Balance of the Consideration definition
Balance of the Consideration has the meaning ascribed to it in clause 3.1;
Balance of the Consideration means the Consideration less the Escrow Amount;
Balance of the Consideration is defined in Section 1.2(b)(iii).
Examples of Balance of the Consideration in a sentence
Balance of the Consideration is to be paid by the Company in cash upon completion of the construction of the facilities to the satisfaction of the Company.
In connection with the Closing, VRLP shall prepare in good faith a preliminary statement of closing adjustments and prorations in accordance with this Agreement showing the net amount due to VRLP or Investor as the result thereof (the “Closing Statement”), and that net amount will be added to, or deducted from, the Balance of the Consideration.