Suspense Funds. Buyer acknowledges that Suspense Funds may exist as of the Effective Time. Seller shall transfer at Closing any Suspense Funds held by Seller as operator of any Properties and the obligations with respect thereto to Buyer. This transfer shall be accounted for in the Final Accounting Statement. Subject to Article 6 and Article 8, if Closing occurs:
Appears in 3 contracts
Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Apache Corp), Purchase and Sale Agreement (Apache Corp)
Suspense Funds. Buyer acknowledges that Suspense Funds may exist as of the Effective Time. Seller shall transfer at Closing any Suspense Funds held by Seller as operator of any Properties and the obligations with respect thereto to Buyer. This transfer shall be accounted for in the Final Accounting Settlement Statement. Subject to Article 6 and Article 8, if Closing occurs:
Appears in 2 contracts
Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Linn Energy, LLC)
Suspense Funds. Buyer acknowledges that Suspense Funds may exist as of that are associated with the Effective TimeProperties and Buyer shall be responsible for such Suspense Funds after Closing. Seller shall transfer at Closing any all Suspense Funds held by Seller as operator of any Properties and the obligations with respect thereto obligation for the Suspense Funds to Buyer. This transfer shall be accounted for Buyer by adjustments to the Purchase Price in the Final Accounting Statement. Subject Notwithstanding anything contained in this Agreement to Article 6 and the contrary, including Article 8, if Closing occurs:
Appears in 1 contract
