Completion Adjustment shall have the meaning set forth in Part I of Appendix B.
Completion Adjustment means either:
Completion Adjustment means, with respect to each Greenfield Plant, on the Commercial Operation Date for such Greenfield Plant, an amount equal to twenty-five percent (25%) of any difference (whether positive or negative) between (x) the aggregate total amount of Construction Project Costs set forth for such Greenfield Plant in the Construction Budget for such Greenfield Plant delivered and approved pursuant to Section 6.04(h) (Conditions to First Funding for Each Greenfield Plant) of the Credit Agreement minus (y) the aggregate total amount of actual and documented Construction Project Costs for such Greenfield Plant through and including the Commercial Operation Date (after taking into account any Construction Project Costs reserved for in accordance with clause (vi) of the definition of Commercial Operation Date).
Examples of Completion Adjustment in a sentence
Final Completion Adjustment Payment means the Final Completion Adjustment Amount less the Estimated Completion Adjustment Amount.
If paragraph 5.19(b) applies and the Adjustment Escrow Amount exceeds the Final Completion Adjustment Payment, the Adjustment Escrow Amount is payable by the Adjustment Escrow Agent to VTH RE.
Although progress has been made to finalise the fair values of the assets and liabilities acquired, the Completion Adjustment is expected to result in a change to the total consideration paid and resultantly impact the values of certain assets and liabilities.
Post Completion Adjustment The post-Completion adjustment shall be determined based on the consolidated equity attributable to the shareholders of the HKCo as at the Completion Date.
The Disposal Consideration attributable to the Group’s interest in the Target Company amounts to approximately RMB678.0 million (subject to the Post Completion Adjustment), which is arrived at based on the Disposal Consideration of RMB2,970 million less the maximum Outstanding Construction Loan Liabilities of RMB710 million and thereafter multiplied by approximately 30.0% (being the effective interest of the Group in the Target Company).
More Definitions of Completion Adjustment
Completion Adjustment is defined in Clause 4.2.1 of Schedule 7;
Completion Adjustment means an amount arising under clause 6.1.
Completion Adjustment has the meaning set out in clause 3.3. Completion Date: the date of this agreement. Completion Payment: US$11,893,764.79, having been determined as follows: US$15,941,048.00 (being the agreed enterprise value of the Company), less US$3,781,250.00 (being the agreed value of the Consideration Shares), less an amount equal to the Escrow Amount plus an amount equal to the Estimated Cash x 0.85, less an amount equal to the Estimated Indebtedness and plus an amount equal to the Estimated Working Capital Adjustment, and subject to adjustment in accordance with clause 3.3.
Completion Adjustment means the amount determined in accordance with clause Schedule 13.
Completion Adjustment means either: (1) the amount, if any, released or distributed to the B Member from the Project Completion Account following achievement of Final Completion (as defined in the ECCA) in accordance with the Holdings LLC Agreement (such amount so released or distributed, the “Surplus Amount”); or (2) if the amounts on deposit in the Project Completion Account are insufficient to (x) fund the actual costs and expenses necessary to achieve Final Completion (as defined in the ECCA) and (y) pay all Transaction Expenses (as defined in the ECCA), the aggregate amount of any such shortfall (such shortfall, the “Deficit Amount”). If the Completion Adjustment is an amount determined under clause (1), then each Purchaser shall pay its Percentage Portion of the Surplus Amount to Seller on the Completion Adjustment Date, and the Base Purchase Price will increase by the Surplus Amount. If the Completion Adjustment is an amount determined under clause (2), then Seller shall pay to each Purchaser such Purchaser’s Percentage Portion of the Deficit Amount on the Completion Adjustment Date, and the Base Purchase Price will decrease by the Deficit Amount. 1556004.16-WASSR01A - MSW Payment Mechanics and Payee Information: Upon satisfaction or waiver of the conditions precedent to Closing (other than Section 5.3(a)), the Purchasers shall pay the Base Purchase Price on the Closing Date to Seller by wire transfer in immediately available funds in U.S. dollars to the following bank account: Pay To: Citibank, N.A. Xxx Xxxx’x Xxx Xxx Xxxxxx, XX 00000XXX Number: 031100209Swift Code: CITIUS33Account Number: 38257899Credit To: Pattern Xxxxx Holdings LLCReference: [PEGI]/[PSP] Xxxxx Purchase Price
Completion Adjustment means either: (1) the amount, if any, released to the Class B Member from the Project Completion Account following achievement of Final Completion in accordance with the ECCA (the amount so released, the “Surplus Amount”); or (2) if the amounts on deposit in the Project Completion Account (as defined in the ECCA) are insufficient to (x) fund the actual costs and expenses (including the costs and expenses of or related to any Delayed Turbines (as defined in the ECCA)) necessary to achieve Final Completion and (y) pay all Transaction Expenses, the aggregate amount of any such shortfall (the “Deficit Amount”). If the Completion Adjustment is an amount determined under clause (1), then the Surplus Amount shall be paid by Purchaser to Seller on the Completion Adjustment Date. If the Completion Adjustment is an amount determined under clause (2), then the Deficit Amount shall be paid by Seller to Purchaser on the Completion Adjustment Date. Item III: Delayed Turbine Adjustment “Delayed Turbine Adjustment” means the increase if any, in the Purchase Price necessary for the Purchaser to maintain under the Updated Sale Model (as defined above and adjusted as provided below) the economic benefits to be received by Purchaser as reflected in the Updated Sale Model after giving effect to the release to the Class B Member of funds in the Holdback Account in respect of such Delayed Turbines pursuant to Section 2.7 of the ECCA. For purposes of determining the Delayed Turbine Adjustment, the Updated Sale Model shall be adjusted as follows: (1) Three Business Days prior to the expected release of proceeds from the Holdback Account, Seller shall provide to Purchaser an adjusted Updated Sale Model reflecting: (A) The date of Substantial Completion of such Delayed Turbines; (B) the number of Delayed Turbines that the Independent Engineer has certified to have achieved Substantial Completion; and (C) the amount of funds released from the Holdback Account; together with a calculation of the Delayed Turbine Adjustment and reasonably detailed supporting information with respect thereto.