Post-Closing Proration of April Accounts Receivable. Buyer and Seller acknowledge and agree that Seller has sent all April bills to its subscribers. Upon receipt of payments from subscribers for the month of April, Seller shall promptly pay to Buyer Seller's prorata share of the cumulative Daily Adjusted Profit Margin of $1,376.60 ("Prorata Share") attributable to the Property, for each day of the month of April following Closing. The Prorata Share shall be based on the Adjusted Profit Margin calculations attached as Schedule 5.7 hereof.
Appears in 6 contracts
Samples: Asset Purchase Agreement (Aims Worldwide Inc), Asset Purchase Agreement (Aims Worldwide Inc), Asset Purchase Agreement (Aims Worldwide Inc)
