Common use of Payments to Reflect Final Determination of Working Capital Credits Clause in Contracts

Payments to Reflect Final Determination of Working Capital Credits. Within five (5) business days after the date on which the Working Capital Credits are finally determined pursuant to Section 2.5(c): (1) Sellers shall pay or cause to be paid to or for the account of Buyer, by wire transfer, the amount, if any, by which the sum of the amount of Buyer's Working Capital Credits, as finally determined pursuant to Section 2.5(c), plus the amount of any payment made by Buyer pursuant to Section 2.5(d)(2) exceeds the sum of amount of Sellers' Working Capital Credits, as finally determined pursuant to Section 2.5(c), plus the amount of any payment made by Sellers pursuant to Section 2.5(d)(1). (2) Buyer shall pay or cause to be paid to or for the account of Sellers, by wire transfer, the amount, if any, by which the sum of the amount of Sellers' Working Capital Credits, as finally determined pursuant to Section 2.5(c), plus the amount of any payment made by Sellers pursuant to Section 2.5(d)(1) exceeds the sum of amount of Buyer's Working Capital Credits, as finally determined pursuant to Section 2.5(c), plus the amount of any payment made by Buyer pursuant to Section 2.5(d)(2).

Appears in 1 contract

Samples: Asset and Stock Purchase Agreement (Paxson Communications Corp)

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Payments to Reflect Final Determination of Working Capital Credits. Within five (5) business days after the date on which the Working Capital Credits are finally determined pursuant to Section 2.5(c2.4(c): (1) Sellers shall pay or cause to be paid to or for the account of Buyer, by wire transfer, the amount, if any, by which the sum of the amount of Buyer's Working Capital Credits, as finally determined pursuant to Section 2.5(c2.4(c), plus the amount of any payment made by Buyer pursuant to Section 2.5(d)(22.4(d)(2) exceeds the sum of amount of Sellers' Working Capital Credits, as finally determined pursuant to Section 2.5(c2.4(c), plus the amount of any payment made by Sellers pursuant to Section 2.5(d)(12.4(d)(1). (2) Buyer shall pay or cause to be paid to or for the account of Sellers, by wire transfer, the amount, if any, by which the sum of the amount of Sellers' Working Capital Credits, as finally determined pursuant to Section 2.5(c2.4(c), plus the amount of any payment made by Sellers pursuant to Section 2.5(d)(12.4(d)(1) exceeds the sum of amount of Buyer's Working Capital Credits, as finally determined pursuant to Section 2.5(c2.4(c), plus the amount of any payment made by Buyer pursuant to Section 2.5(d)(22.4(d)(2).

Appears in 1 contract

Samples: Asset Purchase Agreement (Valuevision International Inc)

Payments to Reflect Final Determination of Working Capital Credits. Within five (5) business days after the date on which the Working Capital Credits are finally determined pursuant to Section 2.5(c2.4(c): (1) Sellers shall pay or cause to be paid to or for the account of Buyer, by wire transferin immediately available funds, the amount, if any, by which the sum of the amount of Buyer's Working Capital Credits, as finally determined pursuant to Section 2.5(c2.4(c), plus the amount of any payment made by Buyer pursuant to Section 2.5(d)(22.4(d)(2) exceeds the sum of amount of Sellers' Working Capital Credits, as finally determined pursuant to Section 2.5(c2.4(c), plus the amount of any payment made by Sellers pursuant to Section 2.5(d)(12.4(d)(1). (2) Buyer shall pay or cause to be paid to or for the account of Sellers, by wire transferin immediately available funds, the amount, if any, by which the sum of the amount of Sellers' Working Capital Credits, as finally determined pursuant to Section 2.5(c2.4(c), plus the amount of any payment made by Sellers pursuant to Section 2.5(d)(12.4(d)(1) exceeds the sum of amount of Buyer's Working Capital Credits, as finally determined pursuant to Section 2.5(c2.4(c), plus the amount of any payment made by Buyer pursuant to Section 2.5(d)(22.4(d)(2).

Appears in 1 contract

Samples: Asset Purchase Agreement (Paxson Communications Corp)

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Payments to Reflect Final Determination of Working Capital Credits. Within five (5) business days after the date on which the Working Capital Credits are finally determined pursuant to Section 2.5(c2.4(c): (1) Sellers shall pay or cause to be paid to or for the account of Buyer, by wire transfer, the amount, if any, by which the sum of the amount of Buyer's Buyees Working Capital Credits, as finally determined pursuant to Section 2.5(c2.4(c), plus the amount of any payment made by Buyer pursuant to Section 2.5(d)(22.4(d)(2) exceeds the sum of amount of Sellers' Working Capital Credits, as finally determined pursuant to Section 2.5(c2.4(c), plus the amount of any payment made by Sellers pursuant to Section 2.5(d)(12.4(d)(1). (2) Buyer shall pay or cause to be paid to or for the account of Sellers, by wire transfer, the amount, if any, by which the sum of the amount of Sellers' Working Capital Credits, as finally determined pursuant to Section 2.5(c2.4(c), plus the amount of any payment made by Sellers pursuant to Section 2.5(d)(12.4(d)(1) exceeds the sum of amount of Buyer's Working Capital Credits, as finally determined pursuant to Section 2.5(c2.4(c), plus the amount of any payment made by Buyer pursuant to Section 2.5(d)(22.4(d)(2).

Appears in 1 contract

Samples: Asset Purchase Agreement (Paxson Communications Corp)

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