Payment of Cash. (a) At least twenty (20) days before the Effective Time, First Federal shall designate an exchange agent (the "Exchange Agent") in connection with the Reorganization. As soon as practicable after the Effective Time, but in no event later than ten (10) days thereafter, the Exchange Agent shall send a notice and form of letter of transmittal to each holder of record of Company Common Stock at the Effective Time advising such stockholder of the effectiveness of the Reorganization and the procedures for surrendering to the Exchange Agent outstanding certificates formerly evidencing shares of Company Common Stock. Each holder of shares of Company Common Stock who thereafter delivers his or her certificate or certificates representing such shares to the Exchange Agent shall be mailed a check for an amount, without interest, equal to the number of shares represented by the certificate or certificates so surrendered to the Exchange Agent multiplied by the Purchase Price. Upon surrender, each certificate evidencing Company Common Stock shall be canceled. Until so surrendered, each outstanding certificate which prior to the Effective Time evidenced shares of Company Common Stock will be deemed for all purposes (except as otherwise provided in Section 2.2 hereof) to evidence the right to receive cash, without interest, equal to number of shares represented by the certificate or certificates multiplied by the Purchase Price. After the Effective Time, there shall be no further registration of transfers on the records of the Company of shares of Company Common Stock and, if a certificate evidencing such shares is presented for transfer, it shall be canceled in exchange for a check (except as otherwise provided in Section 2.2 hereof) in the appropriate amount as calculated above. Notwithstanding any provision of this Agreement, neither the Exchange Agent nor any person, firm or entity shall be liable or obligated to any former holder of any share of Company Common Stock (or to anyone claiming through any such former holder) with respect to amounts to which any such holder would have been entitled as a consequence of the Reorganization, if such amounts have been paid, or are payable, to any public official pursuant to any abandoned property, escheat or similar laws.
Payment of Cash. Your Option may be exercised by payment of the option price in cash (including cash equivalents, such as check, bank draft, money order, or wire transfer to the order of the Company).
Payment of Cash. On the Closing Date and subject to the terms and conditions of this Agreement, the Purchaser shall pay to the account of the Vendors by wire transfer the full amount of the Purchase Price, as adjusted, to the trust account of the Vendors’ Solicitors.
Payment of Cash. Notwithstanding anything else herein to the contrary, the Company may withhold (or cause there to be withheld, as the case may be) from any cash amounts otherwise due or payable under or pursuant to this Agreement such federal, state and local income, employment, or other taxes as may be required to be withheld pursuant to any applicable law or regulation.
Payment of Cash. Notwithstanding anything else in this Article 12 to the contrary (including Sections 12.3 and 12.4), in the event of a Change of Control, and in each case in which Stockholders receive cash, cash equivalents or marketable securities for the sale or transfer of the Company's Voting Securities, then the holders of the Class D Preferred Stock and Class E Preferred Stock shall be paid cash upon exercise of a Put Right and shall not be issued Subordinated Put Notes in lieu of cash.
Payment of Cash. Whenever the Corporation is required to make any cash payment to the Holder hereunder (whether a upon prepayment, repayment or otherwise), such cash payment shall be made in U.S. dollars to the Holder within five business days after delivery by such Holder of a notice specifying that the Holder elects to receive such payment in cash and the method (e.g., by check, wire transfer) in which such payment should be made. If such payment is not delivered within such five business day period, the Holder shall thereafter be entitled to interest on the unpaid amount at a per annum rate equal to the lower of twenty-four percent (24%) and the highest interest rate permitted by applicable law until such amount is paid in full to the Holder.
Payment of Cash. The Buyer shall deliver to the Seller cash, by wire transfer to an account or accounts designated by the Seller at least one Business Day prior to the Closing, in an amount equal to the sum of: (i) one hundred percent (100%) of the New Vehicle Purchase Price; plus (ii) eighty percent (80%) of each of (A) the Demonstrator Purchase Price, (B) the Used Vehicle Purchase Price, (C) the Parts Purchase Price, (D) the Miscellaneous Inventories Purchase Price, (E) the Work in Progress Purchase Price, (F) the Fixtures and Equipment Purchase Price and (G) the Business and Intangibles Assets Purchase Price. As used herein, the term "BUSINESS DAY" shall mean a day other than a Saturday, Sunday or a day on which banks are required to be closed in the State of North Carolina.
Payment of Cash. If the Company elects to deliver the Cash Amount as provided in Section 3.02, then upon surrender of the Warrant Certificate in accordance with Section 3.03, the Company shall make prompt payment of the Cash Amount in same day funds to the account specified on the form of election on the reverse of or attached to the Warrant Certificate.
Payment of Cash. If the Exchange does not occur on or before the Exchange Date, the Parties will cause the Refinery Exchange Property to be appraised by an independent appraiser mutually acceptable to the Parties. The appraiser will be instructed to render an opinion as to the fair market value of the Refinery Exchange Property (the “Valuation Amount”), and such opinion will be binding on the Parties. Fertilizer Company will pay the Valuation Amount in cash to Refinery Company (the “Cash Payment”) within 30 days of receiving the appraiser’s report (the “Payment Date”). Upon making the Cash Payment, Fertilizer Company will have no further obligation to convey the Fertilizer Exchange Property to Refinery Company.
Payment of Cash. At the Closing, against delivery to the Purchaser of certificates evidencing the Purchased Shares duly endorsed (or accompanied by duly executed stock transfer powers), the Purchaser will pay, by wire transfer of immediately available funds:
