Purchase Price Settlement. (a) If on the Settlement Date (i) the sum of the Assumed Net Debt Difference and the Proration Adjustment is a positive number, then the Buyer shall pay the Sellers an amount equal to the sum of the Assumed Net Debt and the Proration Adjustment; or (ii) the sum of the Assumed Net Debt Difference and the Proration Adjustment is a negative number, then the Sellers shall pay the Buyer an amount equal to the absolute value of the sum of the Assumed Net Debt Difference and the Proration Adjustment, in each case within ten (10) days after the Settlement Date, as applicable. Any amount payable by Buyer or Sellers pursuant to the immediately preceding sentence shall be referred to in the aggregate as the “Adjustment Amount.”
Purchase Price Settlement. (a) Subject to paragraph (b) below, (i) in the event that the Final Closing Net Working Capital is less than the Estimated Closing Net Working Capital, Seller Parent shall, within five business days following the determination of the Final Closing Net Working Capital pursuant to Section 1.03, pay to Purchaser an amount in cash equal to the Estimated Closing Net Working Capital minus the Final Closing Net Working Capital by wire transfer of immediately available U.S. funds to the account or accounts specified in writing by Purchaser no less than three business days prior to such date;
Purchase Price Settlement. (a) No later than five (5) Business Days after the Settlement Date, the following payment (if any) shall be made, by wire transfer of immediately available funds to the account (or accounts) specified in writing by Parent or Securityholders’ Representative, as applicable:
Purchase Price Settlement. (a) In the event the Net Current Assets as reflected on the Closing Balance Sheet is greater than the Net Current Assets as reflected on the Pro Forma Balance Sheet then Purchaser shall pay to the Seller within ten (10) Business Days after Purchaser's receipt of the Closing Balance Sheet an amount equal to such excess. In the event the Net Current Assets as reflected on the Pro Forma Balance Sheet is greater than the Net Current Assets as reflected on the Closing Balance Sheet then Seller shall pay to Purchaser within ten (10) Business Days after delivery of the Closing Balance Sheet an amount equal to such excess.
Purchase Price Settlement. (a) In the event the Final Retained Earnings Adjustment Amount is less than the Estimated Retained Earnings Adjustment Amount, then Sellers shall pay to Purchasers within five (5) days after the Settlement Date an amount equal to such deficiency.
Purchase Price Settlement. The Issuer and the Seller agree that the consideration payable for the Securities is $4,924,774.80 (the “Purchase Price”), payable in immediately available funds by a wire transfer. The Transaction will close as soon as practicable after the full execution of this Agreement by the Parties (the “Execution Date”), but not later than January 31, 2017. On or within one business day following the Execution Date, the Seller will deliver one or more certificates evidencing the Securities, duly endorsed or with executed stock transfer powers in favor of the Issuer, to the Issuer’s transfer agent for the Issuer’s account. Upon the Seller’s delivery of the Securities to the Issuer’s transfer agent as aforesaid, the Issuer will (a) pay the Purchase Price to such account as the Seller shall have specified in writing at least one business day prior thereto and (b) instruct its transfer agent to deliver to the Seller via book entry the balance of any shares of its Common Stock represented by the certificate(s) delivered by the Seller as aforesaid.
Purchase Price Settlement. 4.5.1 If there is an adjustment in accordance with Section 4.3, the Sellers shall pay to the Purchaser an amount equal to the Adjustment Amount (herein also referred to as the “Purchase Price Settlement”).
Purchase Price Settlement. (a) In the event the Final Closing Cash Purchase Price is less than the Estimated Closing Cash Purchase Price, then Seller shall pay to Purchaser within five (5) days after the Settlement Date an amount equal to such deficiency. Any payment required pursuant to this Section 2.7(a) shall be made as follows: (i) first, such amount shall be paid out of the NWC Escrow Funds and (ii) second, to the extent the amount of such deficiency exceeds the NWC Escrow Funds, such excess shall be paid, at Purchaser’s sole election, either out of the Indemnification Escrow Funds or jointly and severally from Seller and the Equityholders or any combination of the foregoing. To the extent such deficiency is less than the amount in the NWC Escrow Funds, any amounts remaining in the NWC Escrow Funds shall be released to Seller (and Purchaser and Seller shall instruct the Escrow Agent to do so in writing) within five (5) days after the Settlement Date.
Purchase Price Settlement. (a) In the event the Purchase Price is (i) less than the Estimated Purchase Price, then Seller shall pay to Purchaser an amount equal to such deficiency within five (5) days after the Settlement Date; or (ii) greater than the Estimated Purchase Price, then Purchaser shall pay to Seller an amount equal to such excess within five (5) days after the Settlement Date, plus, in either case, interest thereon and payable from the Closing Date to the date of payment at the prime rate as published in The Wall Street Journal on the Closing Date.
Purchase Price Settlement. (a) In the event the Final Net Working Capital is less than the Estimated Net Working Capital, then Seller shall pay to Purchaser within five (5) days after the Settlement Date an amount equal to such deficiency.
