Purchase Price Increase Sample Clauses
A Purchase Price Increase clause sets out the conditions under which the agreed purchase price for goods or services may be raised after the contract is signed. Typically, this clause details specific triggers for a price adjustment, such as increases in raw material costs, changes in taxes, or other unforeseen expenses, and may outline the process for notifying the buyer and calculating the new price. Its core function is to allocate the risk of cost fluctuations between the parties, ensuring that the seller is protected from unexpected increases in costs while providing transparency and predictability for both sides.
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Purchase Price Increase. Except as otherwise provided in this Agreement, the Initial Purchase Price shall be increased by the Delay Amount upon the occurrence of any of the following events:
(i) one hundred thirty five (135) days following public notice by the FCC that applications for FCC Consent have been accepted for filing (the "Stations Delay Amount Date") if Closing has not occurred with respect to all Stations other than the Kansas City Stations due to the failure to receive any necessary regulatory consent, including, but not limited to, the FCC Consent, any Radio Group FCC Consent, or expiration or termination under ▇▇▇▇-▇▇▇▇▇-▇▇▇▇▇▇, as a result of facts relating to Buyer or its Affiliates, including, without limitation, such facts as are disclosed on Schedule 4.6 hereto, provided, that such Delay Amount shall be applied to the Initial Purchase Price only for those Stations for which a Closing has not occurred prior to the Stations Delay Amount Date, as allocated on Schedule 6.8 (the "Stations Delay Amount"); and
(ii) [RESERVED]
(iii) each thirty (30) day period subsequent to the occurrence of the Stations Delay Amount Date as to the Station Delay Amount until the later to occur of (x) the Closing, or (y) termination of this Agreement in accordance with its terms. The Purchase Price and any increase due pursuant to this Section 2.3(a) shall be paid at Closing or pro rata (based on the allocation of the Initial Purchase Price among the Radio Groups) at a Radio Group Closing.
Purchase Price Increase. Seller shall use commercially reasonable efforts to negotiate an extension of the Airport Leases with the Authority prior to the expiration of the Inspection Period, such extension to be effective no earlier than the Closing Date and conditioned on Closing. If successful, and subject to Section 1.1(c), and provided that Purchaser has approved in writing the terms and conditions of such lease extension(s), the Initial Purchase Price shall be adjusted as follows (each a “Purchase Price Increase”):
Purchase Price Increase. Section 7(b) of the Agreement is hereby amended in its entirety to read as follows:
(b) The Purchase Price for each one one-hundreth of a share of Preferred Stock issued pursuant to the exercise of a Right shall initially be $725.00, shall be subject to adjustment from time to time as provided in Sections 11 and 13 hereof and shall be payable in lawful money of the United States of America in accordance with paragraph (c) below."
Purchase Price Increase. 11 Prorations.............................................................................................11
Purchase Price Increase. The amount of the Senior Debt (excluding the DIP Obligations) is not more than $10,500,000.
Purchase Price Increase. Except as otherwise provided in this Agreement, the Initial Purchase Price shall be increased by the Delay Amount upon the occurrence of any of the following events:
(i) Reserved; and
(ii) one hundred fifty (150) days following public notice by the FCC that applications for FCC Consent have been accepted for filing (the "Stations Delay Amount Date") if Closing has not occurred with respect to the Stations due to the failure to receive any necessary consent, including, but not limited to, the FCC Consent, or expiration or termination under Hart-▇▇▇▇▇-▇▇▇▇▇▇ ▇▇ a result of facts relating to Buyer or its Affiliates, including without limitation such facts as are disclosed on Schedule 4.6; and
(iii) each thirty (30) day period subsequent to the occurrence of the Stations Delay Amount Date until the later to occur of (x) the Closing, or (y) termination of this Agreement in accordance with its terms. The Purchase Price and any increase due pursuant to this Section 2.3(a) shall be paid at Closing.
Purchase Price Increase. During the Extended Term, the ----------------------- Purchase Price shall continue to increase by .75% each month.
Purchase Price Increase. If the Closing Date Net Tangible Assets ----------------------- are more than $7,900,000, Buyer shall pay, no later than ten (10) Business Days after delivery of the Post-Closing Determination pursuant to Section 2(f)(ii) above, to Seller the amount equal to one dollar for each one dollar that such Closing Date Net Tangible Assets are greater than $7,900,000 (the "NTA Excess"); provided, however, that no adjustment shall be made for any NTA -------- ------- Excess greater than $1,900,000. Any such payment shall be made by delivery of that number of shares of Common Stock equal to the quotient of the NTA Excess and the Signing Stock Price.
Purchase Price Increase. An increase in the Purchase Price for the Participation Interests based upon Guarantor allocating additional Underlying Assets to the Participation Interests to which such portion of the Purchase Price is allocated, as requested by Seller pursuant to the terms hereof. The allocation of Underlying Assets to the Participation Interests and corresponding increase in value of the Participation Interests shall be used to determine a Purchase Price Increase with respect to such Participation Interests pursuant to the definition of Purchase Price, and such Purchase Price Increase shall be added to the Purchase Price with respect to Participation Interests for purposes of determining the outstanding Purchase Price hereunder.
Purchase Price Increase. Effective at 3:01 p.m. (Central Time) on the Extended Closing Deadline, the Purchase Price shall automatically and without any further notice or action be increased to EIGHT MILLION TWO HUNDRED FORTY THOUSAND DOLLARS ($8,240,000).