Well Imbalance Adjustments. Seller and Buyer agree that the Purchase Price will be adjusted downward or upward, as appropriate, by an amount equal to the well imbalances existing as of the Effective Time multiplied by the average value on an MMbtu basis at the wellhead for sales of production during the month in which the Effective Time occurs.
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Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Empire Petroleum Corp), Purchase and Sale Agreement (Petroleum Development Corp)
Well Imbalance Adjustments. Seller and Buyer agree that To calculate the Closing Amount, the Purchase Price will be adjusted downward or upward, as appropriate, by an amount equal to the well imbalances existing as of the Effective Time multiplied by the average value on an MMbtu basis at the wellhead for sales of production by the Seller during the calendar month in which the Effective Time occurs.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Empire Petroleum Corp)
Well Imbalance Adjustments. Seller and Buyer agree that the Purchase Price will be adjusted downward or upward, as appropriate, by an amount equal to the well imbalances Well Imbalances existing as of the Effective Time multiplied by the average value on an MMbtu basis at the wellhead for sales of production during the month in which the Effective Time occurs$2.50 per MMBtu.
Appears in 1 contract
