Examples of First Closing Amount in a sentence
The First Preliminary Settlement Statement shall set forth: (A) the First Closing Base Purchase Price; (B) reasonable estimates of the adjustments under Section 3.2(a); and (C) the resulting First Closing Amount and First Closing Payment.
If the Final First Closing Purchase Price as finally determined under this Section 14.1 is less than the First Closing Amount, then Seller shall pay to Purchaser, within five (5) Business Days after the Final Determination Date with respect to the Final First Closing Purchase Price, the amount of such difference by wire transfer of immediately available funds to an account or accounts designated by Purchaser.
First Closing Amount The consideration for the purchase of the Relevant Shares under the Share Purchase Agreement (the “First Closing Amount”) shall be an amount equal to the sum of US$6,020,000, which shall be satisfied by UCWeb SG and Alipay SG in cash in the respective proportions as set forth against each of their names in Table I above upon the date of the First Closing.
Seller and Purchaser shall negotiate in good faith to agree upon such First Preliminary Settlement Statement; provided, however, if the Parties are unable to agree upon and approve such settlement statement prior to Closing, the settlement statement provided by Seller shall constitute the final First Preliminary Settlement Statement used to determine the final First Closing Amount and First Closing Payment.
On First Closing, UCWeb SG and Alipay SG shall pay the First Closing Amount in cash in the respective proportions as set forth against each of their names in Table I above to SAC Finance.
On the date (the "First Closing Date") the Company receives the First Closing Amount, the certificates evidencing the Shares shall be released to the Investors (the "First Closing").
Unless other arrangements have been made with a particular Investor, upon such receipt by OMM of the certificates issuable to an Investor, such Investor shall promptly, but no more than one (1) Business Day thereafter, cause a wire transfer in same day funds to be sent to the account of the Company as instructed in writing by the Company, in an amount representing such Investor's First Closing Amount.
If the First Closing occurs, the Deposit shall be released from the Deposit Escrow Account and applied toward the First Closing Amount under Section 3.4(b)(i).
If the Final First Closing Purchase Price as finally determined under this Section 14.1 is more than the First Closing Amount, then Purchaser shall pay to Seller, within five (5) Business Days after the Final Determination Date with respect to the Final First Closing Purchase Price, the amount of such difference by wire transfer of immediately available funds to an account or accounts designated by Seller.
Unless other arrangements have been made with a particular Investor, upon such receipt by OMM of the certificates issuable to an Investor, such Investor shall promptly, but no more than one (1) Business Day thereafter, cause a wire transfer in same day funds to be sent to the account of the Company as instructed in writing by the Company, in an amount representing such Investor’s First Closing Amount.