Cash Closing Payment Sample Clauses

Cash Closing Payment. At Closing, the Buyer shall deliver to the Sellers an aggregate amount equal to $54,000,000, less the aggregate Payoff Amounts (as hereinafter defined), plus the Leasehold Improvement Amount (the “Cash Closing Payment”), in immediately available funds by wire transfer to one (1) or more accounts designated by the Sellers in writing.
Sample 1
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Cash Closing Payment. At Closing, the Buyer shall pay in accordance with this Section 2.2 an aggregate amount in cash equal to the product of (i) 90%, multiplied by (ii) the Closing Price (such product, the “Cash Closing Price”). The Buyer shall pay the Escrow Amount and the Secondary Escrow Amount to the Escrow Agent, and the Buyer shall reduce the Cash Closing Price payable to the Sellers by the Escrow Amount and the Secondary Escrow Amount (the Cash Closing Price as reduced by the Escrow Amount and the Secondary Escrow Amount, the “Cash Closing Payment”). The Buyer shall pay to each Seller an amount equal to the product of (x) such Seller’s Allocation Percentage multiplied by (y) the Cash Closing Payment, such payment to be made by wire transfer of immediately available funds to such Seller’s account specified in writing by the Shareholder Representative not later than three (3) Business Days prior to Closing. Each Seller hereby agrees that the Buyer shall have no responsibility to see to the payment of such amounts to the appropriate Seller, its sole responsibility being to make payments to such accounts as are specified in writing by the Shareholder Representative.
Sample 1
Cash Closing Payment. TIGO Search shall pay the Cash Closing Payment to Find/SVP.
Sample 1
Cash Closing Payment. At the Closing, the Buyer shall deliver to the Shareholders, by wire transfer of immediately-available funds to the account(s) previously designated in writing by the Shareholders to the Buyer, the aggregate amount of Forty Million Dollars ($40,000,000) (the "CASH CLOSING PAYMENT"), subject to adjustment as follows:
Sample 1
Cash Closing Payment. At Closing, the Buyer shall deliver to Xxxx an amount equal to (i) the Purchase Price, less (ii) the Escrow Amount, less (iii) the Equity Consideration Amount, less (iv) the aggregate Payoff Amounts, less (v) the Broker Fees, less (vi) the Transaction Bonuses plus the employer portion of any Taxes applicable thereto, less (vii) Transaction Expenses not paid prior to Closing, less (viii) Debt to the extent not included in the Payoff Amounts and plus (ix) the Cash and Cash Equivalents of the Company and the Subsidiary as determined at 11:59 p.m. on the date immediately prior to the Closing Date (the “Cash Closing Payment”), by wire transfer of immediately available funds to the account or accounts designated in writing by Xxxx prior to the Closing Date.
Sample 1
Cash Closing Payment. Cause the Cash Closing Payment to be paid to Enutroff and Member (to be shared between them as they determine) by wire transfer of immediately available funds in accordance with the wiring instructions attached hereto at Exhibit A; and
Sample 1

Related to Cash Closing Payment

  • Closing Payment The Purchase Price, as adjusted by the application of the Deposit and by the prorations and credits specified herein, shall be paid, by wire transfer of immediately available federal funds (through the escrow described in Section 5 below), as and when provided in Section 5.2.2 below and in the “Escrow Agreement” (as hereinafter defined). The amount to be paid under this Section 3.2 is referred to herein as the “Closing Payment.”

  • Post-Closing Payment Payment to Shareholder of his portion of the Post-Closing Payment shall be made in the same manner as payments under the Additional Short-Term Note.

  • Closing Payments At the Closing, Parent shall pay or cause to be paid the following amounts by wire transfers of immediately available funds:

  • Post-Closing Payments (a) On the first anniversary of the Closing Date, Buyer will pay to Seller or, to the extent designated by Seller in writing and in accordance with Section 3.11, to the Members in accordance with their respective Pro Rata Percentages, the remaining 33.33% of the Closing Cash Consideration, as finally determined in accordance with Section 3.4 (the “Deferred Cash Payment”), via wire transfer to the Seller’s Bank Account or the Member Bank Accounts, as applicable.

  • Payment at Closing The Borrower shall have paid (A) to the Administrative Agent, the Arrangers and the Lenders the fees set forth or referenced in Section 4.3 and any other accrued and unpaid fees or commissions due hereunder, (B) all reasonable fees, charges and disbursements of counsel to the Administrative Agent (directly to such counsel if requested by the Administrative Agent) to the extent accrued and unpaid prior to or on the Closing Date, plus such additional amounts of such reasonable fees, charges and disbursements as shall constitute its reasonable estimate of such fees, charges and disbursements incurred or to be incurred by it through the closing proceedings (provided that such estimate shall not thereafter preclude a final settling of accounts between the Borrower and the Administrative Agent) and (C) to any other Person such amount as may be due thereto in connection with the transactions contemplated hereby, including all taxes, fees and other charges in connection with the execution, delivery, recording, filing and registration of any of the Loan Documents.

  • Payment at Closing; Fee Letters The Borrower shall have paid to the Administrative Agent and the Lenders the fees set forth or referenced in Section 4.3 and any other accrued and unpaid fees or commissions due hereunder (including, without limitation, legal (including, without limitation, local counsel) fees and expenses) and to any other Person such amount as may be due thereto in connection with the transactions contemplated hereby, including all taxes, fees and other charges in connection with the execution, delivery, recording, filing and registration of any of the Loan Documents.

  • Cash Consideration In case of the issuance or sale of additional Shares for cash, the consideration received by the Company therefor shall be deemed to be the amount of cash received by the Company for such Shares (or, if such Shares are offered by the Company for subscription, the subscription price, or, if such Shares are sold to underwriters or dealers for public offering without a subscription offering, the public offering price), without deducting therefrom any compensation or discount paid or allowed to underwriters or dealers or others performing similar services or for any expenses incurred in connection therewith.

  • Closing Consideration The closing consideration shall be delivered at the Closing as follows:

  • Cash Payment The Employee shall make cash payments by wire transfer, certified or bank check or personal check, in each case payable to the order of the Company; the Company shall not be required to deliver certificates for Option Shares until the Company has confirmed the receipt of good and available funds in payment of the purchase price thereof.

  • Closing Purchase Price The Closing Purchase Price (the "Closing Purchase Price") shall be paid or delivered by Buyer at Closing in the following manner:

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