Additional Closing Payment Sample Clauses
The Additional Closing Payment clause defines an extra payment that must be made at the time of closing a transaction, beyond the standard purchase price or initial payment. This clause typically specifies the amount, timing, and conditions under which the additional payment is due, such as adjustments for working capital, inventory, or other post-signing considerations. Its core function is to ensure that any final financial adjustments or obligations are settled at closing, thereby addressing potential discrepancies and ensuring both parties are compensated fairly based on the final terms of the deal.
Additional Closing Payment. At an Additional Closing, against delivery of all of the deliverables by the Company as contemplated under Section 3.4(e), the Investor shall pay the Company or cause to be paid to the Company the applicable Additional Closing Subscription Price by wire transfer of immediately available funds to the Company’s bank account provided by the Company in writing prior to the Additional Closing.
Additional Closing Payment. On the Closing Date, Purchaser shall pay to Seller in immediately available funds an amount (the “Additional Closing Payment”) equal to the sum of the following:
(a) one hundred seventy-five thousand dollars ($175,000.00), as set forth in Exhibit 3.4 (Transition Services);
(b) five million dollars ($5,000,000.00) as compensation for the costs incurred by Seller, including but not limited to handling, packaging, shipping, warehousing, billing and management costs.
Additional Closing Payment. At Closing, Buyer will (or will cause its applicable designated Affiliates to) pay to Sellers an additional amount of USD$12,500,000 (the “Additional Closing Payment”), by wire transfer of immediately available funds to an account that ADM designates in writing, which payment will be made pursuant to the Settlement Agreement.
Additional Closing Payment. If the Closing occurs after June 30, 2019 and, on the Closing Date, both (a) the Consolidated Net Book Value as shown on the Estimated Closing Date Balance Sheet, as certified by Parent pursuant to the Parent Closing Certificate (the “Closing Date Net Book Value”), is greater than Forty-Two Million and No/Dollars ($42,000,000) (the “Net Book Value Target”), and (b) the Closing Surplus as shown on the Estimated Closing Date Balance Sheet, as certified by Parent pursuant to the Parent Closing Certificate (the “Closing Date Surplus Amount”), after taking into account the amount of the full repayment of all Surplus Notes in effect at Closing, is greater than Twenty-Nine Million and No/Dollars ($29,000,000) (the “Closing Surplus Target”), then Purchaser shall make an additional payment to Parent on the Closing Date (the “Additional Payment”) as an increase to the Purchase Price in an amount equal to the lower of (i) the amount by which the Closing Date Net Book Value exceeds the Net Book Value Target and (ii) the amount by which the Closing Date Surplus Amount exceeds the Closing Surplus Target; provided that the Additional Payment shall be required to be made by Purchaser only if Parent is not able, due to regulatory restrictions, to cause the applicable Companies to distribute to Parent on the Closing Date an aggregate amount equal to the Additional Payment.
Additional Closing Payment. In consideration of -------------------------- Harriscope agreeing that the Closing Date shall occur on May 31, 2001, on or before May 16, 2001, Purchaser shall make an additional payment in the amount of $320,000 to Harriscope in addition to (i.e., not applicable against) the Purchase Price. If the Closing Date has been extended by Purchaser to a date subsequent to May 31, 2001 but on or before June 14, 2001 pursuant to Section 2.3 hereof, on the Closing Date, on each business day occurring after May 31, 2001 that the Closing is postponed by Purchaser up to and including the Closing Date, Purchaser shall make an additional payment to Harriscope in the amount of $32,000 in addition to (i.e., not applicable against) the Purchase Price."
Additional Closing Payment. The Agreement is hereby -------------------------- amended by adding, immediately after Section 2.8 of the Agreement, a new Section 2.9, to read in its entirety as follows:
Additional Closing Payment. If the Closing occurs after June 30, 2019 and, on the Closing Date, both (a) the Consolidated Net Book Value as shown on the Estimated Closing Date Balance Sheet, as certified by Parent pursuant to the Parent Closing Certificate (the “Closing Date Net Book Value”), is greater than Forty-Two Million and No/Dollars ($42,000,000) (the “Net Book Value Target”), and (b) the Closing Surplus as shown on the Estimated Closing Date Balance Sheet, as certified by Parent pursuant to the Parent Closing Certificate (the “Closing Date Surplus Amount”), -65-