Positive Adjustment Amount definition

Positive Adjustment Amount has the meaning set forth in Section 3.3(d).

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Positive Adjustment Amount has the meaning set forth in Section 1.06(a).

Positive Adjustment Amount has the meaning set forth in Section 2.04(d)(ii).

Examples of Positive Adjustment Amount in a sentence

• In the event the Positive Adjustment Amount pursuant to Section 4.7, to the extent it is attributable to SEAS KG (which shall be shown in reasonable detail by Seller to Purchaser based on the Effective Date Accounts), exceeds the amount of the Seller Fund pursuant to Section 6.2, the difference amount payable by Purchaser to Seller pursuant to Section 4.7 shall reduce the amount of the undrawn Loan Commitment on a Euro-for-Euro basis.

• If the aggregate sum of the adjustments set forth in Section 2.5.1 of the Share Purchase Agreement results in a Positive Adjustment Amount, the Positive Adjustment Amount shall be paid to the Vendors directly by the Purchaser, without having recourse to the amounts held in the Escrow Holdback.

• The Accounting Firm will make a determination of the Actual Closing Working Capital and the Negative Adjustment Amount or Positive Adjustment Amount, as applicable.

• After payment of a Positive Adjustment Amount or a Negative Adjustment Amount pursuant to Section 1.2(b)(i) and, if at that time, all of Seller’s obligations under Section 4.12, if any, have been satisfied in full, all amounts remaining as part of the Adjustment Holdback Amount, if any, shall be released and transferred to the Seller.

• For overhead and profit, the Department shall pay to the Contractor an amount equal to twelve percent (12%) of the sum of the above costs for owned equipment.

More Definitions of Positive Adjustment Amount

Positive Adjustment Amount shall have the meaning ascribed in Section 2.6(d).

Positive Adjustment Amount has the meaning given in Section 2.3(B)(1).

Positive Adjustment Amount has the meaning given in paragraph 3.13.1 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:

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);

Positive Adjustment Amount is defined in Section 2.9.5(a).

Positive Adjustment Amount means the amount by which the Closing Working Capital exceeds the Working Capital Upper Target.

Positive Adjustment Amount has the meaning given in Clause 7.3.1;