Balance Adjustment Clause Samples
The Balance Adjustment clause allows for the modification of payment amounts or outstanding balances between parties under certain conditions. Typically, this clause outlines the circumstances under which adjustments can be made, such as changes in scope, errors in invoicing, or unforeseen costs, and specifies the process for calculating and implementing these changes. Its core practical function is to ensure that financial settlements remain fair and accurate throughout the course of an agreement, addressing discrepancies and preventing disputes over payment amounts.
Balance Adjustment. In the event Borrower fails to achieve Revenue Milestone 2 (as defined in the Purchase Agreement), then on the Purchase Price Date the Outstanding Balance will automatically be increased by $512,500.00.
Balance Adjustment. The Parties agree that instead of adjusting the Purchase Price for the Swap Balance on Closing, such adjustment will be included as a Purchase Price Adjustment after Closing together with the adjustment for working capital (including the inter-company balance) pursuant to Clause 5.4 of the Share Purchase Agreement. In order for the Share Purchase Agreement to reflect this, the Parties agree that Clause 4 (Purchase Price) of the Share Purchase Agreement shall be amended to read as follows: “The Seller agrees to sell and transfer to the Buyer, and the Buyer agrees to purchase from the Seller for USD 103,000,000, less USD 66,269,555 of outstanding debt obligations of the Company under the ▇▇▇ ▇▇▇▇▇ Facility, less the Facility B Prepayment Amount, and as adjusted for the Swap Balance (the “Purchase Price”), plus the Purchase Price Adjustments, all in accordance with and subject to the terms and conditions set forth in this Agreement, the Shares.
Balance Adjustment. Any adjustments by Reinsuring Company necessary to maintain the Account at the required reserves shall be made by Reinsuring Company within ten (10) days following receipt by Reinsuring Company of Coding Company's statement indicating the necessary amount of said reserves.
Balance Adjustment. ● The High-Roller’s negative balance will decrease as they generate positive Net Revenue in future months. ● The negative balance will not increase due to further losses, unless the High-Roller meets the €5,000 threshold again in a subsequent month.