Common use of Computation of Adjustment Clause in Contracts

Computation of Adjustment. If the Closing Date Balance Sheet reflects Net Equity that is less than $388,119.00 then the Transaction Consideration shall be reduced dollar for dollar (a "Transaction Consideration Adjustment") by the amount by which such actual agreed upon Net Equity set forth in the Closing Date Balance Sheet is less than $388,119.00.

Appears in 1 contract

Sources: Merger Agreement (1 800 Autotow Inc)

Computation of Adjustment. If the Closing Date Balance Sheet reflects Net Equity that is less than $388,119.00 78,508.00 then the Transaction Consideration shall be reduced dollar for dollar (a "Transaction Consideration Adjustment") by the amount by which such actual agreed upon Net Equity set forth in the Closing Date Balance Sheet is less than $388,119.0078,508.00.

Appears in 1 contract

Sources: Merger Agreement (1 800 Autotow Inc)