A/R Payment. After the Closing, if the Net Working Capital Threshold and Minimum Cash have been reduced by the maximum permitted amount possible by reason of the payment by Seller or Color Edge Visual at the Closing of the Excluded Liabilities of the type set forth on Exhibit X, Purchaser and Related Purchaser shall pay to Seller and Color Edge Visual ( in accordance with Section 2.11) an aggregate payment equal to all proceeds received from the collection of Accounts Receivable purchased under this Agreement or the Related Purchase Agreement after the Closing, up to the lesser of (i) an amount equal to the Excluded Liabilities of the type set forth on Exhibit X at the Closing paid by Seller or Color Edge Visual at the Closing less $500,000 and (ii) $950,000 ( the “A/R Payment”). Payments hereunder of collections of Accounts Receivable shall be made on the third business day of each week for all collections received in the prior week.
A/R Payment. An amount equal to ninety percent (90%) of the sum of the accounts receivable balance on the Closing Date shall be payable by Buyer to Seller. Within one (1) Business Day following Closing, Buyer shall review the accounts receivable amounts listed in Section 3.4 of the Disclosure Letter to verify the accounts receivable amounts with the Business Product shipment records of Seller. In the case where the accounts receivable amounts cannot be verified, Buyer and Seller shall negotiate in good faith to resolve the discrepancy and determine the amount of the final A/R Payment. Within three (3) Business Days following Closing the A/R Payment shall be made by wire transfer to an account or accounts specified by Seller to Buyer in writing.