Common use of Post-Closing Reconciliation Clause in Contracts

Post-Closing Reconciliation. If any of the aforesaid prorations cannot be calculated accurately on the Closing Date, then they shall be calculated as soon after the Closing Date as feasible, but in any event, not later than thirty (30) days after the last of the calendar year in which the Closing shall occur and either Party owing the other Party a sum of money based on such subsequent proration(s) shall promptly pay said sum to the other Party. (e)

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Axon Enterprise, Inc.), 1 Purchase and Sale Agreement (Axon Enterprise, Inc.)

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Post-Closing Reconciliation. If any of the aforesaid prorations cannot be calculated accurately on the Closing Date, then they shall be calculated as soon after the Closing Date as feasible, but in any event, not later than thirty (30) days after the last of the calendar year in which the Closing shall occur and either Party . Either party owing the other Party party a sum of money based on such subsequent proration(s) shall promptly pay said such sum to the other Party. party, together with interest thereon at the rate of eight percent (e)8%) per annum from the Closing Date to the date of payment if payment is not made within ten (10) days after delivery of a xxxx therefor.

Appears in 1 contract

Samples: Purchase Agreement (Proxim Corp)

Post-Closing Reconciliation. If any of the aforesaid prorations cannot be calculated accurately on the Closing Date, then they shall be calculated as soon after the Closing Date as feasible, but in any event, not later than thirty (30) days after the last of the calendar year in which the Closing shall occur and either Party . Either party owing the other Party party a sum of money based on such subsequent proration(s) shall promptly pay said sum to the other Party. party, from the Closing Date to the date of payment if payment is not made within ten (e)10) days after delivery of a xxxx therefor.

Appears in 1 contract

Samples: Purchase Agreement (Equinix Inc)

Post-Closing Reconciliation. If any of the aforesaid prorations cannot be calculated accurately on the Closing Date, then they shall be calculated as soon after the Closing Date as feasible, but in any event, not later than thirty (30) days after the last of the calendar year in which the Closing shall occur and either . Either Party owing the other Party party a sum of money based on such subsequent proration(s) shall promptly pay said sum to the other Party. Party within ten (e)10) days after delivery of a xxxx therefor.

Appears in 1 contract

Samples: Agreement for Purchase and Sale

Post-Closing Reconciliation. If any of the aforesaid foregoing prorations cannot be calculated accurately on the Property Closing Date, then they shall be calculated as soon after the Property Closing Date as feasible, but in any event, not later than thirty (30) days after the last of the calendar year in which the Closing shall occur and either . A Party owing the other Party party a sum of money based on such subsequent proration(s) prorations shall promptly pay said such sum to the other Party. (e)Party within 10 days of receipt of invoice and proper documentation for such proration.

Appears in 1 contract

Samples: Agreement for Purchase and Sale

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Post-Closing Reconciliation. If Subject to the provisions of Subparagraph 7(f)(iii) above, if any of the aforesaid prorations cannot be calculated accurately on the Closing Date, then they shall be calculated as soon after the Closing Date as feasible, but in any event, not later than thirty (30) days after the last of the calendar year in which the Closing shall occur and either Party occur. Either party owing the other Party party a sum of money based on such subsequent proration(s) shall promptly pay said sum to the other Party. (e)party.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Orchard Supply Hardware Stores Corp)

Post-Closing Reconciliation. If any of the aforesaid prorations cannot be calculated accurately on the Closing Date, then they shall be calculated as soon after the Closing Date as feasible, but in any event, not later than thirty (30) days after the last of the calendar year in which the Closing shall occur and either Party . Either party owing the other Party party a sum of money based on such subsequent proration(s) shall promptly pay said sum to the other Party. party, together with interest thereon at the rate of eight percent (e)8%) per annum from the Closing Date to the date of payment if payment is not made within ten (10) days after delivery of a xxxx therefor.

Appears in 1 contract

Samples: Purchase Agreement (Aviza Technology, Inc.)

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