Common use of Final Settlement Statement Clause in Contracts

Final Settlement Statement. Within ninety (90) days after Closing, Seller will prepare a final settlement statement for the Interests containing a final reconciliation of the adjustments to the Sale Price specified in Section 2.1 (the AFinal Settlement Statement@). However, the failure of Seller to complete the Final Settlement Statement within 90 days after Closing will not constitute a waiver of any right to an adjustment otherwise due. Buyer will have thirty (30) days after receiving the Final Settlement Statement to provide Seller with written exceptions to any items in the Final Settlement Statement that Buyer believes in good faith to be questionable. All items in the Final Settlement Statement to which Buyer does not except within the 30 day review period will be deemed to be correct.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Greka Energy Corp)

AutoNDA by SimpleDocs

Final Settlement Statement. Within ninety thirty (9030) days after Closing, Seller Sellers will prepare a final settlement statement for the Interests Purchased Assets containing a final reconciliation of the adjustments to the Sale Purchase Price specified in Section 2.1 2.5(a) (the AFinal “Final Settlement Statement@Statement”). However, the failure of Seller Sellers to complete the Final Settlement Statement within 90 thirty (30) days after Closing will not constitute a waiver of any right to an adjustment otherwise due. Buyer will have thirty (30) days after receiving the Final Settlement Statement to provide Seller Sellers with written exceptions to any items in the Final Settlement Statement that Buyer believes believes, in good faith faith, to be questionable. All items in the Final Settlement Statement to which Buyer does not except within the 30 thirty (30) day review period will be deemed to be correct.

Appears in 1 contract

Samples: Asset Purchase Agreement (NGAS Resources Inc)

Final Settlement Statement. Within ninety one hundred twenty (90120) days after Closing, Seller Sellers will prepare a final settlement statement for the Interests interests containing a final reconciliation of the adjustments to the Sale Price specified in Section 2.1 and 2.2 (the AFinal Settlement Statement@). However, the failure of Seller to complete the Final Settlement Statement within 90 days after Closing will not constitute a waiver of any right to an adjustment otherwise dueStatement”). Buyer will have thirty (30) days after receiving the Final Settlement Statement to provide Seller Sellers with written exceptions to any items in the Final Settlement Statement that Buyer believes believes, in good faith faith, to be questionable. All items in the Final Settlement Statement to which Buyer does not except within the 30 day review period will be deemed to be correct.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Mdu Resources Group Inc)

Final Settlement Statement. Within If a final settlement statement -------------------------- subsequent to Closing is necessary, Seller shall tender such statement (the "Final Settlement Statement") within ninety (90) days after Closing, Seller will prepare a final settlement statement for the Interests containing a final reconciliation . Buyer shall respond with objections and proposed corrections within fifteen (15) days of the adjustments to issuance of the Sale Price specified in Section 2.1 (the AFinal Settlement Statement@). However, the failure of Seller to complete the Final Settlement Statement within 90 days after Closing will not constitute a waiver of any right to an adjustment otherwise due. Buyer will have thirty (30) days after receiving the Final Settlement Statement to provide Seller with written exceptions to any items in the Final Settlement Statement that Buyer believes in good faith to be questionable. All items in the Final Settlement Statement to which Buyer does not except within the 30 day review period will be deemed to be correct.Final

Appears in 1 contract

Samples: Purchase and Sale Agreement (Maynard Oil Co)

AutoNDA by SimpleDocs

Final Settlement Statement. Within If a final settlement statement subsequent to Closing is necessary, Seller shall issue such statement (the "Final Settlement Statement") within ninety (90) days after Closing, Seller will prepare a final settlement statement for the Interests containing a final reconciliation of the adjustments to the Sale Price specified in Section 2.1 (the AFinal Settlement Statement@). However, the failure of Seller to complete the Final Settlement Statement within 90 days after Closing will not constitute a waiver of any right to an adjustment otherwise due. Buyer will have shall respond with objections and proposed corrections within thirty (30) days after receiving of the Final Settlement Statement to provide Seller with written exceptions to any items in issuance of the Final Settlement Statement that Buyer believes in good faith to be questionable. All items in the Final Settlement Statement to which Buyer does not except within the 30 day review period will be deemed to be correct.Final

Appears in 1 contract

Samples: Purchase and Sale Agreement (Goodrich Petroleum Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.