Common use of Final Settlement Statement Clause in Contracts

Final Settlement Statement. On or before 120 days after the Closing, a final settlement statement (the “Final Settlement Statement”) will be prepared by Seller based on actual income and expenses during the period from and after the Effective Time until Closing and which takes into account all final adjustments made to the Purchase Price and shows the resulting final Purchase Price (the “Final Price”). The Final Settlement Statement shall set forth the actual proration of the amounts required by this Agreement. As soon as practicable, and in any event within 30 days after receipt of the Final Settlement Statement, Buyer shall return to Seller a written report containing any proposed changes to the Final Settlement Statement and an explanation of any such changes and the reasons therefor (the “Dispute Notice”). If the Final Price set forth in the Final Settlement Statement is mutually agreed upon by Seller and Buyer, the Final Settlement Statement and the Final Price, shall be final and binding on the Parties. Any difference in the Adjusted Purchase Price as paid at Closing pursuant to the Preliminary Settlement Statement and the Final Price shall be paid by the owing Party within 10 days of such agreement to the owed Party. All amounts paid pursuant to this Section 3.5 shall be delivered in United States currency by wire transfer of immediately available funds to the account specified in writing by the relevant Party.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Range Resources Corp), Purchase and Sale Agreement

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Final Settlement Statement. On or before 120 150 days after the Closing, a final settlement statement (the “Final Settlement Statement”) will be prepared by Seller Buyer, based on actual income and expenses during the period from and after the Effective Time until Closing Interim Period and which takes into account all final adjustments made to the Purchase Price (including pursuant to Section 11.1(b) and Section 10.2(c)) and shows the resulting final Purchase Price (the “Final Price”). The Final Settlement Statement shall set forth the actual proration of the amounts required by this AgreementAgreement (including Section 2.3). As soon as practicable, and in any event within 30 days days, after receipt of the Final Settlement Statement, Buyer Seller shall return to Seller a written report containing any proposed changes to the Final Settlement Statement and an explanation of any such changes and the reasons therefor (the “Settlement Statement Dispute Notice”). If the Final Price set forth in the Final Settlement Statement is mutually agreed upon by Seller and Buyer, the Final Settlement Statement and the Final Price, shall be final and binding on the Partiesparties hereto. Any difference in the Adjusted Purchase Price as paid at Closing pursuant to the Preliminary Settlement Statement and the Final Price shall be paid by the owing Party party within 10 ten days of such agreement to the owed Partyparty. All amounts paid pursuant to this Section 3.5 shall be delivered in United States currency by wire transfer of immediately available funds to the account specified in writing by the relevant Partyparty.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Atlas Resource Partners, L.P.), Purchase and Sale Agreement

Final Settlement Statement. On or before 120 150 days after the Closing, a final settlement statement (the “Final Settlement Statement”) will be prepared by Seller Buyer, based on actual income and expenses during the period from and after the Effective Time until Closing Interim Period and which takes into account all final adjustments made to the Purchase Price (including pursuant to Section 11.1(b) and Section 10.2(c)) and shows the resulting final Purchase Price (the “Final Price”). The Final Settlement Statement shall set forth the actual proration of the amounts required by this AgreementAgreement (including Section 2.3). As soon as practicable, and in any event within 30 days days, after receipt of the Final Settlement Statement, Buyer Seller shall return to Seller a written report containing any proposed changes to the Final Settlement Statement and an explanation of any such changes and the reasons therefor (the “Settlement Statement Dispute Notice”). If the Final Price set forth in the Final Settlement Statement is mutually agreed upon by Seller Xxxxxx and Buyer, the Final Settlement Statement and the Final Price, shall be final and binding on the Partiesparties hereto. Any difference in the Adjusted Purchase Price as paid at Closing pursuant to the Preliminary Settlement Statement and the Final Price shall be paid by the owing Party party within 10 ten days of such agreement to the owed Partyparty. All amounts paid pursuant to this Section 3.5 shall be delivered in United States currency by wire transfer of immediately available funds to the account specified in writing by the relevant Partyparty.

Appears in 1 contract

Samples: Purchase and Sale Agreement

Final Settlement Statement. On or before 120 180 days after the Closing, a final settlement statement (the “Final Settlement Statement”) will be prepared by Seller Buyer, based on actual income and expenses during the period from and after the Effective Time until Closing Interim Period and which takes into account all final adjustments made to the Purchase Price (including pursuant to Section 11.1(b), Section 10.2(b) and Section 10.2(f)) and shows the resulting final Purchase Price (the “Final Price”). The Final Settlement Statement shall set forth the actual proration of the amounts required by this AgreementAgreement (including Section 2.3). As soon as practicable, and in any event within 30 days days, after receipt of the Final Settlement Statement, Buyer Seller shall return to Seller a written report containing any proposed changes to the Final Settlement Statement and an explanation of any such changes and the reasons therefor (the “Settlement Statement Dispute Notice”). If the Final Price set forth in the Final Settlement Statement is mutually agreed upon by Seller and Buyer, the Final Settlement Statement and the Final Price, shall be final and binding on the Partiesparties hereto. Any difference in the Adjusted Purchase Price as paid at Closing pursuant to the Preliminary Settlement Statement and the Final Price shall be paid by the owing Party party within 10 ten days of such agreement to the owed Partyparty. All amounts paid pursuant to this Section 3.5 shall be delivered in United States currency by wire transfer of immediately available funds to the account specified in writing by the relevant Partyparty.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Carrizo Oil & Gas Inc)

