{"component": "clause", "props": {"groups": [{"snippet": "(a) As soon as practical and, in any event, no later than ninety (90) calendar days after the Closing Date, Sellers shall prepare and deliver to Buyer a statement (the \u201cFinal Settlement Statement\u201d) setting forth Sellers\u2019 calculation of the adjustments to the Purchase Price in accordance with Section 2.04. The Final Settlement Statement shall be prepared in accordance with this Agreement and on a basis consistent with the preparation of the Closing Statement as described in Section 2.04(d), and shall set forth Sellers\u2019 calculation of the Adjusted Purchase Price.\n(b) Following the delivery of the Final Settlement Statement, Sellers shall afford Buyer the opportunity to examine the Final Settlement Statement and Sellers\u2019 calculation of the Adjusted Purchase Price, and such supporting schedules and analyses as are reasonably necessary and appropriate in connection with such review. Sellers shall cooperate with Buyer in such examination, including responding to questions asked by Buyer, and Sellers shall make available to Buyer any records under Sellers\u2019 control that are requested by Buyer in connection with such review.\n(c) If, within thirty (30) calendar days following delivery of the Final Settlement Statement to Buyer, Buyer has not delivered to Sellers written notice (the \u201cObjection Notice\u201d) of Buyer\u2019s objections to the Final Settlement Statement or Sellers\u2019 calculation of the Adjusted Purchase Price (which Objection Notice in order to be valid must contain a statement describing in reasonable detail the items objected to, the basis of such objections and Buyer\u2019s calculation of the amount(s) for the items objected to that Buyer asserts should be used for purposes of the Final Settlement Statement), then the Adjusted Purchase Price as set forth in such Final Settlement Statement shall be deemed final and conclusive. In addition, any of Sellers\u2019 calculations of the Adjusted Purchase Price as set forth in the Final Settlement Statement which are not objected to in the Objection Notice shall be deemed final and conclusive.\n(d) If Buyer delivers the Objection Notice satisfying Section 2.06(c) above, within such thirty (30)-day period, then Sellers and Buyer shall endeavor in good faith to resolve the objections of Buyer set forth in the Objection Notice for a period not to exceed fifteen (15) calendar days from the date of delivery of the Objection Notice. If at the end of such fifteen (15)-day period there are any objections that remain in dispute, then either Buyer or Sellers may require by written notice to the other that the remaining objections in dispute be submitted for resolution to the Dallas, Texas office of \u2587\u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587 LLP or to such other independent accounting firm as may be selected jointly by Buyer and Sellers within the ten (10) calendar days following a written request by Buyer or Sellers (\u2587\u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587 LLP or such jointly selected accounting firm, the \u201cReferee\u201d). The Referee\u2019s engagement shall be limited to the resolution of disputed amounts set forth in the Final Settlement Statement that have been identified by Buyer in the Objection Notice, which resolution shall be in accordance with this Agreement and no other matter relating to the Final Settlement Statement shall be subject to determination by the Referee except to the extent affected by resolution of the disputed amounts. In connection with the engagement of the Referee, each of Buyer and Sellers shall execute any engagement, indemnity and other agreement as the Referee shall require as a condition to such engagement. If \u2587\u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587 LLP is unable or unwilling to serve as the Referee and Buyer and Sellers are unable to agree upon the designation of a Person as substitute arbitrator, then Buyer or Sellers, or either of them, may in writing request the Bankruptcy Court to appoint the substitute referee; provided that such Person so appointed shall be a national or regional accounting firm with no prior material relationships with Buyer or Sellers or their respective Affiliates and shall have experience in auditing companies engaged in oil and gas wellsite service activities.\n(e) The Referee shall determine such items of the calculation of the Adjusted Purchase Price as are disputed within thirty (30) calendar days after the objections that remain in dispute are submitted to it.