Due Diligence Payment definition

Due Diligence Payment means One Million Dollars ($1,000,000.00).
Sample 1
Due Diligence Payment means the sum of US$250,000 previously paid by the Purchaser to the Liquidator pursuant to section 3.1.1 of the Memorandum of Understanding;
Sample 1
Due Diligence Payment means the actual costs and expenses incurred by Purchaser, not to exceed Three Hundred Fifty Thousand Dollars ($350,000.00), related to the consummation of the transactions contemplated by this Agreement, but specifically excluding any and all costs and expenses of Purchaser attributable directly to the IPO (as defined in Section 4.7).
Sample 1

Examples of Due Diligence Payment in a sentence

  • At the Closing of Seller’s Purchase Options, Seller agrees to pay toward Purchasers attorney’s fees the sum of $60,000.00 which amount Purchaser agrees to reimburse Seller on the date of Closing this Agreement or on the date DP pays the Due Diligence Payment referred to in the Exchange Agreement, whichever date occurs first.

  • On or before the second anniversary of the Effective Date, IVNE shall pay $6,250,000.00 (collectively with the Initial Payment, the Due Diligence Payment, and the First Payment, the “ Option Payments”).

  • Notwithstanding anything contained in this Agreement to the contrary Seller’s agreement to trade the Subject Property for the Exchange Property is expressly conditioned upon Seller receiving Seller’s aforesaid share of the Due Diligence Payment.

  • On or before the second anniversary of the Effective Date, IVNE shall pay collectively with the Initial Payment, the Due Diligence Payment, and the First Payment, the “ Option Payments”.

  • The Due Diligence Payment shall be fully earned by Seller, nonrefundable to Purchaser and shall be paid over upon demand to Seller by the Escrow Agent upon any termination of this Agreement unless this Agreement is terminated by Purchaser in accordance with Section 9.1(c) or (e) hereof, in which case the Due Diligence Payment shall be returned to Purchaser.

  • In order to reimburse IRE for due diligence costs incurred and to be incurred by IRE with respect to the DP Property and the IRE Property, DP shall pay to IRE a total of $630,000.00 (the "Due Diligence Payment") at Closing.

  • In the event a grant is received as a result of IRE causing such a grant to be obtained which reduces the amounts to be paid by DP under this Agreement, in addition to all other amounts to be paid by DP hereunder, one-half of any savings to DP by reason of either the City of Xxxxxxxx or the County of Xxxx receiving any such grant shall be added to the Due Diligence Payment payable by DP under Section 5 of this Agreement.

  • Both Seller and Purchaser shall instruct the Escrow Agent with respect to distribution of the Due Diligence Payment consistent with and in accordance with the terms of this Agreement.

  • On the Closing Date, the escrow Agent shall deliver the Due Diligence Payment to Seller.

  • At Closing the Due Diligence Payment shall be paid over to Seller by the Escrow Agent and applied and credited against the Purchase Price.

Related to Due Diligence Payment

  • Due Diligence Fee means a payment of an annual fee equal to $800 due upon the date of this Agreement and $500 due upon each anniversary thereof so long as any Advance is outstanding or available hereunder.

  • Due Diligence Period has the meaning set forth in Section 4.1.

  • Due Diligence Review means the performance by Buyer of any or all of the reviews permitted under Section 44 hereof with respect to any or all of the Loans or Seller or related parties, as desired by Buyer from time to time.

  • Due Diligence Examination shall have the meaning set forth in Section 3.2.

  • Due Diligence Materials means the information to be provided by Seller to Purchaser pursuant to the provisions of Section 4.1 hereof.

  • Due Diligence Request means the due diligence request letter from Xxxxxxx and Xxxxxx LLP, counsel to the Purchaser, dated March 6, 2024.

  • Due Diligence means examinations, inspections, investigations, tests, studies, analyses, appraisals, evaluations and/or investigations with respect to the Property, the Documents, and other information and documents regarding the Property, including, without limitation, examination and review of title matters, applicable land use and zoning Laws and other Laws applicable to the Property, the physical condition of the Property, and the economic status of the Property.

  • Due Diligence Information means any information supplied to the Supplier by or on behalf of the Customer prior to the Call Off Commencement Date;

  • Inspection Fee means a fee payable to Lender or Loan Servicer for performing any inspection required by this Agreement in an amount not to exceed $500.00 per inspection.

  • Customer Due Diligence means a process which involves establishing the identity of a client, the identity of the client’s beneficial owners in respect of legal persons and monitoring all transactions of the client against the client’s profile;

  • Due Diligence Service Provider As defined in Section 12.13(l) of this Agreement.

  • Buyers Premium means a Commission payable by The Buyer to the Auctioneer. The Auctioneer, when acting as Agent for The Seller, may also receive

  • Inspection Period means the period beginning on the Effective Date and expiring at 5:00 p.m. eastern time on the forty-fifth day after the Effective Date.

  • Warranty Purchase Payment means, with respect to a Payment Date and to a Warranty Receivable repurchased by the Seller as of the close of business on the last day of the related Collection Period, the sum of (a) the unpaid principal balance owed by the Obligor in respect of such Receivable plus (b) interest on such unpaid principal balance at a rate equal to the related APR to the last day in the related Collection Period.

  • Down payment means all partial payments, whether made in cash or otherwise, received by or for the benefit of the seller before or substantially contemporaneous with either the execution of the installment sale contract or the delivery of the motor vehicle sold under that contract, whichever occurs later.

  • Advance Payment means a payment that a federal awarding agency or passthrough entity makes by any appropriate payment mechanism, including a predetermined payment schedule, before the non-federal entity disburses the funds for program purposes.

  • Closing Payment has the meaning set forth in Section 2.2(a).

  • Reasonable payment means, with respect to perfessional and other tech- nical services, a payment in an amount that is consistent with the amount nor- mally paid for such services in the pri- vate sector.

  • Phase I means the first part of the tuition incentive assistance program defined as the academic period of 80 semester or 120 term credits, or less, leading to an associate degree or certificate.

  • Seller’s Representatives means Seller’s accountants, employees, counsel, environmental consultants, financial advisors, and other representatives.

  • Completion Payment means the payment for the 20% of the Charges for each Apprenticeship that under the ESFA Rules is only paid once an Apprentice takes their end point assessment, including as the case may be Apprenticeships funded by Transferred Levy Funds;

  • Buyer’s Representatives has the meaning set forth in Section 6.02.

  • Cure Payment shall have the meaning set forth in Section 11(b).

  • Draft Closing Statement means a draft closing statement, prepared by Seller, as of the close of business of the third (3rd) business day preceding the Closing Date setting forth an estimated calculation of both the Purchase Price and the Estimated Payment Amount.

  • Study Period means the period commencing at 9:00 a.m. on the date hereof, and continuing through 5:00 p.m. on the Closing Date.