Potential Adjustment to Purchase Price Sample Clauses

Potential Adjustment to Purchase Price. If the earnings before interest and taxes (EBIT) of the Purchaser No. 1's and Purchaser No. 2's Atlanta Divisions in the aggregate during any of fiscal years 1999 (May 6, 1999 to January 5, 2000), 2000, 2001, 2002 and (January 6, 2003 to May 5, 2003) exceed the applicable EBIT threshold for such year set forth below: Fiscal 1999 - $218,559 (May 6, 1999 to January 5, 2000) Fiscal 2000 - $377,814 Fiscal 2001 - $427,814 Fiscal 2002 - $457,814 Fiscal 2003 - $169.254 (January 5, 2003 to May 5, 2003) Purchaser No. 1 and Purchaser No. 2 (according to the percentages set forth below) shall pay Seller, by bank check or wiring within ninety (90) days following the end of the fiscal year, an amount equal to fifty percent (50%) of the aggregate EBIT of Purchaser No. 1's and Purchaser No. 2's Atlanta Divisions in excess of the EBIT Threshold for the applicable year or portion thereof, subject to a cumulative limitation of One Million Four Hundred Seventy-Five Thousand Dollars ($1,475,000.00) during such aggregate period. Any EBIT shortfall in any year shall not be offset against any excess EBIT in any subsequent year(s) hereunder, it being the intent of the parties that the EBIT Threshold set forth herein shall apply to each applicable year separately, subject, however, to the cumulative limitation of One Million Four Hundred Seventy-Five Thousand Dollars ($1,475,000.00) during such aggregate period. Such cash payment by Purchaser Xx. 0 xxx Xxxxxxxxx Xx. 0 xxxxx xx additional Purchase Price which will be added to the good will allocation of the Purchase Price. Commencing on the closing date, a 1.8% royalty fee (MAS-1.5% and Adfund fee-.3%) on gross sales by Purchaser No. 1's and Purchaser No. 2's respective Atlanta Divisions shall be made incident to said determination. For each subsequent year described above in this paragraph for which Purchaser No. 1 and Purchaser No. 2 may be required to pay additional Purchase Price, the parties shall, in good faith, agree upon the MAS and Adfund royalty fee to be charged hereunder based on the level of services and support being provided by Purchaser No. 1 and Purchaser No. 2 to its respective Atlanta Division. Provided, however, such MAS and Adfund royalty fees shall be 1.8% if the parties are unable to come to an agreement for each subsequent year. For purposes of this Section, the term Atlanta Division shall be defined as Business No. 1 and Business No. 2 acquired from Seller, by Purchaser No. 1 and Purchaser No. 2, respective...
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Potential Adjustment to Purchase Price. If the NPBT of Company during fiscal years 2003, 2004 and 2005 exceed the applicable NPBT Threshold for such year set forth below: NPBT Threshold ------------------------ Fiscal Year 2003 Closing Date through January 5, 2004) - 1,750,000.00 (Pro Rate) Fiscal Year 2004 - $ 1,750,000.00 Fiscal Year 2005 - $ 1,750,000.00 Fiscal Year 2006 (January 6, 2006 through third annual anniversary of Closing Date) - 1,750,000.00 (Pro Rate) Purchaser shall pay to Sellers according to the percentages below, by bank check or wire transfer within one hundred twenty (120) days following the end of the fiscal year, an amount equal to fifty percent (50%) of the NPBT of Company in excess of the NPBT Threshold for the applicable year or portion thereof, subject to a cumulative limitation of Three Million Five Hundred Thousand Dollars ($3,500,000.00) during such aggregate period. Any NPBT shortfall in any year shall not be offset against any excess NPBT in