Net Closing Amount definition

Net Closing Amount means the Closing Amount, less the $2,500,000 of Initial Escrowed Shares, and less the amount of Company Transaction Expenses paid by Parent on behalf of the Company and the Shareholders at Closing.

Net Closing Amount means the Aggregate Closing Amount less the Escrow Amount.

Net Closing Amount shall have the meaning set forth in Section 2.2(c)(iii).

Examples of Net Closing Amount in a sentence

• The Company shall use its commercially reasonable efforts to obtain from the Indebted Stockholders letters of direction to the effect that the aggregate Per Share Net Closing Amount payable to an Indebted Stockholder shall be offset by the amount of indebtedness, including principal and interest, owed under such Indebted Stockholder’s Stock Purchase Note as of the Closing Date.

• At the Closing, Parent shall have the financial resources available to fund the payment of the Net Closing Amount.

• At the Sydson Final Settlement Date, and pursuant to Article 2.4, if the Sydson Final Purchase Price is less than the Sydson Net Closing Amount, Seller shall pay to Buyer the balance of such difference by wire transfer of immediately available funds.

• Other than the payments to the Stockholders' Committee of the Net Closing Amount and to the Escrow Agent of the Escrow Amount pursuant to this Section 2.10, and the payment to the Stockholders' Committee of the IBNR Adjustment pursuant to Section 2.7, if applicable, Purchaser shall have no liability or obligation whatsoever with respect to the payment to Equityholders for such Equityholders' allocated share of the Net Closing Amount, the Escrow Amount or the IBNR Adjustment.

• In the event that (a) the Sydson Final Purchase Price is more than the Sydson Net Closing Amount paid by the Buyer on the Closing Date, Buyer shall pay to Seller the balance of such difference by wire transfer of immediately available funds, or (b) the Sydson Final Purchase Price is less than the Sydson Net Closing Amount paid by the Buyer on the Closing Date, Seller shall pay to Buyer the balance of such difference by wire transfer of immediately available funds.

• Parent shall pay on behalf of the Company and the Shareholders at Closing Company Transaction Expenses in those amounts and to those persons directed by the Shareholder Representative; provided, however, that the total amount so paid by Parent on behalf of the Company and the Shareholders shall be deducted from the Closing Amount in determining the Net Closing Amount payable to the Shareholders at Closing; provided, further, that the total amount so paid by Parent shall not exceed $250,000.

• Such Xxxx Fees are payable upon (i) payment of the Net Closing Amount to Sellers and AWAC, and (ii) payment of any Earnout Amounts to the Sellers and AWAC.

• At Final Settlement Date, and pursuant to Article 2.4, if the Mayell Final Purchase Price is greater than the Mayell Net Closing Amount, Buyer shall pay to Seller the balance of such difference by wire transfer of immediately available funds.

• In no event shall Seller’s indemnity obligation under this Article 9.2 exceed ten (10) percent of the Mayell Net Closing Amount.

• In the event that (a) the Mayell Final Purchase Price is more than the Mayell Net Closing Amount paid by the Buyer on the Closing Date, Buyer shall pay to Seller the balance of such difference by wire transfer of immediately available funds, or (b) the Mayell Final Purchase Price is less than the Mayell Net Closing Amount paid by the Buyer on the Closing Date, Seller shall pay to Buyer the balance of such difference by wire transfer of immediately available funds.

More Definitions of Net Closing Amount

Net Closing Amount means the Initial Cash Purchase Price less the sum of (i) Escrowed Cash, (ii) Estimated Indebtedness, and (iii) Estimated Transaction Expenses and adjusted as follows: