CASH TO SELLERS Sample Clauses

CASH TO SELLERS. At the Closing, Buyer shall deliver to Sellers the sum of (i) Sixteen Million Dollars ($16,000,000), plus (ii) the Note described in Section 3.2(c)., (iii) minus the amount by which the Net Working Capital reflected on the Estimated Closing Balance Sheet (as defined in Section 3.3(b) is less than zero (the “Cash Consideration”). In the event that the Net Working Capital is less than $0, such shortfall shall cause a dollar for dollar reduction in the amount of the Note (as defined below).
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CASH TO SELLERS. At the Closing, Buyer shall pay in immediately available funds by wire transfer (pursuant to the instructions set forth on Schedule 2.2.1.) to Sellers the cash portion of the Purchase Price, less the Escrow Amount (as defined in Section 2.2.2.), to the separate accounts of Sellers in the following percentages: Xxxxxx X. Xxxxxxx 26.72% Xxxxxx X. Cyrus 15.86% Xxxxx X. Xxxxx 15.86% Xxxxxxx X. Xxxxxx 15.86% Xxxxxx X. Xxxxxxx, Xx. 6.48% Xxxxxx X. Xxxxxxx as Custodian for xxxxx Xxxxxx Xxxxxxxxx Xxxxxxx 6.48% Xxxxxx Xxxxxxxxx 4.90% Xxxx Xxxxxx 1.96% Xxxxx Xxxxxx 1.96% Xxxxxxxx Xxxxxxxx 1.96% Xxxxxx Xxxxx 1.96%
Sample 1
CASH TO SELLERS. At the Closing, Buyer shall pay in immediately available funds by wire transfer (pursuant to the instructions set forth on Schedule 2.2.1.) to Sellers the Purchase Price, less the Escrow Amount (as defined in Section 2.2.2.), to the separate accounts of Sellers in the following amounts: Sellers Gross Escrow Net Payable ------- ----- -------- ----------- Xxxxx X. Xxxxx, Xx. $3,344,200 0 $3,344,200 Xxxxx X. Xxxxx, Xx. $3,144,200 $403,025 $2,741,175 Xxxx X. Xxxxx $3,144,200 $403,025 $2,741,175 Xxxxx Xxxxx $3,344,200 $403,025 $2,941,175 Xxx Xxx Xxxxx Xxxxx $3,144,200 $403,025 $2,741,175 Notwithstanding anything herein contained to the contrary it is agreed and understood by the parties hereto that the Escrow Amount shall be paid only by the following Sellers in the following percentages: Xxxxx X. Xxxxx, Xx. 25% Xxxx X. Xxxxx 25% Xxxxx Xxxxx 25% Xxx Xxx Xxxxx Xxxxx 25%
Sample 1
CASH TO SELLERS. The balance of the Purchase Price, adjusted as provided in Sections 1.2 and 5.8 hereof ("Cash to Sellers"), shall be paid by Purchaser to Sellers at Closing by wire transfer to an account or accounts designated by Sellers in immediately available funds, for subsequent distribution to Sellers and shall be allocated among Sellers proportionately to their holdings of Stock. Sellers shall provide the Purchaser with Sellers' wire transfer instructions no less than two (2) business days prior to the Closing Date.
Sample 1
CASH TO SELLERS. At the Closing, Buyer shall pay to Sellers Seven Hundred Twenty-Thousand Dollars (USD $720,000) in accordance with Section 3.2.3 and deliver to the Escrow Agent Eighty Thousand Dollars (USD $80,000) representing a portion of the Purchase Price Escrow Amount and the Indemnification Escrow Amount (as such terms are defined in the Purchase Price and Indemnification Escrow Agreement attached as EXHIBIT C hereto (the "PURCHASE PRICE AND INDEMNIFICATION ESCROW AGREEMENT")).
Sample 1
CASH TO SELLERS. At the Closing, Buyer shall pay in immediately available funds by wire transfer (pursuant to the instructions set forth on Schedule 2.2.1) to Sellers the Purchase Price, less the Escrow Amount (as defined in Section 2.2.2), to the separate accounts of Sellers in the following percentages: NAME Xxxx Xxxxxxx 30.0% Xxxxx Xxxxxxx 17.5% Xxxxxxx Xxxx 17.5% Xxxxx Xxxxxx 17.5% Xxxxxxx Xxxxxxx 17.5%
Sample 1
CASH TO SELLERS. Buyer shall pay to the Sellers the aggregate amount of Five Million U.S. Dollars (U.S. $5,000,000.00), allocated among the Sellers pro rata in accordance with their respective percentage ownership of the Quotas as set forth in Section 2.1 hereof.
Sample 1
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CASH TO SELLERS. On the Closing Date, Purchaser will deliver to Sellers by certified or bank check or by wire transfer the sum of (i) Four Million Nine Hundred Fifty Thousand and No/100 Dollars ($4,950,000.00), and (ii) the Sellers’ Loan Payment.
Sample 1