\n(f) If any disputed items are submitted to the Referee for resolution, (i) each of Buyer and Sellers shall furnish to the Referee such workpapers and other documents and information relating to such disputed items as the Referee may request and are available to that Party or its Affiliates (or its independent public accountants) and will be afforded the opportunity to present to the Referee any materials relating to the determination of the matters in dispute and to discuss such determination with the Referee prior to any written notice of determination hereunder being delivered by the Referee; (ii) the Referee shall not assign a value to such objection that is greater than the greatest value for such objection claimed by either Party or less than the smallest value for such objection claimed by either Party; (iii) the determination by the Referee of items of the calculation of the Adjusted Purchase Price, as applicable, as set forth in a written notice delivered to Sellers and Buyer by the Referee, shall be made in accordance with this Agreement and shall be binding and conclusive on the Parties and shall constitute an arbitral award that is final, binding and unappealable (absent manifest error or fraud) and upon which a judgment may be entered by a court having jurisdiction thereof; and (iv) the fees and expenses of the Referee (the \u201cAudit Fees\u201d) shall be paid by and apportioned between Buyer and Sellers based on the aggregate dollar amount in dispute and the relative recovery as determined by the Referee or Sellers and Buyer, respectively (such that, by way of example, if the amount in dispute is $100 and it is resolved $70 in favor of Buyer and $30 in favor of Sellers, then Sellers would bear 70% of the Audit Fees and Buyer would bear 30% of the Audit Fees).", "snippet_links": [{"key": "after-the-closing-date", "type": "clause", "offset": [84, 106]}, {"key": "deliver-to-buyer", "type": "clause", "offset": [134, 150]}, {"key": "calculation-of-the", "type": "clause", "offset": [221, 239]}, {"key": "adjustments-to-the-purchase-price", "type": "clause", "offset": [240, 273]}, {"key": "in-accordance-with", "type": "clause", "offset": [274, 292]}, {"key": "the-final", "type": "clause", "offset": [307, 316]}, {"key": "be-prepared", "type": "clause", "offset": [344, 355]}, {"key": "this-agreement", "type": "clause", "offset": [375, 389]}, {"key": "consistent-with-the", "type": "clause", "offset": [405, 424]}, {"key": "preparation-of-the-closing-statement", "type": "clause", "offset": [425, 461]}, {"key": "the-adjusted-purchase-price", "type": "definition", "offset": [539, 566]}, {"key": "delivery-of-the", "type": "clause", "offset": [586, 601]}, {"key": "opportunity-to-examine", "type": "clause", "offset": [661, 683]}, {"key": "necessary-and-appropriate", "type": "definition", "offset": [833, 858]}, {"key": "in-connection-with", "type": "clause", "offset": [859, 877]}, {"key": "cooperate-with", "type": "clause", "offset": [905, 919]}, {"key": "responding-to-questions", "type": "clause", "offset": [957, 980]}, {"key": "by-buyer", "type": "clause", "offset": [987, 995]}, {"key": "available-to", "type": "definition", "offset": [1020, 1032]}, {"key": "requested-by", "type": "definition", "offset": [1083, 1095]}, {"key": "within-thirty", "type": "clause", "offset": [1142, 1155]}, {"key": "to-sellers", "type": "clause", "offset": [1262, 1272]}, {"key": "objection-notice", "type": "definition", "offset": [1294, 1310]}, {"key": "in-order-to", "type": "clause", "offset": [1448, 1459]}, {"key": "the-items", "type": "definition", "offset": [1526, 1535]}, {"key": "basis-of", "type": "clause", "offset": [1553, 1561]}, {"key": "for-purposes-of-the", "type": "clause", "offset": [1679, 1698]}, {"key": "final-and-conclusive", "type": "clause", "offset": [1825, 1845]}, {"key": "in-addition", "type": "clause", "offset": [1847, 1858]}, {"key": "of-sellers", "type": "clause", "offset": [1864, 1874]}, {"key": "buyer-shall", "type": "clause", "offset": [2185, 2196]}, {"key": "in-good-faith", "type": "clause", "offset": [2206, 2219]}, {"key": "not-to-exceed", "type": "clause", "offset": [2302, 2315]}, {"key": "date-of-delivery", "type": "clause", "offset": [2352, 2368]}, {"key": "at-the-end-of", "type": "clause", "offset": [2397, 2410]}, {"key": "notice-to-the", "type": "clause", "offset": [2541, 2554]}, {"key": "independent-accounting-firm", "type": "definition", "offset": [2697, 2724]}, {"key": "buyer-and-sellers", "type": "clause", "offset": [2755, 2772]}, {"key": "written-request", "type": "definition", "offset": [2819, 2834]}, {"key": "selected-accounting-firm", "type": "definition", "offset": [2891, 2915]}, {"key": "the-referee", "type": "definition", "offset": [2933, 2944]}, {"key": "disputed-amounts", "type": "definition", "offset": [2996, 3012]}, {"key": "other-matter", "type": "definition", "offset": [3184, 3196]}, {"key": "relating-to", "type": "definition", "offset": [3197, 3208]}, {"key": "subject-to", "type": "definition", "offset": [3249, 3259]}, {"key": "except-to-the-extent", "type": "clause", "offset": [3289, 3309]}, {"key": "affected-by", "type": "definition", "offset": [3310, 3321]}, {"key": "engagement-of", "type": "clause", "offset": [3381, 3394]}, {"key": "each-of-buyer", "type": "clause", "offset": [3408, 3421]}, {"key": "other-agreement", "type": "definition", "offset": [3478, 3493]}, {"key": "to-serve", "type": "definition", "offset": [3603, 3611]}, {"key": "a-person", "type": "clause", "offset": [3693, 3701]}, {"key": "substitute-arbitrator", "type": "clause", "offset": [3705, 3726]}, {"key": "in-writing", "type": "clause", "offset": [3774, 