Common use of Final Purchase Price Clause in Contracts

Final Purchase Price. (a) The final purchase price for the Acquired Assets and the Assumed Liabilities (as may be finally determined pursuant to Section 3.6 and Section 3.8, the “Final Purchase Price”) shall be an amount, determined as of the Cut-Off Time, equal to the Purchase Price. If the Final Purchase Price is greater than the Estimated Purchase Price paid by Purchaser on the Closing Date, Purchaser shall, within five (5) Business Days following the determination of the Final Purchase Price, remit the difference to Parent, together with interest on such amount at the Federal Funds Rate divided by three hundred sixty five (365) for each day during the period from the Closing Date to the date of such payment. If the Final Purchase Price is less than the Estimated Purchase Price paid by Purchaser on the Closing Date, Parent shall, within five (5) Business Days following the determination of the Final Purchase Price, remit the difference to Purchaser together with interest on such amount at the Federal Funds Rate divided by three hundred sixty five (365) for each day during the period from the Closing Date to the date of such payment.

Appears in 2 contracts

Samples: Sale and Purchase Agreement (Cabela's Master Credit Card Trust), Sale and Purchase Agreement (Cabelas Inc)

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Final Purchase Price. (a) The final purchase price for the Acquired Assets and the Assumed Liabilities (as may be finally determined pursuant to Section 3.6 and Section 3.83.7, the “Final Purchase Price”) shall be an amount, determined as of the Cut-Off Cut‑Off Time, equal to the Purchase Price. If the Final Purchase Price for the Acquired Assets is greater than the Estimated Purchase Price paid by Purchaser on the Closing Date, Purchaser shall, within five (5) Business Days following the determination of the Final Purchase Price, remit the difference to ParentSeller, together with interest on such amount at the Federal Funds Rate divided by three hundred sixty five (365) for each day during the period from the Closing Date to the date of such payment. If the Final Purchase Price for the Acquired Assets is less than the Estimated Purchase Price paid by Purchaser on the Closing Date, Parent Seller shall, within five (5) Business Days following the determination of the Final Purchase Price, remit the difference to Purchaser together with interest on such amount at the Federal Funds Rate divided by three hundred sixty five (365) for each day during the period from the Closing Date to the date of such payment.

Appears in 1 contract

Samples: Sale and Purchase Agreement (Signet Jewelers LTD)

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