Xxxxx Adjustment Sample Clauses

Xxxxx Adjustment. Adjustment in the payment method or reduction of the grant to the Subrecipient when there is noncompliance and the violation cited has not been remedied as specified.

Xxxxx Adjustment. The parties agree that if the Closing Inventory Amount is less than the Estimated Inventory Amount and/or the Accrued Vacation Pay is more than the Estimated Accrued Vacation Pay, within ten business days after both such amounts have become final and binding on the parties hereunder, the Purchase Price shall be reduced by the amount of such deficiency or excess, as applicable, and the Seller shall pay to the Buyer the amount of such deficiency or excess, as applicable, together with interest thereon at the Applicable Rate calculated on the basis of the actual number of days elapsed over 365, from the Closing Date to the date of payment. If the Closing Inventory Amount exceeds the Estimated Inventory Amount and/or the Accrued Vacation Pay is less than the Estimated Accrued Vacation Pay, within 10 business days after both amounts have become final and binding upon the parties, the Purchase Price shall be increased (but not to exceed $11,373,000) by the amount of such excess or deficiency, as applicable, and the Buyer shall pay to the Seller the amount of such excess or deficiency, as applicable, together with interest thereon at the Applicable Rate calculated on the basis of the actual number of days elapsed over 365, from the Closing Date to the date of payment.