Purchase Proceeds Clause Samples
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Purchase Proceeds. The purchase proceeds to be paid by Countrywide for the Servicing Rights constituting each Servicing Rights Package, as set forth in a funding schedule in the form of Exhibit A hereto.
Purchase Proceeds. Purchase Proceeds shall equal the Purchase Price, as defined in Section 2.2(a) of the Reorganization Agreement, net of applicable adjustments provided for in Sections 2.3 and 2.4 of the Reorganization Agreement.
Purchase Proceeds. Subject to the conditions set forth in Section 2.07 hereof, and in consideration for the Mortgage Loan Package to be purchased by the Purchaser on the related Closing Date, the Purchaser shall pay to Countrywide on such Closing Date the Purchase Proceeds by wire transfer of immediately available funds to the account designated by Countrywide on or before the Funding Deadline..
Purchase Proceeds. Seller may, at Closing, use the purchase money or any portion thereof to clear the title of any or all encumbrances, provided that all instruments releasing such encumbrances are recorded simultaneously with the Closing or arrangements are made for the recording of such releasing instruments within a reasonable period of time following the Closing in accordance with standard conveyancing practice, provided such arrangements are acceptable to the Title Company and the Title Policy does not reflect the existence of any such encumbrances.
Purchase Proceeds. As of the Closing Date, the City Bodies, using commercially reasonably efforts, shall have: (i) taken all action necessary and prudent to procure and expend the funds necessary to satisfy Phase 1 Purchase Price and accept transfer of Phase 1; and (ii) demonstrated that such funds shall be sufficient to satisfy Phase 1 Purchase Price.
Purchase Proceeds. As of the Closing Date, the City Bodies, using commercially reasonably efforts, shall have: (i) taken all action necessary and prudent to procure and expend the funds necessary to satisfy the Police Station Purchase Price and accept transfer of the Police Station; and (ii) demonstrated that such funds shall be sufficient to satisfy the Police Station Purchase Price.
Purchase Proceeds. As of the Closing Date, the City Bodies, using commercially reasonably efforts, shall have: (i) taken all action necessary and prudent to procure and expend the funds necessary to satisfy the Garage Purchase Price and accept transfer of the Garage; and (ii) demonstrated that such funds shall be sufficient to satisfy the Garage Purchase Price.