Positive Closing Date Adjustment Amount definition
Positive Closing Date Adjustment Amount shall have the meaning specified in Section 2.4(b) of this Agreement.
Positive Closing Date Adjustment Amount has the meaning set forth in Section 2(e)(vii).
Examples of Positive Closing Date Adjustment Amount in a sentence
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").
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.