Purchase Price and Adjustment. (a) In consideration for the sale of the Mediaco Assets and assumption of the Mediaco Liabilities, on the Closing Date, immediately prior to or simultaneous with Closing (as defined in Section 4.1 below), Mediaco shall (i) pay the Emmis Purchase Price, subject to adjustment as provided in this Section 3.1, by wire transfer of immediately available funds pursuant to wire transfer instructions to be provided by Emmis to Mediaco and (ii) issue to Emmis a number of shares of the Class A Common Stock as shall represent as of the completion of Closing a 23.72% equity interest in Mediaco (the “Emmis Stock Consideration”).
Purchase Price and Adjustment. In consideration for the sale of the Assets, at Closing Buyers shall pay Sellers the sum of Fifteen Million Dollars ($15,000,000) (the “Purchase Price”), subject to adjustment as provided in this Section 2.1, by wire transfer of immediately available funds pursuant to wire transfer instructions to be provided by Sellers to Buyers. (a) Except as provided in the LMA, all income and expenses from the ownership or holding of the Assets shall be prorated between Sellers and Buyers as of Closing, with all expenses incurred or income earned prior to Closing for the account of Sellers (including income earned from advertising which has been broadcast on the Stations prior to Closing, but not yet billed), and all income earned and expenses incurred after Closing, for the account of Buyers. (b) Except as provided in the LMA, the prorations shall account for all ad valorem and other property taxes, business and license fees, including FCC regulatory fees, utility expenses, liabilities and obligations under the Assumed Contracts and Real Estate Leases, rents and similar prepaid and deferred items and all other expenses and obligations, such as deferred revenue and prepayments attributable to the ownership or holding of the Assets and operation of the Stations that straddle the period before and after Closing. If such amounts were prepaid by Sellers prior to Closing, and Buyers will receive a benefit after Closing, then Sellers shall receive a credit for such amounts (which would include security deposits made by Sellers but assumed by Buyers). If Sellers received a benefit prior to Closing, and such amounts will be paid by Buyers after Closing, Buyers will receive a credit for such amounts. To the extent 5 not known, real estate and personal property Taxes shall be apportioned on the basis of taxes assessed for the preceding year. Notwithstanding the foregoing, there shall be no proration on account of trade or barter arrangements except to the extent that the aggregate net liability for the contracted balance of the air time remaining as of Closing under all such arrangements exceeds the balance of the consideration to be received at or after Closing under all such arrangements by more than Twenty Five Thousand Dollars ($25,000) per Station. (c) Within forty-five (45) days after the Closing Date, Buyers shall prepare and deliver to Sellers a proposed pro rata adjustment of income and expenses in the manner described in Section 2.1(a) and Section 2.1(b) for the Statio...
Purchase Price and Adjustment. 3.1 The Purchase Price for the Assets to be paid by the Buyer to the Seller pursuant to this agreement is £3,250,000.
Purchase Price and Adjustment. 1 2.3 Payment to Seller on Closing Date. . . . . . . . . . . . . . . . . .4 2.4 Transfer Tax . . . . . . . . . . . . . . . . . . . . . . . . . . . .4
Purchase Price and Adjustment. 5.1 The total purchase price for all the Vessels is USD 153,000,000 (the "Purchase Price").
Purchase Price and Adjustment. 16 Section 2.03 Transactions to be Effected at the Closing ............................................... 19 Section 2.04 Closing ...................................................................................................... 21 ARTICLE III
Purchase Price and Adjustment. Upon the terms and subject to the conditions contained herein, the purchase price for the sale, transfer, assignment, conveyance and delivery of the Company Stock ("Purchase Price") shall be One Hundred and Five Million Dollars ($105,000,000.00). There shall be an adjustment to the Purchase Price equal to the amount, if any, by which the absolute value of the sum of items (i) and (ii) below exceeds $1,000,000. If the sum is positive, Purchaser shall pay the adjustment to Seller; if it is negative, Seller shall pay the
Purchase Price and Adjustment. As a consideration for the Buyer's purchase of the Assets, and upon and subject to all of the terms and conditions contained herein and upon the performance by each of the parties hereto of their obligations hereunder, the Buyer agrees to pay the following ("Purchase Price"):
Purchase Price and Adjustment. In consideration for the sale of the Assets, at Closing Buyers shall pay Sellers the sum of Fifteen Million Dollars ($15,000,000) (the “Purchase Price”), subject to adjustment as provided in this Section 2.1, by wire transfer of immediately available funds pursuant to wire transfer instructions to be provided by Sellers to Buyers.
Purchase Price and Adjustment. 3.1Subject to clause 3.6, the purchase price for the Assets to be paid by the Buyer to the Sellers at Completion pursuant to this agreement shall be the sum of:
