Adjustments to Base Purchase Price. The Base Purchase Price will be adjusted as follows:
Adjustments to Base Purchase Price. The Base Purchase Price will be ---------------------------------- adjusted as follows:
Adjustments to Base Purchase Price. Upon timely delivery of a notice under Article 7 pursuant to Section 7.1 or 7.2, either by Buyer or by Seller, Buyer and Seller shall meet at least two (2) Business Days prior to Closing and use their reasonable commercial efforts to agree on the validity of any claims for Title Defects or Additional Interests and the amount of any Base Purchase Price adjustment using the following criteria:
Adjustments to Base Purchase Price. (a) To determine the Purchase Price (as herein defined), the Base Purchase Price shall be increased by the following amounts:
Adjustments to Base Purchase Price. The Base Purchase Price shall be adjusted according to this Section 2.7. For all adjustments known or capable of reasonable estimation as of Closing, the Base Purchase Price shall be adjusted at Closing pursuant to a “Preliminary Settlement Statement” approved by Seller and Buyer on or before Closing. A draft of the Preliminary Settlement Statement will be prepared by Seller and provided to Buyer at least 3 Business Days prior to Closing. The Preliminary Settlement Statement shall set forth the Base Purchase Price as adjusted as provided in this Section 2.7 using the best information available at the Closing Date (the “Closing Amount”). The Closing Amount less the Deposit shall be paid by Buyer to Seller at Closing by federal funds wire transfer to an account or accounts to be designated by Seller to Buyer in writing at least 2 Business Days prior to the Closing Date. Following Closing, any cash received by Seller applicable to post-Effective Time production of Hydrocarbons will be paid to Buyer within 30 days of receipt thereof, and any cash received by Buyer applicable to pre-Effective Time production of Hydrocarbons will be paid to Seller within 30 days after receipt thereof (other than Hydrocarbons for which an adjustment has been made pursuant to Section 2.7(a)(iv)). After Closing, final adjustments to the Base Purchase Price shall only be made pursuant to the Final Settlement Statement to be delivered pursuant to Section 13.1, pursuant to the Title Defect Reduction Amount to be delivered pursuant to Section 4.8, pursuant to the Environmental Defect Reduction Amount to be delivered pursuant to Section 5.6, or as otherwise as expressly provided for in this Agreement.
Adjustments to Base Purchase Price. The portion of the Base Purchase Price payable pursuant to Section 3.1.1 will be adjusted as follows:
Adjustments to Base Purchase Price. All amounts paid under this Section 1 are deemed to be adjustments to the Base Purchase Price for Tax purposes.
Adjustments to Base Purchase Price. Upon timely delivery of a notice under Article 7 pursuant to Section 7.1 or 7.2, either by Buyer or by Sellers, Buyer and Sellers shall meet and use their reasonable commercial efforts to agree on the validity of any claims for Title Defects or Additional Interests remaining unresolved as of the Closing and the amount of any Base Purchase Price adjustment using the following criteria:
Adjustments to Base Purchase Price. Upon timely delivery of a notice pursuant to Section 7.1 or 7.2, either by Buyer or by Seller, Buyer and Seller shall meet on or before December 18, 2017 and use their reasonable commercial efforts to agree upon the validity of any claims for Title Defects or Additional Interests and the amount of any Base Purchase Price adjustment using the following criteria:
Adjustments to Base Purchase Price. (a) The Base Purchase Price shall be adjusted, in the manner set forth in Section 2.3(b), as follows (without duplication of other amounts for which adjustments of the Base Purchase Price are made pursuant to this Agreement), but (i) in the case of Sections 2.3(a)(iii), 2.3(a)(iv) and 2.3(a)(v), only to the extent identified on or before the date that the final settlement of the Purchase Price is agreed upon or determined pursuant to Section 8.4(c); and (ii) in the case of Section 2.3(a)(vi), only to the extent paid or received on or before the date that the final settlement of the Purchase Price is agreed upon or determined pursuant to Section 8.4(c):
