Common use of Downward Adjustments Clause in Contracts

Downward Adjustments. The Purchase Price shall be adjusted downward by the following: 1. Proceeds received and retained by Seller (net of applicable Taxes and royalties) that are attributable to production from the Assets at or after the Effective Time; 2. The amount of all direct and actual expenses attributable to the Assets, including, without limitation, the Property Expenses, that remain unpaid by Seller, or that have been paid by Buyer, that are attributable to the period prior to the Effective Time; 3. An amount equal to adjustments for Title Defects, Environmental Defects, Casualty Losses and Exclusion Adjustments, and other adjustments as set forth in this Agreement; 4. The amount of the Deposit plus interest earned thereon; 5. The amount of suspended funds Buyer assumes responsibility for pursuant to Section 14.3; and 6. Any other amount agreed to by Buyer and Seller.

Downward Adjustments. The Purchase Price shall be adjusted downward by the following: 1. Proceeds received and retained by Seller (net of applicable Taxes and royalties) that are attributable to production from the Assets at or after the Effective Time; 2. The amount of all direct and actual expenses attributable to the Assets, including, without limitation, the Property Expenses, that remain unpaid by Seller, or that have been paid by Buyer, that are attributable to the period prior to the Effective Time; 3. An amount equal to adjustments for Title Defects, Environmental Defects, Casualty Losses and Exclusion Adjustments, and other adjustments as set forth in this Agreement; 4. The amount of the Deposit plus interest earned thereon; 5. The amount of suspended funds Buyer assumes responsibility for pursuant to Section 14.3; and 64. Any other amount agreed to by Buyer and Seller.

Downward Adjustments. The Purchase Price shall be adjusted downward by the following: 1. Proceeds received and retained by Seller (net of applicable Taxes and royalties) that are attributable to production from the Assets at or after the Effective Time; 2. The amount of all direct and actual expenses attributable to the Assets, including, without limitation, the Property Expenses, that remain unpaid by Seller, or that have been paid by Buyer, that are attributable to the period prior to the Effective Time; 3. An amount equal to adjustments for Title Defects, Environmental Defects, Casualty Losses and Exclusion Adjustments, and other adjustments as set forth in this Agreement; 4. The amount of the Deposit plus simple interest earned thereonthereon at the Agreed Rate for the period of time beginning on the date hereof and ending on the Closing Date; 5. The amount of suspended funds Buyer assumes responsibility for pursuant to Section 14.3; and 6. Any other amount agreed to by Buyer and Seller.

Downward Adjustments. The Purchase Price shall be adjusted downward by the following: 1. Proceeds received and retained by Seller (net of applicable Taxes and royalties) that are attributable to production from the Assets at or after the Effective Time; 2. The amount of all direct and actual expenses attributable to the Assets, including, without limitation, the Property Expenses, that remain unpaid by Seller, or that have been paid by Buyer, that are attributable to the period prior to the Effective Time; 3. An amount equal to adjustments for Title Defects, Environmental Defects, Casualty Losses Losses, Required Consents and Exclusion AdjustmentsPreferential Rights, and other adjustments as set forth in this Agreement; 4. The amount of the Deposit plus interest earned thereon; 5. The amount of suspended funds Buyer assumes responsibility for pursuant to Section 14.3; and 65. Any other amount agreed to by Buyer and Seller.

Downward Adjustments. The Purchase Price shall be adjusted downward by the following: 1. Proceeds received and retained by Seller (net of applicable Taxes and royalties) that are attributable to production from the Assets at or after the Effective Time; 2. The amount of all direct and actual expenses attributable to the Assets, including, without limitation, the Property Expenses, that remain unpaid by Seller, or that have been paid by Buyer, that are attributable to the period prior to the Effective Time; 3. An amount equal to adjustments for Title Defects, the sum of all Environmental Defects, Casualty Losses and Exclusion Defect Adjustments, and other adjustments as set forth in this Agreement; 4. The An amount of equal to the Deposit plus interest earned thereon; 5. The amount of suspended funds Buyer assumes responsibility for pursuant to Section 14.3Title Defect Adjustments; and 65. Any other amount agreed to by Buyer and Seller.