Closing Purchase Price. The Purchase Price to be used for the purposes of Closing (the "Closing Purchase Price") shall be the Base Price, the items described in subsections 3.05(g) and (h), and the Estimated Adjustments to Base Price computed as follows: (i) If the Estimated Adjustments to Base Price shown in the Closing Statement on the Closing Date is negative, then the Purchase Price shall be reduced by the amount of such Estimated Adjustments to Base Price, or (ii) If the Estimated Adjustments to Base Price shown in the Closing Statement is positive, then the Purchase Price shall be increased by the amount of such Estimated Adjustments to Base Price.
Appears in 3 contracts
Sources: Option and Purchase Agreement (Petro Source Corp), Option and Purchase Agreement (Foreland Corp), Option and Purchase Agreement (Foreland Corp)