{"component": "clause", "props": {"groups": [{"snippet": "At the Closing, Buyer will pay or cause to be paid to Seller the Closing Payment Amount, by wire transfer of immediately available funds or by such other means as may be agreed upon by Seller and Buyer.", "snippet_links": [{"key": "at-the-closing", "type": "definition", "offset": [0, 14]}, {"key": "buyer-will-pay", "type": "clause", "offset": [16, 30]}, {"key": "to-seller", "type": "clause", "offset": [51, 60]}, {"key": "closing-payment-amount", "type": "clause", "offset": [65, 87]}, {"key": "transfer-of", "type": "definition", "offset": [97, 108]}, {"key": "immediately-available-funds", "type": "definition", "offset": [109, 136]}, {"key": "seller-and-buyer", "type": "definition", "offset": [185, 201]}], "size": 19, "samples": [{"hash": "6wguqTXzZGJ", "uri": "/contracts/6wguqTXzZGJ#closing-payment", "label": "Asset Purchase Agreement (Centerpoint Energy Resources Corp)", "score": 32.3429145813, "published": true}, {"hash": 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"Purchaser shall have delivered the Closing Payment to Seller in the manner specified in Section 1.2.", "snippet_links": [{"key": "closing-payment-to-seller", "type": "clause", "offset": [35, 60]}], "size": 13, "samples": [{"hash": "fn1TbrWj07l", "uri": "/contracts/fn1TbrWj07l#closing-payment", "label": "Acquisition Agreement (Collins & Aikman Corp)", "score": 18.0, "published": true}, {"hash": "ehcKzgGIPv7", "uri": "/contracts/ehcKzgGIPv7#closing-payment", "label": "Acquisition Agreement (Collins & Aikman Corp)", "score": 18.0, "published": true}, {"hash": "3suv7ykhbjB", "uri": "/contracts/3suv7ykhbjB#closing-payment", "label": "Acquisition Agreement (Imperial Home Decor Group Holdings I LTD)", "score": 18.0, "published": true}], "hash": "a5e5cac84765094a541897b3c16af185", "id": 4}, {"snippet": "(a) At the Closing and subject to the terms and conditions contained in this Agreement, the Purchaser shall pay to the Sellers, by delivery of immediately available funds, an amount equal to (such resulting amount, the \u201cClosing Payment\u201d):\n(i) $85,000,000.00, plus\n(ii) the Incremental Tax Benefit Amount, plus\n(iii) an amount equal to the Company Cash, if a positive number (as set forth in the Estimated Closing Statement), plus\n(iv) the amount, if any, by which the Closing Net Working Capital set forth in the Estimated Closing Statement is greater than the Target Net Working Capital, minus\n(v) the sum of (A) the Closing Indebtedness (as set forth in the Estimated Closing Statement), plus (B) if Company Cash is a negative number, an amount equal to the absolute value of the Company Cash (as set forth in the Estimated Closing Statement), plus (C) the amount, if any, by which the Target Net Working Capital is greater than the Closing Net Working Capital set forth in the Estimated Closing Statement, plus (D) the amount of the Seller Transaction Expenses (as set forth in the Estimated Closing Statement); provided that, to the extent any item is taken into account in the calculation of any one component of the calculation set forth in this Section 1.2(a), such item shall not be included in the calculation of any other component of the Closing Payment.\n(b) The Closing Payment, as adjusted pursuant to Section 1.8, is referred to herein as the \u201cPurchase Price.