Examples of Asset Purchase Consideration in a sentence
If the Seller does not cure such defect or, at its election does not agree to any proposed adjustment to the Asset Purchase Consideration, the Purchaser may terminate this Agreement.
The Asset Purchase Agreement provides that, subject to certain conditions as described therein, Classic Cable will, directly or indirectly, acquire substantially all of the assets of Star (the "Acquisition") for a purchase price of approximately $__________ million in cash (the "Asset Purchase Consideration").
All indemnification payments under this Section 8 shall be deemed adjustments to the Asset Purchase Consideration.
As soon as practicable after the Closing of the Asset Purchase, the parties to the Asset Purchase or their designees will deliver cross-receipts acknowledging the delivery and receipt of the Asset Purchase Consideration in accordance with the provisions of Article 3 hereof.
As security for the indemnification obligations of the Seller under this Agreement, the Parties and the Escrow Agent shall enter into the Escrow Agreement as of the Closing Date, which shall be funded with Eight Million Dollars ($8,000,000.00) of the Asset Purchase Consideration otherwise payable to the Seller (the "Escrow Amount").
The Parent Shares issued as a part of the Asset Purchase Consideration in accordance with this Agreement will be, when so issued, duly authorized, validly issued, fully paid and non-assessable and free of preemptive rights.
Any decrease in the Asset Purchase Consideration pursuant to this Section 2.7 shall be referred to as a "PURCHASE PRICE ADJUSTMENT".
The Asset Purchase Consideration will be allocated for all purposes (including Tax and financial accounting purposes) as set forth (or in accordance with the methodology set forth) in Exhibit A hereto (the "PURCHASE PRICE ALLOCATION").
With respect to the costs associated with the transfer of the Seller's right, title, and interest in and to the Business to the Purchaser, at Closing, the following adjustments shall be made to the Asset Purchase Consideration, as further calculated and in accordance with the Funds Flow and Settlement Statement: The Seller agrees that it shall pay the real estate transfer Tax applicable to the transactions contemplated by this Agreement.
Following the date hereof and prior to the Asset Purchase Closing, Corning and Avanex shall use commercially reasonable efforts to agree on an allocation of a portion of the Asset Purchase Consideration to the Purchased Corning Assets located in Italy for Italian tax purposes.