Common use of Closing Adjustment Clause in Contracts

Closing Adjustment. (i) At the Closing, the Purchase Price shall be adjusted in the following manner: A. either (1) an increase by the Estimated Closing Working Capital Adjustment, if the Estimated Closing Working Capital (as determined in accordance with Section 2.06(a)(ii)) is greater than the Top Collar, or (2) decreased by the Estimated Closing Working Capital Adjustment, if the Estimated Closing Working Capital is less than the Bottom Collar;

Appears in 1 contract

Samples: Escrow Agreement (LIVE VENTURES Inc)

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Closing Adjustment. (i) At the Closing, the Closing Cash Portion and, accordingly, the Purchase Price Price, shall be adjusted in the following manner: A. either by (1) an increase by the Estimated Closing Working Capital Adjustmentamount, if any, by which the Estimated Closing Working Capital (as determined in accordance with Section 2.06(a)(ii)) is greater than the Top CollarTarget Working Capital, or (2) decreased a decrease by the Estimated Closing Working Capital Adjustmentamount, if any, by which the Estimated Closing Working Capital is less than the Bottom Collar;Target Working Capital.

Appears in 1 contract

Samples: Stock Purchase and Contribution Agreement (Hydrofarm Holdings Group, Inc.)

Closing Adjustment. (i) At the Closing, the Purchase Price shall be adjusted in the following manner: A. by either (1) an increase by the Estimated Closing Working Capital Adjustmentamount, if any, by which the Estimated Closing Working Capital (as determined in accordance with Section 2.06(a)(ii2.08(b)) is greater than the Top CollarTarget Working Capital, or (2) decreased a decrease by the Estimated Closing Working Capital Adjustmentamount, if any, by which the Estimated Closing Working Capital is less than the Bottom CollarTarget Working Capital;

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (Unrivaled Brands, Inc.)

Closing Adjustment. (i) At the Closing, the Cash Closing Purchase Price shall be adjusted in the following manner: A. as follows either by (1A) an increase by the Estimated Closing Working Capital Adjustmentamount, if any, by which the Estimated Closing Working Capital (as determined in accordance with Section 2.06(a)(ii2.4(a)(ii)) is greater than the Top CollarTarget Working Capital, or (2B) decreased a decrease by the Estimated Closing Working Capital Adjustmentamount, if any, by which the Estimated Closing Working Capital is less than the Bottom Collar;Target Working Capital. The net amount after giving effect to the adjustments listed in this Section 2.4(a) shall be the “Closing Purchase Price”.

Appears in 1 contract

Samples: Equity Purchase Agreement (Cinedigm Corp.)

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Closing Adjustment. (i) At the Closing, the Purchase Price shall be adjusted in the following mannerby either: A. either (1) an increase by the Estimated Closing Working Capital Adjustmentamount, if any, by which the Estimated Closing Working Capital (as determined in accordance with Section 2.06(a)(ii2.3(a)(ii)) is greater than the Top CollarTarget Working Capital, or (2) decreased a decrease by the Estimated Closing Working Capital Adjustmentamount, if any, by which the Estimated Closing Working Capital is less than the Bottom Collar;Target Working Capital. The net amount after giving effect to this adjustment shall be the “Closing Date Payment.”

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (G Medical Innovations Holdings Ltd.)

Closing Adjustment. (i) At the Closing, the Closing Purchase Price shall be adjusted in the following manner: A. as follows either by (1A) an increase by the Estimated Closing Working Capital Adjustmentamount, if any, by which the Estimated Closing Working Capital (as determined in accordance with Section 2.06(a)(ii2.4(a)(ii)) is greater than the Top CollarTarget Working Capital, or (2B) decreased a decrease by the Estimated Closing Working Capital Adjustmentamount, if any, by which the Estimated Closing Working Capital is less than the Bottom Collar;Target Working Capital. The net amount after giving effect to the adjustments listed in this Section 2.4(a) shall be the “Closing Purchase Price”.

Appears in 1 contract

Samples: Equity Purchase Agreement (Cinedigm Corp.)

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