Common use of Amount and Payment Clause in Contracts

Amount and Payment. The amount to be paid by WEDGE to PDM pursuant to Section 1.01 above (the "Funded Amount") shall be equal to $17.15 times the number of shares of CB&I Stock specified in the Funding Notice. Wedge shall pay the Funded Amount to PDM on or before the third business day next following the giving of the Funding Notice (such date of funding being referred to herein as the "Funding Date") by wire transfer, to such account as PDM shall specify in writing, of immediately available funds against PDM's transfer by deed substantially in the form of Exhibit A hereto to CB&I and surrender of legended certificates to CB&I in the manner set forth in Section 5.01(b) of the PDM Shareholders Agreement, together with all legally required instruments for transfer, evidencing the number of shares of CB&I Stock in respect of which PDM is exercising the PDM Put Right. Notwithstanding anything else herein contained, the maximum aggregate amount to be paid by WEDGE pursuant to this Agreement shall not exceed $14,999,990.