Examples of Estimated Adjustment Items in a sentence
The computations of the Estimated Adjustment Items calculated in accordance with this Section 2.7(a), absent manifest mathematical error, shall be conclusive for purposes of determining the Adjustment Items to be included in the calculation of the Closing Date Merger Consideration payable at the Closing, but shall be subject to adjustment after the Closing pursuant to this Section 2.7.
The computations of the Estimated Adjustment Items calculated inaccordance with this Section 2.7(a), absent manifest mathematical error, shall be conclusive for purposes of determining the Adjustment Items to be included in the calculation of the Closing Date Merger Consideration payable at the Closing, but shall be subject to adjustment after the Closing pursuant to this Section 2.7.
Such adjustment is equal to the Initial Closing Pro Rata Share of the difference (if any) between: (i) the Estimated Adjustment Items; and(ii) the post-Closing calculation of the Estimated Adjustment Items, which Dream Cruises shall deliver to the Seller and the Purchaser no later than 20 business days following the Initial Closing (the “Final Adjustment Items”).
The Estimated Adjustment Items will be prepared in accordance with the definitions thereof, GAAP (and applicable Tax Law in the case of any Taxes) and the principles, policies, practices, procedures, classifications, and judgment and estimation methodologies set forth on Schedule 1, to the extent consistent with GAAP.
If the final determination of Adjustment Items as of the Closing Date (either pursuant to mutual agreement or by determination of the Accounting Expert) is greater than the Estimated Adjustment Items, as set forth on the Estimated Adjustment Statement, Seller shall pay to Buyer, by wire transfer of immediately available funds to an account designated by Buyer, the amount of such excess.
If the final determination of Adjustment Items as of the Closing Date (either pursuant to mutual agreement or by determination of the Accounting Expert) is less than the Estimated Adjustment Items as set forth on the Estimated Adjustment Statement, then Buyer shall pay to Seller, by wire transfer of immediately available funds to an account designated by Seller, the amount of such shortfall.
The computations of the Estimated Adjustment Items calculated inaccordance with this Section 2.7(a), absent manifest mathematical error, shall be conclusive for purposes of determining the Adjustment Items to be included in the calculation of the Closing Date Merger Consideration payable at the Closing, but shall be subject to adjustment after the Closing pursuant to this S ection 2.7.