Common use of Closing Debt Clause in Contracts

Closing Debt. (i) If the Closing Debt is greater than the Estimated Debt, the Seller shall repay to the Purchaser by way of adjustment to the Purchase Price an amount equal to the excess; or

Appears in 3 contracts

Samples: Sale and Purchase Agreement, Business Sale Agreement (Scotts Miracle-Gro Co), Sale and Purchase Agreement (Scotts Miracle-Gro Co)

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Closing Debt. (i) If the Closing Debt is greater than the Estimated Debt, the Seller shall repay to the Purchaser by way of adjustment to the Purchase Price an amount equal to the excess; or

Appears in 1 contract

Samples: Share Purchase Agreement (Cott Corp /Cn/)

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