Common use of Over-Payment Clause in Contracts

Over-Payment. If the Purchase Price, as finally determined pursuant to Section 2.6, is less than the Estimated Purchase Price (such difference, represented by a positive number, being the “Over Payment”), then, within [**] following such final determination, the Purchaser and the Vendors’ Delegate, shall give joint written instructions to the Escrow Agent: (a) to release from the Adjustment Holdback an amount equal to the Over Payment up to the total amount in the Adjustment Holdback by wire transfer of immediately available funds to an account specified by the Purchaser; and (b) to release the remaining Adjustment Holdback, if any, to the Paying Agent for distribution to the Vendors in accordance with the Paying Agent Agreement and their Designated Percentage.

Appears in 4 contracts

Samples: Share Purchase Agreement (Telix Pharmaceuticals LTD), Share Purchase Agreement (Telix Pharmaceuticals LTD), Share Purchase Agreement (Telix Pharmaceuticals LTD)

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