Common use of Closing Date Payment Clause in Contracts

Closing Date Payment. On the Closing Date, Buyer shall pay to Seller, in immediately available funds by wire transfer to an account designated by Seller, (i) an amount equal to the Purchase Price, minus a credit for Seller’s estimated share of any Real and Personal Property Taxes payable in accordance with Section 11.2 and (ii) plus the amount then due as consideration for the Purchased Inventories in accordance with the Purchased Inventories Sale Agreement (the “Closing Date Payment”).

Appears in 2 contracts

Samples: Purchase Agreement, Purchase Agreement (PBF Logistics LP)

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Closing Date Payment. On the Closing Date, Buyer shall pay to Seller (or Seller’s designee), in immediately available funds by wire transfer to an account designated by Seller, (i) an amount equal to the Purchase Price, Price minus a credit for Seller’s estimated share of any Real and Personal Property Taxes payable in accordance with Section 11.2 and (ii) plus the amount then due as consideration for of the Purchased Inventories in accordance with the Purchased Inventories Sale Agreement Deposit (the “Closing Date Payment”).

Appears in 1 contract

Samples: Purchase Agreement (Buckeye Partners, L.P.)

Closing Date Payment. On the Closing Date, Buyer shall pay to Seller (or Seller’s designee), in immediately available funds by wire transfer to an account designated by Seller, (i) an amount equal to the Purchase Price, minus a credit for Seller’s estimated share of any Real and Personal Property Taxes payable in accordance with Section 11.2 and (ii) plus the amount then due as consideration for the Purchased Inventories in accordance with the Purchased Inventories Sale Agreement (the “Closing Date Payment”).to:

Appears in 1 contract

Samples: Share Purchase and Sale Agreement (Pacific Energy Partners Lp)

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Closing Date Payment. On At the Closing DateClosing, Buyer shall pay to Seller, in immediately available funds Seller by wire transfer of immediately available funds, to an account the account(s) designated by Seller, the Aggregate Cash Consideration. Other than the Assumed Liabilities, Buyer shall have no obligation to pay or otherwise satisfy any Claim (ias defined in the Bankruptcy Code) an amount equal to of creditors (including, without limitation, mechanics, suppliers and material men) against Seller or the Purchase Price, minus a credit for Property or any affiliate of Seller’s estimated share of any Real and Personal Property Taxes payable in accordance with Section 11.2 and (ii) plus the amount then due as consideration for the Purchased Inventories in accordance with the Purchased Inventories Sale Agreement (the “Closing Date Payment”).

Appears in 1 contract

Samples: Nondisclosure Agreement (International Fight League, Inc.)

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