Definition of Positive Adjustment

  1. Positive Adjustment means the amount which is equal to (Locked Box Net Cash less Target Net Cash) plus (Locked Box Working Capital less Target Working Capital) if (and only if) such amount is a positive amount. For the avoidance of doubt, a Positive Adjustment increases the aggregate price due under clause 3.1.

Examples of Positive Adjustment in a sentence

  1. Accounts Receivable Positive Adjustment the amount by which Accounts Receivable exceed the Specified Assumed Liabilities, all as reflected on the Closing Statement.
  2. Adjusted Purchase Price means the Purchase Price plus any Positive Adjustment or the Purchase Price minus any Negative Adjustment, as applicable.

Definition of Positive Adjustment in Share Purchase Agreement

Positive Adjustment means the amount which is equal to (Locked Box Net Cash less Target Net Cash) plus (Locked Box Working Capital less Target Working Capital) if (and only if) such amount is a positive amount. For the avoidance of doubt, a Positive Adjustment increases the aggregate price due under clause 3.1.