Definition of Post-Closing Payment


Post-Closing Payment means an amount (positive or negative) equal to the Estimated Adjustment Amount minus the actual Adjustment Amount, as determined pursuant to Section 2.6.


Post-Closing Payment means Twenty Five Million Dollars ($25,000,000.00).

Examples of Post-Closing Payment in a sentence

Payment to Shareholder of his portion of the Post-Closing Payment shall be made in the same manner as payments under the Additional Short-Term Note.
Any Post Closing Payment Objection Notice delivered pursuant to this Section shall specify in reasonable detail the nature and dollar amount of any disagreement.
The cost of such review and report shall be borne (i) by Purchaser, if the Post Closing Payment Amount, as set forth in Purchasers calculation thereof delivered pursuant to Section 4.4(a), is greater than the Post Closing Payment Amount, or (ii) by Parent, if the Post Closing Payment Amount, as set forth in Purchasers calculation thereof delivered pursuant to Section 4.4(a), is equal to or less than the Final Post Closing Payment Amount.
The Purchaser and the Escrow Agent may rely on the Post-Closing Payment Allocation Certificate, and no Seller shall have any claims against the Purchaser or the Escrow Agent as a result of any inaccuracies or misstatements therein.
If a Change of Control Event occurs at any time prior to the Subsequent Payment Date, then at the election of Sellers', the Sellers shall be immediately entitled to receive the Post-Closing Payment Amount in the form of a United States cash currency payment.