Examples of Final Net Purchase Price in a sentence
The Parties agree to treat any payments made pursuant to Section 2.3 or Section 2.4 as an adjustment to the Final Net Purchase Price for federal, state, local and foreign income Tax purposes, unless otherwise required by Law.
Within five (5) Business Days after the date on which the Final Net Purchase Price is finally determined pursuant to this Section 2.6, the Buyer and the Sellers’ Representative shall deliver joint written instructions to the Escrow Agent instructing the Escrow Agent to deliver any portion of the Working Capital Escrow Fund not distributed to the Buyer pursuant to Section 2.6(c) (if any) to the Sellers’ legal counsel, in trust for the Sellers.
Subject to adjustments pursuant to Section 2.3, the aggregate purchase price for the Purchased Shares is equal to the sum of (i) the Final Net Purchase Price, plus (ii) the Earn-Out Consideration, if and only if payable pursuant to the terms and conditions of Section 2.4.
Any indemnification payments will increase or reduce, as applicable, the Final Net Purchase Price by a corresponding amount.
Without limiting the foregoing, notwithstanding anything to the contrary in this Agreement, the Buyer Indemnitees shall not be entitled to indemnification with respect to any Damages as a result of, or based upon or arising from, any claim or liability to the extent such claim or liability is taken into account in determining the Final Net Purchase Price in accordance with Section 1.6.
Solely by way of example, if Buyer claims in the Closing Statement that the Final Net Purchase Price is $1,000,000, Seller claims in the Notice of Disagreement that the Final Net Purchase Price is $1,500,000, and the Independent Accountant determines that the Final Net Purchase Price is $1,100,000, then Buyer shall pay 20% of the Independent Accountant’s fees and disbursements and Seller shall pay 80% of the Independent Accountant’s fees and disbursements.
If Seller does not deliver the Notice of Disagreement to Buyer within such thirty (30)-day period, such Closing Statement and the Final Net Purchase Price reflected in the Closing Statement will be final, conclusive and binding on the Parties.
The Parties agree to treat any indemnity payment made pursuant to this ARTICLE VIII as an adjustment to the Final Net Purchase Price for federal, state, local and foreign income Tax purposes unless otherwise required by Law.
The Downward Adjustment Amount (including interest) shall be paid to Buyer within five (5) Business Days from the date on which the Final Net Purchase Price is finally determined pursuant to this Section 1.6.
The Parties agree to treat any indemnity payment made pursuant to this ARTICLE VIIIas an adjustment to the Final Net Purchase Price for federal, state, local and foreign income Tax purposes unless otherwise required by Law.