Payment of Consideration. The Consideration shall be paid by the Purchaser on the Closing Date by way of electronic transfer to the account of the Vendor as specified by the Vendor in writing at least five (5) Business days before the Closing Date.
Appears in 3 contracts
Samples: Purchase Agreement, Purchase Agreement (Teekay Tankers Ltd.), Purchase Agreement (Teekay Tankers Ltd.)
Payment of Consideration. The Consideration shall be paid by the Purchaser on the Closing Date by way of electronic transfer of the Cash Consideration to the account of the Vendor and the delivery of the Equity Consideration to the account of the Vendor, as both accounts are specified by the Vendor in writing at least five (5) Business days before the Closing Date.
Appears in 2 contracts
Samples: Purchase Agreement, Purchase Agreement (Teekay Offshore Partners L.P.)
Payment of Consideration. The Consideration shall be paid and satisfied by the Purchaser on the Closing Date by way of electronic transfer to the account of the Vendor as specified by the Vendor in writing at least five (5) Business days Days before the Closing Date; and issuance and deliver to the Vendor of Class A shares in the capital of the Purchase in the amount of the Share Consideration on or before the Closing Date.
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Payment of Consideration. The Consideration shall be paid and satisfied by the Purchaser on the Closing Date by way of electronic transfer to the account of the Vendor as specified by the Vendor in writing at least five (5) Business days Days before the Closing Date.
Appears in 1 contract
Payment of Consideration. The Consideration shall be paid by the Purchaser on the Closing Date by way of electronic transfer to the account of the Vendor as specified by the Vendor in writing at least five (5) Business days Days before the Closing Date.
Appears in 1 contract
