{"component": "definition", "props": {"groups": [{"samples": [{"hash": "gGPiAgw4va9", "uri": "/contracts/gGPiAgw4va9#downward-adjustment", "label": "Collective Bargaining Agreement", "score": 27.9757381232, "published": true}, {"hash": "hklvGQaVE96", "uri": "/contracts/hklvGQaVE96#downward-adjustment", "label": "Collective Bargaining Agreement", "score": 24.7481177276, "published": true}, {"hash": "d8Ct9G31Lw4", "uri": "/contracts/d8Ct9G31Lw4#downward-adjustment", "label": "Collective Bargaining Agreement", "score": 24.7262149213, "published": true}], "size": 4, "snippet": "Any downward adjustment of any position without the consent of the employee shall be considered a demotion and shall take place only as a result of layoff or disciplinary procedures of this agreement.", "snippet_links": [{"key": "adjustment-of", "type": "clause", "offset": [13, 26]}, {"key": "the-employee-shall", "type": "clause", "offset": [63, 81]}, {"key": "disciplinary-procedures", "type": "definition", "offset": [158, 181]}, {"key": "this-agreement", "type": "clause", "offset": [185, 199]}], "hash": "943c8b9ddfb37d2d4c63f60ba069b777", "id": 1}, {"samples": [{"hash": "2W8JYiL6C6n", "uri": "/contracts/2W8JYiL6C6n#downward-adjustment", "label": "Purchase and Sale Agreement (New Source Energy Partners L.P.)", "score": 24.5728952772, "published": true}, {"hash": "gaJV8KcVR9a", "uri": "/contracts/gaJV8KcVR9a#downward-adjustment", "label": "Contribution Agreement (New Source Energy Partners L.P.)", "score": 24.2553045859, "published": true}, {"hash": "7ngFirGGbR5", "uri": "/contracts/7ngFirGGbR5#downward-adjustment", "label": "Contribution Agreement (New Source Energy Partners L.P.)", "score": 24.2553045859, "published": true}], "size": 4, "snippet": "has the meaning set forth in Section 10.2(d).", "snippet_links": [], "hash": "76ec05e86d7cefff2a35d0db3e8cead3", "id": 2}, {"samples": [{"hash": "dD87oLQYug8", "uri": "/contracts/dD87oLQYug8#downward-adjustment", "label": "Merger Agreement (Nu Skin Enterprises Inc)", "score": 18.0, "published": true}, {"hash": "aMjpvdhBkQ2", "uri": "/contracts/aMjpvdhBkQ2#downward-adjustment", "label": "Merger Agreement (Nu Skin Enterprises Inc)", "score": 18.0, "published": true}], "size": 4, "snippet": "has the meaning specified in Section 2.08(c).", "snippet_links": [], "hash": "d4d2ce84bfc8238bc621d5d7ba2b4104", "id": 3}, {"samples": [{"hash": "fSMnCxgoJ0H", "uri": "/contracts/fSMnCxgoJ0H#downward-adjustment", "label": "Agreement and Plan of Reorganization (Equivest Finance Inc)", "score": 18.0, "published": true}, {"hash": "5BR5RbEjNJV", "uri": "/contracts/5BR5RbEjNJV#downward-adjustment", "label": "Agreement and Plan of Reorganization (Kinser C Wayne)", "score": 18.0, "published": true}], "size": 3, "snippet": "shall have the meaning set forth in Section 2.03(a)(i).", "snippet_links": [], "hash": "e4ece5400fda470476447c4458f14082", "id": 4}, {"samples": [{"hash": "4tDzmlEuF0g", "uri": "https://webfiles.thecse.com/Abacus_Listing_Statement_-_Form_2A_-_Complete_-_Executed.pdf?2MK8gzpfmjFbbLbLzFTCc2Tg2VoKs1bw", "label": "webfiles.thecse.com", "score": 12.2210814511, "published": false}, {"hash": "7ZhDvnh6RGh", "uri": "https://sec.report/otc/financial-report/224265/Annual-information-form.pdf", "label": "sec.report", "score": 9.6420260096, "published": false}], "size": 2, "snippet": "means any Downward Acquisition Issuance Adjustment, Downward Share Issuance Adjustment or Downward Warrant Issuance Adjustment.", "snippet_links": [{"key": "acquisition-issuance", "type": "definition", "offset": [19, 39]}, {"key": "share-issuance", "type": "definition", "offset": [61, 75]}, {"key": "warrant-issuance", "type": "clause", "offset": [99, 115]}], "hash": "c60420184cfc9a02ad5083543febfe4a", "id": 