Common use of POST-CLOSING REFUND Clause in Contracts

POST-CLOSING REFUND. If the Net Worth Adjustment is a negative amount, Seller will refund to Buyer the Net Worth Adjustment (treated as a positive amount) from the Holdback Amount (which Buyer may retain, to the extent necessary to pay the Net Worth Adjustment) and, if necessary, also by the wire transfer of immediately available funds to an account designated in writing by Buyer (or a combination of both). The balance of the Holdback Amount, if any, shall be paid to Seller (along with any interest accrued thereon).

POST-CLOSING REFUND. If the Net Worth Adjustment is a negative amount, Seller will refund to Buyer the Net Worth Adjustment (treated as a positive amount) from the Holdback Amount and, if necessary (which Buyer may retain, to the extent necessary to pay the Net Worth Adjustment) and, if necessaryHoldback Amount is insufficient), also by the wire transfer of immediately available funds to an account designated in writing by Buyer (or a combination of both). The balance of the Holdback Amount, if any, shall be paid to Seller (along with any interest accrued thereon)) by wire transfer of immediately available funds to an account designated by Buyer.