Common use of Payment of Post-Closing Adjustment Clause in Contracts

Payment of Post-Closing Adjustment. Except as otherwise provided herein, any payment of the Post-Closing Adjustment, together with interest calculated as set forth below, shall be due (x) within 5 Business Days of acceptance of the applicable Closing Working Capital Statement or (y) if there are Disputed Amounts, then within 5 Business Days of the resolution described in clause (v) above.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Upexi, Inc.), Securities Purchase Agreement (Upexi, Inc.)

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Payment of Post-Closing Adjustment. Except as otherwise provided herein, any payment of the Post-Closing Adjustment, together with interest calculated as set forth below, shall be due (x) within 5 five (5) Business Days of acceptance of the applicable Closing Working Capital Statement pursuant to clause (ii) above, or (y) if there are Disputed Amounts, then within 5 five (5) Business Days of the resolution described in clause (v) above.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Eastside Distilling, Inc.)

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Payment of Post-Closing Adjustment. Except as otherwise provided herein, any payment of the Post-Closing Adjustment, together with interest calculated as set forth below, Adjustment shall (A) be due (x) within 5 five (5) Business Days of acceptance of the applicable Closing Working Capital Statement or (y) if there are Disputed Amounts, then within 5 five (5) Business Days of the resolution described in clause resolution; and (vB) abovebe paid by wire transfer of immediately available funds to such account as is directed by Purchasers or Seller, as the case may be.

Appears in 1 contract

Samples: Asset Purchase Agreement (Sonendo, Inc.)

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