Estimated Completion Date Payment definition
Estimated Completion Date Payment means an estimate (together with the corresponding calculation) prepared in good faith by the Vendor and notified to the Purchaser of the likely amount of the Net Assets;
Examples of Estimated Completion Date Payment in a sentence
At Completion, the Purchaser shall pay to the Vendor the amount in respect of the Estimated Completion Date Payment as provided in paragraph 2 of Schedule 9.
The Vendor shall deliver to the Purchaser a copy of the Estimated Completion Date Payment not later than three Business Days prior to Completion and the Purchaser shall (if it is a positive figure) pay to the Vendor on Completion a sum (not exceeding 3 million pounds sterling) equal to the amount of the Estimated Completion Date Payment as provided for in clause 3.1.