Examples of Purchase Price Adjustment Date in a sentence
In the event that the Purchase Price Adjustment Notice sets forth an increase in the Purchase Price, the Buyer shall pay such amount to the Seller within fifteen (15) days of the Purchase Price Adjustment Date.
Example 5: If the Estimated Accounts Receivable are $15,500,000 but the Current Accounts Receivable reflected in the Closing AR Schedule are $15,000,000, Purchaser would pay to PSA SUB $94,500,000 on the Closing Date and PSA SUB would refund to purchaser $500,000 on the Purchase Price Adjustment Date, reflecting a total Purchase Price of $94,000,000.
On the fifteenth Business Day following delivery of the Closing AR Schedule (the "Purchase Price Adjustment Date") Purchaser and PSA SUB shall recalculate the Purchase Price in accordance with Section 1.2(c) and effect the transfer of any funds as may be necessary to reflect adjustments to the Purchase Price resulting from any differences between the Estimated Accounts Receivable and the Current Accounts Receivable reflected in the Closing AR Schedule.
Within one (1) business day after the Final Purchase Price Adjustment Date, Purchaser and Sellers' Representative, on behalf of Sellers, shall deliver to the Escrow Agent irrevocable instructions to release funds from the Purchase Price Escrow and, if required pursuant to this Section 2.09(b)(v), the Indemnification Escrow to make the payments contemplated by this Section 2.09(b)(v).
Within five (5) business days after the Final Purchase Price Adjustment Date, Purchaser or Sellers, as applicable, shall pay to the other party or parties, as the case may be, by wire transfer in immediately available funds to an account designated in writing by the receiving party within four (4) business days of the Final Purchase Price Adjustment Date, any net amount payable to the receiving party pursuant to Section 2.09(b)(iv).