A&R Settlement definition
Examples of A&R Settlement in a sentence
Any A/R Settlement Amount payment made pursuant to this Section 5.9 shall be treated as a reduction in the Purchase Price paid by the Purchaser for the Purchased Assets, unless otherwise required by applicable Law.
If, at any time after the A/R Settlement Amount is paid to the Purchaser by the Company or the Stockholders, the Purchaser receives cash payment for any of the Acquired Accounts Receivable with respect to which the A/R Settlement Amount was paid, the Purchaser shall, as soon as reasonably practicable after receipt, pay over such amount to the Company, by check or wire transfer of immediately available funds.
Any A/R Settlement Amount shall be paid, at the election of the Purchaser, either by wire transfer to the Purchaser by the Company and the Stockholders (jointly and severally) or by release to the Purchaser of Indemnity Escrow Funds from the Indemnity Escrow Account, in each case within five (5) Business Days after receipt by the Company and the Stockholders of the A/R Collections Summary.