any subsequent year(s) hereunder, it being the intent of the parties that the NPBT Threshold set forth herein shall apply to each applicable year separately, subject, however, to the cumulative limitation of Three Million Five Hundred Thousand Dollars ($3,500,000.00) during such aggregate period. Such cash payment by Purchaser shall be additional Purchase Price for Company Shares. Commencing upon the earlier of the conversion of the Astea accounting system at Company or April 5, 2003, a 2.0% infrastructure fee and a .3% MDF fee on gross sales by Company shall be made incident to said determination. For each subsequent year described above in this paragraph for which Purchaser may be required to pay additional Purchase Price, the parties shall, in good faith, agree upon the infrastructure and MDF fees to be charged hereunder based on the level of services and support being provided by Purchaser to Company. Provided, however, such infrastructure fee shall be 2.0% and the MDF fee shall be .3% if the parties are unable to come to an agreement for each subsequent year. Attached hereto as Exhibit A is a list of the type of administrative services and marketing and development services that are provided by Purchaser to Company as a result of the infrastructure fee and MDF fee paid by Company on gross sales. In addition, Exhibit B attached hereto sets forth a list of clients that Company is currently receiving favorable pricing on products from certain original equipment manufacturers. Purchaser and Company shall in good faith determin...
Potential Adjustment to Purchase Price. Seller and Buyer shall calculate an adjustment to the Purchase Price based upon the following described formula: The Purchase Price shall be adjusted as follows:
Potential Adjustment to Purchase Price. Earn-Out No. 1 ---------------- If the Net Profits Before Taxes ("NPBT") of Purchaser No. 1's and Purchaser No. 2's eServ Solutions Group Divisions during any of fiscal years 2004 (January 6, 2004 to January 5, 2005), 2005 and 2006 exceed the applicable NPBT Threshold for such year set forth below: Fiscal Year 2004 - $450,000.00 Fiscal Year 2005 - $450,000.00 Fiscal Year 2006 - $450,000.00
Potential Adjustment to Purchase Price. Earnout No. 2. --------------- If the Gross Sales of Purchaser No. 1's eServ Solutions Group and Purchaser No.2's eServ Solutions Group Divisions in the aggregate during any of the fiscal years 2004 (January 6, 2004 to January 5, 2005), and 2005 (and subject to the satisfaction of a minimum NPBT Margin for such year as set forth below) exceed the applicable Gross Sales threshold for such year set forth below: Fiscal Year 2004: ------------------- Gross Sales greater than or equal to $20,000,000.00 but less than or equal to $25,000,000.00 = $200,000.00 cash; or Gross Sales greater than $25,000,000.00 but less than or equal to $30,000,000.00 = $400,000.00 cash; or Gross Sales greater than $30,000,000.00 = $600,000.00 cash. Fiscal Year 2005: ------------------- Gross Sales greater than or equal to $25,000,000.00 but less than or equal to $30,000,000.00 = $200,000.00 cash; or Gross Sales greater than or equal to $30,000,000.00 but less than or equal to $35,000,000.00 = $400,000.00 cash; or Gross Sales greater than $35,000,000.00 = $600,000.00 cash. Purchaser No. 1 and Purchaser No. 2 shall pay Seller, by bank check or wiring within ninety (90) days following the end of the fiscal year, the applicable amount, if any, that may have been earned above. Any Gross Sales shortfall in any year shall not offset any excess Gross Sales in any subsequent year hereunder, it being the intent of the parties