Common use of Post-Closing Adjustment Clause in Contracts

Post-Closing Adjustment. If after XXX, the parties discover any errors in adjustments and apportionments or additional information becomes available which would render the closing prorations materially inaccurate, the same shall be corrected as soon after their discovery as possible. The provision of this Section 23(b) shall survive XXX except that no adjustment shall be made later than two (2) months after XXX unless prior to such date the Party seeking the adjustment shall have delivered a written notice to the other Party specifying the nature and basis for such claim. In the event that such claim is valid, the Party against whom the claim is sought shall have ten (10) days in which to remit any adjustment due.

Appears in 6 contracts

Samples: Master Purchase Agreement (Cole Credit Property Trust Iv, Inc.), Purchase Agreement and Escrow Instructions (Cole Credit Property Trust II Inc), Purchase Agreement (Cole Credit Property Trust II Inc)

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Post-Closing Adjustment. If after XXXXXX (but subject to the time limitation in the following sentence), the parties discover any errors in adjustments and apportionments or additional information becomes available which would render the closing prorations materially inaccurate, the same shall be corrected as soon after their discovery as possible. The provision of this Section 23(b) shall survive XXX except that no adjustment shall be made later than two twelve (212) months after XXX unless prior to such date the Party seeking the adjustment shall have delivered a written notice to the other Party specifying the nature and basis for such claim. In the event that such claim is valid, the Party against whom the claim is sought shall have ten (10) days in which to remit any adjustment due.

Appears in 1 contract

Samples: Purchase Agreement (Cole Corporate Income Trust, Inc.)

Post-Closing Adjustment. If after XXXthe Closing, the parties Parties discover any errors in adjustments and apportionments or additional information becomes available which would render the closing prorations materially inaccurate, the same shall be corrected as soon after their discovery as possible. The provision of this Section 23(b) shall survive XXX except that ; provided, however, no adjustment (except as to taxes) shall be made later than two eighteen (218) months after XXX the Closing Date unless prior to such date the Party seeking the adjustment shall have delivered a written notice to the other Party specifying the nature and basis for such claim. In the event that such claim is valid, the Party against whom the claim is sought shall have ten (10) days in which to remit any adjustment due.

Appears in 1 contract

Samples: Purchase Agreement (Superior Drilling Products, Inc.)

Post-Closing Adjustment. If after XXX, the parties discover any errors in adjustments and apportionments or additional information becomes available which would render the closing prorations materially inaccurate, the same shall be corrected as soon after their discovery as possible. The provision of this Section 23(b) shall survive XXX except that no adjustment shall be made later than two nine (29) months after XXX unless prior to such date the Party seeking the adjustment shall have delivered a written notice to the other Party specifying the nature and basis for such claim. In the event that such claim is valid, the Party against whom the claim is sought shall have ten (10) days in which to remit any adjustment due.

Appears in 1 contract

Samples: Master Purchase Agreement (Cole Credit Property Trust Iv, Inc.)

Post-Closing Adjustment. If after XXX, the parties Parties discover any errors in adjustments and apportionments or additional information becomes available which would render the closing prorations materially inaccurate, the same shall be corrected as soon after their discovery as possible. The provision of this Section 23(b23(e) shall survive XXX except that no adjustment shall be made later than two (2) months after XXX unless prior to such date the Party seeking the adjustment shall have delivered a written notice to the other Party specifying the nature and basis for such claim. In the event that such claim is valid, the Party against whom the claim is sought shall have ten (10) days in which to remit any adjustment due.

Appears in 1 contract

Samples: Purchase Agreement and Escrow Instructions (Cole Credit Property Trust II Inc)

Post-Closing Adjustment. If after XXX, the parties discover any errors in adjustments and apportionments or additional information becomes available which would render the closing prorations materially inaccurate, the same shall be corrected as soon after their discovery as possible. The provision provisions of this Section 23(b) Paragraph 23.1 shall survive XXX except that no adjustment shall be made later than two (2) months after XXX unless prior to such date the Party seeking the adjustment shall have delivered a written notice to the other Party specifying the nature and basis for such claim. In the event that such claim is valid, the Party against whom the claim is sought shall have ten (10) days in which to remit any adjustment due. Notwithstanding anything to the contrary herein, real estate taxes may be adjusted, if necessary, upon receipt by either party of the final tax xxxx for the year in which XXX occurs.

Appears in 1 contract

Samples: Purchase Agreement (Cole Credit Property Trust II Inc)

Post-Closing Adjustment. If If, after XXXthe Closing, the parties Parties discover any errors in adjustments and apportionments or additional information becomes available which would render the closing prorations materially inaccurate, the same shall be corrected as soon after their discovery as possible. The provision of this Section 23(b) shall survive XXX the Closing except that no adjustment shall be made later than two twelve (212) months after XXX the Closing unless prior to such date the Party seeking the adjustment shall have delivered a written notice to the other Party specifying the nature and basis for such claim. In the event that such claim is valid, the Party against whom the claim is sought shall have ten (10) days in which to remit any adjustment due.

Appears in 1 contract

Samples: Purchase Agreement

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Post-Closing Adjustment. If after XXX, the parties discover any errors in adjustments and apportionments or additional information becomes available which would render the closing prorations materially inaccurate, the same shall be corrected as soon after their discovery as possible. The provision of this Section 23(b24(b) shall survive XXX except that no adjustment shall be made later than two (2) months after XXX unless prior to such date the Party seeking the adjustment shall have delivered a written notice to the other Party specifying the nature and basis for such claim. In the event that such claim is valid, the Party against whom the claim is sought shall have ten (10) days in which to remit any adjustment due.

Appears in 1 contract

Samples: Assignment of Purchase Agreement and Escrow Instructions (Cole Credit Property Trust II Inc)

Post-Closing Adjustment. If after XXXCXX, the parties discover any errors in adjustments and apportionments or additional information becomes available which would render the closing prorations materially inaccurate, the same shall be corrected as soon after their discovery as possible. The provision of this Section 23(b) shall survive XXX CXX except that no adjustment shall be made later than two eighteen (218) months after XXX CXX unless prior to such date the Party seeking the adjustment shall have delivered a written notice to the other Party specifying the nature and basis for such claim. In the event that such claim is valid, the Party against whom the claim is sought shall have ten (10) days in which to remit any adjustment due.

Appears in 1 contract

Samples: Master Purchase Agreement (Cole Credit Property Trust II Inc)

Post-Closing Adjustment. If after XXX, the parties discover any errors in adjustments and apportionments or additional information becomes available which would render the closing prorations materially inaccurate, the same shall be corrected as soon after their discovery as possible. The provision of this Section 23(b) shall survive XXX except that no adjustment shall be made later than two eighteen (218) months after XXX unless prior to such date the Party seeking the adjustment shall have delivered a written notice to the other Party specifying the nature and basis for such claim. In the event that such claim is valid, the Party against whom the claim is sought shall have ten (10) days in which to remit any adjustment due.

Appears in 1 contract

Samples: Assignment Agreement (Cost U Less Inc)

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