Dispute as to Defect Values. In the event of a dispute between Seller and Buyer as to the Defect Value for an Environmental Defect or Title Defect, the Parties shall negotiate in good faith as to estimates of such Defect Value for purposes of this Article 9 only. Should the Parties be unable to agree on a Defect Value, the Seller’s good faith estimate of the Defect Value shall be utilized for purposes of this Article 9 only.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Denbury Resources Inc)
Dispute as to Defect Values. In the event of a dispute between Seller and Buyer as to the Defect Value for an Environmental Defect or Title Defect, the Parties shall negotiate in good faith as to estimates of such Defect Value for purposes of this Article 9 only. Should the Parties be unable to agree on a Defect Value, the SellerBuyer’s good faith estimate of the Defect Value shall be utilized for purposes of this Article 9 only9only.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Sun River Energy, Inc)
Dispute as to Defect Values. In the event of a dispute between Seller and Buyer as to the Defect Value for an Environmental Defect or Title Defect, the Parties shall negotiate in good faith as to estimates of such Defect Value for purposes of this Article 9 only. Should the Parties be unable to agree on a Defect Value, the Seller’s good faith estimate of the Defect Value shall be utilized for purposes of this Article 9 only.
Appears in 1 contract
Dispute as to Defect Values. In the event of a dispute between Seller and Buyer as to the Defect Value for an Environmental Defect or Title Defect, the Parties shall negotiate in good faith as to estimates of such Defect Value for purposes of this Article 9 only. Should the Parties be unable to agree on a Defect Value, the Seller’s Buyer's good faith estimate of the Defect Value shall be utilized for purposes of this Article 9 only.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Sun River Energy, Inc)
