Common use of Post-Distribution Adjustment Clause in Contracts

Post-Distribution Adjustment. Within [30] days of the Distribution Date, Marketing shall prepare a combining balance sheet of the Marketing Group showing the Marketing Initial Net Working Capital and the Marketing Adjustment Amount. If the

Appears in 3 contracts

Sources: Reorganization and Distribution Agreement (Getty Petroleum Corp), Reorganization and Distribution Agreement (Getty Petroleum Marketing Inc), Reorganization and Distribution Agreement (Getty Petroleum Marketing Inc)

Post-Distribution Adjustment. Within [30] days of the Distribution Date, Marketing shall prepare a combining balance sheet of the Marketing Group showing the Marketing Initial Net Working Capital and the Marketing Adjustment Amount. If thethe Marketing Adjustment Amount exceeds zero, Getty shall promptly pay to Marketing such Marketing Adjustment Amount. If the Marketing Adjustment Amount is less than zero, Marketing shall promptly pay to Getty such Marketing Adjustment Amount.

Appears in 1 contract

Sources: Reorganization and Distribution Agreement (Getty Realty Corp /Md/)