Common use of Payment of Adjustments Clause in Contracts

Payment of Adjustments. In the event Net Working Capital is less than the Target, the Company's stockholders shall pay the amount of the shortfall to Centerprise. In the event Net Working Capital is greater than the Target, Centerprise shall pay the amount of the excess to the Company's stockholders. Any payment required to be made pursuant to this paragraph shall be made, within ten days of delivery of the report indicating any adjustment, by wire transfer of immediately available funds to an account designated in writing by the party that is to receive payment of such adjustment. In respect of the Final Adjustment, the party making a payment required by such adjustment shall make such payment within ten days after the Final Adjustment becomes final and shall receive credit for or return of any amount previously paid in connection with the Interim Adjustment.

Appears in 7 contracts

Samples: Merger Agreement (Centerprise Advisors Inc), Merger Agreement (Centerprise Advisors Inc), Merger Agreement (Centerprise Advisors Inc)

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Payment of Adjustments. In the event Net Working Capital is ---------------------- less than the Target, the Company's stockholders Seller and the Members shall pay the amount of the shortfall to CenterpriseCenterPoint. In the event Net Working Capital is greater than the Target, Centerprise CenterPoint shall pay the amount of the excess to the Company's stockholdersSeller. Any payment required to be made pursuant to this paragraph shall be made, within ten days of delivery of the report indicating any adjustment, by wire transfer of immediately available funds to an account designated in writing by the party that is to receive payment of such adjustment. In respect of the Final Adjustment, the party making a payment required by such adjustment shall make such payment within ten days after the Final Adjustment becomes final and shall receive credit for or return of any amount previously paid in connection with the Interim Adjustment.

Appears in 2 contracts

Samples: Merger Agreement (Centerpoint Advisors Inc), Merger Agreement (Centerpoint Advisors Inc)

Payment of Adjustments. In the event Net Working Capital is ---------------------- less than the Target, the Company's stockholders Sellers shall pay the amount of the shortfall to CenterpriseCenterPoint. In the event Net Working Capital is greater than the Target, Centerprise CenterPoint shall pay the amount of the excess to the Company's stockholdersSellers. Any payment required to be made pursuant to this paragraph shall be made, within ten (10) days of delivery of the report indicating any adjustment, by wire transfer of immediately available funds to an account designated in writing by the party that is to receive payment of such adjustment. In respect of the Final Adjustment, the party making a payment required by such adjustment shall make such payment within ten days after the Final Adjustment becomes final and shall receive credit for or return of any amount previously paid in connection with the Interim Adjustment.

Appears in 1 contract

Samples: Merger Agreement (Centerpoint Advisors Inc)

Payment of Adjustments. In the event Net Working Capital is less than the Target, the CompanySeller's stockholders members shall pay the amount of the shortfall to Centerprise. In the event Net Working Capital is greater than the Target, Centerprise shall pay the amount of the excess to the CompanySeller's stockholdersmembers. Any payment required to be made pursuant to this paragraph shall be made, within ten days of delivery of the report indicating any adjustment, by wire transfer of immediately available funds to an account designated in writing by the party that is to receive payment of such adjustment. In respect of the Final Adjustment, the party making a payment required by such adjustment shall make such payment within ten days after the Final Adjustment becomes final and shall receive credit for or return of any amount previously paid in connection with the Interim Adjustment.

Appears in 1 contract

Samples: Merger Agreement (Centerprise Advisors Inc)

Payment of Adjustments. In the event Net Working Capital is ---------------------- less than the Target, Seller and the Company's stockholders Members shall pay the amount of the shortfall to CenterpriseCenterPoint. In the event Net Working Capital is greater than the Target, Centerprise CenterPoint shall pay the amount of the excess to the Company's stockholdersSeller. Any payment required to be made pursuant to this paragraph shall be made, within ten days of delivery of the report indicating any adjustment, by wire transfer of immediately available funds to an account designated in writing by the party that is to receive payment of such adjustment. In respect of the Final Adjustment, the party making a payment required by such adjustment shall make such payment within ten days after the Final Adjustment becomes final and shall receive credit for or return of any amount previously paid in connection with the Interim Adjustment.

Appears in 1 contract

Samples: Merger Agreement (Centerpoint Advisors Inc)

Payment of Adjustments. In the event Net Working Capital is ---------------------- less than the Target, Management and the Company's stockholders Members shall pay the amount of the shortfall to CenterpriseCenterPoint. In the event Net Working Capital is greater than the Target, Centerprise CenterPoint shall pay the amount of the excess to the Company's stockholdersManagement. Any payment required to be made pursuant to this paragraph shall be made, within ten days of delivery of the report indicating any adjustment, by wire transfer of immediately available funds to an account designated in writing by the party that is to receive payment of such adjustment. In respect of the Final Adjustment, the party making a payment required by such adjustment shall make such payment within ten days after the Final Adjustment becomes final and shall receive credit for or return of any amount previously paid in connection with the Interim Adjustment.

Appears in 1 contract

Samples: Merger Agreement (Centerpoint Advisors Inc)

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Payment of Adjustments. In the event Net Working Capital is ---------------------- less than the Target, the Company's stockholders Stockholders shall pay the amount of the shortfall to CenterpriseCenterPoint. In the event Net Working Capital is greater than the Target, Centerprise CenterPoint shall pay the amount of the excess to the Company's stockholdersStockholder. Any payment required to be made pursuant to this paragraph shall be made, within ten days of delivery of the report indicating any adjustment, by wire transfer of immediately available funds to an account designated in writing by the party that is to receive payment of such adjustment. In respect of the Final Adjustment, the party making a payment required by such adjustment shall make such payment within ten days after the Final Adjustment becomes final and shall receive credit for or return of any amount previously paid in connection with the Interim Adjustment.

Appears in 1 contract

Samples: Merger Agreement (Centerpoint Advisors Inc)

Payment of Adjustments. In the event Net Working Capital is less than the Target, Seller and the Company's stockholders Members shall pay the amount of the shortfall to CenterpriseCenterPoint. In the event Net Working Capital is greater than the Target, Centerprise CenterPoint shall pay the amount of the excess to the Company's stockholdersSeller. Any payment required to be made pursuant to this paragraph shall be made, within ten days of delivery of the report indicating any adjustment, by wire transfer of immediately available funds to an account designated in writing by the party that is to receive payment of such adjustment. In respect of the Final Adjustment, the party making a payment required by such adjustment shall make such payment within ten days after the Final Adjustment becomes final and shall receive credit for or return of any amount previously paid in connection with the Interim Adjustment.

Appears in 1 contract

Samples: Merger Agreement (Centerpoint Advisors Inc)

Payment of Adjustments. In the event Net Working Capital is ---------------------- less than the Target, Seller and the Company's stockholders Partners shall pay the amount of the shortfall to CenterpriseCenterPoint. In the event Net Working Capital is greater than the Target, Centerprise CenterPoint shall pay the amount of the excess to the Company's stockholdersSeller. Any payment required to be made pursuant to this paragraph shall be made, within ten days of delivery of the report indicating any adjustment, by wire transfer of immediately available funds to an account designated in writing by the party that is to receive payment of such adjustment. In respect of the Final Adjustment, the party making a payment required by such adjustment shall make such payment within ten days after the Final Adjustment becomes final and shall receive credit for or return of any amount previously paid in connection with the Interim Adjustment.

Appears in 1 contract

Samples: Merger Agreement (Centerpoint Advisors Inc)

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