Payment of the Purchase Consideration Sample Clauses

Payment of the Purchase Consideration. In consideration of Sellers' sale, conveyance, transfer, delivery and assignment of the Facility to Buyer on the Closing Date in accordance with this Agreement, Buyer shall:
Sample 1Sample 2
Payment of the Purchase Consideration. In consideration of Sellers' sale, conveyance, transfer, delivery and assignment of the Assets and Contracts, Buyer shall on the Closing Date make a cash payment to Sellers in the amount of ** Dollars ($**), payable by wire transfer in readily available funds to First Security Bank; Salt Lake City, Utah; 18A 124 000012; for the account of Covol Technology; Acct. #0600019939 (the "Purchase Consideration").
Sample 1Sample 2
Payment of the Purchase Consideration. In consideration of Seller's sale, conveyance, transfer, delivery and assignment of the Assets and Contracts, Buyer shall (a) on the Closing Date, make a cash payment to Seller in the amount of One Million Two Hundred Fifty Thousand Dollars ($1,250,000.00), payable by wire transfer in readily available funds to First Security Bank; Salt Lake City, Utah; 18A 124 000012; for the account of Covol Technology; Acct. **; (b) on the Closing Date, make a cash payment, on behalf of Seller, to Fun Enterprises in the amount of Four Million Dollars ($4,000,000.00), payable by wire transfer in accordance with the Modification Agreement; (c) on the Closing Date and pursuant to the Modification Agreement, execute and deliver a Replacement Promissory Note made payable to the order of Fun Enterprises in the amount of Nine Hundred Forty-Five Thousand Eight Hundred Ninety-Two Dollars ($945,892.00) and bearing interest at a per annum rate of 5.5 percent; and (d) thereafter make the Performance Payments, if any, when and as provided in Section 2.7, in the form of cash payments to Seller, payable by wire transfer in readily available funds to First Security Bank; Salt Lake City, Utah; 18A 124 000012; for the account of Covol Technology; Acct. **, or pursuant to such other payment instructions delivered by written notice given by Seller to Buyer pursuant to Section 10.5 hereof at least two business days prior to the due date of any such payment (the payments described in clauses (a), (b), (c) and (d) of this Section 2.2 shall collectively be referred to herein as the "Purchase Consideration").
Sample 1
Payment of the Purchase Consideration. The Purchase Consideration will be paid by the Purchaser to the Seller on the Signature Date, against compliance by the Seller with the provisions of clause 6.1.
Sample 1
Payment of the Purchase Consideration. The Purchase Consideration shall be satisfied partly in cash and in new DNeX ordinary shares (“DNeX Shares”) to be issued upon terms to be mutually agreed.
Sample 1
Payment of the Purchase Consideration. 11.1 The Deposit and the Balance of the Purchase Consideration shall be paid as follows, an amount equal to the –
Sample 1
AutoNDA by SimpleDocs
Payment of the Purchase Consideration. The Purchaser Price shall pay to the Purchase Consideration to the Vendor upon the execution of the Shares Sale Agreement.
Sample 1
Payment of the Purchase Consideration 
Sample 1

Related to Payment of the Purchase Consideration

  • Purchase Consideration The consideration payable in connection with a purchase transaction shall be debited from the appropriate deposit account of the Portfolio as of the time and date that funds would ordinarily be required to settle the transaction in the applicable market. The Custodian shall promptly recredit the amount at the time that the Portfolio or the Fund notifies the Custodian by Proper Instruction that the transaction has been canceled.

  • Payment of the Purchase Price The Purchase Price shall be paid as follows:

  • Payment of Consideration The Purchaser shall, following receipt of the Final Order and immediately prior to the Effective Time, provide (i) the Depositary with sufficient funds to be held in escrow (the terms and conditions of such escrow to be satisfactory to the Company and the Purchaser, acting reasonably) to satisfy the aggregate Consideration payable to the Shareholders, and (ii) the Company with the Funding Loan to satisfy the required payments under the Arrangement to the holders of Options, all as provided in the Plan of Arrangement.

  • Settlement Consideration 2. In consideration of the full settlement, satisfaction, compromise and release of the Released Plaintiffs’ Claims, an aggregate $115 million in cash (the “Escrow Amount”) shall be paid on behalf of the Settling Defendants to Freeport by the D&O Carriers. The Settling Defendants shall cause the Escrow Amount to be deposited by the D&O Carriers into an interest-bearing escrow account controlled by an agreed upon representative of Plaintiffs and of the Settling Defendants (the “Escrow Account”) within fifteen (15) business days after the Stipulation is submitted to the Court. Upon the Effective Date, the Escrow Amount, together with any and all interest thereon, shall be paid to Freeport from the Escrow Account. For the avoidance of doubt, the Settling Defendants shall have no obligation to deposit any portion of the Escrow Amount into the Escrow Account but shall have an obligation to take all reasonably available steps to seek to cause the D&O Carriers to deposit the Escrow Amount into the Escrow Account.

  • Cash Purchase Price The term "Cash Purchase Price" shall have the meaning set forth in Section 2.3(a).

  • The Purchase Price If the sale of the Property is not subject to HST, Seller agrees to certify on or before (included in/in addition to) closing, that the sale of the Property is not subject to HST. Any HST on chattels, if applicable, is not included in the Purchase Price.

  • The Consideration 2.1 The Borrower agrees, as consideration for the Loan, to:

  • Payment of Purchase Price The Purchase Price shall be paid as follows:

  • Purchase Price Payment The total Purchase Price for the Property is the amount of the successful bid for the parcel at public auction.

  • Allocation of the Purchase Price (a) Within ninety (90) days after the final determination of the Final Purchase Price pursuant to Section 2.5, the Sellers will provide the Buyer with a statement (or statements) (the “Asset Acquisition Statement”) with the Sellers’ proposed allocation of the Final Purchase Price (plus any other amounts, including Assumed Liabilities, to the extent properly taken into account as consideration for applicable Tax purposes) among the Transferred Assets and, if applicable, the Ancillary Agreements and any other rights transferred hereunder or thereunder in accordance with Section 1060 of the Code (and any other applicable state, local or non-U.S. Law). The Buyer may, within thirty (30) days after receiving such Asset Acquisition Statement, propose to the Sellers in writing any changes to such Asset Acquisition Statement that are consistent with applicable Law (the “Allocation Notice of Objection”), and if the Buyer does not deliver such a Notice of Objection within such period, the Buyer shall be deemed to have accepted such proposed Asset Acquisition Statement and it shall become final and binding on the Parties. If the Buyer delivers a Notice of Objection, then the Buyer and the Sellers will endeavor in good faith to resolve any differences with respect to the Asset Acquisition Statement within thirty (30) days after the Sellers’ receipt of the Notice of Objection. If the Buyer and the Sellers are unable to resolve such differences, the matters in dispute shall be resolved by the Accounting Firm, which determination by such Accounting Firm shall be consistent with this Agreement. The fees, costs and expenses of the Accounting Firm shall be borne by the Buyer and the Sellers in inverse proportion as they may prevail on matters resolved by the Accounting Firm, which proportionate allocations also shall be determined by the Accounting Firm at the time the determination of the Accounting Firm is rendered.

Time is Money Join Law Insider Premium to draft better contracts faster.