WIP Adjustment definition

WIP Adjustment means an amount equal to (i) the revenues recognized by Sellers on all uncompleted construction Purchased Contracts (“Uncompleted Construction Contracts”) as of the Closing Date, minus (ii) all xxxxxxxx by the Sellers attributable to the Uncompleted Construction Contracts through the Closing Date. For the avoidance of doubt, the WIP Adjustment can be a negative number.
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WIP Adjustment means an amount equal to (i) the revenues recognized by Sellers on all uncompleted construction Purchased Contracts
Sample 1
WIP Adjustment means an amount equal to (i) the revenues recognized by Sellers on all uncompleted construction Purchased Contracts (“Uncompleted Construction Contracts”) as of the Closing Date, minus (ii) all billings by the Sellers attributable to the Uncompleted Construction Contracts through the Closing Date. For the avoidance of doubt, the WIP Adjustment can be a negative number.
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Examples of WIP Adjustment in a sentence

  • The WIP Adjustment shall be determined on an aggregate basis netting out over and under accruals.

  • Together, such factors usually mean that lawyers largely rely on clients to demand advice that includes climate matters or avoid the issue entirely for fear of appearing ‘activist.’ For legal services, the risks presented by climate change correspond to how shifting physical risks may lend clients to become in breach of regulation or expose themselves to liability.

  • If within thirty (30) days after receipt by the Sellers’ Representative of Purchaser’s WIP Statement, Purchaser and the Sellers’ Representative have been unable to reach agreement, such Parties shall engage the Resolving Accountant to calculate the WIP Adjustment, and shall direct the Resolving Accountant to make its determination within thirty (30) days of its engagement.

  • The WIP Adjustment determined by the Resolving Accountant shall be final and binding on the Parties; provided that, the WIP Adjustment amount calculated by the Resolving Accountant shall be either the WIP Adjustment amount set forth in the Proposed WIP Statement or the Purchaser’s WIP Statement.

  • If the Final WIP Adjustment is a positive amount, the Purchaser shall pay to each Shareholder his Pro Rata Share of the total amount reflected by the Final WIP Adjustment.

  • If within 30 days after receipt by the Shareholder Representative of the Purchaser’s WIP Statement, the Purchaser and the Shareholder Representative have been unable to reach agreement, such Parties shall engage the Resolving Accountant to calculate the WIP Adjustment, and shall direct the Resolving Accountant to make its determination within 30 days of its engagement.

  • The WIP Adjustment determined by the Resolving Accountant shall be final and binding on the Parties; provided, that the WIP Adjustment amount calculated by the Resolving Accountant shall be either the WIP Adjustment amount set forth in the Proposed WIP Statement or Purchaser’s WIP Statement.

  • Based on the WIP Analysis and within 60 days after the Adjustment Date, the Shareholder Representative, on behalf of the Shareholders, shall provide the Purchaser with its calculation of the WIP Adjustment (the “ Proposed WIP Statement”), and the Purchaser shall either accept the Proposed WIP Statement, which will then be deemed final and binding on the Parties, or provide to the Shareholder Representative the Purchaser’s alternate calculation of the WIP Adjustment (the “Purchaser’s WIP Statement”).

  • The Purchaser and the Shareholder Representative shall give each other timely access to all documents, contracts and records related to the calculation of the WIP Adjustment, and if such access is not given timely, the time periods set forth in this Section 2.04 shall be extended as reasonably necessary to make the calculations contemplated in this Section 2.04.

  • An explanatory statement containing the information necessary to enable shareholders of the Company to make an informed decision on whether to vote for or against the resolution to approve the general mandate to repurchase shares of the Company, as required by the Listing Rules, is set out in Appendix II to the circular of the Company dated 7 May 2021.


More Definitions of WIP Adjustment

WIP Adjustment has the meaning given to it in Section 2.04(a).
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WIP Adjustment is defined in Section 1.7(a).
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WIP Adjustment has the meaning given to it in Section 1.4.
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WIP Adjustment is defined in Section 1.10(a).
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Related to WIP Adjustment

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

  • 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.

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

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

  • Final Adjustment has the meaning set forth in Section 10.3.B(2) hereof.

  • Closing Adjustment has the meaning set forth in Section 2.04(a)(ii).

  • Related Adjustment means, in determining any LIBOR Successor Rate, the first relevant available alternative set forth in the order below that can be determined by the Administrative Agent applicable to such LIBOR Successor Rate:

  • 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.

  • Post-Closing Adjustment has the meaning set forth in Section 2.04(b)(ii).

  • Final Adjustment Amount shall have the meaning set forth in Section 2.5(e).

  • Purchase Price Adjustment shall have the meaning specified in Section 3.02.

  • 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.

  • Estimated Adjustment Amount has the meaning set forth in Section 2.8(a).

  • 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;

  • Closing Adjustment Amount shall have the meaning set forth in Section 3.2(c).

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

  • Adjustment means each form of adjustment to consideration provided for in this clause.The parties acknowledge that the consideration under this Contract is inclusive of GST, where GST is calculated using the GST rate at the time of forming this Contract.The Contractor shall provide the Recipient with a Tax Invoice and/or adjustment notes in relation to the supply prior to an amount being paid by the Recipient under this Contract, and shall do all things reasonably necessary to assist the Recipient to enable it to claim and obtain any Input Tax Credit available to it in respect of a Supply.Where the GST rate is changed after the date of formation of this Contract the consideration under this Contract will be increased or decreased so that the consideration remains inclusive of GST, with GST calculated using the new GST Rate from the date of the change of the GST Rate that applies at the date of formation of this Contract. PrivacyFor the purposes of this Clause unless the context otherwise requires:

  • Cost of Living Adjustment means the percentage (if any) by which the Consumer Price Index for the month of October preceding the adjustment ex- ceeds the Consumer Price Index for the month of October one year before the month of October preceding date of the adjustment.

  • 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.

  • Post-Closing Adjustment Amount has the meaning set forth in Section 2.04(c).

  • 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.

  • Informal adjustment means an agreement reached among the parties, with consultation, but not the consent, of the victim of the crime or other persons specified in KRS 610.070 if the victim chooses not to or is unable to participate, after a petition has been filed, which is approved by the court, that the best interest of the child would be served without formal adjudication and disposition;

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

  • Credit Adjustment shall have the meaning specified in Section 3.02.

  • 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.

  • Inflation adjustment means that term as defined in the master settlement agreement.