If any property or asset of any Contributed Entity is taken by condemnation after the Execution Date and prior to the Initial Closing (a Initial Closing Condemnation Loss), Crestwood shall prepare and deliver to CEGPS no later than 15 days following such event, a good faith and reasonable estimate of the sum of, without double-counting, # the value of such taken property or asset plus # the amount of any lost profits reasonably expected after the Initial Closing as a result of such Initial Closing Condemnation Loss, in each case of the [foregoing [clauses (i) and (ii)])]])], net of and after giving effect to the amount of any condemnation awards to be received by the Contributed Entities as a result of the Initial Closing Condemnation Loss (such calculation, an Initial Closing Condemnation Value Calculation). If CEGPS reasonably objects to the Initial Closing Condemnation Value Calculation prepared by Crestwood and delivers a Notice of such objection to Crestwood within 10 days of receipt of the Initial Closing Condemnation Value Calculation prepared by Crestwood, then Crestwood shall cause an independent firm selected by Crestwood and reasonably acceptable to CEGPS to prepare, within a 20-day period, an alternative Initial Closing Condemnation Value Calculation which shall be final, conclusive and binding on the Parties (the Initial Closing Condemnation Value). If CEGPS fails to object to the Initial Closing Condemnation Value Calculation prepared by Crestwood within 10 days of having received such calculation, then the Initial Closing Condemnation Value Calculation prepared by Crestwood shall be deemed to be the Initial Closing Condemnation Value. If the Initial Closing or the Initial End Date is expected to occur prior to the finalization of the Initial Closing Condemnation Value, then the Initial Closing Date shall be extended, if necessary, to no earlier than the 15th Business Day after such Initial Closing Condemnation Value is finalized and the Initial End Date shall be extended to no earlier than the 17th Business Day after such Initial Closing Condemnation Value is finalized.
If any property or asset of any Contributed EntityCrestwood Pipeline East is taken by condemnation (the Second Closing Condemnation Items) after the Execution DateInitial Closing and prior to the InitialSecond Closing (a InitialSecond Closing Condemnation Loss), Crestwood shall prepare and deliver to CEGPS no later than 15 days following such event, a good faith and reasonable estimate of the sum of, without double-counting, # the value of such taken property or asset plus # the amount of any lost profits reasonably expected after the InitialSecond Closing as a result of such InitialSecond Closing Condemnation Loss, in each case of the [foregoing [clauses (i) and (ii)])]])], net of and after giving effect to the amount of any condemnation awards to be received by the Contributed EntitiesCrestwood Pipeline East as a result of the InitialSecond Closing Condemnation Loss (such calculation, an Initiala Second Closing Condemnation Value Calculation). If CEGPS reasonably objects to the InitialSecond Closing Condemnation Value Calculation prepared by Crestwood and delivers a Notice of such objection to Crestwood within 10 days of receipt of the InitialSecond Closing Condemnation Value Calculation prepared by Crestwood, then Crestwood shall cause an independent firm selected by Crestwood and reasonably acceptable to CEGPS to prepare, within a 20-day period, an alternative InitialSecond Closing Condemnation Value Calculation which shall be final, conclusive and binding on the Parties (the InitialSecond Closing Condemnation Value). If CEGPS fails to object to the InitialSecond Closing Condemnation Value Calculation prepared by Crestwood within 10 days of having received such calculation, then the InitialSecond Closing Condemnation Value Calculation prepared by Crestwood shall be deemed to be the InitialSecond Closing Condemnation Value. If the InitialSecond Closing or the InitialSecond End Date is expected to occur prior to the finalization of the InitialSecond Closing Condemnation Value, then the InitialSecond Closing Date shall be extended, if necessary, to no earlier than the 15th Business Day after such InitialSecond Closing Condemnation Value is finalized and the InitialSecond End Date shall be extended to no earlier than the 17th Business Day after such InitialSecond Closing Condemnation Value is finalized.
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