Post-Closing Adjustment definition
Examples of Post-Closing Adjustment in a sentence
The Estimated Purchase Price, as adjusted by the Post-Closing Adjustment, shall be the “Final Purchase Price.” Any such payment pursuant to this Section 2.4(d) shall be made by wire transfer of immediately available funds within five (5) Business Days after the determination of the Final Closing Statement to an account designated in writing by the Party entitled to the payment, which such account shall be designated within three (3) Business Days after the determination of the Final Closing Statement.
If the Post-Closing Adjustment is a positive amount, then Buyer shall pay in cash to Parent (or one or more Affiliates designated by Parent) the absolute value of the amount of the Post-Closing Adjustment.
If the Post-Closing Adjustment is a negative amount, then Parent shall cause Parent (or an Affiliate designated by Parent) to pay in cash to Buyer or its designee the absolute value of the amount of the Post-Closing Adjustment.