Allocated Value. As used in this Agreement, the term “Allocated Value” shall mean, with respect to any Property the amount set forth on Schedule 3.1 for each such Property, which Exhibit is attached to and made a part of this Agreement. The Allocated Value for each Property has been reviewed and agreed to by the Parties and represents the Parties’ good faith allocation of the value of the Properties.
Appears in 2 contracts
Sources: Purchase and Sale Agreement (Foothills Resources Inc), Purchase and Sale Agreement (Foothills Resources Inc)