AMOUNT OF CLOSING PAYMENT Sample Clauses

AMOUNT OF CLOSING PAYMENT. (i) To the extent that Estimated Net Working Capital exceeds $2,694,000, the amount of the Closing Payment shall be adjusted upward from the Purchase Price in an amount equal to such excess; (ii) to the extent that Estimated Net Working Capital is less than $2,694,000, the Closing Payment shall be adjusted downward from the Purchase Price in an amount equal to such deficiency; and (iii) to the extent that there is any Estimated Net Debt, the Closing Payment shall be adjusted downward from the Purchase Price in an amount equal to such Estimated Net Debt and all accrued interest thereon and costs to retire such Net Debt.