Examples of Identified Claims in a sentence
The parties hereby agree that (i) Imbalances shall not be included in any Identified Claims asserted hereunder, and (ii) the Subject Properties will be conveyed specifically subject to Imbalances which exist as of the Effective Time, without any adjustment to the Purchase Price and with Purchaser, as of Closing, bearing and assuming all obligations with respect to any overproduction account or liability and receiving the benefit of and being credited with any underproduction account or credit.
The Seller agrees to reimburse the Buyer for all Damages and related costs, fees and expenses incurred by the Buyer with respect to the Identified Claims for which the Buyer is not able to obtain reimbursement from the United States Government or the appropriate subdivision thereof in accordance with this Section 6.7.
If Closing occurs, then, except as provided in Sections 4.06 and 4.07, there shall be no adjustment to the Purchase Price for Title Defects or Identified Claims.
As to all other Title Defects and Identified Claims asserted by Buyer, Seller shall have the opportunity for a period of ninety (90) days from and after the Closing (the “Cure Period”) to cure such asserted Title Defects or Identified Claims.
The Parties acknowledge that, on the terms and conditions set forth in this Section 6.7, the Identified Claims and all debts, liabilities and obligations resulting therefrom shall constitute Assumed Liabilities for all purposes of this Agreement.