Examples of Post-Closing Adjustment Date in a sentence
On a date that is no later than the Post-Closing Adjustment Date, Reinsurer and Ceding Company shall agree to a final statement of the Separate Account (the “Final Separate Account Statement”), in the same form and prepared on the same basis as the Closing Separate Account Statement.
No later than the Post-Closing Adjustment Date, Purchaser or Seller, as appropriate, shall pay to the other the amounts set forth therein.
Any post-Closing payment pursuant to this Section 2.09(b) shall be made within 5 days after the Post-Closing Proration Adjustment Amount has been finally determined, whether by mutual agreement or dispute resolution (the “Post-Closing Adjustment Date”), and shall bear interest from and including the Post-Closing Adjustment Date to but excluding the date of payment at a rate per annum equal to the Interest Rate in effect from time to time during the period from the Closing Date to the date of payment.
The resulting amount owing by Seller to Purchaser, or by Purchaser to Seller, as the case may be, shall be paid no later than the Post-Closing Adjustment Date.
If notice of a "Title Defect" (as hereinafter defined) is given to Sellers as provided herein which shall not have been cured as of the "Post-Closing Adjustment Date" (as hereinafter defined) and Purchaser is unwilling to accept an indemnity as provided in Section 8.2 hereof, Purchaser and the Seller whose Acquired Assets are affected by the claimed Title Defect shall use their best efforts to agree on an adjustment to the Purchase Price to reflect the Title Defect.
Upon the resolution of their disagreement, the parties shall increase or decrease the Purchase Price based on Net Working Capital as of the Closing, and within five (5) business days after determination thereof (the "Post-Closing Adjustment Date"), Buyer shall pay to Seller any increase in cash, and Seller shall pay to Buyer any decrease in cash.
LDI hereby agrees to issue, sell and deliver to the Advent Entities at the Closing (as hereinafter defined) and on the Post-Closing Adjustment Date (as hereinafter defined) the Securities (as hereinafter defined), for the consideration set forth and payable in accordance with the provisions of Article II.
If the Net Transfer Amount is less than the Closing Net Transfer Amount, Reinsurer shall transfer assets to the Company equal in amount to such differential ("Adjusting Transfer Amount"), together with interest on the Adjusting Transfer Amount (at the rate of the 6.2% per annum) from the Effective Date to the "Post-Closing Adjustment Date" (as hereinafter defined).
The term "Post-Closing Adjustment Date" shall mean the date ninety (90) days after the Mini-Branch Closing Date.
If the Closing Date Net Working Capital, as finally determined, is more than $200,000 greater than the Estimated Net Working Capital, then within five (5) business days after the Post-Closing Adjustment Date, Stoneridge shall pay Old BCS by wire transfer of immediately available funds the amount by which (i) the Closing Date Net Working Capital, as finally determined, exceeds the Estimated Net Working Capital, less (ii) $200,000.