Negative Adjustment Amount has the meaning set forth in Section 1.06(b).
Negative Adjustment Amount has the meaning given in paragraph 3.12.2 of this Schedule 2; “Percentage Participation” has the meaning given in paragraph 3.8 of this Schedule 2; “Positive Adjustment Amount” has the meaning given in paragraph 3.12.1 of this Schedule 2; “Premium Cap“ means (a) €550,000 or (b) where a Participating Insurer issues a Policy or underwrites a layer that provides a lower amount of cover than the “Minimum Level of Cover” (set out in paragraph 3.1 of the Minimum Terms and Conditions, being €1,500,000 at the date of this Agreement), the proportion of (a) that the underwritten layer bears to the “Minimum Level of Cover” calculated in accordance with the following formula: X €550,000 Where: M means the Minimum Level of Cover (as set out in paragraph 3.1 of the Minimum Terms and Conditions, being €1,500,000 at the date of this Agreement);
Negative Adjustment Amount has the meaning set forth in Section 3.3(d).
Examples of Negative Adjustment Amount in a sentence
If the net amount based on the calculations set forth in Sections 2.3(5)(b) and 2.3(5)(c) is owed by Seller to Purchaser (a “Negative Adjustment Amount”), then, within two (2) Business Days of the Draft Statement becoming the Closing Statement, Seller shall pay the Negative Adjustment Amount to or as directed by Purchaser.
More Definitions of Negative Adjustment Amount
Negative Adjustment Amount has the meaning set forth in Section 2.11(e).
Negative Adjustment Amount means the amount by which the Working Capital Lower Target exceeds the Closing Working Capital.
Negative Adjustment Amount shall have the meaning set forth in Section 2.4(c).
Negative Adjustment Amount is defined in Section 2.15(e).
Negative Adjustment Amount has the meaning given in Clause 7.3.2;
Negative Adjustment Amount has the meaning ascribed thereto in Section 2.6.2;
Negative Adjustment Amount is defined in Section 2.4.3.