Examples of Estimated Closing Purchase Price in a sentence
If the Estimated Net Working Capital as set forth in the written statement to be delivered by Sellers to Purchaser is less than the amount of the Target Net Working Capital, the Estimated Closing Purchase Price shall be an amount equal to the Base Purchase Price minus the amount by which the Target Net Working Capital exceeds the Estimated Net Working Capital.
Encore shall have no liability for the payment by the Seller Representative, or the allocation among the Sellers, of the Estimated Closing Purchase Price or any other element of Purchase Price that the Sellers may be entitled to receive.
If the Estimated Net Working Capital as set forth in the written statement to be delivered by Sellers to Purchaser exceeds the amount of the Target Net Working Capital, the Estimated Closing Purchase Price shall be an amount equal to the Base Purchase Price plus the amount by which the Estimated Net Working Capital exceeds the Target Net Working Capital.
The amount of the Estimated Purchase Price set forth on the Estimated Statement, as reviewed and approved by Encore, shall be used to determine the Estimated Closing Purchase Price payable at the Closing pursuant to Section 2.3(c).
The Purchaser shall update the Tax Allocation, on a basis consistent with the Tax Allocation prepared utilizing the Estimated Closing Purchase Price, to reflect the Closing Purchase Price and provide a copy of such updated Tax Allocation to Seller and, for purposes of this Agreement, such updated Tax Allocation shall be utilized by the parties in connection with their rights and obligations set forth in Section 1.8.