Initial Asset Payment definition
Initial Asset Payment has the meaning specified in Section 2.2 of this Agreement.
Examples of Initial Asset Payment in a sentence
The Buyer shall deliver the Initial Asset Payment in the form of a cash payment by wire transfer, at Closing, in immediately available funds, to such account designated by the Sellers in writing.
In consideration for the transfer and conveyance of the Inventory to the Buyer, the Buyer shall pay to Baxter Oncology a payment of One Hundred Thousand Dollars ($100,000) (the “Inventory Payment” and together with the Initial Asset Payment, the “Initial Payment”).