Common use of Accounts Receivable Adjustment Clause in Contracts

Accounts Receivable Adjustment. If the Base Gross AR Amount is less than $6,615,800, then, subject to Section 1.5(e), the Purchase Price shall be decreased by, and Seller shall pay to Buyer, an amount equal to the discounted present value of the amount by which the Base Gross AR Amount is less than $6,964,000, using a discount rate of .065 and a discount period of three (3) years. If the Base Gross AR Amount is greater than $7,312,200, then, subject to Section 1.5(e), the Purchase Price shall be increased by, and Buyer shall pay to Seller, an amount equal to the discounted present value of the amount by which the Base Gross AR Amount is greater than $6,964,000, using a discount rate of .065 and a discount period of three (3) years. If the Base Gross AR Amount is greater than or equal to $6,615,800, but less than or equal to $7,312,200, then no adjustment shall be made to the Purchase Price, and no amount shall be due by any party hereto, under this Section 1.5(b).

Accounts Receivable Adjustment. If the Base Gross AR Amount is less than $6,615,8006,152,200, then, subject to Section 1.5(e1.6(e), the Purchase Price shall be decreased by, and Seller SCI shall pay to Buyer, an amount equal to the discounted present value of the amount by which the Base Gross AR Amount is less than $6,964,0006,476,000, using a discount rate of .065 and a discount period of three (3) years. If the Base Gross AR Amount is greater than $7,312,2006,799,800, then, subject to Section 1.5(e1.6(e), the Purchase Price shall be increased by, and Buyer shall pay to SellerSCI, an amount equal to the discounted present value of the amount by which the Base Gross AR Amount is greater than $6,964,0006,476,000, using a discount rate of .065 and a discount period of three (3) years. If the Base Gross AR Amount is greater than or equal to $6,615,8006,152,200, but less than or equal to $7,312,2006,799,800, then no adjustment shall be made to the Purchase Price, and no amount shall be due by any party hereto, under this Section 1.5(b1.6(b).

Accounts Receivable Adjustment. If the Base Gross AR Amount is less than $6,615,800676,900, then, subject to Section 1.5(e1.6(e), the Purchase Price shall be decreased by, and Seller shall pay to Buyer, an amount equal to the discounted present value of the amount by which the Base Gross AR Amount is less than $6,964,000712,527, using a discount rate of .065 and a discount period of three (3) years. If the Base Gross AR Amount is greater than $7,312,200748,150, then, subject to Section 1.5(e1.6(e), the Purchase Price shall be increased by, and Buyer shall pay to Seller, an amount equal to the discounted present value of the amount by which the Base Gross AR Amount is greater than $6,964,000712,527, using a discount rate of .065 and a discount period of three (3) years. If the Base Gross AR Amount is greater than or equal to $6,615,800676,900, but less than or equal to $7,312,200748,150, then no adjustment shall be made to the Purchase Price, and no amount shall be due by any party hereto, under this Section 1.5(b1.6(b).

Accounts Receivable Adjustment. If the Base Gross AR Amount is less than $6,615,800.2,871,094, then, subject to Section 1.5(e1.6(e), the Purchase Price shall be decreased by, and Seller shall pay to Buyer, an amount equal to the discounted present value of the amount by which the Base Gross AR Amount is less than $6,964,0003,022,204, using a discount rate of .065 and a discount period of three (3) years. If the Base Gross AR Amount is greater than $7,312,2003,173,314, then, subject to Section 1.5(e1.6(e), the Purchase Price shall be increased by, and Buyer shall pay to Seller, an amount equal to the discounted present value of the amount by which the Base Gross AR Amount is greater than $6,964,0003.022,204, using a discount rate of .065 and a discount period of three (3) years. If the Base Gross AR Amount is greater than or equal to $6,615,8002,871,094, but less than or equal to $7,312,2003,173,314, then no adjustment shall be made to the Purchase Price, and no amount shall be due by any party hereto, under this Section 1.5(b1.6(b).

Accounts Receivable Adjustment. If the Base Gross AR Amount is less than $6,615,8002,435,850, then, subject to Section 1.5(e1.6(e), the Purchase Price shall be decreased by, and Seller SCI shall pay to Buyer, an amount equal to the discounted present value of the amount by which the Base Gross AR Amount is less than $6,964,0002,564,051, using a discount rate of .065 and a discount period of three (3) years. If the Base Gross AR Amount is greater than $7,312,2002,692,250, then, subject to Section 1.5(e1.6(e), the Purchase Price shall be increased by, and Buyer shall pay to SellerSCI, an amount equal to the discounted present value of the amount by which the Base Gross AR Amount is greater than $6,964,0002,564,051, using a discount rate of .065 and a discount period of three (3) years. If the Base Gross AR Amount is greater than or equal to $6,615,8002,435,850, but less than or equal to $7,312,2002,692,250, then no adjustment shall be made to the Purchase Price, and no amount shall be due by any party hereto, under this Section 1.5(b1.6(b).

Accounts Receivable Adjustment. If the Base Gross AR Amount is less than $6,615,800712,900, then, subject to Section 1.5(e1.6(e), the Purchase Price shall be decreased by, and Seller shall pay to Buyer, an amount equal to the discounted present value of the amount by which the Base Gross AR Amount is less than $6,964,000750,417, using a discount rate of .065 and a discount period of three (3) years. If the Base Gross AR Amount is greater than $7,312,200787,900, then, subject to Section 1.5(e1.6(e), the Purchase Price shall be increased by, and Buyer shall pay to Seller, an amount equal to the discounted present value of the amount by which the Base Gross AR Amount is greater than $6,964,000750,417, using a discount rate of .065 and a discount period of three (3) years. If the Base Gross AR Amount is greater than or equal to $6,615,800712,900, but less than or equal to $7,312,200787,900, then no adjustment shall be made to the Purchase Price, and no amount shall be due by any party hereto, under this Section 1.5(b1.6(b).

Accounts Receivable Adjustment. If the Base Gross AR Amount is less than $6,615,800556,253, then, subject to Section 1.5(e), the Purchase Price shall be decreased by, and Seller shall pay to Buyer, an amount equal to the discounted present value of the amount by which the Base Gross AR Amount is less than $6,964,000585,530, using a discount rate of .065 and a discount period of three (3) years. If the Base Gross AR Amount is greater than $7,312,200614,806, then, subject to Section 1.5(e), the Purchase Price shall be increased by, and Buyer shall pay to Seller, an amount equal to the discounted present value of the amount by which the Base Gross AR Amount is greater than $6,964,000585,530, using a discount rate of .065 and a discount period of three (3) years. If the Base Gross AR Amount is greater than or equal to $6,615,800556,253, but less than or equal to $7,312,200614,806, then no adjustment shall be made to the Purchase Price, and no amount shall be due by any party hereto, under this Section 1.5(b).

Accounts Receivable Adjustment. If the Base Gross AR Amount is less than $6,615,8004,892,469, then, subject to Section 1.5(e), the Purchase Price shall be decreased by, and Seller shall pay to Buyer, an amount equal to the discounted present value of the amount by which the Base Gross AR Amount is less than $6,964,0005,149,968, using a discount rate of .065 and a discount period of three (3) years. If the Base Gross AR Amount is greater than $7,312,2005,407,466, then, subject to Section 1.5(e), the Purchase Price shall be increased by, and Buyer shall pay to Seller, an amount equal to the discounted present value of the amount by which the Base Gross AR Amount is greater than $6,964,0005,149,968, using a discount rate of .065 and a discount period of three (3) years. If the Base Gross AR Amount is greater than or equal to $6,615,8004,892,469, but less than or equal to $7,312,2005,407,466, then no adjustment shall be made to the Purchase Price, and no amount shall be due by any party hereto, under this Section 1.5(b).