PAYMENT UPON CLOSING Sample Clauses

PAYMENT UPON CLOSING. At the option of HNEF, all of the purchase price or an amount equal to the greater of:
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PAYMENT UPON CLOSING. The Buyer shall pay to the Seller, by cashier's check or wire transfer of immediately available funds, an amount equal to $1,500,000.00 upon Closing;
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PAYMENT UPON CLOSING. At the option of HPI, all of the purchase price or an amount equal to the greater of: .1 twenty percent (20%) of the purchase price; or .2 the amount of the actual federal income tax obligation (i.e. the required IRS cash payment) of TC owing to the Internal Revenue Service as specified on the federal income tax return for the calendar year during which the consummation of the purchase of the Partnership interest of TC occurs, as the direct result of the purchase of the Partnership interest of TC (which federal income tax obligation shall be the minimum possible tax obligation of TC taking into consideration all available elections by TC such as installment sales treatment), shall then be paid in cash. In the event that the amount of the cash payment required at closing under Section 11(d)(ii)(B).2 cannot be determined as of the date of the closing of the sale, HPI shall pay to TC the amount specified in Section 11(d)(ii)(B).1 at the closing and after a determination of the amount set forth in Section 11 (d)(ii)(B).2 has been made by TC and agreed upon by HPI, if the amount set forth in Section 11(d)(ii)(B).2 is greater than the amount paid to TC pursuant to Section 11(d)(ii)(B).1, then HPI shall pay to TC, the difference between the amount paid in cash at closing and the amount determined under Section 11(d)(ii)(B).2.
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PAYMENT UPON CLOSING. At the option of HPI, all of the purchase price or an amount equal to the greater of: .1 twenty percent (20%) of the purchase price; .2 Fifty Thousand Dollars (U.S. $50,000), not to exceed the purchase price; or .3 one hundred percent (100%) (but not to exceed the entire purchase price) of all proceeds from life insurance policies, if any, on the life of Toomy payable to the Partnership or any Partner other than TC by reason of the death of Toomy, shall then be paid in cash.
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PAYMENT UPON CLOSING. At the option of HNEF, all of the purchase price or an amount equal to the greater of: a) twenty percent (20%) of the purchase price; or b) $50,000, shall then be paid in cash.
Sample 1
PAYMENT UPON CLOSING. In connection the closing of the transactions contemplated by the Purchase Agreement, Purchaser shall instruct Deposit Escrow Agent in writing (i) to pay the Deposit Escrow Principal to the account designated by Seller pursuant to the Purchase Agreement (which account shall be specified in the instruction from Purchaser to Deposit Escrow Agent) and (ii) to pay the Deposit Escrow Interest to the account of Purchaser (or its designee) specified in the instruction. Such payments shall be made by wire transfers of immediately available funds.
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PAYMENT UPON CLOSING. On the Closing Date, Buyer will pay one hundred and twenty-five million reais (R$ 125,000,000), net of the less Redentor’s Estimated Net Indebtedness (“Payment upon Closing”);
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PAYMENT UPON CLOSING. Buyer shall make the Closing Payment to Sellers pursuant to Clause 4.1(i);
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PAYMENT UPON CLOSING. At the option of HPI, all of the purchase price or an amount equal to twenty percent (20%) of the purchase price shall then be paid in cash.
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Related to PAYMENT UPON CLOSING

  • Consideration; Closing If the consideration proposed to be paid for the Transfer Stock is in property, services or other non-cash consideration, the fair market value of the consideration shall be as determined in good faith by the Board of Directors and as set forth in the Company Notice. If the Company or any Investor cannot for any reason pay for the Transfer Stock in the same form of non-cash consideration, the Company or such Investor may pay the cash value equivalent thereof, as determined in good faith by the Board of Directors and as set forth in the Company Notice. The closing of the purchase of Transfer Stock by the Company and the Investors shall take place, and all payments from the Company and the Investors shall have been delivered to the selling Key Holder, by the later of (i) the date specified in the Proposed Transfer Notice as the intended date of the Proposed Key Holder Transfer; and (ii) forty-five (45) days after delivery of the Proposed Transfer Notice.

  • At the Closing (a) Seller will deliver to Buyer:

  • Payment at Closing The Borrower shall have paid (A) to the Administrative Agent, the Arrangers and the Lenders the fees set forth or referenced in Section 4.3 and any other accrued and unpaid fees or commissions due hereunder, (B) all reasonable fees, charges and disbursements of counsel to the Administrative Agent (directly to such counsel if requested by the Administrative Agent) to the extent accrued and unpaid prior to or on the Closing Date, plus such additional amounts of such reasonable fees, charges and disbursements as shall constitute its reasonable estimate of such fees, charges and disbursements incurred or to be incurred by it through the closing proceedings (provided that such estimate shall not thereafter preclude a final settling of accounts between the Borrower and the Administrative Agent) and (C) to any other Person such amount as may be due thereto in connection with the transactions contemplated hereby, including all taxes, fees and other charges in connection with the execution, delivery, recording, filing and registration of any of the Loan Documents.

