Common use of Settlement of Purchase Price Clause in Contracts

Settlement of Purchase Price. Subject to the provisions of Section 2.3(d), within forty-five (45) days after the date of receipt by the Buyer of the Statement, in the event that the Adjusted Stockholder's Equity (as defined in Section 6.2(c)) and delivered pursuant to this Section 2.3 is (i) more than $1,227,400,000, then the Buyer shall pay the difference to the Company, as an adjustment to the Purchase Price, or (ii) less than $1,227,400,000, then the Company shall pay the difference to the Buyer, as an adjustment to the Purchase Price prior to 11:00 a.m. local time in New York. All payments pursuant to this Section 2.3(c) or Section 2.3(d) ("Purchase Price Adjustment Payments") shall be made by wire transfer of immediately available funds and shall be made together with interest thereon at the Interest Rate, payable for the period commencing on the Closing Date and ending on the day immediately prior to the date of such Purchase Price Adjustment Payment.