Common use of Closing Settlement Statement Clause in Contracts

Closing Settlement Statement. At least three (3) business days prior to Closing, Seller will provide to Buyer a closing settlement statement (the “Closing Settlement Statement”) covering, but not limited to, severance taxes, crude oil inventories above the pipeline connection, purchase price adjustments, gas imbalance adjustments, state and local sales taxes, suspense amounts tendered to Buyer, and other applicable adjustments credited to Seller or Buyer as of the Effective Time. The oil inventory value at the Effective Time shall be determined as provided for in Section 9.1. Where actual information is unavailable, Seller shall use estimates in the Closing Settlement Statement based on best available information, and Seller shall incorporate any corrections to such estimates based on actual information in any final settlement statement.

Closing Settlement Statement. At least three (3) business days prior to Closing, Seller will provide to Buyer a closing settlement statement (the “Closing Settlement Statement”) covering, but not limited to, ad valorem taxes, severance taxes, crude oil inventories above the pipeline connection, purchase price adjustments, gas imbalance adjustments, state and local sales taxes, suspense amounts tendered to Buyer, and other applicable adjustments credited to Seller or Buyer as of the Effective Time. The oil inventory value at the Effective Time shall be determined as provided for in Section 9.1Article 8. Where actual information is unavailable, Seller shall use estimates in the Closing Settlement Statement closing settlement statement based on best available information, and Seller shall incorporate any corrections to such estimates based on actual information in any final settlement statement.

Closing Settlement Statement. At least three (3) business ---------------------------- days prior to Closing, Seller will provide to Buyer a closing settlement statement (the “Closing Settlement Statement”) coveringincluding, but not limited to, ad valorem taxes, severance taxes, crude oil inventories above the pipeline connection, purchase price adjustments, gas imbalance adjustments, state and local sales taxes, suspense amounts tendered to Buyer, prorated annual payments and other applicable adjustments credited to Seller or Buyer as of the Effective Time. The oil inventory value at the Effective Time shall be determined as provided for in Section 9.1Article 9. Where actual information is unavailableunavailable at Closing, Seller shall use good faith estimates in the Closing Settlement Statement based on best available information, and Seller shall incorporate any corrections to such estimates based on actual information in any final settlement statement.. 6.2