Definition of Acclaim Agreement Receivable


Acclaim Agreement Receivable means the amount of receivable pursuant to the Acclaim Agreement (estimated to be $2,423,093).

Examples of Acclaim Agreement Receivable in a sentence

The Vendor shall pay to the Purchaser at Closing cash in the amount equal to: (i) the amount of the BC Joint Venture Payables outstanding at Closing, less; (ii) the amount of the Acclaim Agreement Receivable outstanding at Closing, less; (iii) the amount of the Mineral Tax Appeals Receivable outstanding at Closing; and if the aforementioned determined amount is negative, the Purchaser shall pay such amount to the Vendor.
Notwithstanding the foregoing, no adjustments will be made to the calculations of the Trade Payable Related to BC Disputed Items, the Acclaim Agreement Receivable or the Mineral Tax Appeals Receivable based on any increases or decreases to such amounts which arise for any reason following the Closing Date.