that the Gross Sales threshold set forth herein shall apply to each applicable year separately. Notwithstanding anything contained herein to the contrary for fiscal year 2005, in addition to satisfying the applicable Gross Sales criteria, Purchaser No. 1 and Purchaser No. 2 eServ Solutions Group Divisions must also achieve a minimum of 2% NPBT Margin for any payments to be made under this section. Such cash payment by Purchaser Xx. 0 xxx/xx Xxxxxxxxx Xx. 0 xxxxx xx additional Purchase Price No. 1 and Purchase Price No. 2, which will be added to the goodwill allocation of Purchase Price No. 1 and Purchase Price No. 2 as applicable. Purchaser No. 1 and Purchaser No. 2 shall pay their respective percentage of any amounts due hereunder, which percentage shall be predicated on the respective "Gross Sales" contribution made by each of the eServ Solutions Group Divisions to the computation set forth above.
Potential Adjustment to Purchase Price. If the Net Profits Before Taxes ("NPBT") of Purchaser's Verity Solutions Division during any of fiscal years 2003, 2004 and 2005 exceed the applicable NPBT threshold for such year set forth below: Fiscal Year 2003 $126,800 Fiscal Year 2004 - $176,800 Fiscal Year 2005 - $226,800 Purchaser shall pay Seller, by bank check or wiring, within ninety (90) days following the end of the fiscal year, fifty percent (50%) of the NPBT of Purchaser's Verity Solutions Division in excess of the NPBT threshold for the applicable year, subject to a cumulative limitation of One Million Dollars ($1,000,000.00) during such aggregate period. Any NPBT shortfall in any year shall not be offset against any excess NPBT in any subsequent year(s) hereunder, it being the intent of the parties that the NPBT set forth herein shall apply to each applicable year separately, subject, however, to the cumulative limitation of $1,000,000.00 during such aggregate period. Such cash payment by Purchaser shall be additional Purchase Price, which will be added to the goodwill allocation of the Purchase Price.
Potential Adjustment to Purchase Price. Earn-Out No. 1. ---------------- If the EBITDA ("EBITDA") of Purchaser's System 5/Ballantyne Divisions computed as set forth in Section 4.6 during any of the fiscal periods set forth below equals or exceeds 70%, but is less than 100% of the applicable EBITDA Threshold for such period set forth below: Fiscal Year 2002 - (January 6, 2002 to January 5, 2003) $1,358,744 Fiscal Year 2003 - $1,358,744 Fiscal Year 2004 - $1,358,744 Purchaser shall pay Seller, by bank check or wiring within ninety (90) days following the end of the fiscal year, the following for such period: [(actual EBITDA / 1,358,744) - .7] (3.33) ($697,543.00). If the EBITDA ("EBITDA") of Purchaser's System 5/Ballantyne Divisions is greater than 100% of the applicable EBITDA Threshold, as listed above, Purchaser shall pay Seller, by bank check or wiring within ninety (90) E77 days following the end of the fiscal year, the amount of Six Hundred Ninety-Seven Thousand Five Hundred Forty-Three Dollars ($697,543.00) for such period. Any EBITDA shortfall in any year shall not offset any excess EBITDA in any subsequent year(s) hereunder, it being the intent of the parties that the EBITDA Threshold set forth herein shall apply to each applicable year separately, subject, however, to the ability of Seller to earn $697,543.00 for each fiscal year, or Two Million Ninety-Two Thousand Six Hundred Thirty Dollars ($2,092,630.00) if the EBITDA Threshold criteria were satisfied in all three years. Such cash payment by Purchaser shall be additional Purchase Price which will be added to the goodwill allocation of the Purchase Price.
