Downward Adjustments. the Purchase Price shall be adjusted downward for (i) Defect Values in accordance with Section 4.6, (ii) the Allocated Value of each Lease excluded pursuant to Section 4.7 and (iii) Casualty Losses in accordance with Section 10.5;
Appears in 4 contracts
Sources: Purchase and Sale Agreement (Eternal Energy Corp.), Purchase and Sale Agreement (American Eagle Energy Inc.), Purchase and Sale Agreement (Eternal Energy Corp.)
Downward Adjustments. the Purchase Price shall be adjusted downward for by an amount equal to:
(i) the sum of the Defect Values determined in accordance with Section 4.6, Sections 4.5 and 4.7;
(ii) the Allocated Value sum of each Lease excluded pursuant to Section 4.7 and (iii) all Casualty Losses determined in accordance with Section 10.5;
(iii) the Per Acre Price (multiplied by the applicable amount of Net Acres excluded) of any Lease or portion thereof excluded from this Agreement pursuant to Section 10.6; and
(iv) any unpaid taxes for which Seller is responsible pursuant to Section 10.3.
Appears in 1 contract
Sources: Purchase and Sale Agreement (AMERICAN EAGLE ENERGY Corp)