3784]}, {"key": "bankruptcy-court", "type": "definition", "offset": [3797, 3813]}, {"key": "provided-that", "type": "clause", "offset": [3849, 3862]}, {"key": "material-relationships", "type": "clause", "offset": [3950, 3972]}, {"key": "respective-affiliates", "type": "definition", "offset": [4004, 4025]}, {"key": "engaged-in", "type": "definition", "offset": [4074, 4084]}, {"key": "oil-and-gas", "type": "definition", "offset": [4085, 4096]}, {"key": "service-activities", "type": "clause", "offset": [4106, 4124]}, {"key": "disputed-items", "type": "clause", "offset": [4344, 4358]}, {"key": "furnish-to", "type": "clause", "offset": [4440, 4450]}, {"key": "other-documents-and-information", "type": "clause", "offset": [4483, 4514]}, {"key": "independent-public-accountants", "type": "definition", "offset": [4632, 4662]}, {"key": "determination-of-the", "type": "clause", "offset": [4757, 4777]}, {"key": "matters-in-dispute", "type": "clause", "offset": [4778, 4796]}, {"key": "to-discuss", "type": "definition", "offset": [4801, 4811]}, {"key": "such-determination", "type": "definition", "offset": [4812, 4830]}, {"key": "prior-to", "type": "definition", "offset": [4848, 4856]}, {"key": "notice-of-determination", "type": "clause", "offset": [4869, 4892]}, {"key": "by-either-party", "type": "clause", "offset": [5062, 5077]}, {"key": "binding-and-conclusive", "type": "clause", "offset": [5409, 5431]}, {"key": "the-parties", "type": "clause", "offset": [5435, 5446]}, {"key": "arbitral-award", "type": "clause", "offset": [5471, 5485]}, {"key": "manifest-error", "type": "definition", "offset": [5534, 5548]}, {"key": "expenses-of-the", "type": "clause", "offset": [5662, 5677]}, {"key": "audit-fees", "type": "definition", "offset": [5692, 5702]}, {"key": "based-on", "type": "clause", "offset": [5764, 5772]}, {"key": "amount-in-dispute", "type": "definition", "offset": [5794, 5811]}, {"key": "in-favor-of", "type": "clause", "offset": [5989, 6000]}, {"key": "the-audit", "type": "clause", "offset": [6067, 6076]}], "samples": [{"hash": "6XwxYcnyjnE", "uri": "/contracts/6XwxYcnyjnE#final-settlement-statement", "label": "Asset Purchase Agreement (Ranger Energy Services, Inc.)", "score": 32.7563323975, "published": true}, {"hash": "6quj6PB1rej", "uri": "/contracts/6quj6PB1rej#final-settlement-statement", "label": "Asset Purchase Agreement (Basic Energy Services, Inc.)", "score": 32.6276512146, "published": true}], "size": 46, "hash": "93e8781b8e6f4b3032e80b56a658d380", "id": 1}, {"snippet": "Sellers shall issue a final settlement statement covering all adjustments, without duplication, to the Base Purchase Price that were not included in the Closing Settlement Statement (the \u201cFinal Settlement Statement\u201d) within one hundred twenty (120) days after Closing. Buyer shall respond with objections and proposed corrections within thirty (30) days of the issuance of the Final Settlement Statement. If Buyer does not respond with objections and the support therefore to the Final Settlement Statement in writing within thirty (30) days of the issuance of the Final Settlement Statement, said Statement shall be deemed approved by Buyer. In the event that Buyer does respond and objects within this time period, the Parties shall meet within fifteen (15) days following receipt of Buyer\u2019s objections and attempt to resolve the disputed items. If the Parties are unable to resolve the disputed items by the end of such fifteen-day period, the dispute shall be resolved in accordance with the dispute resolution provisions set forth in Section 20.3. After approval by both Parties (or after final resolution of the same under Section 20.3), the net adjustment due pursuant to the Final Settlement Statement for the Assets conveyed will be summarized and a net check or invoice will be sent to the Buyer or Sellers, as the case may be. Buyer or Sellers, as the case may be, agrees to promptly pay such invoice within ten (10) days after receipt by Buyer.", "snippet_links": [{"key": "without-duplication", "type": "clause", "offset": [75, 94]}, {"key": "base-purchase-price", "type": "definition", "offset": [103, 122]}, {"key": "not-included", "type": "clause", "offset": [133, 145]}, {"key": "closing-settlement-statement", "type": "clause", "offset": [153, 181]}, {"key": "after-closing", "type": "definition", "offset": [254, 267]}, {"key": "buyer-shall", "type": "clause", "offset": [269, 280]}, {"key": "within-thirty", "type": "clause", "offset": [330, 343]}, {"key": "the-final", "type": "clause", "offset": [373, 382]}, {"key": "statement-in-writing", "type": "clause", "offset": [497, 517]}, {"key": "by-buyer", "type": "clause", "offset": [633, 641]}, {"key": "in-the-event", "type": "clause", "offset": [643, 655]}, {"key": "time-period", "type": "definition", "offset": [704, 715]}, {"key": "the-parties-shall", "type": "clause", "offset": [717, 734]}, {"key": "of-buyer", "type": "clause", "offset": [783, 791]}, {"key": "attempt-to-resolve", "type": "clause", "offset": [809, 827]}, {"key": "disputed-items", "type": "clause", "offset": [832, 846]}, {"key": "parties-are", "type": "clause", "offset": [855, 