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Potential Adjustment to Purchase Price. Earn-Out No. 2. ---------------- If the EBITDA of Purchaser's System 5/Ballantyne Divisions in the aggregate during any of fiscal years 2002 (January 6, 2002 to January 5, 2003), 2003 and 2004 exceed the applicable EBITDA threshold for such year set forth below: Fiscal Year 2002 - $1,358,744 Fiscal Year 2003 - $1,358,744 Fiscal Year 2004 - $1,358,744 Purchaser shall pay Seller, by bank check or wiring within ninety (90) days following the end of the fiscal year, an aggregate amount equal to 42.60% of Fifty Percent (50%) of the EBITDA of Purchaser's System 5/Ballantyne Divisions in excess of the EBITDA threshold for the applicable year, subject to a cumulative limitation of Three Million Two Hundred Seventy-One Thousand Nine Hundred Seventy-Four Dollars ($3,271,974.00) during such aggregate period. Any EBITDA shortfall in any year shall not offset any excess EBITDA in any subsequent year(s) hereunder, it being the intent of the parties that the EBITDA threshold set forth herein shall apply to each applicable year separately, subject, however, to the cumulative limitation of $3,271,974.00 during such aggregate period. Such cash payment by Purchaser shall be additional Purchase Price, which will be added to the goodwill allocation of the Purchase Price.
Potential Adjustment to Purchase Price. If the earnings before interest and taxes ("EBIT") of the Purchaser's Access/ Memphis Division during any of fiscal years 1999 (January 6, 1999 to January 5, 2000), 2000, 2001 or 2002 exceed the applicable EBIT threshold for such year set forth below: Fiscal 1999 - $1,975,000.00 Fiscal 2000 - $2,225,000.00 Fiscal 2001 - $2,475,000.00 Fiscal 2002 - $2,725,000.00 Purchaser shall pay Seller, by bank check or wiring within ninety (90) days following the end of the fiscal year, an amount equal to fifty-five percent (55%) of the EBIT of Purchaser's Access/Memphis Division in excess of the EBIT Threshold for the applicable year or Portion thereof, subject to a cumulative limitation of Six Million Dollars ($6,000,000.00) during such aggregate period. Any EBIT shortfall in any year shall not be offset against any excess EBIT in any subsequent year(s) hereunder, it being the intent of the parties that the EBIT Threshold set forth herein shall apply to each applicable year separately, subject, however, to the cumulative limitation of Six Million Dollars ($6,000,000.00) during such aggregate period. Such cash payment by the Purchaser shall be additional Purchase Price which will be added to the good will allocation of the Purchase Price. Commencing on the later of January 6, 1999 or the installation of the Astea accounting system at Purchaser's Access/Memphis Division, a 1.5% MAS royalty fee on gross sales by the Purchaser's Access/ Memphis Division shall be made incident to said determination. For each subsequent year described above in this paragraph for which the Purchaser may be required to pay additional Purchase Price, the parties shall, in good faith, agree upon a MAS royalty fee to be charged hereunder based on the level of services and support being provided by the Purchaser to its Access/Memphis Division. Provided, however, such MAS royalty fee shall be 1.5% if the parties are unable to come to an agreement for each subsequent year. For purposes of this Section, the term "Access/Memphis Division" shall be defined as the Business acquired from Seller, whether operated solely, or in part, in Purchaser and/or any subsidiary, Affiliate or successor of Purchaser.

