Value Disputes. If Vendor disagrees with Purchaser's value allocated to an affected Asset or the amount by which the value of each affected Asset has been reduced by each uncured Title Defect according to Purchaser's allocations in Clause 8.2, the Parties shall forthwith meet in good faith to discuss the issue. If after such a meeting the issue has not been resolved or if a Party refuses to meet to discuss the issue, the Parties shall refer the issue to a mutually-agreeable independent engineering consulting firm (the "Title Valuation Referee")
Appears in 2 contracts
Samples: Purchase and Sale Agreement (Barnwell Industries Inc), Execution Version (Barnwell Industries Inc)
Value Disputes. If Vendor disagrees with Purchaser's value allocated to an affected Asset or the amount by which the value of each affected Asset has been reduced by each uncured Title Environmental Defect according to Purchaser's allocations in Clause 8.2, the Parties shall forthwith meet in good faith to discuss the issue. If after such a meeting the issue has not been resolved or if a Party refuses to meet to discuss the issue, the Parties shall refer the issue to a mutually-agreeable independent engineering environmental consulting firm (the "Title Environmental Valuation Referee")
Appears in 2 contracts
Samples: Purchase and Sale Agreement (Barnwell Industries Inc), Execution Version (Barnwell Industries Inc)
Value Disputes. If Vendor disagrees with Purchaser's value allocated to an affected Asset or the amount by which the value of each affected Asset has been reduced by each uncured Title Defect according to Purchaser's ’s allocations in Clause 8.2, the Parties shall forthwith meet in good faith to discuss the issue. If after such a meeting the issue has not been resolved or if a Party refuses to meet to discuss the issue, the Parties shall refer the issue to a mutually-agreeable independent engineering consulting firm (the "Title Valuation Referee")
Appears in 1 contract
Samples: Purchase and Sale Agreement (Barnwell Industries Inc)
Value Disputes. If Vendor disagrees with Purchaser's value allocated to an affected Asset or the amount by which the value of each affected Asset has been reduced by each uncured Title Environmental Defect according to Purchaser's ’s allocations in Clause 8.2, the Parties shall forthwith meet in good faith to discuss the issue. If after such a meeting the issue has not been resolved or if a Party refuses to meet to discuss the issue, the Parties shall refer the issue to a mutually-agreeable independent engineering environmental consulting firm (the "Title Environmental Valuation Referee")
Appears in 1 contract
Samples: Purchase and Sale Agreement (Barnwell Industries Inc)