Common use of Increase or reduction Clause in Contracts

Increase or reduction. When the Completion Accounts have become final and binding, the Initial Consideration shall forthwith: (A) be increased by the amount (if any) by which the Net Current Assets of the Company and the Subsidiaries as at the date of Completion as shown by the Completion Accounts are greater than £6,784,000; or (B) be reduced by the amount (if any) by which the Net Current Assets of the Company and the Subsidiaries as at the date of Completion as shown by the Completion Accounts are less than £6,784,000.