Related to Potential Adjustment to Purchase Price

  • Adjustment to Purchase Price (a) Subject to Section 3.3(b), at the Closing, the Purchase Price shall be adjusted, without duplication, to account for the items set forth in this Section 3.3(a):

  • Agreement to Purchase Purchase Price a. Upon the terms and subject to the conditions of this Agreement, on the Purchase Date (as defined below) the Company will issue and sell to Purchaser, and Purchaser agrees to purchase from the Company, ________ (------) shares of the Company's Common Stock (the "Shares") at a purchase price of _______ ($_____) per Share, for a total purchase price of _______________ ($_______). The term "Shares" refers to the purchased Shares and all securities received in replacement of or in connection with the Shares pursuant to stock dividends or splits, all securities received in replacement of the Shares in a recapitalization, merger, reorganization, exchange or the like, and all new, substituted or additional securities or other properties to which Purchaser is entitled by reason of Purchaser's ownership of the Shares.

  • Purchase Price Adjustment (a) Not later than five Business Days prior to the Closing Date, the Contributor Parties shall prepare in good faith and deliver to Acquiror a preliminary settlement statement (the “Estimated Adjustment Statement”) setting forth (i) an estimated combined balance sheet of the Compression Group Entities as of the Closing Date, which balance sheet will be prepared in accordance with GAAP, applied consistently with the Contributor Parties’ past practices (including its preparation of the Unaudited Financial Statements) (the “Estimated Closing Date Balance Sheet”) based on the most recent financial information of the Compression Group Entities reasonably available to the Contributor Parties and the Contributor Parties’ reasonable estimates with respect to the assets, liabilities and members’ equity of the Compression Group Entities as of the Closing Date, (ii) a calculation of the difference, if any, between the Net Working Capital shown on the Estimated Closing Date Balance Sheet (the “Estimated Net Working Capital”) and the Net Working Capital Threshold, (iii) a calculation of the Debt shown on the Estimated Closing Date Balance Sheet (the “Estimated Closing Date Debt”), (iv) a calculation of the Cash shown on the Estimated Closing Date Balance Sheet (the “Estimated Closing Date Cash Amount”) and (v) a calculation of the estimated Purchase Price Adjustment Amount. Acquiror shall have the right, following Acquiror’s receipt of the Estimated Adjustment Statement, to object thereto by delivering written notice to ETP, on behalf of the Contributor Parties, no later than two Business Days before the Closing Date. To the extent Acquiror timely objects to the Estimated Adjustment Statement (or any component thereof), Acquiror and ETP, on behalf of the Contributor Parties, shall enter into good faith negotiations and attempt to resolve any such objection; provided, however, that if Acquiror and ETP, on behalf of the Contributor Parties, are unable to resolve such objection prior to the Closing Date, then the Contributor Parties’ calculations as reflected in the Estimated Adjustment Statement shall control solely for purposes of the payments to be made at Closing. To the extent Acquiror and ETP, on behalf of the Contributor Parties, resolve any such objection prior to the Closing, then the Parties shall jointly agree on a revised Estimated Adjustment Statement that shall control solely for purposes of the payments to be made at the Closing. The estimated Purchase Price Adjustment Amount that controls for purposes of the payments to be made at the Closing is referred to herein as the “Estimated Purchase Price Adjustment Amount.”

  • Post-Closing Purchase Price Adjustment (a) As promptly as practicable, but in no event later than ninety (90) days following the date of the Applicable Closing, Parent shall prepare and deliver to SunGard Data a statement (the “Post-Closing Statement”), certified by the chief financial officer of Parent and accompanied by reasonable supporting detail, setting forth the Closing Net Working Capital, the Company Transaction Fees and Expenses and the Merger Consideration, including, in each case, the calculation thereof in reasonable detail. The calculations set forth in the Post-Closing Statement shall be final and binding on all Parties unless SunGard Data gives Parent written notice of its objections thereto (an “Objection Notice”), with reasonable supporting detail as to each such objection (each, a “Post-Closing Calculation Objection”), within forty-five (45) days after receipt of the Post-Closing Statement (the “Objection Period”). In the event SunGard Data fails to give Parent an Objection Notice prior to the expiration of the Objection Period or otherwise earlier notifies Parent in writing that SunGard Data has no objections to the calculations set forth in the Post-Closing Statement, the Post-Closing Statement shall be deemed final and binding on all Parties hereto, and all payments to be made in accordance with Section 3.4(d) shall be derived therefrom. Any component of the calculations set forth in the Post-Closing Statement that is not the subject of a timely delivered Objection Notice by SunGard Data shall be final and binding on all Parties except to the extent such component could be affected by other components of the calculations set forth in the Post-Closing Statement. Throughout the period following the Closing Date until the components of the calculations set forth in the Post-Closing Statement are deemed final and binding pursuant to this Section 3.4, subject to Section 7.21, Parent shall permit SunGard Data and its Representatives reasonable access (with the right to make copies), during business hours upon reasonable advance notice, to the financial books and records of the Surviving Corporation and its Subsidiaries for the purposes of the review and objection right contemplated herein.

  • Base Purchase Price 10 3.2 Adjustments to Base Purchase Price..................................... 10 3.3

  • Cash Purchase Price The term "Cash Purchase Price" shall have the meaning set forth in Section 2.3(a).

  • Adjustment of Repurchase Price In determining the applicable repurchase price of the Stock and Options, as provided for in Sections 5 and 6, above, appropriate adjustments shall be made for any stock dividends, splits, combinations, recapitalizations or any other adjustment in the number of outstanding shares of Stock in order to maintain, as nearly as practicable, the intended operation of the provisions of Sections 5 and 6.

  • The Purchase Price Notwithstanding the termination of the Option, Grantee will be entitled to exercise its rights under this Section 6(c) if it has exercised such rights in accordance with the terms hereof prior to the termination of the Option.

