Payment of Purchase Price Balance. Subject to the terms of this Agreement, on the Closing Date for each Aircraft or for the Final Spares Package, Seller shall pay to Buyer an amount equal to the Purchase Price for such Aircraft or Spares Package less the amount of the applicable Aircraft Deposit. For the avoidance of doubt, no deposit is applicable to the Final Spares Package.
Payment of Purchase Price Balance. On the “Final Closing Date” (as defined below), and subject to paragraph 4 below, Acquirer shall pay an aggregate of US$40,439,592 to the Sellers via wire transfer of immediately available funds in U.S. dollars to one or more accounts to be designated by the Sellers by notice to the Acquirer (which notice shall be delivered not later than five (5) days prior to the Final Closing Date) against delivery by the Sellers of the remaining 6,739,932 Ordinary Shares of the Sellers required to be delivered to Acquirer pursuant to the Agreement. Such payments shall be made to the following Sellers and in the following amounts:
Payment of Purchase Price Balance. On each Payment Date in respect of a Monthly Period for each item of Equipment which is a full calendar month, the Purchaser shall pay to Seller, an amount that equals the product of (i) the Purchase Price Balance for such Equipment and (ii) the factor set forth as the payment factor in Schedule I hereto opposite such Monthly Period. On each Payment Date in respect of a Monthly Period for each item of Equipment which is not a full calendar month, the Purchaser shall pay to Seller, an amount that equals (x) the product of (i) the Purchase Price Balance for such Equipment and (ii) the factor set forth as the payment factor in Schedule I hereto opposite such Monthly Period divided by thirty (30), multiplied by (y) the number of calendar days in such Monthly Period. In addition, on the Maturity Date, the Purchaser shall pay the greater of (x) one United States dollar and (y) the outstanding Purchase Price Balance in respect of such Equipment together with any other amounts due in respect of such Equipment hereunder.
Payment of Purchase Price Balance. Provided that (i) Seller has deposited all of the items required by this Section 5.5 no later than two (2) business days prior to the Closing Date, (ii) all conditions precedent set forth in this Agreement have been satisfied or waived, and (iii) the Title Company has confirmed to Buyer in writing that it is in receipt of all items required to be deposited by Seller and is unconditionally prepared to issue the Title Policy (defined below) to Buyer upon consummation of the Closing subject only to the Permitted Exceptions, and payment of the applicable policy premium, Buyer shall deposit with Escrow Agent the Purchase Price for the applicable Phase less the Deposit already in Escrow and adjusted by Buyer’s share of prorations and Closing costs pursuant to Sections 5.8 and 5.9 below, together with the other adjustments provided for under this Agreement.