5}, {"samples": [{"hash": "dHIRNKjhSuu", "uri": "/contracts/dHIRNKjhSuu#downward-adjustment", "label": "Merger Agreement (Pioneer Southwest Energy Partners L.P.)", "score": 21.0, "published": true}, {"hash": "awEe99hGfXP", "uri": "/contracts/awEe99hGfXP#downward-adjustment", "label": "Merger Agreement (Pioneer Southwest Energy Partners L.P.)", "score": 21.0, "published": true}], "size": 2, "snippet": "means the sum of (i) the aggregate amount of (a) proceeds received by Pioneer USA and Properties LLC from the sale of Hydrocarbons produced from and attributable to the Assets from and after the Effective Time for which Operating Company is entitled under Section 9(a), and (b) other proceeds received with respect to the Assets for which Operating Company would otherwise be entitled under Section 9(a), (ii) Pioneer USA\u2019s and Properties LLC\u2019s shares of estimated ad valorem taxes through the Effective Time, (iii) the amount of any other downward adjustment mutually agreed upon by the parties, and (iv) the amount Pioneer USA and Properties LLC are overproduced with respect to the Assets as of the Effective Time times $6.50 per MCF (or, with respect to oil Imbalances, $70.00 per barrel).", "snippet_links": [{"key": "sum-of", "type": "clause", "offset": [10, 16]}, {"key": "aggregate-amount", "type": "clause", "offset": [25, 41]}, {"key": "received-by", "type": "definition", "offset": [58, 69]}, {"key": "pioneer-usa", "type": "definition", "offset": [70, 81]}, {"key": "sale-of-hydrocarbons", "type": "clause", "offset": [110, 130]}, {"key": "the-assets", "type": "clause", "offset": [165, 175]}, {"key": "from-and-after-the-effective-time", "type": "clause", "offset": [176, 209]}, {"key": "operating-company", "type": "clause", "offset": [220, 237]}, {"key": "other-proceeds", "type": "definition", "offset": [278, 292]}, {"key": "with-respect-to", "type": "clause", "offset": [302, 317]}, {"key": "shares-of", "type": "clause", "offset": [445, 454]}, {"key": "ad-valorem-taxes", "type": "clause", "offset": [465, 481]}, {"key": "mutually-agreed", "type": "definition", "offset": [560, 575]}, {"key": "by-the-parties", "type": "clause", "offset": [581, 595]}], "hash": "7082064ec303005306c7327d0c56ee34", "id": 6}, {"samples": [{"hash": "hRWg5LblJjF", "uri": "/contracts/hRWg5LblJjF#downward-adjustment", "label": "Stock Purchase Agreement (Bekins Co /New/)", "score": 18.0, "published": true}, {"hash": "axV05jNaeQA", "uri": "/contracts/axV05jNaeQA#downward-adjustment", "label": "Stock Purchase Agreement (Bekins Co /New/)", "score": 18.0, "published": true}], "size": 2, "snippet": "shall have the meaning set forth in Section 2.3(b) of this Agreement.", "snippet_links": [{"key": "this-agreement", "type": "clause", "offset": [54, 68]}], "hash": "fb34238575591994f35c9e26240b1727", "id": 7}, {"samples": [{"hash": "lW3ZwSIZHyA", "uri": "/contracts/lW3ZwSIZHyA#downward-adjustment", "label": "Asset Sale Agreement (Nortel Networks Corp)", "score": 21.1998631075, "published": true}], "size": 2, "snippet": "has the meaning set forth in Section 5.26(b).", "snippet_links": [], "hash": "c69d22e553f5e178038ea0b7859ecabb", "id": 8}, {"samples": [{"hash": "5BR5RbEjNJV", "uri": "/contracts/5BR5RbEjNJV#downward-adjustment", "label": "Agreement and Plan of Reorganization (Kinser C Wayne)", "score": 18.0, "published": true}], "size": 2, "snippet": "shall be equal to the amount as of the Closing Date by which the aggregate deferred income tax liability with respect to installment sale receivables (as determined under the rules of Financial Accounting Standards Board (FASB) Statement No. 109) of the Acquired Companies as reflected on the books and records of the Acquired Companies as of such date, the \"Deferred Tax Liability Accrual\", exceeds fourteen million