866]}, {"key": "unable-to-resolve", "type": "clause", "offset": [867, 884]}, {"key": "day-period", "type": "definition", "offset": [931, 941]}, {"key": "the-dispute", "type": "clause", "offset": [943, 954]}, {"key": "in-accordance-with", "type": "clause", "offset": [973, 991]}, {"key": "dispute-resolution-provisions", "type": "definition", "offset": [996, 1025]}, {"key": "by-both-parties", "type": "clause", "offset": [1068, 1083]}, {"key": "final-resolution", "type": "definition", "offset": [1094, 1110]}, {"key": "net-adjustment", "type": "definition", "offset": [1148, 1162]}, {"key": "pursuant-to-the", "type": "definition", "offset": [1167, 1182]}, {"key": "assets-conveyed", "type": "clause", "offset": [1218, 1233]}, {"key": "to-the-buyer", "type": "clause", "offset": [1293, 1305]}, {"key": "the-case", "type": "definition", "offset": [1321, 1329]}, {"key": "agrees-to", "type": "clause", "offset": [1376, 1385]}, {"key": "after-receipt-by", "type": "clause", "offset": [1433, 1449]}], "samples": [{"hash": "bFnneQdwHZY", "uri": "/contracts/bFnneQdwHZY#final-settlement-statement", "label": "Purchase and Sale Agreement (Dynamic Offshore Resources, Inc.)", "score": 22.9739894867, "published": true}, {"hash": "fsjHMeSDM2i", "uri": "/contracts/fsjHMeSDM2i#final-settlement-statement", "label": "Purchase and Sale Agreement (Dynamic Offshore Resources, Inc.)", "score": 22.9438743591, "published": true}], "size": 5, "hash": "a3387768ab44cde05d0a698599fa6fa1", "id": 9}, {"snippet": "\u201cFinal Settlement Statement\u201d is defined in Section 2.6(a).", "snippet_links": [{"key": "defined-in-section", "type": "clause", "offset": [32, 50]}], "samples": [{"hash": "b0QPfT3Vvso", "uri": "/contracts/b0QPfT3Vvso#final-settlement-statement", "label": "Purchase and Sale Agreement (Us Energy Corp)", "score": 35.5270347595, "published": true}, {"hash": "bPgUV46o2Qe", "uri": "/contracts/bPgUV46o2Qe#final-settlement-statement", "label": "Purchase Agreement", "score": 35.499835968, "published": true}, {"hash": "3P59cDJwnXa", "uri": "/contracts/3P59cDJwnXa#final-settlement-statement", "label": "Purchase Agreement (Goodrich Petroleum Corp)", "score": 22.0075283051, "published": true}], "size": 5, "hash": "d638892fdf768b4b33ef95870b7f273a", "id": 8}, {"snippet": "No later than one hundred and eighty (180) days after the Closing Date and after consultation with MLP, HOLDINGS shall deliver to MLP a revised settlement statement showing in reasonable detail its calculation of the items described in the definition of Total Net Working Capital along with other adjustments or payments contemplated in this Agreement (said revised statement and the calculation thereof shall be referred to as the \u201cFinal Settlement Statement\u201d).", "snippet_links": [{"key": "after-the-closing-date", "type": "clause", "offset": [48, 70]}, {"key": "after-consultation-with", "type": "clause", "offset": [75, 98]}, {"key": "deliver-to", "type": "definition", "offset": [119, 129]}, {"key": "the-items", "type": "definition", "offset": [213, 222]}, {"key": "the-definition-of", "type": "definition", "offset": [236, 253]}, {"key": "total-net-working-capital", "type": "definition", "offset": [254, 279]}, {"key": "other-adjustments", "type": "definition", "offset": [291, 308]}, {"key": "in-this-agreement", "type": "clause", "offset": [334, 351]}, {"key": "revised-statement", "type": "definition", "offset": [358, 375]}], "samples": [{"hash": "dWNldPrJvTx", "uri": "/contracts/dWNldPrJvTx#final-settlement-statement", "label": "Contribution Agreement", "score": 31.3408622742, "published": true}, {"hash": "ff7rPFVIlmG", "uri": "/contracts/ff7rPFVIlmG#final-settlement-statement", "label": "Contribution Agreement", "score": 29.3408622742, "published": true}, {"hash": "91ulqAqF7Jk", "uri": "/contracts/91ulqAqF7Jk#final-settlement-statement", "label": "Contribution Agreement", "score": 26.1704311371, "published": true}], "size": 13, "hash": "0c0b918bdb7dbfe99e9000bf31647bd0", "id": 3}, {"snippet": "No later than 120 Days after the Closing Date Seller will deliver to Buyer the final settlement statement (the \u201cFinal Settlement Statement\u201d) setting forth the actual amounts of Adjustments and the resulting Adjusted Purchase Price, together with associated back-up documentation. As soon as reasonably practicable, but in no event later than 30 Days after Buyer receives the Final Settlement Statement, Buyer may deliver to Seller a written report containing any changes that Buyer proposes to be made to such statement. If Buyer fails to timely deliver the written report to Seller containing changes Buyer proposes to be made to the Final Settlement Statement, the statement as delivered by Seller will be deemed to be correct and will be final and binding on the Parties and not subject to further audit or arbitration. As soon as reasonably practicable, but in no event later than 15 Days after Seller receives Buyer\u2019s written report, the Parties shall meet and undertake to agree on the final adjustments to the Final Settlement Statement. If the Parties fail to agree on the final adjustments within such 15-Day period, either Party may