hereafter referred to as the “Allocated Value” of that portion of the Property.

Appears in 1 contract

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

Reporting Value of the Property. Neither party will take any position in preparing financial statements, Tax Returnstax returns, reports to shareholders or governmental authorities, or otherwise, that is inconsistent with the allocation of value for the Property in Exhibit BA, Schedule 7, unless the parties otherwise agree in writing. The value assigned to each portion of the Property in Exhibit B A, Schedule 7 is hereafter referred to as the "Allocated Value" of that portion of the Property.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Stone Energy Corp)

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Reporting Value of the Property. Neither party will take any position in preparing financial statements, Tax Returnstax returns, reports to shareholders or governmental authorities, or otherwise, that is inconsistent with the allocation of value for the Property in Exhibit BA, Schedule 6, unless the parties otherwise agree in writing. The value assigned to each portion of the Property in Exhibit B A, Schedule 6 is hereafter referred to as the "Allocated Value" of that portion of the Property.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Gasco Energy Inc)

Reporting Value of the Property. Neither party will take any position in preparing financial statements, Tax Returnstax returns, reports to shareholders or governmental authorities, or otherwise, that is inconsistent with the allocation of value for the Property in Exhibit BA, Schedule 9, unless the parties otherwise agree in writing. The value assigned to each portion of the Property in Exhibit B A, Schedule 9 is hereafter referred to as the “Allocated Value” "ALLOCATED VALUE" of that portion of the Property.

Appears in 1 contract

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

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