Common use of Payment of Adjustment Amount Clause in Contracts

Payment of Adjustment Amount. If, on the basis of the adjustment pursuant to Section 2.5(e), the Purchase Price falls short of the Estimated Purchase Price, Seller shall pay to Buyer an amount equal to such shortfall plus interest thereon at a rate of 300 basis points above Euribor from and including the Closing Date to, but excluding, the respective date of payment. Any payment pursuant to this Section 2.5(g) shall become due and payable on the sixth (6th) Business Day after the Purchased Inventory Value and the Purchased Liabilities Value have become final and binding upon the parties in accordance with Section 2.5 (f) last sentence.

Appears in 2 contracts

Sources: Asset Purchase Agreement (Infineon Technologies Ag), Asset Purchase Agreement (Infineon Technologies Ag)