Accrued Wages of Purchaser Sample Clauses

Accrued Wages of Purchaser. The Holding Company, the Company, the Shareholders and each of the Purchaser Employees acknowledge accrued wages not exceeding the maximum aggregate amount of $876,000 due and owing certain directors, officers, employees and consultants of Purchaser as of the Closing. With respect to the payment of such accrued wages, no more than $180,000 shall be due and payable no later than June 30, 2014, $120,000 shall be due and payable no later than December 31, 2014, $300,000 shall be due and payable no later than December 31, 2015 and the balance shall be due and payable no later than December 31, 2016. Notwithstanding the forgoing, upon the Purchaser raising gross proceeds of at least $6,000,000 after the Closing from sales of its debt or equity securities, all such accrued wages shall immediately be due and payable.
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Related to Accrued Wages of Purchaser

  • Payment of Purchase Price The Purchase Price shall be paid as follows:

  • Amount of Purchase Price The purchase price (“Purchase Price”) per Share for each Share which Optionee is entitled to purchase under the Options shall be $2.25 per Share.

  • Lists of Purchasers Concurrently with the delivery of any Reserve Report to the Administrative Agent pursuant to Section 8.12, a list of all Persons purchasing Hydrocarbons from any Loan Party (or, with respect to Oil and Gas Properties that are not operated by a Loan Party, a list of the operators of such properties).

  • Adjustment of Purchase Price NUMBER AND KIND OF SHARES OR NUMBER OF RIGHTS. The Purchase Price, the number and kind of shares covered by each Right and the number of Rights outstanding are subject to adjustment from time to time as provided in this Section 11.

  • AMOUNT AND PAYMENT OF PURCHASE PRICE The total consideration and method of payment thereof are fully set out in Exhibit "A" attached hereto and made a part hereof.

  • Purchase Price; Payment of Purchase Price In addition to the Assumed Liabilities described below, the aggregate consideration for the Subject Assets (the “Purchase Price”) shall be the amount equal to: $2,000,000. The Purchase Price shall be subject to adjustment as set forth in Section 1.7 below as so adjusted.

  • Deliveries of Purchaser At the Closing, Purchaser shall deliver to Seller:

  • Receipt of Purchase Price Receipt of the Purchase Price and any adjustments due Seller under Article VII at the Closing in the manner herein provided.

  • Adjustment of Purchase Price and Number of Shares The number of shares of Common Stock issuable upon exercise of this Warrant (or any shares of stock or other securities or property receivable or issuable upon exercise of this Warrant) and the Purchase Price are subject to adjustment upon occurrence of the following events:

  • Closing Deliveries of Purchaser At the Closing, Purchaser shall deliver to Seller:

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