Payment Adjustment Amount definition

Payment Adjustment Amount means an amount equal to the product obtained by multiplying (i) $3,880,000 by (ii) a fraction, the numerator of which is the amount in dollars by which Client/Clinic Revenue exceeds the Minimum Target Client/Clinic Revenue and the denominator of which is $11,000,000; provided, that in no event shall the Payment Adjustment Amount exceed $3,880,000.
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Payment Adjustment Amount has the meaning set forth in Section 2.8.
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Examples of Payment Adjustment Amount in a sentence

  • OWNER shall notify LESSEE by telefax or otherwise of the Payment Adjustment Amount so calculated.

  • The Estimated Payment Adjustment Amount and the WC Adjustment Amount when added together (which may be a positive or negative number) shall collectively be referred to as the "Adjustment Amount." If the Adjustment Amount is positive, the Adjustment Amount shall be paid by wire transfer by Seller to an account specified by Purchaser.

  • The Share Payment Adjustment Amount shall be computed no later than January 20, 2016, and the Star Mountain Shares included in the Share Payment Adjustment shall be issued to Seller within 10 days thereafter.

  • Investor Charge-Offs will also include, and the Invested Amount shall be reduced by the amount of, Reallocated Principal Collections and any Series Post Payment Adjustment Amount (if such amount is negative).

  • The Company shall, within ten (10) Business Days following the final determination of the Initial CVR Payment Amount or any CVR Payment Adjustment Amount, as applicable, pay such Initial CVR Payment Amount or CVR Payment Adjustment Amount to the Rights Agent (for the account of the Holders) by wire transfer of immediately available funds to such account as may be designated by the Rights Agent.

  • The "Estimated Payment Adjustment Amount" (which may be a positive or negative number) will be equal to the amount determined by subtracting the actual amount of (i) cash; and (ii) "outstanding checks (issued by Seller in payment of obligations of the Companies and Subsidiaries) in excess of deposits" as of the Closing Date as set forth in the applicable line items in the Closing Date Financial Statements (the "Actual Payment Amount") from the Estimated Payment.

  • Alternatively, if the Closing Payment Adjustment Amount reflects an overpayment by Buyer to Seller, the Seller shall make payment of such amount to the Buyer within five (5) days after the Final Balance Sheet has become final and binding on all Parties.

  • As soon as practicable thereafter, the Arbitrator shall determine the amount of each item in dispute and prepare a calculation of the Closing Payment Adjustment Amount, Revenue for the period applicable to the Quarterly Revenue Statement or the 2020 Earn-Out Amount, as applicable, which shall include an explanation in writing of the Arbitrator’s reasons for the determinations set forth therein.

  • For purposes of clarification, the Arbitrator will have no authority to make any determinations of compliance by the parties hereto with any covenants set forth in this Agreement and may only calculate the Closing Payment Adjustment Amount, Revenue and the 2020 Earn-Out Amount based only on the provisions set forth in this Agreement.

  • Regular Monthly Rental Payments due during each quarter after the first quarter of the term of this Lease, shall be subject to adjustment by adding thereto a Payment Adjustment Amount.