four hundred thousand dollars ($14,400,000), the \"DTL Target\", as jointly determined by EFI and Kins\u2587\u2587. \u2587\u2587e \"Upward Adjustment\" shall be equal to twenty percent (20%) of the amount, if any, as of the Closing Date by which the DTL Target exceeds the Deferred Tax Liability Accrual, as jointly determined by EFI and Kins\u2587\u2587. \u2587\u2587e Upward Adjustment shall be paid fifteen percent (15%) in cash and eighty-five percent (85%) in shares of EFI Common Stock valued at the VWAP as of the date the Upward Adjustment is paid; provided, however, that EFI shall not be required to pay more than two hundred fifty thousand dollars ($250,000) of any such amount in cash at the Closing. EFI and Kins\u2587\u2587 \u2587\u2587\u2587ll attempt, in good faith, to determine the Downward Adjustment or the Upward Adjustment, as the case may be, prior to the Closing Date. None of the transactions, payments, or obligations reflected in this Agreement shall have any effect for purposes of determining the Deferred Tax Liability Accrual.", "snippet_links": [{"key": "equal-to", "type": "definition", "offset": [9, 17]}, {"key": "as-of-the-closing-date", "type": "clause", "offset": [29, 51]}, {"key": "deferred-income-tax-liability", "type": "definition", "offset": [75, 104]}, {"key": "with-respect-to", "type": "clause", "offset": [105, 120]}, {"key": "sale-receivables", "type": "definition", "offset": [133, 149]}, {"key": "rules-of", "type": "definition", "offset": [175, 183]}, {"key": "financial-accounting-standards-board", "type": "definition", "offset": [184, 220]}, {"key": "statement-no", "type": "clause", "offset": [228, 240]}, {"key": "the-acquired-companies", "type": "clause", "offset": [250, 272]}, {"key": "books-and-records", "type": "definition", "offset": [293, 310]}, {"key": "deferred-tax-liability", "type": "clause", "offset": [359, 381]}, {"key": "upward-adjustment", "type": "clause", "offset": [526, 543]}, {"key": "in-cash", "type": "definition", "offset": [797, 804]}, {"key": "five-percent", "type": "clause", "offset": [816, 828]}, {"key": "shares-of", "type": "clause", "offset": [838, 847]}, {"key": "common-stock", "type": "definition", "offset": [852, 864]}, {"key": "to-pay", "type": "clause", "offset": [980, 986]}, {"key": "at-the-closing", "type": "definition", "offset": [1070, 1084]}, {"key": "in-good-faith", "type": "clause", "offset": [1116, 1129]}, {"key": "determine-the", "type": "clause", "offset": [1134, 1147]}, {"key": "the-case", "type": "definition", "offset": [1197, 1205]}, {"key": "prior-to-the-closing-date", "type": "clause", "offset": [1214, 1239]}, {"key": "the-transactions", "type": "clause", "offset": [1249, 1265]}, {"key": "in-this-agreement", "type": "definition", "offset": [1302, 1319]}, {"key": "for-purposes-of", "type": "clause", "offset": [1342, 1357]}], "hash": "f57add5471e087b6a55ab38b7c882151", "id": 9}, {"samples": [{"hash": "1B5C721Apt7", "uri": "/contracts/1B5C721Apt7#downward-adjustment", "label": "Asset Sale Agreement", "score": 19.0, "published": true}], "size": 1, "snippet": "means [\u25cf].9 8 Note to Purchaser: Parties to discuss approach to contract manufacturers.", "snippet_links": [{"key": "note-to-purchaser", "type": "definition", "offset": [14, 31]}, {"key": "parties-to-discuss", "type": "clause", "offset": [33, 51]}, {"key": "contract-manufacturers", "type": "clause", "offset": [64, 86]}], "hash": "3c21c81f1642d5a05fee410ac3ad5556", "id": 10}], "next_curs": "CmASWmoVc35sYXdpbnNpZGVyY29udHJhY3RzcjwLEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIcZG93bndhcmQtYWRqdXN0bWVudCMwMDAwMDAwYQyiAQJlbhgAIAA=", "definition": {"title": "Downward Adjustment", "size": 31, "snippet": "Any downward adjustment of any position without the consent of the employee