Common use of Calculation of Adjustments Clause in Contracts

Calculation of Adjustments. (a) At the close of business on the day immediately preceding the Closing Date a representative of the Vendors and the Purchaser in each of the Stores will cause a physical count to be made of the following: (i) the amount of Canadian currency on hand: (ii) the amount of foreign currency on hand: and (iii) the Loan Portfolio. (b) The representatives of the Vendors and Purchaser at each Store shall set out the totals of the amounts referred to in Section 3.5 (a) (i)(ii)(iii) in writing, initial and fax a copy of the statement (“outlet statement”) to the Vendors’ Solicitor and Purchaser’s Solicitor. (c) The Vendors and the Purchaser shall receive all of the outlet statements at Closing, determine the Cash on Hand and the Loan Portfolio for all Stores. The foreign currency shall be valued in Canadian funds based on the cost to the Vendors to purchase the foreign currency as if purchased on the day before the Closing Date. (d) Should the Vendors or the Purchaser receive a payment from Western Union, Nextwave, Telepay or any other party for which the Vendors act as agent to provide services for the period both before and after the Effective Time, the party receiving payment shall forthwith reimburse the other party in respect of all such commissions earned up to the Effective Time or from and after the Effective Time as the case may be. (e) In the event that there is a dispute between the Vendors and Purchaser as to the adjustments to the Purchase Price contemplated in Sections 3.2 or 3.5 and the dispute is not resolved by the Closing Date then the parties shall proceed to complete the transaction and any adjustments in dispute shall be determined in accordance with the Adjustment Agreement.

Calculation of Adjustments. (a) At the close of business on the day immediately preceding the Closing Date a representative of the Vendors Vendor and the Purchaser in each of the Stores will cause a physical count to be made of the following: (i) the amount of Canadian currency on hand: (ii) the amount of foreign currency on hand: and (iii) the Loan Portfolio. (b) The representatives of the Vendors Vendor and Purchaser at each Store shall set out the totals of the amounts referred to in Section 3.5 (a) (i)(ii)(iii) in writing, initial and fax a copy of the statement (“outlet statement”) to the Vendors’ Vendor’s Solicitor and Purchaser’s Solicitor. (c) The Vendors Vendor and the Purchaser shall receive all of the outlet statements at Closing, determine the Cash on Hand and the Loan Portfolio for all Stores. The foreign currency shall be valued in Canadian funds based on the cost to the Vendors Vendor to purchase the foreign currency as if purchased on the day before the Closing Date. (d) Should the Vendors Vendor or the Purchaser receive a payment from Western Union, Nextwave, Telepay or any other party for which the Vendors act Vendor acts as agent to provide services for the period both before and after the Effective Time, the party receiving payment shall forthwith reimburse the other party in respect of all such commissions earned up to the Effective Time or from and after the Effective Time as the case may be. (e) In the event that there is a dispute between the Vendors Vendor and Purchaser as to the adjustments to the Purchase Price contemplated in Sections 3.2 or 3.5 and the dispute is not resolved by the Closing Date then the parties shall proceed to complete the transaction and any adjustments in dispute shall be determined in accordance with the Adjustment Agreement.