Examples of Initial Cash Payment in a sentence
In the event Talon Nickel has delivered a feasibility study on the Tamarack Project, upon the completion thereof, the parties have agreed to fund the Tamarack Project in accordance with their respective ownership interests, or be subject to dilution.Pursuant to the 2018 Option Agreement, Talon Nickel initially had until February 5, 2019 to make the Initial Cash Payment and the Share Payment to Kennecott.
Except as otherwise provided in this Liquidating Trust Agreement, Entities (including any professionals retained by the Liquidating Trustee in accordance with this Liquidating Trust Agreement) engaged in transactions with the Liquidating Trust or the Liquidating Trustee shall look only to the Assets (exclusive of the Liquidating Trust Initial Cash Payment) to satisfy any liability incurred in connection with carrying out the terms of this Liquidating Trust Agreement.
The SPA further provided in Section 2.3(a)(i) that, the Initial Cash Payment was to be made “by means of a confirmed wire transfer to the attorney escrow account of Bishop, Dulaney, Joyner & Abner, PA pursuant to account designations and routing instructions .
The total purchase price payable for the Purchased Assets shall be USD $150,000 in cash (the “Initial Cash Payment”) and an aggregate of 450,000 common shares of Parent with an aggregate deemed value of USD $225,000 (the “Consideration Shares” and together with the Initial Cash Payment, the “Purchase Price”), plus the assumption of the Assumed Liabilities.
Garson also negligently failed to condition the repayment of the entire$1,000,000.00 Promissory Note on the satisfaction of the terms set forth for the Initial Cash Payment, such as the repayment by the Cayden Shareholders of all of Cayden’s outstanding debts pursuant to § 2.3(b) of the SPA.