Payment of Purchase Price Adjustment. (i) If the Adjusted Net Working Capital as of the Closing Date, as determined in accordance with this Section 1.7, is greater than the Target Net Working Capital, such excess amount (subject to Section 5.6) shall be paid by Buyer to Seller.
Appears in 3 contracts
Samples: Asset Purchase Agreement (Bgsf, Inc.), Asset Purchase Agreement (BG Staffing, Inc.), Asset Purchase Agreement (LTN Staffing, LLC)
Payment of Purchase Price Adjustment. (i) If the Adjusted Net Working Capital as of the Closing Date, as determined in accordance with this Section 1.7, is greater than the Target Net Working Capital, such excess amount (subject to Section 5.6) shall be paid by Buyer to SellerSellers.
Appears in 2 contracts
Samples: Asset Purchase Agreement (BG Staffing, Inc.), Asset Purchase Agreement (BG Staffing, Inc.)
Payment of Purchase Price Adjustment. (i) If the Adjusted Net Working Capital as of the Closing Date, as determined in accordance with this Section 1.7, is greater than the Target Net Working Capital, such excess amount and the Purchase Price Adjustment Holdback Amount (subject to Section 5.6) shall be paid by Buyer to Seller.
Appears in 1 contract
Payment of Purchase Price Adjustment. (i) If the Adjusted Net Working Capital as of the Closing Date, as determined in accordance with this Section 1.71.6, is greater than the Target Net Working Capital, such excess amount and the Holdback Amount (subject to Section 5.6) shall be paid by Buyer to SellerSellers.
Appears in 1 contract
Payment of Purchase Price Adjustment. (i) If the Adjusted Net Working Capital as of the Closing Date, as determined in accordance with this Section 1.7, is greater than the Target Net Working Capital, such excess amount and the Holdback Amount (subject to Section 5.6) shall be paid by Buyer to Seller.
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