Decrease. A decrease equal to the amount, if any, by which the Net Asset Value as reflected on the Estimated Closing Statement is less than the Agreed Base Equity. Buyer shall pay, or shall cause the Purchasers to pay, the Purchase Price payable pursuant to this Section 2.1 on the Closing Date by one or more wire transfers of immediately available funds to an account the Parent has designated, at least (2) business days prior to the Closing Date, in writing to Buyer.
Appears in 2 contracts
Sources: Purchase Agreement (Pentair Inc), Purchase Agreement (Black & Decker Corp)