Current Items Amount. Buyer or Seller, as appropriate, shall pay to the other (by increasing or decreasing the Purchase Price paid by Buyer to Seller at Closing) the net amount of the adjustments and prorations effected pursuant to Sections 2.5.1, 2.5.2 and 2.5.3 below (the "Current Items Amount"). The adjustments provided for herein shall be made in accordance with generally accepted accounting principles ("GAAP") as of 11:59 p.m. (Huntsville, Alabama time) on the last day of the month during which the Closing occurs (the "Adjustment Time").
Appears in 3 contracts
Samples: Asset Purchase Agreement (Knology Holdings Inc /Ga), Asset Purchase Agreement (Knology Holdings Inc /Ga), Asset Purchase Agreement (Knology Holdings Inc /Ga)
Current Items Amount. Buyer or Seller, as appropriate, shall pay to -------------------- the other (by increasing or decreasing the Purchase Price paid by Buyer to Seller at the Closing) the net amount of the adjustments and prorations effected pursuant to Sections 2.5.1, 2.5.2 2.6.1 and 2.5.3 2.6.2 below (the "Current Items Amount"). The adjustments ------------------------ provided for herein shall be made in accordance with generally accepted accounting principles ("GAAP") applied on a consistent basis as of the close of business (11:59 p.m. (Huntsvillep.m., Alabama mountain time) on the last day of the month during which immediately preceding the Closing occurs Date (the "Adjustment Time").
Appears in 3 contracts
Samples: Asset Purchase Agreement (Mediacom LLC), Asset Purchase Agreement (Jones Cable Income Fund 1-C LTD), Asset Purchase Agreement (Mediacom Capital Corp)