Common use of Payments of Post-Closing Adjustment Clause in Contracts

Payments of Post-Closing Adjustment. Except as otherwise provided herein, any payment of the Post-Closing Adjustment, together with interest calculated as set forth below, shall (A) be due (x) within five Business Days of acceptance of the applicable Closing Adjusted Working Capital Statement or (y) if there are Disputed Amounts, then within five Business Days of the resolution described in clause (v) above; and (B) be paid by wire transfer of immediately available funds to such account as is directed by Buyer or Seller, as the case may be. The amount of any Post-Closing Adjustment shall bear interest from and including the Closing Date to but excluding the date of payment at a rate per annum equal to 3.00%. Such interest shall be calculated daily on the basis of a 365 day year and the actual number of days elapsed, compounding annually.

Appears in 1 contract

Samples: Asset Purchase Agreement (Lancaster Colony Corp)

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Payments of Post-Closing Adjustment. Except as otherwise provided herein, any payment of the Post-Closing Adjustment, together with interest calculated as set forth below, shall (A) be due (x) within five (5) Business Days of acceptance of the applicable Closing Adjusted Working Capital Statement or (y) if there are Disputed Amounts, then within five (5) Business Days of the resolution described in clause (v) above; and (B) be paid by wire transfer of immediately available funds to such account as is directed by Buyer or Seller, as the case may be. The amount of any Post-Closing Adjustment shall bear interest from and including the Closing Date to but excluding the date of payment at a rate per annum equal to 3.000.43%. Such interest shall be calculated daily on the basis of a 365 365-day year and the actual number of days elapsed, compounding annuallywithout compounding.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Cross Country Healthcare Inc)

Payments of Post-Closing Adjustment. Except as otherwise provided herein, any payment of the Post-Closing Adjustment, together with interest calculated as set forth below, shall (A) be due (x) within five (5) Business Days of acceptance of the applicable Closing Adjusted Working Capital Statement or (y) if there are Disputed Amounts, then within five (5) Business Days of the resolution described in clause (v) above; and (B) be paid by wire transfer of immediately available funds to such account as is directed by Buyer or Seller, as the case may be. The amount of any Post-Closing Adjustment shall bear interest from and including the Closing Date to but excluding and including the date of payment at a rate per annum equal to 3.00six percent (6%). Such interest shall be calculated daily on the basis of a 365 day year and the actual number of days elapsed, compounding annuallywithout compounding.

Appears in 1 contract

Samples: Stock Purchase Agreement (Nuverra Environmental Solutions, Inc.)

Payments of Post-Closing Adjustment. Except as otherwise provided herein, any payment of the Post-Closing Adjustment, together with interest calculated as set forth below, shall (A) be due (x) within five Business Days of acceptance of the applicable Closing Adjusted Working Capital Statement or (y) if there are Disputed Amounts, then within five Business Days of the resolution described in clause (v) above; and (B) be paid by wire transfer of immediately available funds to such account as is directed by Buyer or Seller, as the case may be. The amount of any Post-Closing Adjustment shall bear interest from and including the Closing Date to but excluding the date of payment at a rate per annum equal to 3.00%. Such interest shall be calculated daily on the basis of a 365 day year and the actual number of days elapsed, compounding annually.. 21 (d)

Appears in 1 contract

Samples: Asset Purchase Agreement

Payments of Post-Closing Adjustment. Except as otherwise provided herein, any payment of the Post-Closing Adjustment, together with interest calculated as set forth below, shall (A) be due (x) within five Business Days of acceptance of the applicable Closing Adjusted Working Capital Statement Statement, or (y) if there are Disputed Amounts, then within five Business Days of the resolution described in clause (v) aboveSection 2.04(b)(v); and (B) be paid by wire transfer of immediately available funds to such account as is directed by Buyer Purchaser or SellerVendor, as the case may be. The amount of any Post-Closing Adjustment shall bear interest from and including the Closing Date to but excluding the date of payment at a rate per annum equal to 3.005%. Such interest shall be calculated daily on the basis of a 365 or 366 day year and the actual number of days elapsed, compounding annuallywithout compounding.

Appears in 1 contract

Samples: Share Purchase Agreement (Vision Marine Technologies Inc.)

Payments of Post-Closing Adjustment. Except as otherwise provided herein, any payment of the Post-Closing Adjustment, together with interest calculated as set forth below, shall (A) be due (x) within five (5) Business Days of acceptance of the applicable Closing Adjusted Working Capital Statement or (y) if there are Disputed Amounts, then within five (5) Business Days of the resolution described in clause (v) above; and (B) be paid by wire transfer of immediately available funds to such account as is directed by Buyer or SellerSellers Representative, as the case may be. The amount of any Post-Closing Adjustment shall bear interest from and including the Closing Date to but excluding the date of payment at a rate per annum equal to 3.00ten percent (10%). Such interest shall be calculated daily on the basis of a 365 365-day year and the actual number of days elapsed, compounding annuallywithout compounding.

Appears in 1 contract

Samples: Asset Purchase Agreement (Continental Materials Corp)

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Payments of Post-Closing Adjustment. Except as otherwise provided herein, any payment of the Post-Closing Adjustment, together with interest calculated as set forth below, shall (A) be due (x) within five Business Days 30 days of acceptance of the applicable Closing Adjusted Working Capital Statement or (y) if there are Disputed Amounts, then within five Business Days 30 days of the resolution described in clause (v) above; and (B) be paid by wire transfer of immediately available funds to such account as is directed by Buyer or Seller, as the case may be. The amount of any Post-Closing Adjustment shall bear interest from and including the Closing Date to but excluding and including the date of payment at a rate per annum equal to 3.0010%. Such interest shall be calculated daily on the basis of a 365 day year and the actual number of days elapsed, compounding annuallywithout compounding.

Appears in 1 contract

Samples: Asset Purchase Agreement (Comstock Holding Companies, Inc.)

Payments of Post-Closing Adjustment. Except as otherwise provided herein, any payment of the Post-Closing Adjustment, together with interest calculated as set forth below, shall (A) be due (x) within five (5) Business Days of acceptance of the applicable Closing Adjusted Working Capital Statement or (y) if there are Disputed Amounts, then within five (5) Business Days of the resolution described in clause (v) above; and (B) be paid by wire transfer of immediately available funds to such account as is directed by Buyer or Seller, as the case may be. The amount of any Post-Closing Adjustment shall bear interest from and including the Closing Date to but excluding the date of payment at a rate of three percent (3%) per annum equal to 3.00%annum. Such interest shall be calculated daily on the basis of a 365 day year and the actual number of days elapsed, compounding annually.

Appears in 1 contract

Samples: Asset Purchase Agreement (B&G Foods, Inc.)

Payments of Post-Closing Adjustment. Except as otherwise provided herein, any payment of the Post-Closing Adjustment, together with interest calculated as set forth below, shall (A) be due (x) within five Business Days of acceptance of the applicable Estimated Closing Adjusted Working Capital Statement or (y) if there are Disputed Amounts, then within five Business Days of the resolution described in clause (v) above; and (B) be paid by wire transfer of immediately available funds to such account as is directed by Buyer or SellerSelling Stockholder, as the case may be. The amount of any Post-Closing Adjustment shall bear interest from and including the Closing Date to but excluding the date of payment at a rate per annum equal to 3.0018%. Such interest shall be calculated daily on the basis of a 365 day year and the actual number of days elapsed, compounding annuallywithout compounding.

Appears in 1 contract

Samples: Stock Purchase Agreement (Pan Global, Corp.)

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