Base Price Adjustments definition

Base Price Adjustments means (a) the sum of (i) an amount equal to the value of all merchantable allowable oil or other liquid Hydrocarbons in storage owned by Sellers above custody transfer point at the Effective Date that is credited to the Assets, such value to be the current market price or the price paid, less Taxes and gravity adjustments deducted by the purchaser of such oil or other liquid Hydrocarbons; plus (ii) an amount equal to the aggregate amount of Operating Costs which are properly paid by or on behalf of Sellers, are not subject to reimbursement to Sellers pursuant to a joint interest billing and are attributable to the period on or after the Effective Date, minus (b) the sum of (i) the amount of any proceeds actually received by Sellers from the (A) sale of Hydrocarbons, produced from and after the Effective Date, from the Assets (net of royalties and other burdens; and production, severance and similar Taxes and assessments measured by or payable out of production); and (B) the rental, sale, abandonment, salvage, or other disposition of any Asset after the Effective Date; plus (ii) an amount equal to the aggregate amount of all Operating Costs which are properly paid by or on behalf of Buyer, are not subject to reimbursement to Buyer pursuant to a joint interest billing and are attributable to the period prior to the Effective Date. The Base Price Adjustments will be adjusted upward or downward, as applicable, by (i) the net mcf and barrel of oil amount of the aggregate Imbalances attributable to the Net Revenue Interest in the Wells as of the Effective Date multiplied by $3.00 per mcf of gas and $47.00 per barrel of oil for such Well (upward for underage and downward for overage); and (ii) the mmbtu amount of any pipeline Imbalances or unsatisfied throughput obligations attributable to Sellers or the Assets for Sellers’ ownership prior to the Effective Date multiplied by the actual settlement price per mmbtu (upward for over deliveries and downward for under deliveries).
Sample 1

Examples of Base Price Adjustments in a sentence

  • The Base Price for any Make-Up Tons shall also be subject to Base Price Adjustments (as such term is defined in §8.1(c) hereof).

  • If the Base Price Adjustments is a positive number, then the Purchase Price will be increased pursuant to Section 3.1(a)(iii).

  • A copy of the portion of Schedule C, Base Price Adjustments and Components, from 50 IAC 2.2-11 for GCI and GCR structures.

  • If the Base Price Adjustments is a negative number, then the Purchase Price will be reduced pursuant to Section 3.1(a)(iii).

  • The Base Airplane Price and the price of Special Features for Option Aircraft delivering before [CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT], will be escalated on the same basis as the Aircraft.2.2.3 Base Price Adjustments.

  • At least five days before the Closing Date, Sellers shall provide to Buyer a statement showing its computations, calculated in good faith, of the amount of the Base Price Adjustments.

  • Buyer and Sellers shall attempt to agree upon the Base Price Adjustments prior to Closing, provided that if agreement is not reached, Sellers’ computation shall be used at Closing, subject to further adjustment under Section 3.2(b).

  • A copy of the portion of Schedule C, Base Price Adjustments and Components, from 50 IAC 2.2-11 for GCM structures.

  • During the period between Closing and the point in time when such post-closing adjustment has been agreed, resolved or waived pursuant to this Section 3.2(b), each Party shall, on a monthly basis, pay over to the other Party any revenue received by it (net of related expenses) with respect to the Assets which is owed to the other party as set forth in the definition of Base Price Adjustments above and such payments shall be considered in making such post-closing adjustment.

Related to Base Price Adjustments

  • Purchase Price Adjustment shall have the meaning specified in Section 3.02.

  • Price Adjustment means any and all price reductions, offsets, discounts, rebates, adjustments, and or refunds which accrue to or are factored into the final net cost to the hospital outpatient department or ambulatory surgical center.

  • Purchase Price Adjustment Escrow Amount means $500,000.

  • Base Price means the price to be used as the basis for determining the Spread upon the exercise of an Appreciation Right.

  • Value Adjustments means cash lending revenues and other revenues on collateral in respect of a Series of ETP Securities.

  • Estimated Adjustment Amount has the meaning set forth in Section 2.8(a).

  • Adjustment Price means the lowest Underlying Price within the Adjustment Period after the Underlying Price is for the first time equal to or below the Adjustment Threshold.