submit the disputed items to the Accounting Referee for resolution. The Parties shall direct the Accounting Referee to resolve the disputes within 20 Days after having the relevant materials submitted for review. The decision of the Accounting Referee will be binding on and non-appealable by the Parties. The fees and expenses associated with the Accounting Referee will be borne equally by the Parties. Any amounts owed by one Party to the other as a result of the Final Settlement Statement, together with interest on such amount from (and including) the Closing Date to (and excluding) the date of payment at the Prime Rate, will be paid within 5 Business Days after the date when the amounts are agreed upon by the Parties or the Parties receive a decision of the Accounting Referee, and the Adjustments included in the Final Settlement Statement will be final and binding between the Parties and not subject to further audit or arbitration.", "snippet_links": [{"key": "seller-will", "type": "clause", "offset": [46, 57]}, {"key": "deliver-to-buyer", "type": "clause", "offset": [58, 74]}, {"key": "the-final", "type": "clause", "offset": [75, 84]}, {"key": "actual-amounts", "type": "definition", "offset": [159, 173]}, {"key": "adjusted-purchase-price", "type": "definition", "offset": [207, 230]}, {"key": "in-no-event", "type": "clause", "offset": [319, 330]}, {"key": "buyer-may", "type": "definition", "offset": [403, 412]}, {"key": "seller-a", "type": "definition", "offset": [424, 432]}, {"key": "written-report", "type": "definition", "offset": [433, 447]}, {"key": "report-to", "type": "clause", "offset": [566, 575]}, {"key": "the-statement", "type": "clause", "offset": [663, 676]}, {"key": "by-seller", "type": "clause", "offset": [690, 699]}, {"key": "binding-on-the-parties", "type": "clause", "offset": [751, 773]}, {"key": "subject-to", "type": "definition", "offset": [782, 792]}, {"key": "further-audit", "type": "definition", "offset": [793, 806]}, {"key": "after-seller", "type": "definition", "offset": [893, 905]}, {"key": "the-parties-shall", "type": "clause", "offset": [939, 956]}, {"key": "adjustments-to", "type": "clause", "offset": [998, 1012]}, {"key": "day-period", "type": "definition", "offset": [1114, 1124]}, {"key": "either-party", "type": "definition", "offset": [1126, 1138]}, {"key": "disputed-items", "type": "clause", "offset": [1154, 1168]}, {"key": "accounting-referee", "type": "definition", "offset": [1176, 1194]}, {"key": "the-disputes", "type": "clause", "offset": [1270, 1282]}, {"key": "relevant-materials", "type": "definition", "offset": [1315, 1333]}, {"key": "submitted-for-review", "type": "definition", "offset": [1334, 1354]}, {"key": "the-decision", "type": "clause", "offset": [1356, 1368]}, {"key": "by-the-parties", "type": "clause", "offset": [1433, 1447]}, {"key": "associated-with", "type": "definition", "offset": [1471, 1486]}, {"key": "amounts-owed", "type": "definition", "offset": [1552, 1564]}, {"key": "one-party", "type": "definition", "offset": [1568, 1577]}, {"key": "interest-on", "type": "clause", "offset": [1652, 1663]}, {"key": "date-of-payment", "type": "clause", "offset": [1737, 1752]}, {"key": "the-prime-rate", "type": "definition", "offset": [1756, 1770]}, {"key": "business-days", "type": "definition", "offset": [1794, 1807]}, {"key": "between-the-parties", "type": "clause", "offset": [2021, 2040]}], "samples": [{"hash": "9XVIm1ZS9uy", "uri": "/contracts/9XVIm1ZS9uy#final-settlement-statement", "label": "Purchase and Sale Agreement (Alta Mesa Holdings, LP)", "score": 25.2299785614, "published": true}, {"hash": "la3AiAKCnKi", "uri": "/contracts/la3AiAKCnKi#final-settlement-statement", "label": "Purchase and Sale Agreement (Memorial Production Partners LP)", "score": 25.2272415161, "published": true}], "size": 32, "hash": "fda3db7d835f0644c40829a1e88df767", "id": 2}, {"snippet": "On or before one hundred twenty (120) Days after the Closing, a final settlement statement (the \u201cFinal Settlement Statement\u201d) will be prepared by Seller, based on actual income and expenses during the Interim Period and which takes into account all final adjustments made to the Purchase Price and shows the resulting final Purchase Price (\u201cFinal Price\u201d). 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 thirty (30) Days, after receipt of the Final Settlement Statement, Buyer shall return a written report containing any proposed changes to the Final Settlement Statement and an explanation of any such changes and the reasons therefor (the \u201cDispute Notice\u201d). If Buyer fails to timely deliver the Dispute Notice to Seller, the statement as delivered by Seller will be deemed to be correct and will be final and binding on the parties and not subject to further audit or arbitration. 