Closing Payment definition

Closing Payment has the meaning set forth in Section 2.2.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Closing Payment has the meaning set forth in Section 3.1(a).

Closing Payment is defined in Section 3.2.

Examples of Closing Payment in a sentence

At the Closing, Buyer shall pay, by wire transfer in immediately available funds to an account or accounts designated in writing by Seller prior to the Closing, an aggregate amount in cash equal to the Closing Payment.
The parties hereby agree that the Net Asset Value as of the Closing is equal to $3,197,266.97, and that, as a result, the Closing Payment will be decreased by $1,311,02.03.
The sum of Three Million One Hundred Forty-Three Thousand and 00/100 Dollars ($3,143,000.00) of the Closing Payment (the “Holdback Amount”) will be held back by Buyer as a non-exclusive source of recovery to satisfy any claims for which it is finally determined that Buyer is entitled to indemnification pursuant to Article VI.
If the Net Asset Value is less than $4,508,359.00, then the Closing Payment will be reduced dollar-for-dollar by the amount of any such deficit in the Net Asset Value, and if the Net Asset Value is more than the $4,508,359.00, then the Closing Payment will be increased dollar-for-dollar by the amount of any such surplus in the Net Asset Value.

More Definitions of Closing Payment

Closing Payment means the closing payment to be paid to Laurus Capital Management, LLC, the fund manager, as set forth on Schedule A hereto.

Closing Payment shall have the meaning given to such term in Section 2.5(b).

Closing Payment has the meaning set forth in Section 4.01(a).

Closing Payment shall have the meaning set forth in Section 3.2.2.

Closing Payment has the meaning set forth in Section 8.4(a).

Closing Payment means the amount of cash consideration payable by Purchaser to Sellers at the Closing, which shall be an amount equal to the remainder of (a) the estimate of the Adjusted Purchase Price determined in accordance with Section 2.5(a) minus (b) the Deposit.

Closing Payment shall have the meaning set forth in Section 2.5(a)(i).