Price Adjustment Limitations. The aggregate downward adjustment (if any) of the Base Purchase Price which results from the procedures set forth in Sections 5(c), 7 and 14 does not exceed fifteen percent (15%) of the Base Purchase Price.
Price Adjustment Limitations. The aggregate downward adjustment (if any) to the Purchase Price which results from the procedures set forth in Article VII (excluding unobtained Consents treated as a Defect) and Article XIII does not exceed fifteen percent (15%) of the unadjusted Purchase Price.
Price Adjustment Limitations. The aggregate downward adjustment (if any) of the Purchase Price which results from the procedures set forth in Section 7 does not exceed Fifty Thousand Dollars ($50,000).
Price Adjustment Limitations. The aggregate upward adjustment (if any) to the Base Purchase Price which results from the procedures set forth in Sections 6.5 and Article VII does not exceed ten (10%) percent of the Base Purchase Price. If any such condition on the obligations of Buyer under this Agreement is not met as of the Closing Date, or in the event the Closing does not occur on or before the Closing Date, and (in either case) Buyer is not in breach of its obligations hereunder in the absence of Seller being in breach of its obligations hereunder, this Agreement may, at the option of Buyer, be terminated. In the event such a termination by Buyer occurs the parties shall have no further obligations to one another hereunder (other than the obligations under Sections 6.3 and 12.4 hereof all of which will survive such termination). In the event of such a termination by Buyer, the Deposit will be refunded to Buyer. With respect to any condition set forth above which is not met (and which is asserted by Buyer as a failure of one of its conditions of Closing), and for which the reasons why such condition is not met relate to some, but less than all, of the Properties, Seller may require that such failure of such condition to be met be treated as an uncured Asserted Defect and handled in accordance with the process set forth in Section 7.5 above, and, if Seller so requires such handling, such condition will be considered met for the purposes of this Section. If Buyer proceeds to Closing with knowledge of any condition precedent above not being met by Seller, such condition precedent will be deemed waived by Buyer as a condition to Close and Buyer hereby waives any claim for a breach of representation and warranty related thereto.
Price Adjustment Limitations. The aggregate downward adjustments (if any) to the Purchase Price which result from the procedures set forth in Article IV do not exceed twenty percent (20%) of the Purchase Price, exclusive of the Affected Acreage.
Price Adjustment Limitations. The aggregate downward adjustment (if any) to the Purchase Price which results from the procedures set forth in Article VII (excluding those matters set forth on Exhibit 7.2(c) and the Properties excluded due to a Defect election pursuant to Section 6.2 (being the Properties excluded for refusal of invasive environmental testing) and the Excluded Seller Properties) and Article XIII does not exceed fifteen percent (15%) of the unadjusted Purchase Price.
Price Adjustment Limitations. The aggregate net downward adjustment (if any) of the Purchase Price which results from the procedures set forth in Section 7 does not exceed fifteen percent (15%) of the Base Purchase Price. If any such condition on the obligations of Buyer under this Agreement is not met as of the Closing Date, or in the event the Closing does not occur on or before March 26, 1999, and (in either case) Buyer is not in material breach of its obligations hereunder in the absence of Seller being in material breach of its obligations hereunder, this Agreement may, at the option of Buyer, be terminated. In the event such a termination by Buyer occurs the parties shall have no further obligations to one another hereunder (other than the obligations under Sections 5(a)(ii) and 13 hereof all of which will survive such termination). With respect to any condition set forth above (other than condition (c) or (d), which is not met (and which is asserted by Buyer as a failure of one of its conditions of Closing), and for which the reasons why such condition is not met relate to some portion of, but less than all of, the NPI, Seller may require that such failure of such condition to be met be treated as an uncured Asserted Defect and handled in accordance with the process set forth in Section 7 above, and, if Seller so requires such handling, such condition will be considered met for the purposes of this Section.
Price Adjustment Limitations. The aggregate net downward adjustment (if any) to the Base Purchase Price which results from the procedures set forth in Section 7 does not exceed fifteen percent (15%) of the Base Purchase Price. If any such condition on the obligations of Seller under this Agreement is not met as of the Closing Date, or in the event the Closing does not occur on or before March 26, 1999, and (in either case) Seller is not in material breach of its obligations hereunder in the absence of Buyer being in material breach of its obligations hereunder, this Agreement may, at the option of Seller, be terminated, in which case the parties shall have no further obligations to one another hereunder (other than the obligations under Sections 5(a)(ii) and 13 hereof, all of which will survive such termination).
Price Adjustment Limitations. The aggregate downward adjustment (if any) to the Cash Purchase Price which results from the procedures set forth in Sections 6(c), 7 and 8 does not exceed ten percent (10%) of the Cash Purchase Price. If any such condition on the obligations of Seller under this Agreement is not met as of the Closing Date, or in the event the Closing does not occur on or before the Closing Date, and (in either case) Seller is not in material breach of its obligations hereunder in the absence of Buyer being in breach of its obligations hereunder, this Agreement may, at the option of Seller, be terminated, in which case the parties shall have no further obligations to one another hereunder (other than the obligations under Sections 3, 6(a)(iii) and 14 hereof or claims one Party may have against the other Party for a breach of contract or misrepresentation, all of which will survive such termination). If Seller proceeds to Closing with knowledge of any condition precedent above not being met by Buyer, such condition precedent will be deemed waived by Seller as a condition to close, and Seller hereby waives all claims for a breach of representation or warranty related thereto. In the event of such a termination by Seller, the Deposit will be refunded to Buyer, unless (i) the conditions which are not met include condition (a) or (b) above or (ii) Buyer shall otherwise have breached this Agreement, in which event the Deposit shall be retained by Seller.
Price Adjustment Limitations. The aggregate downward adjustment (if any) of the Purchase Price which results from the procedures set forth in Sections 6(c) and 8 does not exceed 10% of the Base Purchase Price; provided, however, such 10% of the Base Purchase Price shall have no bearing on the determination of whether a matter is material for any purposes of this Agreement.
