Purchase Adjustment Amount definition
Examples of Purchase Adjustment Amount in a sentence
By way of illustration and not in limitation of the foregoing, if the Investor purchases shares of Common Stock having a total purchase price (including brokerage commissions) of $11,000 to cover an Open Market Purchase with respect to shares of Common Stock it sold for net proceeds of $10,000, the Open Market Purchase Adjustment Amount which the Company will be required to pay to the Investor will be $1,000.
By way of illustration and not in limitation of the foregoing, if the Investor purchases shares of Common Stock having a total purchase price (including brokerage commissions) of eleven thousand dollars to cover an Open Market Purchase with respect to shares of Common Stock it sold for net proceeds of ten thousand dollars, the Open Market Purchase Adjustment Amount which the Company will be required to pay to the Investor will be one thousand dollars.
By way of illustration and not in limitation of the foregoing, if the Investor purchases shares of Common Stock having a total purchase price (including brokerage commissions) of $11,000 to cover an Open Market Share Purchase with respect to shares of Common Stock it sold for net proceeds of $10,000, the Open Market Purchase Adjustment Amount which the Company will be required to pay to the Investor will be $1,000.
Such payment shall be made (A) first by reduction of the Purchase Adjustment Amount (as defined herein), and (B) the balance, if any, by wire transfer to the account of Buyer within two (2) business days following the earliest to occur of (i) final approval of the Closing Financial Data by Buyer, (ii) expiration of the Notification Period with no written objections being received by Shareholder, or (iii) receipt by Shareholder and Buyer of the Determination.
Upon receipt of a Notice of Transfer, the applicable Purchaser shall review such Seller’s calculation of the Aircraft Purchase Adjustment Amount or the amount set forth on Schedule 3-C (as applicable) and shall confirm to such Seller whether it agrees with such calculation.
The applicable Seller shall initially calculate any Aircraft Purchase Adjustment Amount or the amount set forth on Schedule 3-C (as applicable) in respect of any Aircraft and shall include such amount (together with details as to how such amount was determined) in the Notice of Transfer to be delivered hereunder with respect thereto.
Any Purchase Adjustment Amount shall be paid by Purchaser to Seller on a daily basis and shall be deemed to be part of the Purchase Price.
Buyer's right of set-off shall be superior to any right of Indemnitors to request or direct payment of any part or all of the Purchase Adjustment Amount to or for the account of Indemnitors.
By way of illustration and not in limitation of the foregoing, if the Holder purchases shares of Common Stock having a total purchase price (including brokerage commissions) of $11,000 to cover an Open Market Purchase with respect to shares of Common Stock it sold for net proceeds of $10,000, the Open Market Purchase Adjustment Amount which the Company will be required to pay to the Holder will be $1,000.
By way of illustration and not in limitation of the foregoing, if the Investor purchases shares of the Common Stock having a total purchase price (including brokerage commissions) of $11,000 to cover an Open Market Purchase with respect to shares of the Common Stock it sold for net proceeds of $10,000, the Open Market Purchase Adjustment Amount which the Company will be required to pay to the Investor will be $1,000.