shall be considered a demotion and shall take place only as a result of layoff or disciplinary procedures of this agreement.", "id": "downward-adjustment", "examples": ["Notwithstanding the foregoing, if Seller has not paid any amounts due to Buyer on account of an undisputed <strong>Downward Adjustment</strong> Amount pursuant to Section 1.05 hereof, Seller agrees to use any funds remaining in the Escrow Amount immediately prior to its release to Seller, towards the satisfaction of each unpaid <strong>Downward Adjustment</strong>.", "Notwithstanding anything to the contrary contained herein, Buyer agrees that under no circumstance shall Escrow Agent release any of the Escrow Amount to Buyer to satisfy any amounts owed to Buyer in respect of the <strong>Downward Adjustment</strong> Amount except as otherwise permitted pursuant to Section 9.04(b).", "The Accounts Receivable/Inventory Holdback Amount shall be used to satisfy (x) any Estimated Adjustment Amount pursuant to subsection 1.04(e); (y) any <strong>Downward Adjustment</strong> Amount owed to Buyer pursuant to Section 1.05 and (z) any indemnification claims arising from the breach of representations and warranties of Seller with respect to Sections 2.07 (Inventory) and 2.12 (Accounts Receivable) pursuant to and in accordance with Article IX hereof.", "The Additional Purchase Price or the <strong>Downward Adjustment</strong> Amount, as the case may be (excluding payments attributable to interest), will be treated by the parties as an increase or decrease, as the case may be, in the Purchase Price.", "In the event of the <strong>Downward Adjustment</strong> Trigger, the Issuance Price shall be decreased to the Closing Issuance Price, which decrease shall result in a corresponding decrease in the aggregate Purchase Price.", "Sellers shall pay or cause to be paid, by bank wire transfer of immediately available funds, to an account or accounts designated in writing by Buyers, an amount in cash equal to the <strong>Downward Adjustment</strong> Amount.", "Any portion of the Cash Merger Consideration Adjustment Escrow Fund that is not used to satisfy any claim of Parent pursuant to Section 1.9(e)(ii) in respect of any Aggregate <strong>Downward Adjustment</strong> Amount shall, as promptly as reasonably practicable after the Determination Date, be released by the Escrow Agent to the Exchange Agent for distribution to the Company Members in accordance with their respective Pro Rata Percentages.", "For the avoidance of doubt, any reference to <strong>Downward Adjustment</strong> Amount in this paragraph shall be a reference to the <strong>Downward Adjustment</strong> Amount with respect to the Original Exchange.", "Buyer shall cause such redemption to occur within five Business Days from the date on which the <strong>Downward Adjustment</strong> Amount is finally determined pursuant to this Section.", "The Cash Merger Consideration Adjustment Escrow Fund shall constitute an escrow fund securing any claim of Parent in the event that there is an Aggregate <strong>Downward Adjustment</strong> Amount, and shall be used solely to promptly satisfy any claim of Parent pursuant to Section 1.9(e)(ii) in respect of any Aggregate <strong>Downward Adjustment</strong> Amount."], "related": [["\u2587\u2587\u2587\u2587\u2587-adjustment", "\u2587\u2587\u2587\u2587\u2587 Adjustment", "\u2587\u2587\u2587\u2587\u2587 Adjustment"], ["cpi-adjustment", "CPI Adjustment", "CPI Adjustment"], ["true-up-adjustment", "True-Up Adjustment", "True-Up Adjustment"], ["related-adjustment", "Related Adjustment", "Related Adjustment"], ["spread-adjustment", "Spread Adjustment", "Spread Adjustment"]], "related_snippets": [], "updated": "2025-07-06T21:56:50+00:00"}, "json": true, "cursor": ""}}