Title Benefits. (a) If a Party discovers any Title Benefit affecting the Assets, it shall promptly notify the other Party in writing thereof on or before the expiration of the Defective Interest Notice Date. Subject to Section 3.4(a), Seller shall be entitled to an upward adjustment to the Preliminary Purchase Price pursuant to Section 2.4(a)(v) with respect to all Title Benefits, in an amount determined in accordance with Section 3.4(c). For purposes of this Agreement, the term “
Appears in 2 contracts
Samples: Agreement, Agreement for Purchase and Sale (Forest Oil Corp)
Title Benefits. (a) If a Party discovers any Title Benefit affecting the Assets, it shall promptly notify the other Party in writing thereof on or before the expiration of the Defective Interest Notice Date. Subject to Section 3.4(a), Seller shall be entitled to an upward adjustment to the Preliminary Purchase Price pursuant to Section 2.4(a)(v) with respect to all Title Benefits, in an amount determined in accordance with Section 3.4(c). For purposes of this Agreement, the term “
Appears in 2 contracts
Title Benefits. (a) If a Party discovers any Title Benefit affecting the Assets, it shall promptly notify the other Party in writing thereof on or before the expiration of the Defective Interest Notice Date. Subject to Section 3.4(a), Seller Sellers shall be entitled to an upward adjustment to the Preliminary Purchase Price pursuant to Section 2.4(a)(v2.4(a)(vi) with respect to all Title Benefits, in an amount determined in accordance with Section 3.4(c). For purposes of this Agreement, the term “
Appears in 2 contracts
Samples: Agreement for Purchase and Sale (Forest Oil Corp), Agreement (Sandridge Energy Inc)
Title Benefits. (a) If a Party discovers any Title Benefit affecting the Assets, it shall promptly notify the other Party in writing thereof on or before the expiration of the Defective Interest Notice Date. Subject to Section 3.4(a) and 3.4(b), Seller shall be entitled to an upward adjustment to the Preliminary Purchase Price pursuant to Section 2.4(a)(v2.4(a)(vi) with respect to all Title Benefits, in an amount determined in accordance with Section 3.4(c). For purposes of this Agreement, the term “
Appears in 1 contract
Samples: Agreement (Forest Oil Corp)
Title Benefits. (a) If a Party discovers any Title Benefit affecting the Assets, it shall promptly notify the other Party in writing thereof on or before the expiration of the Defective Interest Notice Date. The notice shall include: (1) description of the Title Benefits and Assets affected; (2) amount by which Party reasonably believes Allocated Value of Properties is increased; and (3) computations upon which Party’s beliefs are based. Subject to Section 3.4(a), Seller Sellers shall be entitled to an upward adjustment to the Preliminary Purchase Price pursuant to Section 2.4(a)(v2.4(a)(vi) with respect to all Title Benefits, in an amount determined in accordance with Section 3.4(c). For purposes of this Agreement, the term “
Appears in 1 contract
Samples: Agreement (Forest Oil Corp)
Title Benefits. (a) If a Party discovers any Title Benefit affecting the Assets, it shall promptly notify the other Party in writing thereof on or before the expiration of the Defective Interest Notice Date. Subject to Section 3.4(a) and 3.4(b), Seller shall be entitled to an upward adjustment to the Preliminary Purchase Price pursuant to Section 2.4(a)(v2.4(a)(vi) with respect to all Title Benefits, in an amount determined in accordance with Section 3.4(c). For purposes of this Agreement, the term “"
Appears in 1 contract
Samples: Agreement (Linn Energy, LLC)
Title Benefits. (a) If a Party discovers any Title Benefit affecting the Assets, it shall promptly notify the other Party in writing thereof on or before the expiration of the Defective Interest Notice Date. Subject to Section 3.4(a), Seller shall be entitled to an upward adjustment to the Preliminary Purchase Price pursuant to Section 2.4(a)(v2.4(a)(vi) with respect to all Title Benefits, in an amount determined in accordance with Section 3.4(c3.4 (c). For purposes of this Agreement, the term “
Appears in 1 contract
Samples: Agreement
Title Benefits. (a) If a Party discovers any Title Benefit affecting the Assets, it shall promptly notify the other Party in writing thereof on or before the expiration of the Defective Interest Notice Date. Subject to Section 3.4(a), Seller shall be entitled to an upward adjustment to the Preliminary Purchase Price pursuant to Section 2.4(a)(v2.4(a)(vi) with respect to all Title Benefits, in an amount determined in accordance with Section 3.4(c). For purposes of this Agreement, the term “
Appears in 1 contract
Samples: Agreement (Forest Oil Corp)