Initial Cash Payment. At the Closing, upon surrender to the Buyer of certificates representing all and not less than all of the Shares, the Buyer shall pay the Seller the Initial Cash Payment. The Initial Cash Payment will be payable by means of wire transfer to an account specified in writing to the Buyer by the Seller not less than five Business Days before the Closing Date.
Initial Cash Payment. In consideration for the Purchased Assets acquired hereunder, Buyer shall pay at Closing an amount equal to One Million Nine Hundred Thousand Dollars ($1,900,000) as follows: (i) One Hundred Fifty Thousand Dollars ($150,000) (the "Escrow Funds") to the escrow agent (the "Escrow Agent") specified in the Escrow Agreement to be held in escrow to secure any indemnification obligation of Seller or Parent under Section 4; and (ii) One Million Seven Hundred Fifty Thousand Dollars ($1,750,000) to Seller, by bank wire transfer in immediately available funds to such bank account as is designated in writing by Seller.
Initial Cash Payment. Fifty-Two Million Six Hundred Fifty-Eight Thousand Dollars ($52,658,000.00) in cash; plus
Initial Cash Payment. Buyer shall have paid in cash to Builder in an Initial Cash Payment in the amount of $ 10,000.00 at the signing of the Reservation Agreement. A second deposit of $ 15,000.00 shall be paid by the Buyer AT SIGNING OF THIS CONTRACT (that shall be known as the “Deposit”) held by Xxxxxx Xxxxxxxxx Holdings, LLC to be paid as a portion of the Total Sales Price, which shall be retained by the Builder as liquidated damages if this Contract is terminated for any reason other than a Builder's Event of Default (as defined below) or Builder's Termination Right (as defined below). Builder and Buyer agree that it is not possible to calculate the exact amount of damages that Builder will suffer if this Contract is terminated for a reason other than the Builder being in default and this amount is a reasonable approximation of the damages. This amount is not intended by the parties to be a penalty in any way.
Initial Cash Payment. Subject to Section 3.4(c) below, at the Closing, upon surrender to Parent of certificates representing all and not less than all of the Cash Election Shares issued and outstanding immediately prior to the Effective Time, Parent shall pay to each PDI Shareholder an amount of cash equal to the product of (i) the number of Cash Election Shares held by such PDI Shareholder immediately prior to the Effective Time, (ii) the Cash Percentage Interest, and (iii) the Initial Cash Payment. The Initial Cash Payment will be payable by means of wire transfers to accounts specified in writing to Parent not less than five Business Days before the Closing Date.
Initial Cash Payment. Payment in the sum of $10,000.00 US shall be on or before March 19th 2001, payment of which is acknowledged as being received by CII. TERMS FOR ADDITIONAL PAYMENTS. OSWE shall pay to CII the remaining balance of $100,000.00 through the issuance of no less than 30,000 free trading shares of OSWE common stock. All shares will be issued by OSWE under a SEC Reg S-8 registration statement and shall be registered in the name of "Corporate Identities, Inc." CII agrees to comply fully with the provisions of the SEC Reg S-8, plus all other rules and regulations of the SEC with regard to acquisition and/or sale of the common stock of the OSWE, including but not limited to the restrictions of transactions and the reporting requirements which currently exist or may be promulgated from time to time in future while this Agreement or any other Agreement may be in effect between the CII and the Company. All shares issued, as outlined above will be delivered as follows: physical delivery of the 30,000 free trading shares of OSWE common stock, subject to all SEC policies and guidelines to CII are to be issued and delivered in four (4) separate certificates of 7,500 shares beginning with the first certificate delivered to CII no later than April 19th 2001 or (30) calendar days from the effective date of this contract. The second certificate in the amount of 7,500 shares will be delivered no later than May 19th 2001. The third certificate in the amount of 7,500 shares will be delivered no later than August 19th 2001. The fourth certificate in the amount of 7,500 shares will be delivered no later than November 19th 2001. Initials: CII _____ OSWE_____ Any delay in the delivery of any payments will result in suspension of performance by CII and all payments are non-refundable.
Initial Cash Payment. The Initial Cash Payment wired to the bank account(s) designated by the Company.
Initial Cash Payment. At the Closing, upon surrender to Merger Sub of certificates representing all and not less than all of the Membership Units, Merger Sub shall pay to each Equity Holder an amount of cash equal to such Equity Holder’s Pro Rata Percentage of the Initial Cash Payment. The Initial Cash Payment will be payable by means of wire transfer to accounts specified in writing to Merger Sub by Equity Holders' Representative not less than five Business Days before the Closing Date.
Initial Cash Payment. Forty Thousand Dollars ($40,000.00 and the “Initial Cash Payment”) within five (5) days of the Closing Date; and
Initial Cash Payment. At the Closing, upon surrender to Merger Sub of certificates, if any, representing all and not less than all of the DDMS Shares, Merger Sub shall pay to each Shareholder an amount of cash equal to such Shareholder’s Pro Rata Percentage of the Initial Cash Payment. The Initial Cash Payment will be payable by means of wire transfer to accounts specified in writing to Merger Sub by Shareholders’ Representative not less than five Business Days before the Closing Date.
