Adjusted Payment Amount definition

Adjusted Payment Amount means (x) the aggregate balance (including Accrued Interest) of the Deposits assumed by Purchaser pursuant to Section 2.2, minus (y) the Purchase Price, each as set forth on the Final Closing Statement.

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Adjusted Payment Amount shall have the meaning specified in Section 3.3(a).

Adjusted Payment Amount means, for each Adjusted Principal Period, the product of (i) the sum of all principal payments made during such Adjusted Principal Period (excluding any Prepaid Amount) and (ii) the Adjustment Multiplier for such Adjusted Principal Period.

Examples of Adjusted Payment Amount in a sentence

If, within ninety (90) calendar days after the final determination of the Adjusted Payment Amount in accordance with the procedures set forth in Section 3.3, Purchaser and Seller fail to agree on such allocation, any disputed aspects of such allocation shall be resolved by a nationally recognized independent accounting firm mutually acceptable to Purchaser and Seller.
The Final Closing Statement shall also set forth the amount (the "Adjusted Payment Amount") by which the aggregate amount of Deposits (including Accrued Interest) shown on the Final Closing Statement differs from the Estimated Purchase Price.
The Final Closing Statement shall also set forth the Adjusted Payment Amount.
In the event Purchaser disagrees with or disputes the calculation of the Adjusted Payment Amount, it shall notify Seller in writing not later than five (5) Business Days after receipt of the statement.
The Final Closing Statement shall also set forth the amount (the "Adjusted Payment Amount") by which the aggregate amount of Deposits (including Accrued Interest) and Accrued Liabilities shown on the Final Closing Statement differs from the Estimated Purchase Price.

More Definitions of Adjusted Payment Amount

Adjusted Payment Amount. $_________ Reason: [______] Review Coordinator initial if honorarium has been modified as specified.

Adjusted Payment Amount shall have the meaning specified in Section ----------------------- 3.4

Adjusted Payment Amount means the amount by which the aggregate balance (including Accrued Interest) of the Deposit Liabilities transferred to Purchaser as of the close of business on the Closing Date exceeds the Asset Price as of the close of business on the Closing Date.

Adjusted Payment Amount means (x) the aggregate balance (including Accrued Interest) of the Deposits minus (y) the Purchase Price (as it may be adjusted pursuant to Section 3.4 and as otherwise provided herein), each as set forth on the Final Closing Statement. For avoidance of doubt, the Adjusted Payment Amount may be a negative amount.

Adjusted Payment Amount means an amount calculated in the same manner as the Payment Amount, except that such amount shall be calculated to take into account (w) transactions occurring between the Valuation Date and the Transfer Date, (x) any transactions that were unposted or unaccounted for as of the Transfer Date, including without limitation payments, credits, unallocated items, errors and other similar items relating to periods ending on or prior to the Transfer Date but posted to the Accounts after the Transfer Date, (y) the resolution on or after the Transfer Date of Cardholder Disputes, provided, however, that nothing herein shall limit Seller’s ability to pursue its chargeback rights against the Company as set forth in the Existing Merchant Services Agreement related to disputes (other than credit disputes) pending on the Transfer Date, and (z) information which became known to the parties which would (i) cause an Account to be classified as of the Transfer Date as an Ineligible Account or (ii) cause any portion of an Account Balance to be classified as Ineligible Account Dollars as of the Adjustment Date due to matters arising on or before the Transfer Date. It is understood that the Transfer Date will occur in the middle of a Cycle for most Accounts. In order to determine the Adjusted Payment Amount as contemplated by this definition, Purchaser and Seller will, prior to the Adjustment Date, cooperate and in good faith mutually determine whether the circumstances giving rise to such adjustment (each, an “Adjustment Event”) occurred on or prior to the Transfer Date. Purchaser and Seller shall each provide such documentation as the other may reasonably request to validate its determination with respect to the timing of any disputed Adjustment Event hereunder.

Adjusted Payment Amount. Adjusted Payment Amount" shall mean the amount to be paid by the Purchaser to the Seller Corporations pursuant to Section 1.3(a)(i), as reduced in accordance with the terms of Sections 4.7 and 4.8.

Adjusted Payment Amount means the meaning set forth in Section 2.7(d).