Common use of Net Adjustment Clause in Contracts

Net Adjustment. The Net Adjustment shall be the sum of the adjustment amounts described in Sections 3.3 and 3.4 (Title Defects), Section 8.5 (Gas Imbalances), Section 8.6 (Disapproved Operations), Section 8.8 (Working Capital) and Section 9.5 (Environmental Defects).

Appears in 2 contracts

Samples: Stock Purchase Agreement (Oneok Inc), Stock Purchase Agreement (Oneok Inc)

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Net Adjustment. The Net Adjustment shall be the sum of the adjustment amounts described in Sections 3.3 and 3.4 (Title Defects), Section 8.5 7.4 (Gas Imbalances), Section 8.6 7.5 (Disapproved Operations), Section 8.8 7.6 (Working CapitalPreferential Rights), Section 7.7 (Operations Subsequent to the Effective Time), Section 8.5 (Environmental Defects) and Section 9.5 9.3 (Environmental DefectsMaterial Adverse Changes).

Appears in 1 contract

Samples: Sale and Purchase Agreement (RLP Gulf States LLC)

Net Adjustment. The Net Adjustment shall be the sum of the adjustment amounts described in Sections 3.3 and 3.4 (Title Defects), Section 8.5 7.4 (Gas Imbalances), Section 8.6 7.5 (Disapproved Operations), Section 8.8 7.6 (Working CapitalPreferential Rights), Section 7.7 (Operations Subsequent to the Effective Time), Section 7.8 (Revenues in Suspense) and Section 9.5 8.5 (Environmental Defects). A Net Adjustment shall be calculated as to each Property Group.

Appears in 1 contract

Samples: Sale and Purchase Agreement (RLP Gulf States LLC)

Net Adjustment. The Net Adjustment shall be the sum of the adjustment amounts described in Sections 3.3 and Section 3.4 (Title Defects), Section 8.5 7.6 (Gas Imbalances), Section 8.6 (Disapproved Operations), Section 8.8 (Working CapitalOperations Subsequent to the Effective Time) and Section 9.5 8.5 (Environmental Defects).

Appears in 1 contract

Samples: Purchase and Sale Agreement (Ram Energy Resources Inc)

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Net Adjustment. The Net Adjustment (as limited by Article 3.7) shall -------------- be the sum of the adjustment amounts described in Sections 3.3 and 3.4 (Title Defects), Section 8.5 7.4 (Gas Imbalances), Section 8.6 7.5 (Disapproved Operations), Section 8.8 7.6 (Working CapitalPreferential Rights), Section 7.7 (Operations Subsequent to the Effective Time) and Section 9.5 8.5 (Environmental Defects).

Appears in 1 contract

Samples: Sale and Purchase Agreement (Gothic Energy Corp)

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