Purchase Price Reduction definition

Purchase Price Reduction has the meaning set forth in Section 2.3(a) hereof.

Purchase Price Reduction means the aggregate amount of deferred revenues of the Business as of the Closing Date minus the amount of prepaid rent of the Business as of the Closing Date, in each case as mutually agreed upon by the parties.

Purchase Price Reduction has the meaning set forth in Section 2.10(e).

Examples of Purchase Price Reduction in a sentence

• If, prior to the expiration of the Hold Back Period, the Purchaser has given notice of any Indemnification Claims and/or Purchase Price Reduction Claims, the Escrow Agent shall retain Principal in an amount equal to the aggregate of all such Indemnification Claims and Purchase Price Reduction Claims together with any interest or income thereon (collectively the "Retained Portion").

• In the event that the Escrow Fund is insufficient to cover the amount of the Preliminary Purchase Price Reduction, then the Escrow Agent shall distribute the entire Escrow Fund to the Purchaser as provided above and the Seller or Audiovox, on behalf of the Seller, shall pay, on or prior to the same date as the Escrow Agent distributes the Escrow Fund to the Purchaser, an amount to the Purchaser, by wire transfer in immediately available funds, equal to the amount of such deficiency.

• If the net assets of InConcert as of the Closing Date shall not exceed the amount of liabilities reflected on the Balance Sheet by at least $600,000 (a "Shortfall"), the Purchase Price shall be reduced by the amount of such Shortfall (a "Purchase Price Reduction").

• Such amount may at any time thereafter be reduced pursuant to the operation of the "Purchase Price Reduction" provisions herein.

• The portion of the Aggregate Closing Purchase Price Reduction applied to the Aggregate Closing Purchase Price shall be applied on a pro rata basis among the Principals in accordance with the percentages set forth on Schedules 2.6.1(a) and 2.6.1(b).

More Definitions of Purchase Price Reduction

Purchase Price Reduction has the meaning set forth in Section 6.6.

Purchase Price Reduction means $5,000,000.

Purchase Price Reduction is defined in Section 1.5(e).

Purchase Price Reduction shall have the meaning specified in Section 2.4(c).

Purchase Price Reduction as defined in Section 2.6.2 herein.

Purchase Price Reduction means the proceeds of any payment made to the Parent or the Company under clause 4.5 (Adjustment Payment) of the Acquisition Agreement or any other reduction or downward adjustment to the purchase price for the Acquisition pursuant to the Acquisition Documents, except for Excluded Purchase Price Reduction Proceeds.

Purchase Price Reduction has the meaning given in Section 2.7(1)(i).