R-22 Value Adjustment definition

R-22 Value Adjustment means an amount that is equal to the product of the following: (a) $21.00; multiplied by, (b) (x) the amount in pounds of R-22 Inventory on the Closing Date, minus (y) 7,428,000 pounds.
Sample 1

Examples of R-22 Value Adjustment in a sentence

  • The SPA contemplated that concurrently with Hudson’s provision of the Closing Statement, Hudson would calculate a Post-Closing Adjustment equal to (A) the Closing Working Capital, minus the Estimated Closing Working Capital, plus (B) the Closing Indebtedness, minus the Estimated Closing Indebtedness, plus (C) the Closing R-22 Value Adjustment, minus the Estimated R-22 Value Adjustment, minus (D) the Closing Disposal Adjustment.

  • The Closing Balance Sheet was also to include Hudson’s calculation of items referred to as the Closing R-22 Value Adjustment and Closing Disposal Adjustment—which essentially referred to Hudson’s calculation of ARI’s refrigerant gas inventory, adjusted to exclude, inter alia, certain inventory which Hudson claimed had no value because it could not be reclaimed in an economically efficient manner or without creating risk of damages to equipment or employees and cylinders that could not be reused.

  • At least five (5) Business Days before the Closing, Airgas was to deliver to Hudson an Estimated Closing Statement, which was to include a good faith estimate of the Closing Balance Sheet of ARI, including ARI’s Estimated Closing Working Capital, Estimated Closing Indebtedness, and Estimated R-22 Value Adjustment (i.e., the inventory of ARI’s “salable” R-22 Refrigerant Gas, the chief refrigerant gas supplied by ARI) as of the Closing Date, prepared in accordance with the Accounting Principles.

  • The SPA contemplated that, upon Airgas’s provision of the Estimated Closing Statement, the parties would calculate a Closing Adjustment equal to (A) the Estimated Closing Working Capital, minus the Target Working Capital, plus (B) Estimated Closing Indebtedness, plus (C) the Estimated R-22 Value Adjustment, minus (D) an $800,000 credit to Hudson.

Related to R-22 Value Adjustment

  • Market Value Adjustment means, on a given date, an amount equal to the lesser of (x) 98% and (y) a percentage determined according to the following formula: Market Value Adjustment = 98% – [(10yrCMTt – 10yrCMTlaunch) ×Duration], where 10yrCMTt = the 10-Year Treasury Constant Maturity Rate published each business day by the Board of Governors of the Federal Reserve System, or, if such rate ceases to be published, a successor rate reasonably determined by the Trustees (the “10-Year CMT”), on such repurchase date; 10yrCMTlaunch = the 10-Year CMT as of the end of the Initial Offering Period; and Duration = an estimate of the duration of the periodic interest payments of a hypothetical coupon-paying U.S. Government Security with a 25-year maturity, calculated by the Trust’s Investment Manager as of the end of the Initial Offering Period;

  • Value Adjustments means cash lending revenues and other revenues on collateral in respect of a Series of ETP Securities.

  • True-Up Adjustment means any Annual True-Up Adjustment or Interim True-Up Adjustment, as the case may be.

  • Net Adjustment Amount means an amount, which may be positive or negative, equal to the Closing Net Working Capital as finally determined pursuant to this Section 2.9 minus the Preliminary Net Working Capital as set forth on the Preliminary Closing Statement;

  • SOFR Adjustment means 0.10% (10 basis points) per annum.

  • CPI Adjustment means the quotient of (i) the CPI for the month of January in the calendar year for which the CPI Adjustment is being determined, divided by (ii) the CPI for January of 2007.

  • Price Adjustment means any and all price reductions, offsets, discounts, rebates, adjustments, and or refunds which accrue to or are factored into the final net cost to the hospital outpatient department or ambulatory surgical center.

  • Lot line adjustment means the relocation of the property boundary line in a

  • Equity Adjustment means the dollar amount resulting by subtracting the Book Value, as of Bank Closing, of all Liabilities Assumed under this Agreement by the Assuming Bank from the purchase price, as determined in accordance with this Agreement, as of Bank Closing, of all Assets acquired under this Agreement by the Assuming Bank, which may be a positive or a negative number.

  • Purchase Price Adjustment has the meaning set forth in Section 2.6.

  • Open Market Adjustment Amount shall have the meaning specified in Section 2(I).

  • Value Adjustment Event means, with respect to any Loan Asset, the occurrence of any one or more of the following events after the related Cut-Off Date:

  • Final Adjustment Amount has the meaning set forth in Section 2.4(c).

  • Estimated Adjustment Amount has the meaning set forth in Section 2.5(a).

  • Tax Adjustment has the meaning set forth in Section 4.7.

  • Adjustment Fraction shall have the meaning set forth in Section 11(a)(i) hereof.

  • Adjusted Value as used in subdivision (d) means:

  • Adjustment Amount For any Distribution Date, the difference between (A) the sum of the Class A Principal Balance and the Class B Principal Balance as of the related Determination Date and (B) the sum of (i) the sum of the Class A Principal Balance and the Class B Principal Balance as of the Determination Date succeeding such Distribution Date and (ii) the aggregate amount that would have been distributed to all Classes as principal in accordance with Section 4.01(a) for such Distribution Date without regard to the provisos in the definitions of Class B-1 Optimal Principal Amount, Class B-2 Optimal Principal Amount, Class B-3 Optimal Principal Amount, Class B-4 Optimal Principal Amount, Class B-5 Optimal Principal Amount and Class B-6 Optimal Principal Amount.

  • Interest Adjustment Rate means the interest adjustment rate assigned to the Security. The initial Interest Adjustment Rate is the interest adjustment rate specified in the Table (the "Initial Interest Adjustment Rate").The Issuer may adjust, in its reasonable discretion pursuant to §315 BGB and in consideration of the relevant capital market practice and by acting in good faith (including market interest rates and the interest-rate expectations of the market), the Interest Adjustment Rate, including the Initial Interest Adjustment Rate, on any Scheduled Trading Day within the range (deviation (+) or (-)) specified in the Table for any given Security. The adjusted rate will be published without undue delay in accordance with §12.

  • Adjustment Price means the lowest Underlying Price within the Adjustment Period after the Underlying Price is for the first time equal to or below the Adjustment Threshold.

  • Interest Adjustment Date With respect to a Mortgage Loan, the date, if any, specified in the related Mortgage Note on which the Mortgage Interest Rate is subject to adjustment.

  • Term SOFR Adjustment means a percentage equal to 0.10% per annum.

  • Post-Closing Adjustment Amount has the meaning set forth in Section 1.9.3.

  • Net Working Capital Adjustment Amount means an amount (which may be a positive or negative number) equal to (a) the Closing Date Net Working Capital minus (b) the Target Net Working Capital.

  • Closing Adjustment Amount shall have the meaning set forth in Section 2.3(b)(i)(A).

  • Index Adjustment Event means, in respect of the Index, an Administrator/Benchmark Event, an Index Cancellation, an Index Disruption or an Index Modification.