Negative Closing Date Adjustment Amount definition

Negative Closing Date Adjustment Amount shall have the meaning specified in Section 3.4(e) of this Agreement.
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Negative Closing Date Adjustment Amount has the meaning set forth in Section 2(e)(vii).
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Examples of Negative Closing Date Adjustment Amount in a sentence

  • In such event, Seller will pay the Negative Closing Date Adjustment Amount to Purchaser together with interest for the period from the Closing Date to the date of payment at the rate of 2% per annum, by wire transfer of immediately available funds to an account designated by Purchaser in writing, no later than three business days after the completion of the Closing Balance Sheet and the resolution of any disputes related thereto pursuant to Section 2.4 of this Agreement.

  • If the Closing Working Capital is less than $2,659,595, then the Purchase Price will be decreased on a dollar-for-dollar basis of the amount of such deficiency (the "Negative Closing Date Adjustment Amount").

Related to Negative Closing Date Adjustment Amount

  • Post-Closing Adjustment Amount has the meaning set forth in Section 1.9.3.

  • Closing Adjustment Amount shall have the meaning set forth in Section 3.2(c).

  • Closing Date Purchase Price shall have the meaning set forth in Section 2.1 hereof.

  • Financing Costs Adjustment Date means each of the following days:

  • Estimated Closing Date Net Working Capital has the meaning set forth in Section 2.3(a)(i).

  • Post-Closing Adjustment has the meaning set forth in Section 2.04(b)(ii).

  • Net Working Capital Adjustment Amount means an amount (which may be a positive or negative number) equal to (a) the Closing Date Net Working Capital minus (b) the Target Net Working Capital.

  • Final Adjustment Amount has the meaning set forth in Section 2.4(c).

  • Interest Adjustment Date With respect to a Mortgage Loan, the date, if any, specified in the related Mortgage Note on which the Mortgage Interest Rate is subject to adjustment.

  • Estimated Closing Date Balance Sheet shall have the meaning set forth in Section 2.3(a) hereof.

  • Closing Date Net Working Capital shall have the meaning set forth in Section 2.03(c).

  • Net Adjustment Amount means an amount, which may be positive or negative, equal to the Closing Net Working Capital as finally determined pursuant to this Section 2.9 minus the Preliminary Net Working Capital as set forth on the Preliminary Closing Statement;

  • Working Capital Adjustment Amount means an amount, which may be positive or negative, calculated in accordance with Schedule C, equal to the difference of (a) the Closing Date Adjusted Working Capital minus (b) the Preliminary Adjusted Working Capital.

  • Adjustment Amount For any Distribution Date, the difference between (A) the sum of the Class A Principal Balance and the Class B Principal Balance as of the related Determination Date and (B) the sum of (i) the sum of the Class A Principal Balance and the Class B Principal Balance as of the Determination Date succeeding such Distribution Date and (ii) the aggregate amount that would have been distributed to all Classes as principal in accordance with Section 4.01(a) for such Distribution Date without regard to the provisos in the definitions of Class B-1 Optimal Principal Amount, Class B-2 Optimal Principal Amount, Class B-3 Optimal Principal Amount, Class B-4 Optimal Principal Amount, Class B-5 Optimal Principal Amount and Class B-6 Optimal Principal Amount.

  • SOFR Adjustment Date means the second U.S. Government Securities Business Day before the first day of such Interest Period.

  • Estimated Adjustment Amount has the meaning set forth in Section 2.5(a).

  • Closing Date Working Capital has the meaning specified in Section 2.3(b).

  • Purchase Price Adjustment Escrow Amount means $500,000.

  • Closing Cash Amount shall have the meaning set forth in Section 2.8(b).

  • Closing Date Cash has the meaning specified in Section 3.4(a).

  • Payment Adjustment Date With respect to each ARM Loan, the date on which the Borrower's Monthly Payment changes in accordance with the terms of the related Mortgage Note.

  • Initial Adjustment Date As to any Adjustable Rate Mortgage Loan, the first Adjustment Date following the origination of such Mortgage Loan.

  • Closing Date Balance Sheet has the meaning specified in Section 2.7.

  • Estimated Closing Balance Sheet has the meaning set forth in Section 2.6(a).

  • SNB Adjustment Spread means, with respect to the SNB Policy Rate, the spread to be applied to the SNB Policy Rate in order to reduce or eliminate, to the extent reasonably practicable under the circumstances, any economic prejudice or benefit (as applicable) to Noteholders as a result of the replacement of the Swiss Average Rate Overnight with the SNB Policy Rate for purposes of determining SARON, which spread will be determined by the Calculation Agent, acting in good faith and a commercially reasonable manner, taking into account the historical median between the Swiss Average Rate Overnight and the SNB Policy Rate during the two year period ending on the date on which the SARON Index Cessation Event occurred (or, if more than one SARON Index Cessation Event has occurred, the date on which the first of such events occurred).

  • Class B Final Scheduled Payment Date means the Payment Date occurring in June 2021.