Examples of Second Closing Base Purchase Price in a sentence
The Second Closing Base Purchase Price shall be preliminarily adjusted at the Second Closing pursuant to a settlement statement (the “Second Preliminary Settlement Statement”) mutually agreed upon by Seller and Purchaser on or before the Second Closing.
The Second Preliminary Settlement Statement shall set forth: (A) the Second Closing Base Purchase Price; (B) reasonable estimates of the adjustments under Section 3.2(b); and (C) the resulting Second Closing Amount and Second Closing Payment.
All adjustments to the Second Closing Base Purchase Price under this Section 3.2 shall be without duplication of other adjustments under this Section 3.2.
Purchaser shall be entitled to a downward adjustment to (i) the First Closing Base Purchase Price by the Defect Adjustment, if any, with respect to the First Closing Assets and (ii) the Second Closing Base Purchase Price by the Defect Adjustment, if any, with respect to the Second Closing Assets.
Seller shall be entitled to an upward adjustment to (i) the First Closing Base Purchase Price by the Interest Addition Amount, if any, with respect to the First Closing Assets and (ii) the Second Closing Base Purchase Price by the Interest Addition Amount, if any, with respect to the Second Closing Assets.
If the Second Closing Vertical Well Amount is less than Six Million Nine Hundred Fifteen Thousand Eight-One and 00/100 Dollars ($6,915,081), then the Second Closing Base Purchase Price shall be adjusted downward by such discrepancy.
The Second Closing Base Purchase Price shall be further adjusted downward or upward, as appropriate, by an amount equal to: (A) any well imbalances in Mcf with respect to the Second Closing Assets existing as of the Effective Time; multiplied by (B) $2.50 per Mcf.
If the First Closing occurs, an amount equal to (i) the Deposit minus (ii) the Second Closing Base Purchase Price (the “First Closing Deposit Amount”) shall be released from the Deposit Escrow Account and applied toward the First Closing Amount under Section 3.4(b)(i), and the remaining amount of the Deposit (equal to the Second Closing Base Purchase Price) shall remain in the Deposit Escrow Account until the Second Closing occurs or the Agreement is terminated.
The Second Closing Base Purchase Price shall be further adjusted downward or upward, as appropriate, by an amount equal to: (i) any well imbalances in Mcf with respect to the Second Closing Assets existing as of the Effective Time; multiplied by two dollars and fifty cents ($2.50) per Mcf; and (ii) any pipeline or transportation imbalances with respect to the Second Closing Assets existing as of the Effective Time at the then current monthly price applicable to deliveries to the pipeline.
Purchaser shall be entitled to a downward adjustment to (i) the First Closing Base Purchase Price by the Defect Adjustment, if any, with respect to the 28 First Closing Assets and (ii) the Second Closing Base Purchase Price by the Defect Adjustment, if any, with respect to the Second Closing Assets as provided in Section 5.6(c).