  • Purchase Closing Section 2.1 Purchase 5 Section 2.2 Closing 5 Section 2.3 Closing Conditions 6

  • Purchase Price Closing (a) The total amount which the buying party shall pay the selling party in a purchase shall be the amount that the selling party would have received if the Company (i) sold the Property for an amount equal to the Buy-Sell Stated Value, (ii) satisfied the indebtedness of the Company specifically referred to in subsection (b) below (and no other liabilities) out of the sale proceeds and (iii) distributed the remaining balance to Administrative Agent and PACOP in accordance with their respective percentage ownership interests in the Company (i.e., 51%, in the case of PACOP, and up to 49%, in the case of Administrative Agent).

  • The Optional Shares; Option Closing Date In addition, on the basis of the representations, warranties and agreements herein contained, and upon the terms but subject to the conditions herein set forth, the Company hereby grants an option to the several Underwriters to purchase, severally and not jointly, up to an aggregate of 633,750 Optional Shares from the Company at the purchase price per share to be paid by the Underwriters for the Firm Shares, less an amount per share equal to any dividend or distribution declared by the Company and payable on the Firm Shares but not payable on Optional Shares. The option granted hereunder may be exercised at any time and from time to time in whole or in part upon notice by the Representatives to the Company, which notice may be given at any time within 30 days from the date of this Agreement. Such notice shall set forth (i) the aggregate number of Optional Shares as to which the Underwriters are exercising the option and (ii) the time, date and place at which certificates for the Optional Shares will be delivered (which time and date may be simultaneous with, but not earlier than, the First Closing Date; and in the event that such time and date are simultaneous with the First Closing Date, the term “First Closing Date” shall refer to the time and date of delivery of certificates for the Firm Securities and such Optional Shares). Any such time and date of delivery, if subsequent to the First Closing Date, is called an “Option Closing Date,” and shall be determined by the Representatives and shall not be earlier than two or later than five full business days after delivery of such notice of exercise. If any Optional Shares are to be purchased, each Underwriter agrees, severally and not jointly, to purchase the number of Optional Shares (subject to such adjustments to eliminate fractional shares as the Representatives may determine) that bears the same proportion to the total number of Optional Shares to be purchased as the number of Firm Securities set forth on Schedule A opposite the name of such Underwriter bears to the total number of Firm Securities.

  • At Closing (1) Seller shall execute and deliver a general warranty deed conveying title to the Property to Buyer and showing no additional exceptions to those permitted in Paragraph 6 and furnish tax statements or certificates showing no delinquent taxes on the Property.

  • Closing; Closing Date Closing" and "Closing Date" have the meanings set forth in Section 5.3.

  • Second Closing (a) In the event that prior to April 7, 2005 (the “Option Period”), a public announcement of the Clinical Event has occurred, the Company shall have the right to require a second closing (the “Second Closing”) pursuant to which the Company shall issue and sell to each Purchaser, and each Purchaser shall, severally and not jointly, purchase from the Company, one-half of such number of Units as set forth opposite such Purchaser’s name in Exhibit A attached hereto at the Per Unit Purchase Price, which shall be in addition to the Units purchased under Section 2.2. The Second Closing shall occur within two (2) business days after the public announcement of the Clinical Event. At the Second Closing, the Company shall deliver or cause to be delivered to each Purchaser the following: (i) a Warrant, registered in the name of such Purchaser, pursuant to which such Purchaser shall have the right to acquire such number of Warrant Shares as set forth opposite such Purchaser’s name on Exhibit A under the heading “Second Closing Warrant Shares,” on the terms set forth therein; (ii) an instruction letter to the Transfer Agent in the form set forth on Exhibit C hereto; and (iii) a certificate from a duly authorized officer certifying on behalf of the Company that a public announcement of the Clinical Event has occurred. At the Second Closing, each Purchaser shall instruct the Escrow Agent to deliver an amount equal to the Per Unit Purchase Price multiplied by one-half of the number of Units as set forth opposite such Purchaser’s name on Exhibit A, in United States dollars and in immediately available funds, by wire transfer to an account designated in writing to such Purchaser by the Company for such purpose, and the Company shall consent to such instruction. Each Purchaser shall have the right, at any time during the Option Period, to request a Second Closing and to purchase on the terms provided herein up to the total amount of the Units that could be purchased by such Purchaser at the Second Closing.

  • Option Closing To the extent the Option is exercised, delivery of the Option Securities against payment by the Underwriters (in the manner and at the location specified above) shall take place at the time and date (which may be the Closing Date, but not earlier than the Closing Date) specified in the Option Notice.

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