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 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 ten (10) Days to the owed party. All amounts paid pursuant to this Section 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 party.", "snippet_links": [{"key": "after-the-closing", "type": "clause", "offset": [43, 60]}, {"key": "by-seller", "type": "clause", "offset": [143, 152]}, {"key": "based-on", "type": "clause", "offset": [154, 162]}, {"key": "income-and-expenses", "type": "clause", "offset": [170, 189]}, {"key": "during-the-interim-period", "type": "clause", "offset": [190, 215]}, {"key": "final-adjustments", "type": "definition", "offset": [249, 266]}, {"key": "the-purchase-price", "type": "clause", "offset": [275, 293]}, {"key": "final-purchase-price", "type": "definition", "offset": [318, 338]}, {"key": "final-price", "type": "definition", "offset": [341, 352]}, {"key": "the-final", "type": "clause", "offset": [356, 365]}, {"key": "by-this-agreement", "type": "clause", "offset": [448, 465]}, {"key": "as-soon-as-practicable", "type": "definition", "offset": [467, 489]}, {"key": "within-thirty", "type": "clause", "offset": [508, 521]}, {"key": "after-receipt-of", "type": "clause", "offset": [533, 549]}, {"key": "buyer-shall", "type": "clause", "offset": [582, 593]}, {"key": "written-report", "type": "definition", "offset": [603, 617]}, {"key": "changes-to-the", "type": "definition", "offset": [642, 656]}, {"key": "dispute-notice", "type": "definition", "offset": [754, 768]}, {"key": "the-dispute", "type": "clause", "offset": [805, 816]}, {"key": "notice-to-seller", "type": "clause", "offset": [817, 833]}, {"key": "the-statement", "type": "clause", "offset": [835, 848]}, {"key": "seller-will", "type": "clause", "offset": [865, 876]}, {"key": "binding-on-the-parties", "type": "clause", "offset": [923, 945]}, {"key": "subject-to", "type": "definition", "offset": [954, 964]}, {"key": "further-audit", "type": "definition", "offset": [965, 978]}, {"key": "mutually-agreed", "type": "clause", "offset": [1061, 1076]}, {"key": "seller-and-buyer", "type": "definition", "offset": [1085, 1101]}, {"key": "the-parties-hereto", "type": "clause", "offset": [1185, 1203]}, {"key": "the-adjusted-purchase-price", "type": "definition", "offset": [1223, 1250]}, {"key": "at-closing", "type": "definition", "offset": [1259, 1269]}, {"key": "preliminary-settlement-statement", "type": "definition", "offset": [1286, 1318]}, {"key": "owing-party", "type": "definition", "offset": [1360, 1371]}, {"key": "owed-party", "type": "definition", "offset": [1400, 1410]}, {"key": "section-36", "type": "clause", "offset": [1446, 1457]}, {"key": "united-states-currency", "type": "clause", "offset": [1480, 1502]}, {"key": "transfer-of", "type": "definition", "offset": [1511, 1522]}, {"key": "immediately-available-funds", "type": "definition", "offset": [1523, 1550]}, {"key": "the-account", "type": "clause", "offset": [1554, 1565]}, {"key": "in-writing", "type": "clause", "offset": [1576, 1586]}, {"key": "relevant-party", "type": "definition", "offset": [1594, 1608]}], "samples": [{"hash": "fnQwoOcYRDA", "uri": "/contracts/fnQwoOcYRDA#final-settlement-statement", "label": "Purchase and Sale Agreement (Petroquest Energy Inc)", "score": 24.4661197662, "published": true}, {"hash": "eg36WRqo4dy", "uri": "/contracts/eg36WRqo4dy#final-settlement-statement", "label": "Purchase and Sale Agreement (Petroquest Energy Inc)", "score": 24.4661197662, "published": true}, {"hash": "cOshIrkCIkO", "uri": "/contracts/cOshIrkCIkO#final-settlement-statement", "label": "Purchase and Sale Agreement (Petroquest Energy Inc)", "score": 24.4661197662, "published": true}], "size": 5, "hash": "bb59dfe0f48177b9d3107d4b849b70c9", "id": 7}, {"snippet": "Within 120 days after Closing, SELLER will prepare a final settlement statement for the Property containing a final reconciliation of the adjustments to the Purchase Price specified in Section 2.2 (the \"FINAL SETTLEMENT STATEMENT\"). However, failure of SELLER to complete the Final Settlement Statement within 120 days after Closing will not constitute a waiver of any right to an adjustment otherwise due. PURCHASER will have 30 days after receiving the Final Settlement Statement to provide SELLER with written exceptions to any items in the Final Settlement Statement that PURCHASER believes in good faith to be questionable. All items in the Final Settlement Statement to which PURCHASER does not take written exception within the 30-day review period will be deemed correct.", "snippet_links": [{"key": "after-closing", "type": "definition", "offset": [16, 29]}, {"key": "seller-will", "type": "clause", "offset": [31, 42]}, {"key": "the-property", "type": "clause", "offset": [84, 96]}, {"key": "final-reconciliation", "type": "clause", "offset": [110, 130]}, {"key": "adjustments-to-the-purchase-price", "type": "clause", "offset": [138, 171]}, {"key": "section-22", "type": "clause", "offset": [185, 196]}, {"key": "failure-of-seller", "type": "clause", "offset": [242, 259]}, {"key": "the-final", "type": "clause", "offset": [272, 281]}, {"key": "waiver-of", "type": "clause", "offset": [355, 364]}, {"key": "right-to", "type": "definition", "offset": [369, 377]}, {"key": "purchaser-will", "type": "clause", "offset": [407, 421]}, {"key": "after-receiving", "type": "clause", "offset": [435, 450]}, {"key": "to-provide", "type": "definition", "offset": [482, 492]}, {"key": "exceptions-to", "type": "clause", "offset": [513, 