Examples of Completion NAV in a sentence
For any avoidance of doubt, if the Completion NAV as shown in the Completion Account shows either no deficit or a deficit (or negative value) of less than HK$20,000,000, no payment whatsoever shall be made by the Vendor to the Purchaser or by the Purchaser to the Vendor.
If the Completion NAV exceeds the Estimated NAV, the Purchaser shall pay to the Vendor an additional amount equal to the difference between the Completion NAV and the Estimated NAV as an increase in the Consideration.
If the Completion NAV as shown in the Completion Account shows a deficit (or negative value) of more than HK$20,000,000, then the Vendor shall pay to the Purchaser an amount in cash equivalent to the difference between the Completion NAV and the Benchmark Value on a dollar-to-dollar basis within 30 Business Days after the Completion Account is issued and delivered by the Purchaser to the Vendor.
Net asset value adjustment If the Completion NAV is less than the Estimated NAV, the Vendor shall repay to the Purchaser an amount equal to the difference between the Completion NAV and the Estimated NAV as a reduction in the Consideration.
Accordingly, the Parties do not expect the Completion NAV to be adjusted by more than the Retention Amount.