Common use of Adjustment to the Purchase Price Clause in Contracts

Adjustment to the Purchase Price. The Purchase Price shall be reduced by the amount by which $7,250,000 exceeds the Net Book Value. The Net Book Value shall be the amount by which the aggregate book amount of the Purchased Assets exceeds the aggregate book amount of the Assumed Liabilities, all as determined in accordance with this Article III and as shown on the Closing Balance Sheet.

Adjustment to the Purchase Price. The Purchase Price shall be reduced by the amount by which $7,250,000 550,000 exceeds the Net Book Value. The Net Book Value shall be the amount by which the aggregate book amount of the Purchased Assets exceeds the aggregate book amount of the Assumed Liabilities, all as determined in accordance with this Article III and as shown on the Closing Balance Sheet.