526]}, {"key": "in-good-faith", "type": "clause", "offset": [595, 608]}, {"key": "all-items", "type": "definition", "offset": [629, 638]}, {"key": "day-review-period", "type": "clause", "offset": [738, 755]}], "samples": [{"hash": "8McFyOSYOfW", "uri": "/contracts/8McFyOSYOfW#final-settlement-statement", "label": "Purchase and Sale Agreement (High Plains Gas, Inc.)", "score": 18.9144420624, "published": true}], "size": 6, "hash": "7824141d68e3990a209a165005a2e2bf", "id": 6}, {"snippet": "XTO Energy will prepare a final settlement statement and submit it to Buyer within one hundred and fifty (150) days after the Closing Date (the \u201cFinal Settlement Statement\u201d). The Final Settlement Statement will deduct royalties, operating expenses, taxes, overhead, and other amounts due to XTO Energy from amounts due to Buyer as provided in this Agreement, with adjustments as necessary for items identified after Closing. XTO Energy may set off any resulting amount due to Buyer against amounts that Buyer may otherwise owe to XTO Energy or its Affiliates when the Final Settlement Statement is prepared. Buyer must respond in writing with objections and proposed corrections within thirty (30) days of receiving the Final Settlement Statement. If the Parties cannot resolve their differences within ninety (90) days of XTO Energy\u2019s receipt of Buyer\u2019s objections, then the alternate-dispute-resolution and arbitration procedures of Article 17 will be triggered. If Buyer does not respond to the Final Settlement Statement by signing or objecting in writing within the 30-day period, the statement will be deemed approved by Buyer. After approval of the Final Settlement Statement, XTO Energy will send a check or invoice to Buyer for the net amount. If payment is not made within thirty (30) days of Buyer\u2019s receiving the invoice, the amount due may, at XTO Energy\u2019s option, bear interest at a rate of twelve percent (12%) percent per annum or the maximum lawful rate, whichever is less, compounded daily from the date of Buyer\u2019s receipt of the invoice until paid. Inquiries regarding the Final Settlement Statement must be in writing, addressed to: ExxonMobil Production Company \u2587.\u2587. \u2587\u2587\u2587 \u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587\u2587\u2587, \u2587\u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587-\u2587\u2587\u2587\u2587 Attention: Planning Department, Asset Enhancement Manager", "snippet_links": [{"key": "to-buyer", "type": "definition", "offset": [67, 75]}, {"key": "after-the-closing-date", "type": "clause", "offset": [116, 138]}, {"key": "the-final", "type": "clause", "offset": [175, 184]}, {"key": "operating-expenses", "type": "definition", "offset": [229, 247]}, {"key": "other-amounts-due", "type": "clause", "offset": [270, 287]}, {"key": "in-this-agreement", "type": "clause", "offset": [340, 357]}, {"key": "necessary-for", "type": "definition", "offset": [379, 392]}, {"key": "after-closing", "type": "definition", "offset": [410, 423]}, {"key": "buyer-may", "type": "definition", "offset": [503, 512]}, {"key": "buyer-must", "type": "clause", "offset": [608, 618]}, {"key": "respond-in-writing", "type": "definition", "offset": [619, 637]}, {"key": "within-thirty", "type": "clause", "offset": [679, 692]}, {"key": "the-parties", "type": "clause", "offset": [751, 762]}, {"key": "of-buyer", "type": "clause", "offset": [844, 852]}, {"key": "arbitration-procedures", "type": "definition", "offset": [909, 931]}, {"key": "article-17", "type": "definition", "offset": [935, 945]}, {"key": "respond-to", "type": "clause", "offset": [983, 993]}, {"key": "by-signing", "type": "clause", "offset": [1025, 1035]}, {"key": "day-period", "type": "definition", "offset": [1074, 1084]}, {"key": "the-statement", "type": "clause", "offset": [1086, 1099]}, {"key": "by-buyer", "type": "clause", "offset": [1124, 1132]}, {"key": "approval-of", "type": "definition", "offset": [1140, 1151]}, {"key": "invoice-to", "type": "clause", "offset": [1216, 1226]}, {"key": "net-amount", "type": "definition", "offset": [1241, 1251]}, {"key": "rate-of", "type": "clause", "offset": [1397, 1404]}, {"key": "per-annum", "type": "definition", "offset": [1434, 1443]}, {"key": "maximum-lawful-rate", "type": "definition", "offset": [1451, 1470]}, {"key": "date-of", "type": "clause", "offset": [1517, 1524]}, {"key": "addressed-to", "type": "clause", "offset": [1639, 1651]}, {"key": "production-company", "type": "definition", "offset": [1664, 1682]}, {"key": "planning-department", "type": "definition", "offset": [1734, 1753]}], "samples": [{"hash": "gA5JvgWxCxv", "uri": "/contracts/gA5JvgWxCxv#final-settlement-statement", "label": "Purchase and Sale Agreement (Dynamic Offshore Resources, Inc.)", "score": 22.9739894867, "published": true}, {"hash": "32Fc2M5jWUO", "uri": "/contracts/32Fc2M5jWUO#final-settlement-statement", "label": "Purchase and Sale Agreement (Dynamic Offshore Resources, Inc.)", "score": 20.9438743591, "published": true}], "size": 5, "hash": "a51d0fa6dfbcb364f4f0553e0d975fad", "id": 10}, {"snippet": "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. Buyer