Exclusion of Affected Asset. If prior to Closing Buyer and Seller agree to exclude an Asset affected by an Environmental Defect pursuant to Section 8.2.1(i), then such Asset shall be excluded from the Assets and this Agreement and the Base Purchase Price to be paid at Closing shall be reduced by an amount equal to the Allocated Value of each such Asset.
Appears in 2 contracts
Sources: Purchase and Sale Agreement, Purchase and Sale Agreement (Magnum Hunter Resources Corp)