Related to CASH TO SELLERS

  • Deliveries by Seller at Closing At the Closing, Seller shall deliver or cause to be delivered to Buyer the following:

  • Deliveries by Buyer at Closing At the Closing, Buyer shall deliver to Seller:

  • Closing Consideration The closing consideration shall be delivered at the Closing as follows:

  • Seller Deliveries At the Closing, Seller shall deliver to Purchaser:

  • SELLERS Fenway Panther Holdings, LLC By: /s/ Xxxxxx X. Xxxxxx Name: Xxxxxx X. Xxxxxx Title: Asst. Treasurer Address: 000 X. 00xx Xxxxxx Xxx Xxxx, XX 00000 Facsimile: 000-000-0000 Telephone: 000-000-0000 Attention: Xxxxxx X. Xxxxxx Signature Page(s) to Stock Purchase Agreement Antares Capital Corporation By: /s/ Xxxxxxxx Xxxxxxxxxxxx Name: Xxxxxxxx Xxxxxxxxxxxx Title: Duly Authorized Signatory Address: 000 X. Xxxxxx Chicago, IL 60661 Facsimile: 000-000-0000 Telephone: 000-000-0000 Attention: Xxxxxxxx Xxxxxxxxxxxx Signature Page(s) to Stock Purchase Agreement /s/ Xxxxxx Xxxxx Name: Xxxxxx Xxxxx Address: 0000 XX 000xx Xxxxxxxxx, XX 00000 Facsimile: 000-000-0000 Telephone: 000-000-0000 Attention: Xxxxxx Xxxxx /s/ Xxxxxxx X. Xxxxxxxxxx Name: Xxxxxxx X. Xxxxxxxxxx Address: 00000 Xxxxxxx Xxxxx Xxxxx, Ohio 40139 Facsimile: Telephone: 000-000-0000 Attention: /s/ Xxxxxx X. Xxxxxx Name: Xxxxxx X. Xxxxxx Address: Facsimile: Telephone: Attention: CMFG Life Insurance Company f/k/a CUNA Mutual Insurance Society, successor by merger to CUNA Mutual Life Insurance Company By: /s/ Xxxxx X. Xxxxxx Name: Xxxxx X. Xxxxxx Title: Sr. Managing Director, Investments Address: Members Capital Advisors, Inc. 0000 Xxxxxxx Xxxxx Xxxx Xxxxxxx, XX 00000 Facsimile: (000) 000-0000 Telephone: (000) 000-0000 Attention: Private Placements CUMIS Insurance Society, Inc. By: /s/ Xxxxx X. Xxxxxx Name: Xxxxx X. Xxxxxx Title: Sr. Managing Director, Investments Address: Members Capital Advisors, Inc. 0000 Xxxxxxx Xxxxx Xxxx Xxxxxxx, XX 00000 Facsimile: (000) 000-0000 Telephone: (000) 000-0000 Attention: Private Placements Fast Cat Enterprises, LLC By: /s/ Xxxxxx X. Xxxxxxxxxx Name: Xxxxxx X. Xxxxxxxxxx Title: Manager Address: 0000 Xxxxxxx Xxxx Medina, OH 44256 Facsimile: Telephone: (000) 000-0000 Attention: /s/ Xxxxxx X. Xxxxx Name: Xxxxxx X. Xxxxx Address: 00000 Xxxxx Xxxxxxxx Xxxx Xxxx Xxxx, XX 00000 Facsimile: Telephone: Attention: MEMBERS Life Insurance Company By: /s/ Xxxxx X. Xxxxxx Name: Xxxxx X. Xxxxxx Title: Sr. Managing Director, Investments Address: Members Capital Advisors, Inc. 0000 Xxxxxxx Xxxxx Xxxx Xxxxxxx, XX 00000 Facsimile: (000) 000-0000 Telephone: (000) 000-0000 Attention: Private Placements /s/ Xxxxxx Xxxx Name: Xxxxxx Xxxx Address: 00000 Xxxxxxxxx Xxxx. Xxxxx 000 Xxxxxxxx, XX 00000 Facsimile: 000-000-0000 Telephone: 000-000-0000 Attention: /s/ Xxxxxx Xxxxxx Name: Xxxxxx Xxxxxx Address: 0000 Xxxxxxx Xxx Pleasanton, CA 94566 Facsimile: 000-000-0000 Telephone: 000-000-0000 Attention: Xxxxxx Xxxxxx

  • At Closing Buyer shall deliver to Seller the following:

  • Seller’s Deliveries at Closing At the Closing, Seller will deliver or cause to be delivered to Buyer:

  • Closing Deliveries by Seller At the Closing, Seller shall deliver or cause to be delivered to Purchaser:

  • Closing Deliveries by Buyer At the Closing, Buyer shall deliver or cause to be delivered to Seller:

  • Seller Closing Deliveries No later than 1 Business Day prior to the Closing Date, Seller shall deliver to Escrow Agent, each of the following items:

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