Purchase Price Allocation Adjustment. 7 1.04. Closing........................................................................................8 1.05. Pre-Closing Purchase Price Adjustment..........................................................9 1.06. Funds Escrowed to Comply with NRS..............................................................9 1.07. Prorations....................................................................................10 1.08. Further Assurances; Post-Closing Cooperation..................................................10 1.09. Third-Party Consents..........................................................................11 1.10. Insurance Proceeds............................................................................11 1.11. Redemption of Gaming Chips and Tokens.........................................................12 1.12. Collection of Accounts Receivable.............................................................12
Purchase Price Allocation Adjustment. 6 2.05 Closing...................................................7 2.06 Third-Party Consents......................................8 2.07 Assignment................................................8 ARTICLE III
Purchase Price Allocation Adjustment. 18 1.5 Closing..................................................... 23 1.6 Prorations.................................................. 25 1.7 Further Assurances; Post-Closing Cooperation................ 25 1.8 Third-Party Consents........................................ 26 1.9 Insurance Proceeds.......................................... 27
Purchase Price Allocation Adjustment upon written notice to, and the prior written approval of, Seller by no later than the Reallocation Deadline, provided that any Purchase Price Allocation Adjustment shall (i) not result in a change to the total Purchase Price, (ii) be proposed for a valid business purpose, and (iii) the so-reallocated purchase price for each applicable individual Property shall constitute the Allocated Purchase Price for such individual Property. Purchaser and Seller shall file federal, state and local tax returns in a manner consistent with each Allocated Purchase Price and shall otherwise be bound by such Allocated Purchase Price (including the preparation of all books, records and tax filings) unless otherwise required by applicable law. In the event one party does not file federal, state and local tax returns in a manner consistent with any Allocated Purchase Price, then such party shall bear the consequences of any discrepancies and the other party shall have no obligation or liability with respect thereto. In all events, each Allocated Purchase Price shall control for purposes of paying any transfer taxes in connection with the Closing and for purposes of determining the insured amount for any title insurance policy. This Section 2.4 shall survive the Closing.
Purchase Price Allocation Adjustment. 11 1.05 The Closing; Escrow.........................................................................12 1.06 Further Assurances; Post-Closing Cooperation................................................14 1.07 Insurance Proceeds..........................................................................15 1.08 Post-Closing Working Capital Adjustment.....................................................15 1.09 Assumption of Contracts Between Execution and Closing.......................................17 1.10 Section 338(h)(10) Election.................................................................17 1.11
Purchase Price Allocation Adjustment. (a) The aggregate purchase price for the FTL Assets is $835,000,000, as adjusted pursuant to Section 1.04(c), (d) and (e) (the "Purchase Price"). The Purchase Price shall be payable in cash at the Closing in the manner provided in Section 1.05.
Purchase Price Allocation Adjustment. 7 1.04 Closing . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 1.05 Prorations. . . . . . . . . . . . . . . . . . . . . . . . . . 10 1.06 Further Assurances; Post-Closing Cooperation. . . . . . . . . 11 1.07 Third-Party Consents. . . . . . . . . . . . . . . . . . . . . 12
Purchase Price Allocation Adjustment. 1.05 Closing * 1.06 Employee Matters * 1.07 Third-Party Consents * 1.08 Further Assurances; Post-Closing Cooperation *
Purchase Price Allocation Adjustment. 13 Section 2.04 Closing.............................................................13 Section 2.05 Determination and Payment of Contingent Consideration...............15 Section 2.06 Further Assurances; Post-Closing Cooperation........................16 Section 2.07 Third Party Consents................................................17
Purchase Price Allocation Adjustment. The aggregate purchase price for the Purchased Assets and for the covenant of Seller not to compete contained in Section 5.04 shall be the sum of (i) two hundred three thousand dollars ($203,000), of which (A) one hundred three thousand dollars ($103,000) shall be paid and delivered by Purchaser at the Closing and (B) one hundred thousand dollars ($100,000) shall be paid and delivered by Purchaser upon delivery by Seller to Purchaser of the Final Intellectual Property Schedule (subject to the provisions of Section 2.04(d)), plus (ii) fifty percent (50%) of the amount (if any) of Eligible Profits (the "Contingent Consideration") ((i) and (ii) collectively the "Purchase Price"). The sum of one dollar ($1) is allocable to, and deemed to be in consideration of, the covenant of Seller not to compete contained in Section 5.04, and the remainder of the Purchase Price is allocable to, and deemed to be in consideration of, the Purchased Assets. The Purchase Price shall be allocated by Purchaser among the Purchased Assets (together with any Liability of Seller assumed by Purchaser) (the "Allocation") and such Allocation shall be consistent with the asset valuation prepared by Purchaser's independent auditors and shall be approved by Seller, which approval shall not be unreasonably withheld. The Allocation shall be conclusive and binding upon Purchaser and Seller for all purposes, and each of Purchaser and Seller agrees that all returns and reports (including IRS Form 8594) and all financial statements shall be prepared in a manner consistent with (and neither Purchaser nor Seller shall otherwise file a tax return position inconsistent with) the Allocation unless required by the IRS or any other applicable Taxing Authority. If such Allocation is disputed by any Governmental Entity, the party receiving notice of such dispute shall promptly notify the other party hereto of the existence thereof, and shall cooperate with the other party in resolving such dispute.
