Common use of Cash Purchase Clause in Contracts

Cash Purchase. In exchange for Sixty-Two and One-Half Percent (62.5%) of the issued and outstanding member interests of NVPR existing as of the Closing Date (as defined below) (the “First Target Interests”), CMC shall pay the Selling Members an amount of cash equal to Two Million Two Hundred Fifty Thousand U.S. Dollars (US$2,250,000) as stated on Schedule A on the Closing Date (the “Cash Purchase Price”).