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 shall (A) be due (I) within five (5) Business Days of acceptance of the applicable Closing Working Capital Statement or (II) if there are Disputed Amounts, then within five (5) Business Days of the resolution described in Section 2.3(c)(v); and (B) be paid by wire transfer of immediately available funds to such account as is directed by Buyer or Sellers’ Representative, as the case may be. The amount of any Post Closing Adjustment shall bear interest from and including the Closing Date (but excluding the date of payment) at a rate per annum equal to six percent (6%). Such interest shall be calculated daily on the basis of a 365 day year and the actual number of days elapsed, without compounding.

Payments of Post-Closing Adjustment. Except as otherwise provided herein, any payment of the Post-Closing Adjustment Adjustment, together with interest calculated as set forth below, shall (A) be due (Ix) within five (5) Business Days of acceptance of the applicable Closing Working Capital Statement or (IIy) if there are Disputed Amounts, then within five (5) Business Days of the resolution described in Section 2.3(c)(v)clause (v) above; and (B) be paid by wire transfer of immediately available funds to such account as is directed by Buyer or Sellers’ RepresentativeSeller, as the case may be. The amount of any Post Post-Closing Adjustment shall bear interest from and including the Closing Date (but excluding to the date of payment) payment at a rate per annum equal to six percent (6%). Such interest shall be calculated daily on the basis of a 365 three hundred sixty-five (365) day year and the actual number of days elapsed, without compounding.

Payments of Post-Closing Adjustment. Except as otherwise provided herein, any payment of the Post-Closing Adjustment Adjustment, together with interest calculated as set forth below, shall (A) be due (Ix) within five (5) Business Days of acceptance of the applicable Closing Working Capital Statement or (IIy) if there are Disputed Amounts, then within five (5) Business Days of the resolution described in Section 2.3(c)(v)clause (v) above; and (B) be paid by wire transfer of immediately available funds to such account as is directed by Buyer Affiliated or Sellers’ RepresentativeParent, as the case may be. The amount of any Post Post-Closing Adjustment shall bear interest from and including the Closing Date (but excluding to the date of payment) payment at a rate per annum equal to six percent (6%)percent. Such interest shall be calculated daily based on the basis of a 365 365-day year and the actual number of days elapsed, without compounding.