Customer Adjustment definition
Examples of Customer Adjustment in a sentence
Between the date of this Agreement and the Closing, if the Seller provides to the Purchaser an update to Section 3.19(a) to the Seller Disclosure Schedule as required by the last sentence of Section 5.14, the Initial Purchase Price shall be reduced by the aggregate Customer Adjustment Amount with respect to all such additional disclosures, provided that such reduction pursuant to this Section 2.15 shall not exceed the Customer Adjustment Amount Cap.
A Customer Adjustment Factor (CAF) will be calculated for each customer to reflect the difference between the customer's historical usage and the usage under the load profile assigned to that customer.
The Third Party Auditors shall allow each of Vendor and Purchaser to present its respective position regarding the Draft Statement and the determination of the Working Capital, Net Indebtedness and/or the Customer Adjustment Amount, and each of Vendor and Purchaser shall have the right to present additional documents, materials and other information, and make a written or oral presentation to the Third Party Auditors regarding the dispute.
Target Residential Customers 37,046 37,194 37,341 37,489 Actual Ending Customer Benchmark Month 12/31/07 1/31/08 2/29/08 3/31/08 If both the Commercial Revenue Adjustment and the Residential Customer Adjustment are both positive numbers, the Revenue/Customer Adjustment Amount will equal zero.
Target LTM Commercial Revenue $ 11,736,419 $ 11,958,315 $ 12,190,661 $ 12,396,408 Actual LTM Commercial Revenue Benchmarking Period 1/1/07 - 2/31/07 2/1/07 - 1/31/08 3/1/07 - 2/29/08 4/1/07 - 3/31/08 The "Residential Customer Adjustment" will equal (a) the Actual Residential Customers (as defined below) as of the Closing Date less the target Residential Customers (in the chart below that corresponds to the Closing Date) (the "Target Residential Customers") multiplied by (b) $3,668.
For the avoidance of doubt, the maximum possible amount of the Base Purchase Price shall be equal to the Target Purchase Price (i.e., in the event that the Lost Customer Adjustment Amount is $0), even if the Aggregate Pre-Closing New EBITDA (defined below) exceeds the Aggregate Lost EBITDA Amount (defined below).
As is the case with other biopharmaceutical companies, our success is heavily dependent on intellectual property, particularly patents.
If both the Commercial Revenue Adjustment and the Residential Customer Adjustment are both negative numbers, the Revenue/Customer Adjustment Amount will be the absolute value of the sum of the Commercial Revenue Adjustment and the Residential Customer Adjustment.
If the Customer Adjustment Amount set forth in the Final Statement is greater than the Customer Adjustment Amount set forth in the Estimated Statement, the amount of such difference will be owed to Purchaser by Vendor.
Notwithstanding anything herein to the contrary, no Customer Adjustment shall be made to the Purchase Price unless and until the aggregate amount of the Customer Adjustment would reduce the Purchase Price by more than $500,000, and then the Purchase Price shall only be adjusted for amounts in excess of such amount.