\u201d\n(c) Attached hereto as Schedule 1.2(c) is a statement (the \u201cEstimated Closing Statement\u201d) setting forth the Sellers\u2019 Representative\u2019s estimate of (i) the Closing Net Working Capital, calculated in good faith and using the Agreed Accounting Policies prepared and calculated in a manner consistent with Exhibit A, and (ii) the Closing Payment (including, for the avoidance of doubt, the Company Cash, the Closing Indebtedness and the Seller Transaction Expenses).", "snippet_links": [{"key": "at-the-closing", "type": "definition", "offset": [4, 18]}, {"key": "the-terms-and-conditions", "type": "definition", "offset": [34, 58]}, {"key": "in-this-agreement", "type": 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"clause", "offset": [1828, 1854]}], "size": 9, "samples": [{"hash": "l03kpRyIltB", "uri": "/contracts/l03kpRyIltB#closing-payment", "label": "Membership Interest and Stock Purchase Agreement (Oxford Industries Inc)", "score": 27.2997951508, "published": true}], "hash": "4e2d6cef82f6419439ad9a1780b915ed", "id": 9}, {"snippet": "The balance of the Purchase Price, as adjusted by the application of the Escrow Deposit and by the prorations and credits specified herein, shall be paid in cash on the Closing Date (the amount to be paid under this subparagraph B being herein called the \"Closing Payment\").", "snippet_links": [{"key": "balance-of-the-purchase-price", "type": "definition", "offset": [4, 33]}, {"key": "as-adjusted", "type": "definition", "offset": [35, 46]}, {"key": "the-escrow-deposit", "type": "clause", "offset": [69, 87]}, {"key": "prorations-and-credits", "type": "clause", "offset": [99, 121]}, {"key": "the-closing-date", "type": "clause", "offset": [165, 181]}, {"key": "amount-to-be-paid", "type": "clause", "offset": [187, 204]}], "size": 12, "samples": [{"hash": "ipIYvxjVXcX", "uri": "/contracts/ipIYvxjVXcX#closing-payment", "label": "Purchase Agreement (JMB Income Properties LTD Xii)", "score": 18.0, "published": true}, {"hash": "dj977sWioEi", "uri": "/contracts/dj977sWioEi#closing-payment", "label": "Purchase Agreement (Carlyle Real Estate LTD Partnership Xiii)", "score": 18.0, "published": true}, {"hash": "9eHmEEr89uD", "uri": "/contracts/9eHmEEr89uD#closing-payment", "label": "Purchase Agreement (Carlyle Income Plus LTD)", "score": 18.0, "published": true}], "hash": "383df116f80414574add23580fbde755", "id": 5}, {"snippet": "(A) During the Interim Period and at least 5 Business Days prior to the Closing, Oronite and the Local Sellers\u2019 Representative shall jointly prepare and deliver the Closing Statement which shall be subject to Buyer\u2019s approval, and the Parties shall resolve any issues related to or arising out of the calculation of the Closing Payment in accordance with Exhibit C.\n(B) At the Closing, Buyer shall make, or cause to be made, the following payments (collectively, the \u201cClosing Payment\u201d):\n(1) to U.S. Bank National Association, as escrow agent (the \u201cPurchase Price Adjustment Escrow Agent\u201d), the sum of US$5,000,000 (the \u201cPurchase Price Adjustment Escrow Amount\u201d), which shall be deposited in an escrow account to be known as the \u201cPurchase Price Adjustment Escrow Account\u201d and established and funded pursuant to the terms of that certain Escrow Agreement, dated as of the Closing Date, by and among Buyer, Oronite, the Local Sellers\u2019 Representative and the Purchase Price Adjustment Escrow Agent, substantially in the form and on terms and conditions as set forth in Exhibit J (the \u201cPurchase Price Adjustment Escrow Agreement\u201d). The Purchase Price Adjustment Escrow Amount shall be utilized to fund any obligations of Sellers pursuant to any adjustment to the Estimated Purchase Price pursuant to Section 2.3 (and any amounts not so utilized will be released to Oronite and the Local Sellers\u2019 Trustee as provided herein), and will be held by the Purchase Price Adjustment Escrow Agent in escrow subject to the terms and conditions of the Purchase Price Adjustment Escrow Agreement and this Agreement. All fees charged by the Purchase Price Adjustment Escrow Agent in connection with the Purchase Price Adjustment Escrow Account will be borne 50% by Buyer and 50% by the Sellers;\n(2) to U.S. Bank National Association, as escrow agent (the \u201cLocal Sellers\u2019 Escrow Agent\u201d), the sum equal to