Common use of Payment of Closing Adjustment Clause in Contracts

Payment of Closing Adjustment. If the Closing Adjustment, as finally determined in accordance with this Section 2.3 (the “Final Closing Adjustment”) would (1) result in a higher Closing Payment to Parent had the Final Closing Adjustment been substituted for the Estimated Closing Adjustment, Purchaser will pay to Parent the amount thereof, or (2) result in a lower Closing Payment to Parent had the Final Closing Adjustment been substituted for the Estimated Closing Adjustment, Parent will pay to Purchaser the amount thereof (in each case, the “Purchase Price Adjustment”). The Purchase Price Adjustment will be paid within ten Business Days following the date on which the Preliminary Statement becomes the Final Statement (as determined in accordance with this Section 2.3), which payment shall be made in immediately available funds by wire transfer pursuant to instructions provided in writing by the recipient of the funds.