Common use of ADDITIONAL PAYMENT AT CLOSING Clause in Contracts

ADDITIONAL PAYMENT AT CLOSING. On the Effective Date, MTP-South Tower must also pay to Aetna the sum of Two Million Dollars ($2,000,000), which sum shall be applied on the Effective Date in accordance with Section 1.8 to certain obligations of MTP-South Tower. In connection therewith, MTP-South Tower covenants, agrees, represents and warrants to Aetna:

Appears in 4 contracts

Samples: Modification and Extension Agreement (Carlyle Real Estate LTD Partnership Xiv /Il/), Modification and Extension Agreement (Carlyle Real Estate LTD Partnership Xv), Modification and Extension Agreement (Carlyle Real Estate LTD Partnership Xv)

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