Examples of Post-Closing Amount in a sentence
Consistent with paragraph 6 of the Sale Order, the Trustee is authorized to pay the Post-Closing Amount to Ashford.
If the Closing Balance is less than nil, then the Sellers must pay to the Purchaser (on a proportionate basis according to each Seller’s shareholding in MDSB immediately prior to Closing) the amount by which the Closing Balance is less than nil (“Adjustment Amount”) by way of repayment of part of the TDEX Closing Amount (in the case of TDEX), and the RESSB Closing Amount and the RESSB Post-Closing Amount (in the case of RESSB).
On or around March 24, 2022, in connection with the sale of the Ronda Property by the Trustee to Ashford, Ashford agreed to release the Post-Closing Amount in favor of the Debtors’ estates in partial consideration of the total purchase price for the Ronda Property.
In partial consideration of the total purchase price for the Ronda Property, Ashford agreed to release the Post-Closing Amount in favor of the Debtors’ estates and receive a credit at closing equal to the Post-Closing Amount.
The Parties wish to memorialize the settlement of the Post-Closing Amount and provide for payment of certain continued expenses previously documented as post-closing transition service items.
The Post-Closing Amount is in full and final settlement of the transition services and any other cost or item contemplated by Section 7.12(b) of the APA such that the estates will have no further obligation with respect to the transition services.