Common use of Allocation of the Base Purchase Price Clause in Contracts

Allocation of the Base Purchase Price. Buyer, based on Buyer’s’ engineering report, has allocated the Base Purchase Price among the Assets as set forth on Exhibit B. Buyer and Sellers agree to use the values so allocated as the values for the individual Assets when filing all tax returns. The value so allocated to a particular Asset may be referred to as the “Allocated Value” for that Asset. The percentage and ownership (as between Sellers) of W▇▇▇▇ affected by Allocated Value shall also be used by the Sellers in distributing both the Base Purchase Price and any Additional Purchase Price.