Closing Date Adjustment definition

Closing Date Adjustment shall have the meaning set forth in Section 2.08(d).

Closing Date Adjustment means the adjustment applied to the Closing Final Premium, the Interim Post-Closing Final Premium and the Post-Closing Final Premium, stated as a percentage and calculated in accordance with the methodology and procedures set forth in Section E of the Procedures Manual.

Closing Date Adjustment shall have the meaning given such term in Section 9.1.

Examples of Closing Date Adjustment in a sentence

• The Company has submitted its claim on account of Closing Date Adjustment to the Government in respect of such reduction in net assets of HTL Limited which has not been settled by the Government.

• The above consideration paid by the Company is subject to post closing adjustments on account of difference in net worth of HTL Limited as on 31.03.2001 and as on the date of purchase of shares in terms of Share Purchase Agreement dated 16.10.2001.The Company has submitted its claim on account of Closing Date Adjustment to the Government in respect of such reduction in net assets of HTL Limited which has not been settled by the Government.

• The parties’ disputes over the Closing Date Adjustment are for the Independent Auditor to resolve.

• But the Buyer insists that it did not give up its right to raise issues of GAAP compliance during the Closing Date Adjustment process.

• The Purchase Agreement did not, however, cap the Closing Date Adjustment.The magnitude of the Closing Date Adjustment could be quite large.

More Definitions of Closing Date Adjustment

Closing Date Adjustment means an adjustment to the Cash Consideration payable to Sellers at Closing, calculated as follows: (i) an increase by the Inventory Value; (ii) a decrease by the Closing Indebtedness; and (iii) a decrease by the Closing Transaction Expenses.

Closing Date Adjustment has the meaning given such term in Section 14(e).

Closing Date Adjustment has the meaning set forth in Section 2.3(e).

Closing Date Adjustment is defined in Section 2.2(b).

Closing Date Adjustment means an amount equal to:‌‌

Closing Date Adjustment means if the Closing occurs after July 1, 2022, an amount equal to the sum of (i) CAD $5,000,000 plus (ii) the product of (A) CAD $10,000,000 multiplied by (B) the number of four-week periods (rounded to the nearest tenth (0.1)) between July 1, 2022 and the Closing. 3 SHARE PURCHASE AGREEMENT

Closing Date Adjustment means the adjustment to the Purchase Price amount payable at Closing, as determined pursuant to Section 1.3(b).