Common use of Attempt to Agree Clause in Contracts

Attempt to Agree. With respect to each Title Defect that is not an Indemnified Title Defect and that the Parties do not agree has been waived or cured under Section 5.6 (each, an “Open Title Defect”) and each Interest Addition, from the receipt by Seller of Purchaser’s Notice of Title Defects until the Final Settlement Date or the earlier acknowledgement of Purchaser in writing that it is not entitled to a Title Defect Adjustment, Purchaser and Seller shall attempt in good faith to agree on the existence and associated Title Defect Value of each such Open Title Defect, and the existence and associated value of each such Interest Addition.

Appears in 2 contracts

Sources: Purchase and Sale Agreement, Purchase and Sale Agreement (Unit Corp)

Attempt to Agree. With respect to each Title Defect that is not an Indemnified Title Defect and that the Parties do not agree has been waived or cured under Section 5.6 5.3(a) or Section 5.3(b) (each, an “Open Title Defect”) and each Interest Addition), from the receipt by Seller Sellers of Purchaser’s Notice of Title Defects until the Final Settlement Date Closing or the earlier acknowledgement of Purchaser in writing that it is not entitled to a Defect Adjustment in connection with Title Defect AdjustmentDefects, Purchaser and Seller Sellers shall attempt in good faith to agree on the existence and associated Title Defect Value of each such Open Title Defect, and the existence and associated value of each such Interest Addition.

Appears in 1 contract

Sources: Membership Interest Purchase and Sale Agreement (Carbon Energy Corp)