Post-Closing Adjustment definition

Post-Closing Adjustment has the meaning set forth in Section 2.04(b)(ii).

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Post-Closing Adjustment has the meaning set forth in Section 3.3(c).

Post-Closing Adjustment shall have the meaning set forth in Section 2.6.

Examples of Post-Closing Adjustment in a sentence

• The disputed Estimated Adjustments shall be resolved in accordance with the provisions of Section 2.3(b)(iii) and paid as part of any Post-Closing Adjustment to the extent required by Section 2.3(b)(iii).

• If Buyer objects to the Proposed Post-Closing Adjustment, the Parties shall attempt to resolve such dispute by negotiation.

• Within sixty (60) days after the delivery of the Post-Closing Statement by Seller to Buyer, Buyer may object to the Proposed Post-Closing Adjustment in writing, setting forth in detail a description of the basis for the objection and the amount of the Proposed Post-Closing Adjustment to which Buyer is objecting.

• If the Parties are unable to resolve such dispute within thirty (30) days after any objection by ▇▇▇▇▇, the Parties shall appoint the Independent Accounting Firm, which shall review the Proposed Post-Closing Adjustment and determine the appropriate adjustment to the Purchase Price, if any, within thirty (30) days after such appointment.

More Definitions of Post-Closing Adjustment

Post-Closing Adjustment has the meaning set forth in Section 1.7(a).

Post-Closing Adjustment has the meaning set forth in Section 2.4(h).

Post-Closing Adjustment shall be an amount equal to the difference between Estimated Working Capital minus Closing Working Capital. If the Post-Closing Adjustment is a negative number, Buyer shall pay to Sellers an amount equal to the Post-Closing Adjustment, and if the Post-Closing Adjustment is a positive number, Sellers shall pay to Buyer an amount equal to the Post-Closing Adjustment, in each case, in accordance with Section 2.06(b)(vii).

Post-Closing Adjustment shall have the meaning set forth in Section 2.3 below.

Post-Closing Adjustment has the meaning ascribed to it in Section 2.9(e).

Post-Closing Adjustment shall be an amount equal to (A) if the Closing Working Capital is greater than the Estimated Closing Working Capital, the Closing Working Capital minus the Estimated Closing Working Capital (an “Excess”), and (B) if the Closing Working Capital is less than the Estimated Closing Working Capital, the Estimated Closing Working Capital minus the Closing Working Capital (a “Shortfall”).

Post-Closing Adjustment has the meaning set forth in Section 2.6(g).