Examples of Closing Adjustment Escrow Amount in a sentence
In the event that the Closing Date Cash Payment Adjustment results in a decrease in the Purchase Price, (x) the Closing Date Cash Payment Adjustment, up to the Closing Adjustment Escrow Amount, shall be released to the Buyer in accordance with the Escrow Agreement, and (y) if the Closing Date Cash Payment Adjustment exceeds the Closing Adjustment Escrow Amount, the Seller shall pay to the Buyer the remaining balance of such Closing Date Cash Payment Adjustment.
In the event that, in the aggregate, the Closing Date Cash Payment Adjustment results in an increase in the Closing Date Cash Payment, (i) all of the Closing Adjustment Escrow Amount shall be released to the Seller in accordance with the Escrow Agreement, and (ii) the Buyer shall pay the Closing Date Cash Payment Adjustment to the Seller.
If the adjustments set forth on the Final Statement result in a net balance due to the Shareholders, Buyer shall pay such balance to the Shareholders in the manner provided in Section 2(a) within two (2) business days from the date of final agreement on the Final Statement; and if the adjustments set forth in the Final Statement result in a net balance due Buyer, Buyer shall be reimbursed from the Closing Adjustment Escrow Amount.
As provided in Section 2.04(a)(ii), at the Closing, Buyer shall deposit in escrow with the Escrow Agent the Closing Adjustment Escrow Amount and the Indemnity Escrow Amount, which shall be held in separate accounts and disbursed by the Escrow Agent in accordance with the terms and provisions of the Escrow Agreement and this Agreement.
Buyer and Seller Representative will share equally the payment of any fees and expenses payable to the Escrow Agent pursuant to the Escrow Agreement, which will not be deducted from the Indemnity Escrow Amount or the Closing Adjustment Escrow Amount.