Common use of Payments to Reflect Prorations and Adjustments Clause in Contracts

Payments to Reflect Prorations and Adjustments. (1) If the Purchase Price for any Assets transferred pursuant to this Agreement as finally determined pursuant to Section 2.5(b)(2) and subject to any applicable provisions of Section 6.10 exceeds the Preliminary Purchase Price for such Assets, Buyer shall pay to Seller (or to such party or parties designated by Seller in writing), by federal wire transfer of same-day funds within five Business Days after the date on which such Purchase Price is determined pursuant to Section 2.5(b)(2), the difference between such Purchase Price and such Preliminary Purchase Price. (2) If the Purchase Price for any Assets transferred pursuant to this Agreement, as finally determined pursuant to Section 2.5(b)(2), and subject to any applicable provisions of Section 6.10, is less than the Preliminary Purchase Price for such Assets, Seller shall pay to Buyer, by federal wire transfer of same-day funds within five Business Days after the date on which such Purchase Price is determined pursuant to Section 2.5(b)(2), the difference between such Preliminary Purchase Price and such Purchase Price. (3) If any dispute arises over the amount to be refunded or paid pursuant to this Section 2.6(b), such refund or payment shall nevertheless be made to the extent any amount is not in dispute.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Paxson Communications Corp), Asset Purchase Agreement (Ccci Capital Trust Iii)

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Payments to Reflect Prorations and Adjustments. (1) If the Purchase Price for any the Assets transferred pursuant to this Agreement as finally determined pursuant to Section 2.5(b)(2) and subject to any applicable provisions of Section 6.10 exceeds the Preliminary Purchase Price for such AssetsPrice, Buyer shall pay to Seller (or to such party or parties designated by Seller in writing), by federal wire transfer of same-day funds within five Business Days after the date on which such the Purchase Price is determined pursuant to Section 2.5(b)(2), the difference between such Purchase Price and such the Preliminary Purchase Price. (2) If the Purchase Price for any Assets transferred pursuant to this AgreementPrice, as finally determined pursuant to Section 2.5(b)(2), and subject to any applicable provisions of Section 6.10, is less than the Preliminary Purchase Price for such AssetsPrice, Seller shall pay to Buyer, by federal wire transfer of same-day funds within five Business Days after the date on which such Purchase Price is determined pursuant to Section 2.5(b)(2), the difference between such the Preliminary Purchase Price and such Purchase Price. (3) If any dispute arises over the amount to be refunded or paid pursuant to this Section 2.6(b), such refund or payment shall nevertheless be made to the extent any amount is not in dispute.

Appears in 1 contract

Samples: Asset Purchase Agreement (Ccci Capital Trust Iii)

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Payments to Reflect Prorations and Adjustments. (1) If the Purchase Price for any the Assets transferred pursuant to this Agreement as finally determined pursuant to Section 2.5(b)(2) and subject to any applicable provisions of Section 6.10 exceeds the Preliminary Purchase Price for such AssetsPrice, Buyer shall pay to Seller (or to such party or parties designated by Seller in writing), by federal wire transfer of same-day funds within five Business Days after the date on which such the Purchase Price is determined pursuant to Section 2.5(b)(2), the difference between such Purchase Price and such the Preliminary Purchase Price.. 13 8 (2) If the Purchase Price for any Assets transferred pursuant to this AgreementPrice, as finally determined pursuant to Section 2.5(b)(2), and subject to any applicable provisions of Section 6.10, is less than the Preliminary Purchase Price for such AssetsPrice, Seller shall pay to Buyer, by federal wire transfer of same-day funds within five Business Days after the date on which such Purchase Price is determined pursuant to Section 2.5(b)(2), the difference between such the Preliminary Purchase Price and such Purchase Price. (3) If any dispute arises over the amount to be refunded or paid pursuant to this Section 2.6(b), such refund or payment shall nevertheless be made to the extent any amount is not in dispute.

Appears in 1 contract

Samples: Asset Purchase Agreement (Paxson Communications Corp)

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