Common use of Net Purchase Price Adjustment Amount Clause in Contracts

Net Purchase Price Adjustment Amount. The Purchase Price adjustment amounts provided for in Sections 1.5(b), (c) and (d), if any, shall all be aggregated and netted against each other such that either (i) a single amount shall be payable to Buyer by Seller and no amount shall be payable by Buyer to Seller under this Section 1.5, (ii) a single amount shall be payable to Seller by Buyer, and no amount shall be payable by Seller to Buyer under this Section 1.5, or (iii) no amount shall be payable by any party hereto under this Section 1.5. By way of example only, if $150,000 is payable by Seller to Buyer pursuant to Section 1.5(b), $50,000 is payable by Seller to Buyer pursuant to Section 1.05(c) and $100,000 is payable by Buyer to Seller pursuant to Section 1.5(d), then Seller shall pay to Buyer, in accordance with Section 1.5(f), an amount equal to $100,000 (i.e., $150,000 + $50,000 - $100,000).

Appears in 2 contracts

Samples: Asset Sale Agreement (Stonemor Partners Lp), Asset Sale Agreement (Stonemor Partners Lp)

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Net Purchase Price Adjustment Amount. The Purchase Price adjustment amounts provided for in Sections 1.5(b), (c) and (d), if any, shall all be aggregated and netted against each other such that either (i) a single amount shall be payable to Buyer by Seller and no amount shall be payable by Buyer to Seller under this Section 1.5, (ii) a single amount shall be payable to Seller by Buyer, and no amount shall be payable by Seller to Buyer under this Section 1.5, or (iii) no amount shall be payable by any party hereto under either this Section 1.5. By way of example only, if $150,000 is payable by Seller to Buyer pursuant to Section 1.5(b), $50,000 is payable by Seller to Buyer pursuant to Section 1.05(c1.5(c) and $100,000 is payable by Buyer to Seller pursuant to Section 1.5(d), then Seller shall pay to Buyer, in accordance with Section 1.5(f), an amount equal to $100,000 (i.e., $150,000 + $50,000 - $100,00050,000β€”$100,000).

Appears in 2 contracts

Samples: Asset Purchase and Sale Agreement, Asset Purchase and Sale Agreement (Stonemor Partners Lp)

Net Purchase Price Adjustment Amount. The Purchase Price adjustment amounts provided for in Sections 1.5(b1.6(b), (c) and (d), if any, shall all be aggregated and netted against each other such that either (i) a single amount shall be payable to Buyer by Seller and no amount shall be payable by Buyer to Seller under this Section 1.51.6, (ii) a single amount shall be payable to Seller and SCI by Buyer, and no amount shall be payable by Seller to Buyer under this Section 1.51.6, or (iii) no amount shall be payable by any party hereto under either this Section 1.51.6. By way of example only, if $150,000 is payable by Seller to Buyer pursuant to Section 1.5(b1.6(b), $50,000 is payable by Seller to Buyer pursuant to Section 1.05(c1.6(c) and $100,000 is payable by Buyer to Seller and SCI pursuant to Section 1.5(d1.6(d), then Seller shall pay to Buyer, in accordance with Section 1.5(f1.6(f), an amount equal to $100,000 (i.e., $150,000 + $50,000 - $100,000).

Appears in 2 contracts

Samples: Asset Purchase and Sale Agreement (Stonemor Partners Lp), Asset Purchase and Sale Agreement (Stonemor Partners Lp)

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Net Purchase Price Adjustment Amount. The Purchase Price adjustment amounts provided for in Sections 1.5(b1.6(b), (c) and (d), if any, shall all be aggregated and netted against each other such that either (i) a single amount shall be payable to Buyer by Seller and no amount shall be payable by Buyer to Seller under this Section 1.51.6, (ii) a single amount shall be payable to Seller and SCI by Buyer, and no amount shall be payable by Seller to Buyer under this Section 1.51.6, or (iii) no amount shall be payable by any party hereto under this Section 1.51.6. By way of example only, if $150,000 is payable by Seller to Buyer pursuant to Section 1.5(b1.6(b), $50,000 is payable by Seller to Buyer pursuant to Section 1.05(c1.6(c) and $100,000 is payable by Buyer to Seller and SCI pursuant to Section 1.5(d1.6(d), then Seller shall pay to Buyer, in accordance with Section 1.5(f1.6(f), an amount equal to $100,000 (i.e., $150,000 + $50,000 - $100,000).

Appears in 1 contract

Samples: Asset Purchase and Sale Agreement (Stonemor Partners Lp)

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