Examples of Net Closing Consideration in a sentence
For the sake of clarity, if the Aggregate Net Adjustment Amount is a negative number, then such negative number shall be added to (and not subtracted from) the Aggregate Gross Closing Consideration for purposes of calculating the Adjusted Net Closing Consideration.
Acquirer will withhold the Escrow Amount from the Adjusted Net Closing Consideration by withholding therefrom (in the manner and proportions contemplated by Section 1.8(a)) the Escrow Amount and depositing it with the Escrow Agent appointed pursuant to the Escrow Agreement (“ Escrow Agent”) to be held and administered per this Agreement and the Escrow Agreement.
Notwithstanding anything to the contrary contained in this Agreement, in no event shall the aggregate consideration distributable by Acquirer to the Company Securityholders: (i) at Closing exceed the Adjusted Net Closing Consideration; and (ii) at any time exceed the sum of (A) the Adjusted Net Closing Consideration and (B) the total Earnout Payments payable pursuant to Section 5.19.
The Net Closing Consideration will be allocated in accordance with an agreement between Buyer and Seller after the Closing Date.
For purposes of determining the Adjusted Net Closing Consideration, there shall be an adjustment made for the Company’s net working capital and net cash at Closing in an amount as calculated in accordance with this Section 1.16 (the “Aggregate Net Adjustment Amount”).