Positive Closing Date Adjustment Amount definition

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

  • In such event, the Positive Closing Date Adjustment Amount will be paid by Purchaser to Seller 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 Seller 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 greater than $3,250,617, then the Purchase Price will be increased accordingly on a dollar-for-dollar basis of the amount of such excess (the "Positive Closing Date Adjustment Amount").

Related to Positive 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).

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

  • 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.

  • 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;

  • 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.

  • 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.

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

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

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

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

  • Closing Payment Amount has the meaning specified in Section 1.5.

  • 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.

  • Closing Adjustment has the meaning set forth in Section 2.04(a)(ii).

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

  • 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.

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

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

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

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

  • New Funds Amount means the amount equal to the product of a Lender’s increased Commitment or a CI Lender’s Commitment (as applicable) represented as a percentage of the aggregate Commitments after giving effect to any Commitment Increase, times the aggregate principal amount of the outstanding Loans immediately prior to giving effect to such Commitment Increase, if any, as of any Commitment Increase Effective Date (without regard to any increase in the aggregate principal amount of Loans as a result of borrowings made after giving effect to such Commitment Increase on such Commitment Increase Effective Date); (ii) “Reducing Percentage Lender” means each then existing Lender immediately prior to giving effect to any Commitment Increase that does not increase its respective Commitment as a result of such Commitment Increase and whose relative percentage of the Commitments shall be reduced after giving effect to such Commitment Increase; and (iii) “Reduction Amount” means the amount by which a Reducing Percentage Lender’s outstanding Loans decrease as of any Commitment Increase Effective Date (without regard to the effect of any borrowings made on such Commitment Increase Effective Date after giving effect to the Commitment Increase occurring on such Commitment Increase Effective Date).

  • Maximum Settlement Amount means the maximum amount the Company may be required to pay pursuant to this Settlement, which is the sum of Three Hundred Thousand Dollars ($300,000), excluding any of the Company’s employer-side share of FICA, FUTA, and other similar, mandatory employer-side payroll taxes. In no event shall the Maximum Settlement Amount exceed the foregoing sum.

  • Estimated Closing Working Capital has the meaning set forth in Section 2.04(a)(ii).

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

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