Common use of ED Payment Clause in Contracts

ED Payment. At the Initial Closing, on behalf of the Sellers, Purchaser shall wire the ED Payment to an account of ED to be specified by ED to Purchaser at least three (3) Business Days prior to the Closing Date. In the event that the ED Payment is less than Four Million Five Hundred Thousand Dollars ($4,500,000), the Sellers shall fund any such shortfall directly to ED at the Initial Closing.

ED Payment. At the Initial Closing, on behalf of the Sellers, Purchaser shall wire the ED Payment to an account of ED to be specified in a written notice delivered by ED the Seller Representative to Purchaser at least three (3) Business Days prior to the Closing Date. In the event that the ED Payment is less than Four Twelve Million Five Hundred Thousand Dollars ($4,500,00012,000,000), the Sellers shall fund any such shortfall directly to ED at the Initial Closing.