shall respond with objections and proposed corrections within thirty (30) days of the issuance of the Final", "snippet_links": [{"key": "subsequent-to-closing", "type": "clause", "offset": [32, 53]}, {"key": "seller-shall", "type": "clause", "offset": [68, 80]}, {"key": "after-closing", "type": "definition", "offset": [161, 174]}, {"key": "buyer-shall", "type": "clause", "offset": [176, 187]}, {"key": "within-thirty", "type": "clause", "offset": [237, 250]}, {"key": "the-final", "type": "clause", "offset": [280, 289]}], "samples": [{"hash": "58AykZz4zwF", "uri": "/contracts/58AykZz4zwF#final-settlement-statement", "label": "Purchase and Sale Agreement (Goodrich Petroleum Corp)", "score": 18.0, "published": true}], "size": 8, "hash": "c89f6226966040e4c2a5c2901e49d2cc", "id": 5}, {"snippet": "As soon as practicable after the Closing, but in no event later than ninety (90) days after Closing, Seller shall prepare and deliver to Buyer, in accordance with this Agreement and generally accepted accounting principles, a statement (\"Final Settlement Statement\") setting forth each adjustment (other than adjustments for Title Defects) finally determined as of Closing and showing the calculation of such adjustments. Within thirty (30) days after receipt of the Final Settlement Statement, Buyer shall deliver to Seller a written report containing any changes that Buyer proposes be made in good faith to resolve any questions with respect to the amounts due pursuant to such Final Settlement Statement no later than one hundred twenty (120) days after the Closing.", "snippet_links": [{"key": "as-soon-as-practicable", "type": "definition", "offset": [0, 22]}, {"key": "after-the-closing", "type": "clause", "offset": [23, 40]}, {"key": "in-no-event", "type": "clause", "offset": [46, 57]}, {"key": "after-closing", "type": "definition", "offset": [86, 99]}, {"key": "seller-shall", "type": "clause", "offset": [101, 113]}, {"key": "deliver-to-buyer", "type": "clause", "offset": [126, 142]}, {"key": "in-accordance-with", "type": "clause", "offset": [144, 162]}, {"key": "this-agreement", "type": "clause", "offset": [163, 177]}, {"key": "generally-accepted-accounting-principles", "type": "definition", "offset": [182, 222]}, {"key": "adjustments-for-title-defects", "type": "clause", "offset": [309, 338]}, {"key": "finally-determined", "type": "definition", "offset": [340, 358]}, {"key": "as-of-closing", "type": "clause", "offset": [359, 372]}, {"key": "calculation-of", "type": "definition", "offset": [389, 403]}, {"key": "within-thirty", "type": "clause", "offset": [422, 435]}, {"key": "after-receipt-of", "type": "clause", "offset": [446, 462]}, {"key": "the-final", "type": "clause", "offset": [463, 472]}, {"key": "buyer-shall", "type": "clause", "offset": [495, 506]}, {"key": "seller-a", "type": "definition", "offset": [518, 526]}, {"key": "written-report", "type": "definition", "offset": [527, 541]}, {"key": "in-good-faith", "type": "clause", "offset": [593, 606]}, {"key": "with-respect-to", "type": "clause", "offset": [632, 647]}, {"key": "amounts-due", "type": "clause", "offset": [652, 663]}, {"key": "pursuant-to-such", "type": "clause", "offset": [664, 680]}, {"key": "statement-no", "type": "clause", "offset": [698, 710]}], "samples": [{"hash": "kYp5mvW12wz", "uri": "/contracts/kYp5mvW12wz#final-settlement-statement", "label": "Purchase and Sale Agreement (Delta Petroleum Corp/Co)", "score": 18.0, "published": true}, {"hash": "8iKlBx79wSq", "uri": "/contracts/8iKlBx79wSq#final-settlement-statement", "label": "Purchase and Sale Agreement (Castle Energy Corp)", "score": 18.0, "published": true}, {"hash": "1F7V1Zoj6uX", "uri": "/contracts/1F7V1Zoj6uX#final-settlement-statement", "label": "Purchase and Sale Agreement (Delta Petroleum Corp/Co)", "score": 18.0, "published": true}], "size": 8, "hash": "fe5314a174ea0658c8e91e6daded9faa", "id": 4}], "next_curs": "CmMSXWoVc35sYXdpbnNpZGVyY29udHJhY3Rzcj8LEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IiNmaW5hbC1zZXR0bGVtZW50LXN0YXRlbWVudCMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"children": [["final-settlement", "Final Settlement"], ["preparation", "Preparation"], ["", ""], ["assignment", "Assignment"], ["neither-party-drafter", "Neither Party Drafter"]], "title": "Final Settlement Statement", "parents": [["purchase-price", "Purchase Price"], ["post-closing-adjustments", "Post Closing Adjustments"], ["consideration", "Consideration"], ["post-closing-obligations", "Post Closing Obligations"], ["adjustments-after-closing", "Adjustments After Closing"]], "size": 253, "id": "final-settlement-statement", "related": [["preliminary-settlement-statement", "Preliminary Settlement Statement", "Preliminary Settlement Statement"], ["settlement-statement", "Settlement Statement", "Settlement Statement"], ["final-settlement", "Final Settlement", "Final Settlement"], ["closing-statement", "Closing Statement", "Closing Statement"], ["final-closing-statement", "Final Closing Statement", "Final Closing Statement"]], "related_snippets": [], "updated": "2026-03-14T06:33:37+00:00"}, "json": true, "cursor": ""}}