  • Additional Adjustment If, in Dealer’s commercially reasonable judgment, the actual cost to Dealer (or an affiliate of Dealer), over any 10 consecutive Scheduled Trading Day period, of borrowing a number of Shares equal to the Number of Shares to hedge in a commercially reasonable manner its exposure to the Transaction exceeds a weighted average rate equal to 25 basis points per annum, the Calculation Agent shall reduce the Forward Price to compensate Dealer for the amount by which such cost exceeded a weighted average rate equal to 25 basis points per annum during such period. The Calculation Agent shall notify Counterparty prior to making any such adjustment to the Forward Price. Extraordinary Events: In lieu of the applicable provisions contained in Article 12 of the Equity Definitions, the consequences of any Extraordinary Event (including, for the avoidance of doubt, any Merger Event, Tender Offer, Nationalization, Insolvency, Delisting, or Change In Law) shall be as specified below under the headings “Acceleration Events” and “Termination Settlement” in Paragraphs 7(f) and 7(g), respectively. Notwithstanding anything to the contrary herein or in the Equity Definitions, no Additional Disruption Event will be applicable except to the extent expressly referenced in Paragraph 7(f)(iv) below. The definition of “Tender Offer” in Section 12.1(d) of the Equity Definitions is hereby amended by replacing “10%” with “20%.” Dividends: No adjustment shall be made if, on any day occurring after the Trade Date, Counterparty declares a distribution, issue or dividend to existing holders of the Shares of (i) any cash dividend (other than an Extraordinary Dividend) to the extent all cash dividends having an ex-dividend date during the period from and including any Forward Price Reduction Date (with the Trade Date being a Forward Price Reduction Date for purposes of this clause (i) only) to but excluding the next subsequent Forward Price Reduction Date differs from, on a per Share basis, the Forward Price Reduction Amount set forth opposite the first date of any such period on Schedule I, (ii) share capital or securities of another issuer acquired or owned (directly or indirectly) by Counterparty as a result of a spin-off or other similar transaction or (iii) any other type of securities (other than Shares), rights or warrants or other assets, for payment (cash or other consideration) at less than the prevailing market price as determined by Dealer. Non-Reliance: Applicable Agreements and Acknowledgments: Regarding Hedging Activities: Applicable Additional Acknowledgments: Applicable Hedging Party: Dealer Transfer: Notwithstanding anything to the contrary herein or in the Agreement, Dealer may assign, transfer and set over all rights, title and interest, powers, obligations, privileges and remedies of Dealer under the Transaction, in whole or in part, to (A) a wholly-owned subsidiary of Dealer, whose obligations hereunder are fully and unconditionally guaranteed by Dealer, or (B) any other wholly-owned direct or indirect subsidiary of Dealer with a long-term issuer rating equal to or better than the credit rating of Dealer at the time of transfer after obtaining Counterparty’s consent (which shall not be unreasonably withheld or delayed); provided that, (i) at the time of such assignment or transfer, Counterparty would not, as a result of such assignment or transfer, designation or delegation, reasonably be expected at any time (A) to be required to pay (including a payment in kind) to Dealer or such transferee or assignee or designee an amount in respect of an Indemnifiable Tax greater than the amount Counterparty would have been required to pay to Dealer in the absence of such assignment, transfer, designation or delegation, or (B) to receive a payment (including a payment in kind) after such assignment or transfer that is less than the amount Counterparty would have received if the payment were made immediately prior to such assignment or transfer, (ii) prior to such assignment or transfer, Dealer shall have caused the assignee, transferee, or designee to make such Payee Tax Representations and to provide such tax documentation as may be reasonably requested by Counterparty to permit Counterparty to determine that the transfer complies with the requirements of clause (i) in this Paragraph, and (iii) at all times, Dealer or any transferee or assignee or other recipient of rights, title and interest, powers, obligations, privileges and remedies shall be eligible to provide a U.S. Internal Revenue Service Form W-9 or W-8ECI, or any successor thereto, with respect to any payments or deliveries under the Agreement.

  • Adjustments to Purchase Price The Purchase Price shall be adjusted as follows:

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