Common use of Reconciliation Payment Clause in Contracts

Reconciliation Payment. Within five (5) Business Days after Final Tangible Net Assets becomes final and binding on the Parties, the following will occur (with the payments in this Section below being made by wire transfer of immediately available funds): (1) if the Estimated Purchase Price (as paid at Closing) is more than the Purchase Price (as adjusted, if at all, under Section 2.3(f)), then the Company will pay to Buyer the amount of such excess, without interest. (2) if the Estimated Purchase Price (as paid at Closing) is less than the Purchase Price (as adjusted, if at all, under Section 2.3(f)), then Buyer will pay to Company the amount of such excess, without interest.

Reconciliation Payment. Within five (5) Business Days after Final Tangible Net Assets Working Capital becomes final and binding on the Parties, the following will occur (with the payments in this Section below being made by wire transfer of immediately available funds): (1) if the Estimated Initial Purchase Price (as paid at Closing) is less than the Purchase Price (as adjusted, if at all, under Section 2.3(e)), then Buyer will pay to the Company the amount of such difference in cash, without interest; or (2) if the Initial Purchase Price (as paid at Closing) is more than the Purchase Price (as adjusted, if at all, under Section 2.3(f2.3(e)), then the Company will pay to Buyer the amount of such excessexcess in cash, without interest. (2) if the Estimated Purchase Price (as paid at Closing) is less than the Purchase Price (as adjusted, if at all, under Section 2.3(f)), then Buyer will pay to Company the amount of such excess, without interest.

Reconciliation Payment. Within five (5) Business Days after Final Tangible Net Assets Working Capital becomes final and binding on the Parties, the following will occur (with the payments in this Section below being made by wire transfer of immediately available funds): (1) if the Estimated Initial Purchase Price (as paid at Closing) is less than the Purchase Price (as adjusted, if at all, under Section 2.3(e)), then Buyer will pay to the Company the amount of such difference, without interest; or (2) if the Initial Purchase Price (as paid at Closing) is more than the Purchase Price (as adjusted, if at all, under Section 2.3(f2.3(e)), then the Company will pay to Buyer the amount of such excess, without interest. (2) if the Estimated Purchase Price (as paid at Closing) is less than the Purchase Price (as adjusted, if at all, under Section 2.3(f)), then Buyer will pay to Company the amount of such excess, without interest.