Examples of Net Equity Adjustment in a sentence
The aggregate merger consideration (the “Merger Consideration”) shall consist of (i) the Closing Consideration as hereafter defined, and (ii) the Intended Installment Payments as determined under Section 4.4 below; provided that the Merger Consideration is subject to an A/R Adjustment pursuant to Section 4.3(b) and a Net Equity Adjustment pursuant to Section 4.3(c).
Except in the case of a dispute with respect to the Closing Date Balance Sheet, within ten (10) business days after delivery of the Closing Date Balance Sheet (the “Adjustment Payment Date”), the Shareholder shall pay the Other Net Equity Adjustment (as defined below) to PainCare.
Except in the case of a dispute with respect to the Closing Balance Sheet, within twenty (20) business days after delivery of the Closing Balance Sheet (the “Adjustment Payment Date”), the Shareholder shall pay the Net Equity Adjustment (as defined in Section 4.3(c)(ii) below), if any, to PainCare.
The Preliminary Purchase Price shall be subject to post-closing adjustment by the Net Equity Adjustment Amount (defined in Section 2.5) in accordance with Section 2.5, the additional post-closing CMS Part D adjustments as set forth below in Section 2.6(a) and the additional post-closing Medicare Risk adjustments as set forth below in Section 2.6(b) (the Preliminary Purchase Price, as so adjusted, is referred to herein as the “Purchase Price”).
Except in the case of a dispute with respect to the Closing Date Balance Sheet, within seven (7) days after delivery of the Closing Date Balance Sheet (the “Adjustment Payment Date”), the Member shall pay the Other Net Equity Adjustment to PainCare in cash.
Notwithstanding the foregoing, the Purchaser Indemnified Parties shall not be entitled to indemnification under this Section 10.2(a) to the extent of the amount of any Losses for which, in accordance with Section 2.5, the Parties have taken such amount of such Losses into consideration in the determination of the Closing Net Equity and the Net Equity Adjustment Amount.
Therefore, the Consolidated Equity Account used for the purpose of the Net Equity Adjustment will include any minorities.
The Closing Adjustment shall be computed in accordance with the terms of this Agreement, by the agreement of the parties or by the Arbitrator, as the case may be, immediately after the final determination of the Net Current Asset Adjustment and the Net Equity Adjustment pursuant to Section 1.3(b) and any Differential, which Differential shall be set forth on the Final Closing Statements.
If the Closing Date Balance Sheet (as defined in subsection (c) below) reflects Other Net Equity (as defined below) that is less than One Hundred Fifty Thousand and 00/100 Dollars ($150,000.00) ("Agreed Other Net Equity"), then the cash portion of the initial Transaction Consideration shall be reduced dollar for dollar (the "Other Net Equity Adjustment") by the difference between (i) the Agreed Other Net Equity; and (ii) the Other Net Equity set forth in the Closing Date Balance Sheet.
Except in the case of a dispute with respect to the Closing Balance Sheet, within ten (10) business days after delivery of the Closing Balance Sheet (the “Adjustment Payment Date”), the Shareholder shall pay the Net Equity Adjustment (as defined in Section 4.3(c)(ii) below), if any, to PainCare.