Interim Adjustment. As soon as practicable, the Company will prepare and deliver to Centerprise a revised calculation of Net Working Capital reflecting all collections of AR up to the date 90 days from the Closing Date. Within 10 days of receipt of such calculation, Centerprise will deliver to the Member Representative a written report indicating the amount and nature of any adjustment to the Basic Purchase Consideration determined in accordance with Section 2.2.1 (the "Interim Adjustment").
Interim Adjustment. Section 2.2.3 IPO................................................. Introduction Knowledge........................................... Section 15.4 Latest Balance Sheet................................. Section 4.6 Laws................................................ Section 4.11 Leased Property................................... Section 4.14.1 Licenses............................................ Section 4.12 Liens.............................................. Section 4.3.2 Liquidated Damages Amount............................ Section 7.3 Losses............................................... Section 9.1
Interim Adjustment. Section 2.2.3 IPO.............................................................
Interim Adjustment. If at any time during the Lease Term, Landlord determines that the Projected Operating Costs attributable to the Leased Premises during any calendar year are anticipated to be in excess of the last Projected Operating Costs submitted to Tenant, Landlord may provide Tenant with a revised summary of Projected Operating Costs for such calendar year and advise Tenant of the sum by which Projected Operating Costs exceed the last Projected Operating Costs submitted to Tenant. In such event, Tenant shall pay to Landlord monthly during such calendar year as Additional Rent, a sum equal to one-twelfth (1/12) of the sum by which the Projected Operating Costs, as reflected in the revised summary, exceed the last Projected Operating Costs submitted to Tenant. Tenant shall also pay to Landlord as Additional Rent, one-twelfth (1/12) of such sum for each month or fractional month of the calendar year which has elapsed as of the date of such notice.
Interim Adjustment. To the extent applicable, the Purchase Price shall be decreased, dollar for dollar, by the amount, if any, by which the Estimated Retained Working Capital Calculation determined in accordance with Section 3.2.1(a)(ii) produces an amount greater than the Estimated Retained Working Capital Calculation determined in accordance with Section 3.2.1(a)(i). The Purchase Price shall be increased, dollar for dollar, by the amount, if any, by which the Estimated Retained Working Capital Calculation determined in accordance with Section 3.2.1(a)(ii) produces an amount less than the Estimated Retained Working Capital Calculation determined in accordance with Section 3.2.1(a)(i). To the extent that the Purchase Price calculated pursuant to this Section 3.3.1(a)(ii) is less than the Purchase Price paid pursuant to Section 3.1, Seller shall owe Purchaser an amount equal to such deficiency. To the extent the Purchase Price calculated pursuant to this Section 3.3.1(a)(ii) is greater than the Purchase Price paid pursuant to Section 3.1, Purchaser shall owe Seller an amount equal to such excess. Any adjustment based on this Section 3.3.1(a)(ii) to the Purchase Price paid at Closing shall be made by automatically amending the Note in accordance with its terms to increase or decrease the principal amount thereof, as applicable.
Interim Adjustment. Subject to sex-based undervaluation being established and the final Milestone 4 report being approved by the Central Agency Governance Group (XXXX), there will be an interim adjustment to base salary rates effective 30 November 2022. The adjustment will be in anticipation of a final pay equity settlement and based on established undervaluation. The quantum of any interim adjustment will be set at a level that would minimise the risk for overcorrection and overpayment. The parties acknowledge that any interim adjustment is necessarily an indicative estimate and the final pay equity settlement for individual occupations/professions is subject to more granular analysis and bargaining. As a consequence, the final pay equity settlement could be more or less than that implied by any interim adjustment.
Interim Adjustment. 5.1 If on December 31, 2007 (the “Balance Due Date”), the Corporation determines that the amount by which its taxes payable to the Receiver General of Canada and all applicable provincial taxing authorities for the Pre-Closing Year were reduced on a current cash basis as a result of the deduction of the Price Reduction Expenses pursuant to Section 4 hereof (the “Interim Tax Saving”) is less than [A-B], where A = the Price Reduction Expenses; and B = the Estimated After-Tax Price Reduction Expenses, as adjusted pursuant to Section 3.2; (with [A – B] being referred to as the “Estimated Tax Saving”) then, the Corporation shall provide the Seller with a certificate (the “Tax Payable Certificate”) executed by the Chief Executive Officer of the Corporation within 15 days after the Balance Due Date certifying the amount by which the Estimated Tax Saving exceeds the Interim Tax Saving (the “Taxes Payable Differential”). The Tax Payable Certificate shall include calculations showing in reasonable detail the Taxes Payable Differential. The Purchaser and the Corporation agree to make available to the Seller the appropriate persons to discuss and answer reasonable enquiries by the Seller concerning the Tax Payable Certificate and the Taxes Payable Differential. For greater certainty, the determination of the Interim Tax Saving shall take into account the Corporation’s ability to apply any excess taxes paid for the Pre-Closing Year to other currently outstanding tax balances of the Corporation and, to currently outstanding tax balances of related corporations, in each case, to the extent permitted by applicable law or the applicable taxing authority.
5.2 If a Tax Payable Certificate is delivered to the Seller, the Seller shall pay to the Purchaser, promptly, and in any event within 5 days, following receipt of such certificate, the Taxes Payable Differential as a reduction of the Purchase Price. If the Seller pays an amount on an account of the Taxes Payable Differential pursuant to this Section 5.2, the amount of the Estimated After-Tax Price Reduction Expenses will be increased by the amount of the Taxes Payable Differential for the purposes of Section 6 hereof.
Interim Adjustment. Not less than five (5) business days prior to the Closing Date, the Company shall deliver to the Purchaser a balance sheet for the Company as of June 30, 1998 (the "PRE-CLOSING BALANCE SHEET"), together with a calculation of the estimated Company Adjustment Amount determined based upon the Pre-Closing Balance Sheet. The Pre-Closing Balance Sheet shall be an unaudited balance sheet prepared by the Company, consistent with the Accounting Principles. The sum of the estimated Company Adjustment Amount and the Interim Elections Amount is the "ESTIMATED ADJUSTMENT AMOUNT".
Interim Adjustment. In the event that the Closing Date is prior to January 5, 1999, on January 9, 1999 either (A) Company shall pay to Buyer the amount of cash, if any, by which the amount paid to Company on the Closing Date exceeds the sum of (I) the Net Asset Value as reflected on the Interim Closing Balance Sheet, and (II) $4,000,000, with no interest; or (B) Buyer shall pay to Company the amount, if any, by which the sum of (I) the Net Asset Value, as reflected on the Interim Closing Balance Sheet, and (B) $4,000,000 exceeds the amount of cash paid to Company on the Closing Date, with no interest. The amount, if any, paid by Company or Buyer pursuant to this Subsection 3.2.(c)(i) shall be referred to herein as the "Interim Adjustment." In the event that the Closing Date is on or after January 5, 1999, there shall be no Interim Adjustment.
Interim Adjustment. During the first three Years of this Agreement, Owner and Gatherer shall independently review, on a quarterly basis, the actual quantity of Gas measured by Gatherer at the Measurement Points to determine whether Owner is on schedule to meet the Annual Volume Commitment for the applicable Year. Should Owner’s or Gatherer’s estimates indicate that the actual quantity of Gas to be delivered may be less than that Year’s Annual Volume Commitment, either Owner or Gatherer has the right to request consultation and negotiation with the other Party to arrive at a mutually agreeable method to offset the estimated shortfall, which may include, without limit, payment of the estimated shortfall multiplied by the Gathering Fee or increasing the Gathering Fee for the remainder of the Year to offset the estimated shortfall. If the Parties agree to payment of the estimated shortfall or elect to increase the monthly Gathering Fee, the Parties shall closely monitor, on a monthly basis, the actual deliveries of Gas for the remainder of the Year and adjust the Gathering Fee as necessary to come as close as possible to that Year’s total Gathering Fee due. Notwithstanding an adjustment of the Gathering Fee pursuant to this Section 4.2.2, deliveries of Owner’s Gas in excess of the Annual Volume Commitment shall be invoiced as described in Section 4.2.4.
