First Closing Payment Clause Samples

First Closing Payment. At the First Closing, (i) CES shall pay to WWT Five Hundred Thousand Dollars ($500,000) for the Transferred Equipment, in the form of a certified bank check or by wire transfer, and (ii) title to the Transferred Equipment shall vest in CES.

First Closing Payment. (a) The amount of the Purchase Price which shall be due at the First Closing shall be an amount computed as follows (the "First Closing Purchase Price"): (i) An amount equal to twelve percent (12%) of the Deposit Liabilities assumed by Purchaser at the First Closing; PLUS (ii) The aggregate of the Real Property Purchase Prices for all of the Real Property transferred to Purchaser at the First Closing; PLUS (iii) The aggregate Net Book Value of the Fixed Assets transferred to Purchaser at the First Closing, calculated as of the close of business on the First Closing Date; PLUS (iv) The First Closing Loan Value of the Loans transferred to Purchaser at the First Closing, calculated as of the close of business on the First Closing Date; PLUS (v) The aggregate of the unpaid principal balance of the Advance Lines and the Negative Deposits transferred to Purchaser at the First Closing, calculated as of the close of business on the First Closing Date; PLUS (vi) The aggregate Net Book Value of the ATMs transferred to Purchaser at the First Closing, calculated as of the close of business on the First Closing Date; PLUS (vii) The aggregate Net Book Value of the CRA Equity Holdings transferred to Purchaser at the First Closing, calculated as of the close of business on the First Closing Date; PLUS (viii) The aggregate Net Book Value of the CAF Assets transferred to the Purchaser at the First Closing, other than the CAF Loans, calculated as of the close of business on the First Closing Date; PLUS (ix) The aggregate Net Book Value of the Floor Plan Assets transferred to Purchaser at the First Closing, other than the Floor Plan Loans, calculated as of the close of business on the First Closing Date; Plus (x) The Fair Market Value of the BBNA Precious Metals (exclusive of such BBNA Precious Metals already included in the Loan Value of a particular Loan under Section 3.3(a)(iv) hereof) transferred to Purchaser at the First Closing, calculated as of the close of business on the First Closing Date; plus (xi) The aggregate amount of Cash transferred to Purchaser at the First Closing; PLUS (i) The First Closing Swap Portfolio Adjustment, if such adjustment is a positive number or (ii) if the First Closing Swap Portfolio Adjustment is a negative number MINUS the absolute value of the First Closing Swap Portfolio Adjustment; minus (xiii) The First Closing Loan Sale Adjustment. (b) On or prior to the second (2nd) Business Day immediately preceding the First Closing Date, Sellers ...

First Closing Payment. At the First Sale Closing, Buyer shall pay to Seller $2 billion by wire transfer of immediately available funds to an account designated by Seller at least two Business Days prior to such date. Ten days following the First Sale Closing, Buyer shall deliver to Seller a certificate of Buyer’s Chief Financial Officer or one of his or her direct reports certifying to the amount of Available Cash From Operations as of the First Sale Closing Date.

First Closing Payment. Purchaser shall deliver the First Closing Payment to Seller by wire transfer of immediately available funds under Section 3.4(b).