Payments 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 (A) be due (x) within five Business Days of acceptance of the applicable Closing Working Capital Statement or (y) if there are Disputed Amounts, then within five Business Days of the resolution described in Section 2.04(c)(v) above; and (B) be paid by wire transfer of immediately available funds to such account as is directed by Buyer or Sellers, as the case may be. If the Sellers have not paid the Post-Closing Adjustment owed to the Buyer in the timeframe specified herein, the Buyer may obtain such amount instead through a payment by the Escrow Agent pursuant to the terms of the Escrow Agreement from the Escrow Fund.
Appears in 2 contracts
Samples: Membership Interest Purchase Agreement (Green Thumb Industries Inc.), Membership Interest Purchase Agreement
Payments 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 five (5) Business Days of acceptance of the applicable Closing Working Capital Statement or (y) if there are Disputed Amounts, then within five (5) Business Days of the resolution described in Section 2.04(c)(vclause (b)(v) above; and (B) be paid by wire transfer of immediately available funds to such account as is directed by Buyer or SellersSeller, as the case may be. If the Sellers have not paid any payment of the Post-Closing Adjustment owed by Seller to Buyer is not paid within the Buyer applicable time period set forth in the timeframe specified hereinimmediately preceding sentence, the Post-Closing Adjustment owed by Seller to Buyer may obtain such amount instead through a payment shall be paid by the Escrow Agent pursuant to the terms of the Escrow Agreement from the Escrow Fund.
Appears in 1 contract
Payments 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 (A) be due (x) within five (5) Business Days of acceptance of the applicable Closing Working Capital Statement or (y) if there are Disputed Amounts, then within five (5) Business Days of the resolution described in Section 2.04(c)(v) above; and (B) be paid by wire transfer of immediately available funds to such account account(s) as is are directed by Buyer or Sellers, as the case may be. If the Sellers have not paid Any payment of the Post-Closing Adjustment owed by Sellers to the Buyer in the timeframe specified herein, the Buyer may obtain such amount instead through a payment shall be paid by the Escrow Agent from the Escrow Amount pursuant to the terms of the Escrow Agreement from the Escrow FundAgreement.
Appears in 1 contract
Samples: Asset Purchase Agreement (Diversified Restaurant Holdings, Inc.)