Common use of Cash Balance Clause in Contracts

Cash Balance. On or before the Closing, Buyer shall deliver into Escrow in immediately available funds the balance of the Purchase Price. The Purchase Price, net of any prorations and closing costs to be paid by Seller as provided in this Agreement and net of the Option Payment, shall be paid by the Title Company to Seller on the Closing Date by federal wire transfer of immediately available funds to a bank account(s) designated by Seller in a written notice to the Title Company given prior to the Closing.

Appears in 2 contracts

Samples: Option Agreement (Macromedia Inc), Option Agreement (Macromedia Inc)

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Cash Balance. On or before the Closing, Buyer shall deliver into Escrow in immediately available funds the balance of the Purchase Price. The Purchase Price, net of any prorations and closing costs to be paid by Seller as provided in this Agreement and net of the Option PaymentAgreement, shall be paid by the Title Company to Seller on the Closing Date by federal wire transfer of immediately available funds to a bank account(s) designated by Seller in a written notice to the Title Company given prior to the Closing.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Arena Pharmaceuticals Inc), Purchase and Sale Agreement (Bre Properties Inc /Md/)

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Cash Balance. On or before the Closing, Buyer shall deliver into Escrow in immediately available funds the balance of the Purchase Price. The Purchase Price, net of any 5 prorations and closing costs to be paid by Seller as provided in this Agreement and net of the Option PaymentAgreement, shall be paid by the Title Company to Seller on the Closing Date by federal wire transfer of immediately available funds to a bank account(s) designated by Seller in a written notice to the Title Company given prior to the Closing.

Appears in 1 contract

Samples: Purchase and Sale Agreement (American Xtal Technology)

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