Net Purchase Price Adjustment Amount. The Purchase Price adjustment amounts provided for in Sections 1.6(b), (c) and (d), if any, shall all be aggregated and netted against each other such that either (i) a single amount shall be payable to Buyer by SCI and no amount shall be payable by Buyer to SCI under this Section 1.6, (ii) a single amount shall be payable by SCI to Buyer, and no amount shall be payable by SCI to Buyer under this Section 1.6, or (iii) no amount shall be payable by any party hereto under either this Section 1.6. By way of example only, if $150,000 is payable by SCI to Buyer pursuant to Section 1.6(b), $50,000 is payable by SCI to Buyer pursuant to Section 1.6(c) and $100,000 is payable by Buyer to SCI pursuant to Section 1.6(d), then SCI shall pay to Buyer, in accordance with Section 1.6(f), an amount equal to $100,000 (i.e., $150,000 + $50,000 - $100,000).
Appears in 3 contracts
Sources: Asset Purchase and Sale Agreement, Asset Purchase Agreement (Stonemor Partners Lp), Asset Purchase Agreement (Stonemor Partners Lp)