Common use of Closing Purchase Price Adjustment Clause in Contracts

Closing Purchase Price Adjustment. If the Post-Closing Purchase Price Adjustment is less than zero, then Purchaser must deliver, within five days after final determination of the Post-Closing Purchase Price Adjustment, a substitute promissory note (the "Lesser Note") for the Note with a principal amount equal to the $5,000,000 LESS the amount of the Post-Closing Purchase Price Adjustment LESS an amount equal to (i) 6%, divided by (ii) 365, multiplied by (iii) the number of days between the Closing Date and the date of delivery of the Lesser Note, and multiplied by (iv) the Post-Closing Purchase Price Adjustment. Upon delivery of the Lesser Note, Seller must immediately ▇▇▇▇ the Note "Cancelled" and promptly deliver the cancelled Note to Purchaser.

Closing Purchase Price Adjustment. If the Post-Closing Purchase Price Adjustment is less greater than zero, then Purchaser must deliver, within five days after final determination of the Post-Closing Purchase Price Adjustment, a substitute promissory note (the "Lesser Greater Note") for the Note with a principal amount equal to the $5,000,000 LESS PLUS the amount of the Post-Closing Purchase Price Adjustment LESS PLUS an amount equal to (i) 6%, divided by (ii) 365, multiplied by (iii) the number of days between the Closing Date and the date of delivery of the Lesser NoteNet Fixed Asset Value, and multiplied by (iv) the Post-Closing Purchase Price Adjustment. Upon delivery of the Lesser NoteNet Fixed Asset Value, Seller must immediately ▇▇▇▇ the Note "Cancelled" and promptly deliver the cancelled Note to Purchaser.