Common use of Adjustment for Progressive Liabilities Clause in Contracts

Adjustment for Progressive Liabilities. Within two (2) Business Days following the Closing, Sellers (or a “qualified intermediary” designated by Sellers) shall pay to Buyer an amount equal to the amounts shown as of the Transfer Time on: (a) the Partnership’s progressive slot machine meters as of the Transfer Time (if not removed by the vendor at or before the Transfer Time); and (b) table games with an in-house progressive jackpot feature as of the Transfer Time.