Common use of Payment of Post-Closing Adjustment Clause in Contracts

Payment of Post-Closing Adjustment. (i) If the Post-Closing Adjustment is a negative number, Stockholder Representative and Parent shall, within three (3) Business Days after the final determination of the Post-Closing Adjustment, jointly instruct the Escrow Agent to disburse from the Indemnification Escrow Fund by wire transfer of immediately available funds to Parent an amount equal to the Post-Closing Adjustment.

Appears in 1 contract

Samples: Stock Purchase Agreement (Brady Corp)

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Payment of Post-Closing Adjustment. (i) If the Post-Closing Adjustment is a negative number, the Stockholder Representative and Parent shall, within three (3) Business Days after the final determination of the Post-Closing Adjustment, jointly instruct the Escrow Agent to disburse from the Indemnification Escrow Fund pay by wire transfer of immediately available funds to Parent an amount equal to Parent, the Post-Closing Adjustment.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Fusion Telecommunications International Inc)

Payment of Post-Closing Adjustment. (i) If the Post-Closing Adjustment is a negative number, the Stockholder Representative and Parent shall, within three (3) Business Days after the final determination of the Post-Closing Adjustment, jointly instruct the Escrow Agent to disburse from the Indemnification Escrow Fund by wire transfer of immediately available funds to Parent an Parent, the positive amount equal to of the Post-Closing Adjustment.

Appears in 1 contract

Samples: Escrow Agreement (Merit Medical Systems Inc)

Payment of Post-Closing Adjustment. (i) If the Post-Closing Adjustment is a negative number, Stockholder Representative and Parent shall, within three two (32) Business Days after the final determination of the Post-Closing Adjustment, jointly instruct the Escrow Agent to disburse to Parent from the Indemnification Escrow Fund by wire transfer of immediately available funds to Parent an amount equal to Fund, the Post-Closing AdjustmentAdjustment (in shares of Parent Common Stock as determined pursuant to Section 2.17(d)(ii)).

Appears in 1 contract

Samples: Agreement and Plan of Merger (Item 9 Labs Corp.)

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Payment of Post-Closing Adjustment. (i) If the Post-Closing Adjustment is a negative numbernumber less than the Threshold Adjustment Amount, the Stockholder Representative and Parent shall, within three ten (310) Business Days after the final determination of the Post-Closing Adjustment, jointly instruct the Escrow Agent to disburse from the Indemnification Escrow Fund by wire transfer of immediately available funds to Parent an amount equal to Parent, the Post-Closing AdjustmentAdjustment payable in cash.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Alliqua BioMedical, Inc.)

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