Purchase Price Refund definition

Purchase Price Refund any amount received by the Borrower or any Subsidiary as a result of a purchase price adjustment or similar event in connection with any acquisition of Property by the Borrower or any Subsidiary.

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Purchase Price Refund any amount received by any Loan Party after the Closing Date as a result of a purchase price adjustment or similar event in connection with any acquisition of Property by such Loan Party.

Purchase Price Refund means any amount in excess of $250,000 received by the Company or any Subsidiary as a result of a purchase price adjustment or similar event in connection with any acquisition or Disposition by the Company or any Subsidiary.

Examples of Purchase Price Refund in a sentence

• The Seller will maintain adequate funds, or will cause any of its Affiliates to pay, for any Purchase Price Refund arising hereunder or any obligations arising under Section 4.01.

• Such prepayment shall be applied on the 11th Business Day following such Asset Sale, Purchase Price Refund or Recovery Event toward the prepayment of the Revolving Loans as set forth in Section 2.22(d).

• The Seller will notify the Buyer in accordance with Section 7.01 promptly upon the commencement of any Subsequent Sale and will pay to the Buyer at the time of such Subsequent Sale the Purchase Price Refund.

• In the event that a landlord consent is not obtained, and in the event that the landlord with regard to such Store commences any action to terminate the lease because of an assignment without consent, then Buyer may rescind this Agreement with respect to that particular Store, and receive a refund of the allocable portion of the Purchase Price for the Store in an amount equal to the percentage shown for the Store in Schedule 1.2, multiplied by the Purchase Price ("Refund Amount").

• If Sellers timely deliver an Objection Notice, Buyer and Sellers shall negotiate in good faith to resolve the disputed items and agree upon the Purchase Price Refund due and payable, if any.

• Amounts to be applied in connection with prepayments made pursuant to Section 2.12(a) in connection with the incurrence of Indebtedness (other than any Secured Mortgage Indebtedness and any refinancings thereof) and any Asset Sale, Purchase Price Refund or Recovery Event shall be applied, first, to the prepayment of the Tranche A Term Loans and the Tranche B Term Loans in accordance with Section 2.18 and, second, to the prepayment of the CMBS Bridge Loans.

• Any Purchase Price Refund that Seller is required to pay pursuant to Section 1.1(a) shall be paid in full no later than five business days following the date upon which the relevant calculations become final and binding upon the parties as provided in Sections 1.1(b)(iii) and (iv).

• Purchaser has no obligation to operate the Business in such a way as to minimize the amount of any Purchase Price Refund.

• Any Objection Notice shall specify the items in the EBITDA Statement disputed by Seller and shall describe in reasonable detail the basis for such objection, as well as the amount of the Purchase Price Refund in dispute.

• Buyer has no obligation to operate the Company in such a way as to minimize the amount of any Purchase Price Refund.

More Definitions of Purchase Price Refund

Purchase Price Refund any amount received by any Group Member as a result of a purchase price adjustment or similar event in connection with any acquisition of Property by any Group Member.

Purchase Price Refund any amount received by DOC or any of its Subsidiaries as a result of a purchase price adjustment or similar event in connection with any acquisition of Property by DOC or any of its Subsidiaries.

Purchase Price Refund any amount received by Holdings or any Subsidiary as a result of a purchase price adjustment or similar event in connection with any acquisition of Property by Holdings or any Subsidiary.

Purchase Price Refund any amount received by the Canadian Borrower or any Restricted Subsidiary as a result of a purchase price adjustment or similar event in connection with any acquisition of Property by the Canadian Borrower or any Restricted Subsidiary.

Purchase Price Refund any amount received by any ASOT Group Member as a result of a purchase price adjustment or similar event in connection with any acquisition of Property by any ASOT Group Member.

Purchase Price Refund any amount received by any Group Member as a result of a purchase price adjustment or similar event in connection with a given acquisition of Property by such Group Member which, as to such Property, yields net proceeds to such Group Member in excess of $1,000,000.