INCREASE IN PURCHASE PRICE. This Contract is conditioned upon Seller’s ability to complete the construction of the Residence at existing cost of materials and at the existing labor scale of wages. In the event that there is an increase in the cost of materials and/or in the labor scale of wages prior to the closing of title hereunder, Seller reserves the right to increase the sales price of the Residence in an amount to cover the said increases by giving written notice of such increase to Purchaser at the address set forth herein. Should Purchaser fail to notify Seller within ten (10) days after receipt of said notice of Purchaser’s consent to the increase in price, then, at the expiration of said ten (10) day period, this Contract shall be deemed terminated, cancelled and of no force and effect and Seller shall return to Purchaser all sums of money paid on account hereof, without interest, except for the approved extras already installed.
INCREASE IN PURCHASE PRICE. If (i) the Representative and the Buyer determine in good faith that a 338(h)
INCREASE IN PURCHASE PRICE. If the Purchase Price Adjustment reflects a net increase in the Purchase Price in excess of One Hundred Thousand Dollars ($100,000), UOP shall pay to the Company by bank wire transfer in immediately available Federal funds to an account designated in writing by the Company the sum of: (i) the Purchase Price Adjustment; and (ii) interest on the Purchase Price Adjustment computed at a rate compounded per annum equal to the prime commercial lending rate of Morgxx Xxxranty Trust Company of New York in effect on the Closing Date from the Closing Date to the date of settlement.
INCREASE IN PURCHASE PRICE. Seller shall be entitled to an increase in the Purchase Price with respect to any interest to which Seller has (i) record title ownership of a net revenue interest that is greater than the net revenue interest set forth on Exhibit A of this Agreement and/or (ii) an ownership interest in any Personal Property greater than the interest for such Asset set forth on Exhibit A (the "Additional Interest"). In the event that Seller is entitled to an adjustment, such adjustment shall be calculated in the same manner as downward adjustments to the Purchase Price.
INCREASE IN PURCHASE PRICE. At the Closing, Sellers shall receive an increase in Purchase Price equal to the sum of (i) the unpaid insurance retainage from American National relating to insurance products sold by Sellers through American National for each calendar month (up to a total of three calendar months, depending on when the Effective Time occurs) for which American National has not yet made a payment prior to the Effective Time, plus (ii) the commissions relating to Sellers’ sale of Continental Car Club memberships for the calendar month immediately preceding the Effective Time. The amounts payable under this Section 3(b) shall be calculated and paid at Closing as part of the Purchase Price. If and to the extent that the American National amounts payable pursuant to clause (i) have not yet been determined by American National for one or more calendar months, then the parties will negotiate in good faith to agree upon a binding estimate for any such month. Such binding estimate shall be based upon the methodologies used by American National in making its determinations, which the parties acknowledge may vary among individual insurance products, and will take into account the actual dollar amount of policies written during such periods, the applicable commission rates and the claims actually made during such periods.
INCREASE IN PURCHASE PRICE. If payment is made for a breach of a Buyer Warranty, the payment is to be treated as an increase in the Purchase Price.
INCREASE IN PURCHASE PRICE. If the Closing Date Net Working Capital is greater than the Target Net Working Capital, then the Purchase Price shall be increased by the dollar amount that the Closing Date Net Working Capital exceeds the Actual Closing Date Net Working Capital (the “Increase Amount”).
INCREASE IN PURCHASE PRICE. If the Purchaser increases the amount of the consideration payable for the Assets in a successful attempt to outbid a proponent of a higher and better offer at or after the Auction referred to in Section 8.1, then the Purchase Price shall automatically be increased by an equal amount and the Purchaser and Sellers shall execute a written instrument to memorialize the increased Purchase Price.
INCREASE IN PURCHASE PRICE. If there is an increase in the Purchase -------------------------- Price based upon the adjustment set forth in Section 4.5 hereof then the Buyer shall pay to the Seller the amount of the Working Capital Adjustment on or before ten (10) business days after the expiration of the Review Period (as hereinafter defined), unless the Seller objects to the Closing Balance Sheet in accordance with Section 4.6.
INCREASE IN PURCHASE PRICE. In the event that the 1997 EBIT exceeds $2,084,250, then (I) the amounts payable under the Contingent Note shall be increased by an amount equal to the product of (a) seven and (b) the excess of the 1997 EBIT over $1,985,000 and (II) the Minimum Targets and other target EBIT amounts upon which payments under the Contingent Note are determined ("EBIT Targets") shall be restated by multiplying them by a fraction, the numerator of which is the 1997 EBIT and the denominator of which is $1,985,000. The increase in the aggregate amount payable under the Contingent Note shall be allocated among the Holders pro rata based on the maximum amount payable to such Holders under the Contingent Note at the time of such increase.
