Examples of Estimated Purchase Price Adjustment Amount in a sentence
On the Closing Date, Buyer shall pay the Purchase Price to Seller and Alpine as follows: (a) by a wire transfer of the sum of (i) $26,950,000 plus (ii) the Estimated Purchase Price Adjustment Amount, in immediately available funds, provided that, to the extent necessary to obtain the release of any Lien (other than Permitted Liens) on the Purchased Assets, a portion of such payment may be paid to the holder of such Lien to secure its release and (b) by the assumption of the Assumed Liabilities.
On the terms and subject to the conditions set forth in this Agreement, at the Closing, the Buyer will pay and deliver to the Seller Four Hundred Million Dollars ($400,000,000) (the “Base Price”), plus the Estimated Purchase Price Adjustment Amount, if any, minus the Estimated Indebtedness (the “Initial Purchase Price”), in cash by wire transfer of immediately available funds to an account or accounts designated by the Seller.
If the Acquiror does not deliver the Acquiror’s Purchase Price Adjustment Certificate to the Parent within thirty (30) Business Days following the Closing Date, then the Seller’s Estimated Purchase Price Adjustment Amount detailed in the Seller’s Purchase Price Adjustment Certificate shall be deemed to be the Final Purchase Price Adjustment Amount in accordance with the last sentence of Section 2.05(f).
If the Estimated Purchase Price Adjustment Amount is a positive number, then the Purchase Price payable at Closing shall be increased by 80% of such amount.
The Estimated Balance Sheets, the Estimated Net Working Capital and the Estimated Purchase Price Adjustment Amount (collectively, the “Estimated Closing Items”) shall be prepared on a basis consistent with past practice and consistent with the principles and assumptions used in preparation of the Net Working Capital and Purchase Price Adjustment Amount Illustration attached as Exhibit 13.2(a) hereto.
If the Estimated Purchase Price Adjustment Amount is a negative number, then the Purchase Price payable at Closing shall be decreased by 100% of the absolute value of such amount.
The Estimated Closing Date Balance Sheet, the Estimated Net Working Capital, the Estimated Pre-Closing Capital Expenditures Amount, the Estimated Indebtedness Amount and the Estimated Purchase Price Adjustment Amount shall be prepared and/or calculated in accordance with GAAP applied consistently and in a manner consistent with the methodologies and examples (including the accounts set forth thereon) set forth in Schedule 2.3 hereto (the “Accounting Methodology Schedule”).