Positive Amount. In the event that after the final adjustments are made in accordance with this Section 7.1(c), (A) the amount paid by Seller pursuant to Section 7.1(b)(ii) above exceeds the actual net obligation of Seller (including because there is an actual net credit owed to Seller) had the final adjustments been known prior to Closing or (B) the amount paid to Seller pursuant to Section 7.1(b)(i) above is less than the actual net credit to Seller had the final adjustments been known prior to Closing (such excess or deficit amount, as applicable, being hereinafter referred to as a “Positive Amount”), then Primary Purchaser promptly shall pay such Positive Amount to Seller, which shall be treated as an adjustment to the Purchase Price.
Appears in 2 contracts
Sources: Purchase and Sale Agreement (Washington Prime Group Inc.), Purchase, Sale and Escrow Agreement (Washington Prime Group Inc.)