Title Benefits; Remedies. (a) If any Party discovers any Title Benefit during the Examination Period affecting the Assets, it shall promptly notify the other Parties at or before the expiration of the Examination Period. Subject to Section 4.05(d), Seller shall be entitled to an upward adjustment to the Purchase Price pursuant to Section 12.02(a)(iii) with respect to the Title Benefit, in an amount mutually agreed upon by the Parties. For purposes of this Agreement, the term “
Appears in 3 contracts
Samples: Purchase and Sale Agreement, Purchase and Sale Agreement, Purchase and Sale Agreement (Legacy Reserves Lp)
Title Benefits; Remedies. (a) If any either Party discovers any Title Benefit during the Examination Period affecting the Assets, it shall promptly notify the other Parties Party at or before the expiration of the Examination Period. Subject to Section 4.05(d), Seller shall be entitled to an upward adjustment to the Purchase Price pursuant to Section 12.02(a)(iii) with respect to the Title Benefit, in an amount mutually agreed upon by the Parties. For purposes of this Agreement, the term “
Appears in 3 contracts
Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Resolute Energy Corp), Purchase and Sale Agreement (Legacy Reserves Lp)
Title Benefits; Remedies. (a) If any either Party discovers any Title Benefit during the Examination Period affecting the Assets, it shall promptly notify the other Parties Party at or before the expiration of the Examination Period. Subject to Section 4.05(d4.04(d), Seller shall be entitled to an upward adjustment to the Purchase Price pursuant to Section 12.02(a)(iii) 14.02(a)(iii), with respect to the Title Benefit, in an amount mutually agreed upon by the PartiesParties and based on the Allocated Value for the Asset affected by the Title Benefit. For purposes of this Agreement, the term “
Appears in 2 contracts
Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Kodiak Oil & Gas Corp)
Title Benefits; Remedies. (a) If any either Party discovers any Title Benefit during the Examination Period affecting the Assets, it shall promptly notify the other Parties Party at or before the expiration of the Examination Period. Subject to Section 4.05(d), Seller shall be entitled to an upward adjustment to the Purchase Price pursuant to Section 12.02(a)(iii) with respect to the Title Benefit, in an amount mutually agreed upon by the Parties. For purposes of this Agreement, the term “Mid: 010628\000101\905583.7
Appears in 1 contract
Title Benefits; Remedies. (a) If a)If any Party discovers any Title Benefit during the Examination Period affecting the Assets, it shall promptly notify the other Parties at or before the expiration of the Examination Period. Subject to Section 4.05(d), Seller shall be entitled to an upward adjustment to the Purchase Price pursuant to Section 12.02(a)(iii) with respect to the Title Benefit, in an amount mutually agreed upon by the Parties. For purposes of this Agreement, the term “
Appears in 1 contract
Samples: Purchase and Sale Agreement (Mid-Con Energy Partners, LP)
Title Benefits; Remedies. (a) If a)If any Party discovers any Title Benefit during the Examination Period affecting the Assets, it shall promptly notify the other Parties at or before the expiration of the Examination Period. Subject to Section 4.05(d), Seller Sellers shall be entitled to an upward adjustment to the Purchase Price pursuant to Section 12.02(a)(iii) with respect to the Title Benefit, in an amount mutually agreed upon by the Parties. For purposes of this Agreement, the term “
Appears in 1 contract
Samples: Purchase and Sale Agreement (Mid-Con Energy Partners, LP)
Title Benefits; Remedies. (a) If any either Party discovers any Title Benefit during the Examination Period affecting the Assets, it shall promptly notify the other Parties Party at or before the expiration of the Examination Period. Subject to Section 4.05(d4.05(c), Seller the Company Sellers shall be entitled to an upward adjustment to the Purchase Price pursuant to Section 12.02(a)(iii12.02(a)(iv) with respect to the Title Benefit, in an amount mutually agreed upon by the Parties. For purposes of this Agreement, the term “
Appears in 1 contract
Samples: Membership Interest and Asset Purchase Agreement (Resolute Energy Corp)