Common use of Cash On Hand Adjustment Clause in Contracts

Cash On Hand Adjustment. If the Cash On Hand as finally determined pursuant to Section I.E.1 above is greater than the Estimated Cash On Hand, Buyer or the Company shall pay to each Seller such Seller’s Percentage Share of such excess in accordance with Section I.E.3. If the Cash On Hand as finally determined pursuant to Section I.E.1 above is less than the Estimated Cash On Hand, Buyer shall be paid such shortfall in accordance with Section I.E.3.

Appears in 1 contract

Samples: Securities Purchase Agreement (Idex Corp /De/)

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Cash On Hand Adjustment. If the Cash On on Hand as finally determined pursuant to Section I.E.1 1.05(a) above is greater than the Estimated Cash On on Hand, Buyer or the Company shall pay to each Seller such Seller’s Percentage Share of such excess shall result in an increase in the Estimated Purchase Price in accordance with Section I.E.31.05(c). If the Cash On on Hand as finally determined pursuant to Section I.E.1 1.05(a) above is less than the Estimated Cash On on Hand, Buyer shall be paid such shortfall shall result in a decrease in the Estimated Purchase Price in accordance with Section I.E.31.05(c).

Appears in 1 contract

Samples: Stock Purchase Agreement (Green Plains Inc.)

Cash On Hand Adjustment. If the Cash On on Hand as finally determined pursuant to Section I.E.1 1.04(b) above is greater than the Estimated Cash On on Hand, Buyer or the Company shall pay to each Seller such Seller’s Percentage Share of such the excess in accordance with Section I.E.31.04(d). If the Cash On on Hand as finally determined pursuant to Section I.E.1 1.04(b) above is less than the Estimated Cash On on Hand, Buyer Seller shall be paid pay such shortfall to Buyer in accordance with Section I.E.31.04(d).

Appears in 1 contract

Samples: Stock Purchase Agreement (Live Nation, Inc.)

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Cash On Hand Adjustment. If the Cash On on Hand as finally determined pursuant to Section I.E.1 1.04(a) above is greater than the Estimated Cash On on Hand, Buyer or the Company shall pay to each Seller such Seller’s Percentage Share of such excess shall result in an increase in the Estimated Purchase Price in accordance with Section I.E.31.04(c). If the Cash On on Hand as finally determined pursuant to Section I.E.1 1.04(a) above is less than the Estimated Cash On on Hand, Buyer shall be paid such shortfall shall result in a decrease in the Estimated Purchase Price in accordance with Section I.E.31.04(c).

Appears in 1 contract

Samples: Stock Purchase Agreement (Green Plains Inc.)

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