Post-Closing Purchase Price Adjustments. (i) On the tenth business day following the determination of the Final Closing Date Statement; either (A) Buyer shall pay to Seller the amount by which (x) Closing Working Capital as set forth in the Final Closing Date Statement is greater than (y) the Estimated Working Capital, or (B) Seller shall pay to Buyer the amount by which (x) Closing Working Capital as set forth in the Final Closing Date Statement is less than (y) the Estimated Working Capital. (ii) The amount referred to in §2.6(c)(i) shall be paid by the paying party under §2.6(c)(i) by wire transfer in immediately available funds to an account designated by the other party. (iii) Buyer or Seller may offset any amounts currently due to it from the other Party under this Agreement against any amounts currently due from it to the other Party under this §2.6(c).
Appears in 2 contracts
Sources: Asset Purchase Agreement (Stanadyne Corp), Asset Purchase Agreement (Gentek Inc)