Cash Payment at Closing. Buyer shall deliver the sum of Two Million Four Hundred Thousand Dollars ($2,400,000.00) to Seller at the Closing of the subject transaction.
Cash Payment at Closing. At the Closing, the Buyer shall pay to the Seller Sixty Thousand Dollars ($60,000) by certified check or wire transfer in immediately available funds (the “Cash Portion”), subject to adjustment as provided in Section 1.04 below;
Cash Payment at Closing. Upon Closing of the transaction, GEC and the Tribe shall pay the Purchase Price, subject to application of the deposit, and any adjustments for expenses and prorations provided herein (“Cash Payment”).
Cash Payment at Closing. Buyer shall deliver to Seller at Closing by wire transfer or other immediately available Federal funds, under instructions to be given by Seller to Buyer at least one day before the Closing, the sum of (i) Four Hundred Thousand and no/100 Dollars ($400,000.00) (the "Cash Portion") plus or minus the prorations and adjustments described in Article 5 hereof. $25,000 of this cash payment at Closing will be attributed to consideration for Sellers' covenants not to compete with Buyer.
Cash Payment at Closing. Subject to any offset pursuant to paragraph (b) above, on the date of closing the Purchaser shall pay to the Transferring Holder an amount of cash equal to 25% of the Final Price of the Affected Interest. The remaining amount owing shall be paid to the Transferring Holder annually in three (3) equal installments together with interest at a rate equal to the applicable Federal rate in effect under Code section 1274(d) as of the closing date, commencing on the first anniversary of the closing date.
Cash Payment at Closing. Buyer shall deliver the sum of TWO MILLION FIVE HUNDRED THOUSAND DOLLARS ($2,500,000.00) to Seller at the Closing of the subject transaction.
Cash Payment at Closing. Subject to the adjustments under Paragraph 15 of this Contract, the balance of the Purchase Price shall be paid to Seller in good funds at the Closing by cashier’s check or wired funds, which, in either case, will allow the Title Company to disburse those funds to Seller at the Closing.
Cash Payment at Closing. Buyer shall pay to Seller at Closing the balance of the Purchase Price: Thirty-Six Million, Five Hundred Thousand Dollars ($36,500,000.00), subject to adjustment as provided for in Section 2.4.4 below. Payment shall be made by wire transfer of immediately available funds.
Cash Payment at Closing. Executive shall be entitled to a lump sum cash payment pursuant to the termination of the Executive's Employment Agreement with Company Bank. For purposes of Executive's Employment Agreement with the Company Bank, Executive shall be deemed to have terminated after a Change in Control and shall receive the payments and benefits determined under Section 5(vii) of the Executive's Employment Agreement with the Company Bank. The Executive shall receive the Executive's base salary payments through the Effective Time of the Merger (and thereafter to the extent and for so long as she remains employed by Acquiror or Acquiror Bank), and shall receive a pro rata payment under the Company Bank's Management Incentive Plan for the year of the Merger. Executive will also be entitled to receive a payout, as of the date on which her employment actually terminates, of any accrued paid time off. The amount to be paid to Executive, at the Effective Time, under Section 5(vii)(A) of her Employment Agreement, shall be equal to the lesser of (i) the amount determined under said Section 5(vii)(A) or (ii) the amount determined under Section 6 of her Employment Agreement. The amount determined under Section 6 of the Executive's Employment Agreement will be determined prior to the Effective Time by the Company's accountants with the concurrence of the Acquiror, in the manner specified therein. Based upon the information provided by the Company to the Acquiror and calculations performed by the Company's accountants, and subject to verification of the correctness of such information and calculations and to concurrence by the Acquiror in the methodology of calculations relating to IRC ss.280G, it is current expected that the amount of this cash payment will be approximately $316,579. Such estimate is based on, among other things, the assumptions that the present value, for IRC ss.280G purposes, of Executive's extended welfare benefits will be approximately $31,810, for 401(k) contributions will be $0, and for the acceleration of options held by the Executive will be approximately $6,421. The amount of the payment will change if and to the extent that any of such amounts ultimately change. It is also understood that the calculations by which these amounts are derived are dependent in part upon the date on which the Effective Time occurs and on the value of the Company's stock at that time. Acquiror acknowledges that the value of the extended welfare benefits will be calculated over a 36 ...
Cash Payment at Closing. On or before the Closing, Buyer agrees to deposit in escrow the balance of the Purchase Price by wire transfer of immediately available funds to the account of Escrow Agent.
