Examples of Estimated Closing Amount in a sentence
In the event Buyer disagrees with the Estimated Closing Amount, the Buyer shall (a) promptly notify the Seller in writing of such disagreement, setting forth the basis of such disagreement and (b) specify in reasonable detail the nature of its objections to the Sellers’ estimates.
On the Adjustment Date (a) the Purchaser shall pay to the Vendor the amount, if any, by which the Final Closing Amount Payable exceeds the Estimated Closing Amount Payable or (b) the Vendor shall pay to the Purchaser the amount, if any, by which the Estimated Closing Amount Payable exceeds the Final Closing Amount Payable.
In any Price Adjustment Claim, Purchasers shall certify, in the Purchaser Claim Notice, that the terms Estimated Closing Amount, Dispute Period, Dispute Notice, Dispute and Final Equity Consideration, as used in the Purchaser Claim Notice, have the same meanings as are ascribed to such terms in the Purchase Agreement.
On the Closing Date, Purchaser shall pay to Seller the Estimated Closing Amount, which shall be paid by wire transfer of immediately available United States funds into an account designated by Seller at least three (3) Business Days prior to the Closing Date.
If the Purchaser does not elect to prepare a Draft Working Capital / CAPEX Adjustment, the Final Closing Amount Payable shall equal the Estimated Closing Amount Payable.