the Local Sellers\u2019 Percentage of US$9,000,000 (the \u201cLocal Sellers\u2019 Indemnification Escrow Amount\u201d), which shall be deposited in an escrow account to be known as the \u201cLocal Sellers\u2019 Indemnification Escrow Account\u201d and established and funded pursuant to the terms of that certain Escrow Agreement, dated as of the Closing Date, by and among Buyer, the Local Sellers\u2019 Representative and the Local Sellers\u2019 Escrow Agent, substantially in the form and on terms and conditions as set forth in Exhibit K (the \u201cLocal Sellers\u2019 Escrow Agreement\u201d). The Local Sellers\u2019 Indemnification Escrow Amount shall serve as additional security for any adjustment to the Estimated Purchase Price pursuant to Section 2.3, shall serve as security for the Local Sellers\u2019 obligations to indemnify Buyer for any other Losses pursuant to this Agreement (and if any funds shall remain undisbursed from the Local Sellers\u2019 Indemnification Escrow Account after the satisfaction of all of the foregoing obligations, such remaining funds shall be applied by the Local Sellers\u2019 Escrow Agent to pay the fees and expenses of any legal, financial advisory and accounting firms and any other service providers that render services to the Local Sellers in connection with the negotiation, execution and performance of this Agreement and the transactions contemplated hereby), and will be held by the Local Sellers\u2019 Escrow Agent in escrow subject to the terms and conditions of the Local Sellers\u2019 Escrow Agreement and this Agreement. All fees charged by the Local Sellers\u2019 Escrow Agent in connection with the Local Sellers\u2019 Indemnification Escrow Account will be borne will be borne 50% by Buyer and 50% by the Local Sellers;\n(3) to U.S. Bank National Association, as escrow agent (the \u201cOronite Escrow Agent\u201d), the sum equal to the Oronite Percentage of US$9,000,000 (the \u201cOronite Indemnification Escrow Amount\u201d), which shall be deposited in an escrow account to be known as the \u201cOronite Indemnification Escrow Account\u201d and established and funded pursuant to the terms of that certain Escrow Agreement, dated as of the Closing Date, by and among Buyer, Oronite and the Oronite Escrow Agent, substantially in the form and on terms and conditions as set forth in Exhibit L (the \u201cOronite Escrow Agreement\u201d). The Oronite Indemnification Escrow Amount shall serve as additional security for any adjustment to the Estimated Purchase Price pursuant to Section 2.3 and shall serve as security for Oronite\u2019s obligations to indemnify Buyer for any other Losses pursuant to this Agreement, and will be held by the Oronite Escrow Agent in escrow subject to the terms and conditions of the Oronite Escrow Agreement and this Agreement. All fees charged by the Oronite Escrow Agent in connection with the Oronite Indemnification Escrow Account will be borne 50% by Buyer and 50% by Oronite;\n(4) to Oronite, an amount equal to the Oronite Percentage of the Estimated Purchase Price minus the Oronite Percentage of the amount of the Purchase Price Adjustment Escrow Amount minus the Oronite Indemnification Escrow Amount and minus withholding Taxes, if any, as required by applicable Laws; and\n(5) to the Local Sellers\u2019 Trustee (for further distribution to the Local Sellers in accordance with their respective Local Seller Pro Rata Shares), an amount equal to the Local Sellers\u2019 Percentage of the Estimated Purchase Price minus the Local Sellers\u2019 Percentage of the amount of the Purchase Price Adjustment Escrow Amount minus the Local Sellers\u2019 Indemnification Escrow Amount and minus withholding Taxes, if any, as required by applicable Laws.", "snippet_links": [{"key": "during-the-interim-period", "type": 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