Buyer Payments. Merchant agrees that AmeriFirst has the sole right to receive payments on any Contract purchased by AmeriFirst. Unless specifically authorized in writing by AmeriFirst, Merchant agrees not to make any collections on any Contract and to hold in trust for AmeriFirst any payment received by Merchant with respect to any Contract and to deliver such payment to AmeriFirst together with the Buyer's name, Account Number, and any correspondence accompanying the payment within five (5) days of receipt by Merchant. Merchant agrees that Merchant shall be deemed to have endorsed in AmeriFirst's favor any Buyer payments by check, money order, or other instrument made payable to Merchant that a Buyer presents to AmeriFirst, and Merchant hereby authorizes AmeriFirst to supply such necessary endorsements on behalf of Merchant.
Buyer Payments. (i) If this Agreement is terminated by the Company prior to the Closing Time pursuant to Section 7.1(c), the Buyer shall promptly, but in any event no later than one day after the date requested by the Company, pay the Company a fee equal to all of the Company's fees and expenses, including, without limitation, costs of internal, legal, accounting and similar professional services incurred in connection with this Agreement and the transactions contemplated herein, in immediately available funds; PROVIDED, HOWEVER, that the maximum amount payable by the Buyer to the Company under this Section 7.3(c)(i) shall be $2,000,000.00.
Buyer Payments. (a) Buyer will pay the Development Payment to Seller upon the execution of this Agreement.
Buyer Payments. [For Projects where SDG&
Buyer Payments. Buyer shall pay Seller, on the date payment would otherwise be due in respect of the month in which any such Economic Dispatch Down occurred an amount equal to the positive difference, if any, of (Y) the product of the Energy Price, times, minus (Z) the product of the positive value of the Sales Price, if received, times the amount of Deemed Bundled Green Energy resulting from such Economic Dispatch Down.
Buyer Payments. Dealer will not accept any payments from Buyers related to Documents which have been accepted for funding by FFC. If Dealer receives payment from any Buyer, it will forward said payments to FFC within 3 business days of receiving the payment.
Buyer Payments. Buyer shall pay Seller the amount of One Million Seventy-Five Thousand dollars ($1,075,000.00) (the “Purchase Price”) by (a) depositing $10,000.00 (the “Deposit”) with Southern Utah Title Company, attention: Xxxx Xxxxxxxx, 00 Xxxxx Xxxx Xx., Xxxxx 000, Xx. Xxxxxx, UT 84770, Phone No.: (000) 000-0000, Email: xxxx@xxxx.xxx (“Escrow Agent”) immediately upon execution hereof, and (b) depositing the Purchase Price, less the Deposit, in cash or otherwise immediately available funds, with Escrow Agent on or before June 28, 2019, (the “Close of Escrow Deadline”). The Deposit shall be applied to the Purchase Price.
Buyer Payments. On and after the Closing Date, Buyer shall pay up to (i) $4,000,000 to the Transferred Employees for bonus payments and for obtaining an enforceable general release upon Closing, (ii) $2,200,000 for severance payments, (iii) $395,000 to Franx Xxxxx, Xxse Xxxxx, Xxn Xxxx xxx Debbxx Xxxxxxxx xxx bonus payments, (v) $749,000 to Franx Xxxxx xx lieu of granting stock options to Franx Xxxxx, (xi) $2,500,000 for the fees and expenses of the financial advisor for Seller, (vii) $500,000 for the finders fee for the Key Employees and (viii) $200,000 as payments to certain Transferred Employees with economic stress which result from their assignment to Buyer to reduce the economic stress of these employees. Buyer shall reimburse Seller for the following payments to be made by Seller: (i) $195,000 for bonus payments to Kevix Xxxxxxxx xxx Ed Mxxxxxx, xxd (ii) $798,000 to Kevix Xxxxxxxx xxx Ed Mxxxxxx xx lieu of granting stock options to these employees, plus any employer payroll taxes incurred by Seller in connection with such payments.
Buyer Payments. Xxxxxxxx agrees that AmeriFirst has the sole right to receive payments on any Contract purchased by AmeriFirst. Unless specifically authorized in writing by XxxxxXxxxx, Xxxxxxxx agrees not to make any collections on any Contract and to hold in trust for AmeriFirst any payment received by Merchant with respect to any Contract and to deliver such payment to AmeriFirst together with the Buyer's name, Account Number, and any correspondence accompanying the payment within five (5) days of receipt by Xxxxxxxx. Xxxxxxxx agrees that Merchant shall be deemed to have endorsed in AmeriFirst's favor any Buyer payments by check, money order, or other instrument made payable to Merchant that a Buyer presents to AmeriFirst, and Merchant hereby authorizes AmeriFirst to supply such necessary endorsements on behalf of Merchant.
Buyer Payments. At the Closing, Buyer shall pay, deposit or deliver the following amounts by wire transfer of immediately available funds to the accounts previously specified by the Company at least three (3) Business Days prior to the Closing Date:
