Examples of Purchase Price Adjustment Fund in a sentence
The Closing Date Obligations Fund and the Purchase Price Adjustment Fund shall be invested, maintained and disbursed in accordance with the terms and conditions of the Escrow Agreement.
Five million dollars ($5,000,000) of the Escrow Deposit (the “Purchase Price Adjustment Fund”) shall be designated for use exclusively to pay any amount owed to Purchasers pursuant to Section 1.3(g) and any amount remaining in the Purchase Price Adjustment Fund after determining the Final Equity Consideration, and payment of all amounts owed to Purchasers pursuant to Section 1.3(g) shall be refunded to the Partners’ Representatives pursuant to the terms of the Escrow agreement.
The Purchase Price Adjustment Fund shall terminate on the Business Day after the date on which a payment is made by the Escrow and Exchange Agent to either the Purchaser or the Securityholders, as appropriate, in accordance with and pursuant to Section 2.7(f) hereof (such period, the “Purchase Price Adjustment Fund Period”).
The Selling Stockholders shall make any payments necessary, as among themselves, so that the allocation of Purchase Price Adjustment Fund payments properly reflects their agreed upon allocation of liability for such payments.
If the Final Closing Working Capital as finally determined pursuant to this Section 2.7 is greater than the Estimated Closing Working Capital, then the Purchaser shall deposit the excess amount multiplied by $0.5967 into the Purchase Price Adjustment Fund for immediate distribution to the Securityholders in the proportions set forth in the Final Merger Consideration Allocation Schedule and in accordance with the Escrow Agreement.
Adjustment to the carrying value of Clean Earth’s property, plant and equipment from its recorded net book value to its preliminary estimated fair value.
The Selling Stockholders authorize the Representative to determine the amount of each Selling Stockholder's contribution to the Purchase Price Adjustment Fund, and to set the contribution using cash, DownREIT Units or a combination thereof.
For the avoidance of doubt, under no circumstances shall the Purchase Price Adjustment Fund be commingled with, or comprise part of, the Escrow Fund.
Upon the expiration of the Purchase Price Adjustment Fund Period, the remaining amount of cash, if any, in the Purchase Price Adjustment Fund shall be distributed to the Securityholders in accordance with this Agreement and the Escrow Agreement.
In the event a Purchaser Claim Notice or a Representative Claim Notice is subject to a Representative Objection Notice or a Purchaser Objection Notice, respectively, the Escrow Agent shall distribute the Purchase Price Adjustment Fund in accordance with joint written instructions of the Purchasers and the Representatives or pursuant to a final and non-appealable determination of a court of competent jurisdiction.