Initial Amount Adjustment Payment Date Clause Samples

Initial Amount Adjustment Payment Date. (i) If the Initial Amount Adjustment results in a negative number (i.e. for the Buyer's benefit) that is less than the Minimum Amount of the Initial Amount Adjustment (i.e. if the amount due to Purchaser is higher than [*****], the total amount of the Negative Initial Amount Adjustment will be paid by the Sellers to Buyer, proportionately to their respective holdings (without joint and several liability) in relation to all Corporate Shares. Payment must take place within 15 (fifteen) days thereafter, the first to occur between: (a) receipt of the last Notice of Acceptance of the Initial Amount sent by the Parties; (b) the implementation of the Amicable Agreement - Initial Amount as set out in Clause 6.4; (c) the completion of Initial Amount Opinion, as per Clause 6.5; or (d) the course of mentioned in clause 4.5.2 above has been provided without any manifestation by the Parties (Date of Payment of Initial Amount Adjustment), by means of electronic transfers of immediately available funds– TED to Buyer's bank account to be appointed by the latter with reasonable advance. (ii) If the Initial Amount Adjustment results in a positive number (i.e. for the benefit of Sellers) that is greater than the Minimum Amount of Initial Amount Adjustment (i.e. if the amount due to Sellers is higher than [*****], the total amount of positive Initial Amount Adjustment will be paid to Sellers Initial Amount in a single installment, on the Payment Date of Initial Amount Adjustment, through electronic transfers of immediately available funds – TED to Initial Amount Sellers’ Bank Account mentioned in Exhibit 3.4, or for other bank accounts that may be informed by the latter with reasonable advance notice, subject to the proportion described in item (ii) of Exhibit 2.2.1(i).