Final Settlement Statement. On or before 120 ninety (90) days after the ClosingClosing Date, Buyer will prepare a final settlement statement (the "Final Settlement Statement") will be prepared by Seller based on upon actual income and expenses during the period from and after the Effective Time until Closing Interim Period and which takes into account all final known adjustments to be made to the Purchase Price and shows the resulting final adjustments to the Purchase Price (the "Final Purchase Price"). The Final Settlement Statement shall set forth the actual proration of the amounts required by this Agreement. As soon as practicable, and in any event within 30 days thirty (30) days, after receipt of the Final Settlement Statement, Buyer Seller shall return to Seller a written report containing any proposed changes to the Final such Settlement Statement and an explanation of any such changes and the reasons therefor (the “a "Dispute Notice"). If the Final Price set forth in the Final Settlement Statement is mutually agreed upon by Seller and Buyer, the Final Settlement Statement and the Final Price, Price shall be final and binding on the Partiesparties hereto. Any difference in the Adjusted Purchase Price as paid at Closing pursuant to the Preliminary Settlement Statement and the Final Price shall be paid by the owing Party party within 10 ten (10) days of such agreement to the owed Partyparty. All amounts paid pursuant to this Section 3.5 Article 3.6 shall be delivered in United States currency by wire transfer of immediately available funds to the account specified in writing by the relevant Partyparty.

Appears in 1 contract

Samples: Purchase and Sale Agreement (KCS Energy Inc)

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Final Settlement Statement. On or before 120 ninety (90) days after the Closing, a final settlement statement (the “Final Settlement Statement”) will be prepared by Seller Seller, based on actual income and expenses during the period from and after the Effective Time until Closing and which takes into account all final adjustments made to the Purchase Price and shows the resulting final Purchase Price (the “Final Price”). The Final Settlement Statement shall set forth the actual proration of the amounts required by this AgreementAgreement and, where possible and reasonable, accompanied by supporting documentation. As soon as practicable, and in any event within 30 days thirty (30) days, after receipt of the Final Settlement StatementStatement with such supporting documentation, Buyer shall return to Seller a written report containing any proposed changes to the Final Settlement Statement and an explanation of any such changes and the reasons therefor (the “Dispute Notice”). If the Final Price set forth in the Final Settlement Statement is mutually agreed upon by Seller and Buyer, the Final Settlement Statement and the Final Price, shall be final and binding on the Partiesparties hereto. Any difference in the Adjusted Purchase Price as paid at Closing pursuant to the Preliminary Settlement Statement and the Final Price shall be paid by the owing Party party to the owed party within 10 ten (10) days of such agreement to the owed Partymutual agreement. All amounts paid pursuant to this Section 3.5 Article 3.6 shall be delivered in United States currency by wire transfer of immediately available funds to the account specified in writing by the relevant Partyparty.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Black Elk Energy Finance Corp.)

Final Settlement Statement. On or before 120 days after the Closing, a final settlement statement (the “Final Settlement Statement”) will be prepared by Seller based on actual income and expenses during the period from and after the Effective Time until Closing and which takes into account all final adjustments made to the Purchase Price and shows the resulting final Purchase Price (the “Final Price”). The Final Settlement Statement shall set forth the actual proration of the amounts required by this Agreement. As soon as practicable, and in any event within 30 days after receipt of the Final Settlement Statement, Buyer shall return to Seller a written report containing any proposed changes to the Final Settlement Statement and an explanation of any such changes and the reasons therefor (the “Dispute Notice”). If the Final Price set forth in the Final Settlement Statement is mutually agreed upon by Seller Xxxxxx and Buyer, the Final Settlement Statement and the Final Price, shall be final and binding on the PartiesParties hereto. Any difference in the Adjusted Purchase Price as paid at Closing pursuant to the Preliminary Settlement Statement and the Final Price shall be paid by the owing Party within 10 days of such agreement to the owed Party. All amounts paid pursuant to this Section 3.5 shall be delivered in United States currency by wire transfer of immediately available funds to the account specified in writing by the relevant Party.

Appears in 1 contract

Samples: Purchase and Sale Agreement

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