Purchase Price Reduction definition

Purchase Price Reduction has the meaning set forth in Section 2.3(a) hereof.

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Purchase Price Reduction has the meaning given to it in Section 6.9.

Purchase Price Reduction means the aggregate amount of deferred revenues of the Business as of the Closing Date minus the amount of prepaid rent of the Business as of the Closing Date, in each case as mutually agreed upon by the parties.

Examples of Purchase Price Reduction in a sentence

• If the net assets of InConcert as of the Closing Date shall not exceed the amount of liabilities reflected on the Balance Sheet by at least $600,000 (a "Shortfall"), the Purchase Price shall be reduced by the amount of such Shortfall (a "Purchase Price Reduction").

• In the event that the Escrow Fund is insufficient to cover the amount of the Preliminary Purchase Price Reduction, then the Escrow Agent shall distribute the entire Escrow Fund to the Purchaser as provided above and the Seller or Audiovox, on behalf of the Seller, shall pay, on or prior to the same date as the Escrow Agent distributes the Escrow Fund to the Purchaser, an amount to the Purchaser, by wire transfer in immediately available funds, equal to the amount of such deficiency.

• If, prior to the expiration of the Hold Back Period, the Purchaser has given notice of any Indemnification Claims and/or Purchase Price Reduction Claims, the Escrow Agent shall retain Principal in an amount equal to the aggregate of all such Indemnification Claims and Purchase Price Reduction Claims together with any interest or income thereon (collectively the "Retained Portion").

• Not less than three business days prior to the Initial Closing Date, Sellers shall deliver to Buyer a certificate prepared in good faith setting forth the amount, if any, of the Purchase Price Reduction, and shall provide Buyer with such information as Buyer may reasonably request to verify the amount of the Purchase Price Reduction.

• The amount due hereunder shall be paid within five (5) business days of the final determination of the Purchase Price Reduction Amount or Purchase Price Increase Amount, as the case may be, by wire transfer of immediately available funds.

More Definitions of Purchase Price Reduction

Purchase Price Reduction shall have the meaning specified in Section 2.4(c).

Purchase Price Reduction shall have the meaning specified in Article 3(k).

Purchase Price Reduction means $5,000,000.

Purchase Price Reduction shall have the meaning defined in art. 2.3.1 (i) of this Agreement.

Purchase Price Reduction is defined in Section 1.5(e).

Purchase Price Reduction. Section 2.3(b)

Purchase Price Reduction means, collectively or individually as the context may require, the Initial Purchase Price Reduction, the Second Purchase Price Reduction and the Third Purchase Price Reduction.