Common use of Allocated Value Clause in Contracts

Allocated Value. The “Allocated Value” means (i) for each Well listed on Annex A-2, the dollar value set forth on Annex A-2 for such Well, and (ii) for each Lease, the dollar value set forth on Annex A-1 for such Lease. Seller and the Company have accepted such Allocated Values solely for purposes of determining any Title Defect Amounts, Title Benefit Amounts and for the purposes described in Section 4.3(b)(iii), but otherwise make no representation or warranty as to the accuracy of such values.

Appears in 2 contracts

Samples: Membership Interest Purchase Agreement (Civitas Resources, Inc.), Membership Interest Purchase Agreement (Civitas Resources, Inc.)

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Allocated Value. The “Allocated Value” means (i) for each Lease listed on Annex A-1 and each Well listed on Annex A-2, the dollar value set forth on Annex A-2 for such Well, and (ii) for each Lease, the dollar value values set forth on Annex A-1 for such LeaseLease and 36 Annex A-2 for such Well. Seller and the Company have accepted such Allocated Values solely for purposes of determining any Title Defect AmountsValues, Title Benefit Amounts Values and for the purposes described in Section 4.3(b)(iii), but otherwise make no representation or warranty as to the accuracy of such values.

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (Callon Petroleum Co)

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Allocated Value. The “Allocated Value” means (i) for each Lease listed on Annex A-1 and each Well listed on Annex A-2, the dollar value set forth on Annex A-2 for such Well, and (ii) for each Lease, the dollar value values set forth on Annex A-1 for such LeaseLease and Annex A-2 for such Well. Seller and the Company have accepted such Allocated Values solely for purposes of determining any Title Defect Amounts, Title Benefit Amounts and for the purposes described in Section 4.3(b)(iii), but otherwise make no representation or warranty as to the accuracy of such values.

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (Callon Petroleum Co)

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