  • Final Adjustment Amount shall have the meaning set forth in Section 2.5(e).

  • Adjustment Amount For any Distribution Date, the difference between (A) the sum of the Class A Principal Balance and the Class B Principal Balance as of the related Determination Date and (B) the sum of (i) the sum of the Class A Principal Balance and the Class B Principal Balance as of the Determination Date succeeding such Distribution Date and (ii) the aggregate amount that would have been distributed to all Classes as principal in accordance with Section 4.01(a) for such Distribution Date without regard to the provisos in the definitions of Class B-1 Optimal Principal Amount, Class B-2 Optimal Principal Amount, Class B-3 Optimal Principal Amount, Class B-4 Optimal Principal Amount, Class B-5 Optimal Principal Amount and Class B-6 Optimal Principal Amount.

  • Purchase Price Allocation has the meaning set forth in Section 2.6(a).

  • True-Up Adjustment means any Semi-Annual True-Up Adjustment or Interim True-Up Adjustment, as the case may be.

  • Closing Adjustment Amount shall have the meaning set forth in Section 3.2(c).

  • Net Adjustment Amount means an amount, which may be positive or negative, equal to the Closing Net Working Capital as finally determined pursuant to this Section 2.9 minus the Preliminary Net Working Capital as set forth on the Preliminary Closing Statement;

  • Adjustment Spread means either (a) a spread (which may be positive, negative or zero) or (b) a formula or methodology for calculating a spread, in each case to be applied to the Successor Rate or the Alternative Rate (as the case may be) and is the spread, formula or methodology which:

  • Lot line adjustment means the relocation of the property boundary line in a

  • Post-Closing Adjustment Amount has the meaning set forth in Section 2.04(c).

  • SOFR Adjustment means 0.10% (10 basis points).

  • Base Purchase Price has the meaning set forth in Section 2.2.

  • Interest Adjustment Rate means the interest adjustment rate assigned to the Security. The initial Interest Adjustment Rate is the interest adjustment rate specified in the Table (the "Initial Interest Adjustment Rate").The Issuer may adjust, in its reasonable discretion pursuant to §315 BGB and in consideration of the relevant capital market practice and by acting in good faith (including market interest rates and the interest-rate expectations of the market), the Interest Adjustment Rate, including the Initial Interest Adjustment Rate, on any Scheduled Trading Day within the range (deviation (+) or (-)) specified in the Table for any given Security. The adjusted rate will be published without undue delay in accordance with §12.

  • Market Value Adjustment means, on a given date, an amount equal to the lesser of (x) 98% and (y) a percentage determined according to the following formula: Market Value Adjustment = 98% – [(10yrCMTt – 10yrCMTlaunch) ×Duration], where 10yrCMTt = the 10-Year Treasury Constant Maturity Rate published each business day by the Board of Governors of the Federal Reserve System, or, if such rate ceases to be published, a successor rate reasonably determined by the Trustees (the “10-Year CMT”), on such repurchase date; 10yrCMTlaunch = the 10-Year CMT as of the end of the Initial Offering Period; and Duration = an estimate of the duration of the periodic interest payments of a hypothetical coupon-paying U.S. Government Security with a 25-year maturity, calculated by the Trust’s Investment Manager as of the end of the Initial Offering Period;

  • Working Capital Adjustment Amount has the meaning set forth in Section 2.1(b)(ii). Section 1.2

  • Interest Adjustment Date With respect to a Mortgage Loan, the date, if any, specified in the related Mortgage Note on which the Mortgage Interest Rate is subject to adjustment.

  • Contract Adjustment Payments means amounts payable by the Company on each Contract Adjustment Payment Date in respect of each Purchase Contract, at a rate per year of 2.725% on the Stated Amount per Purchase Contract.

  • Net Working Capital Adjustment Amount means an amount, which may be a positive or negative number, equal to the Net Working Capital as of the Effective Time minus the Net Working Capital Threshold.

  • Substitution Adjustment Amount As defined in Section 2.03.

  • Underlying Reference Closing Price Value means, in respect of a SPS Valuation Date, the Closing Level in respect of such day.