Aggregate Closing Payment Sample Clauses

Aggregate Closing Payment. The "Aggregate Closing Payment" for the Purchased Interests shall be an amount equal to the sum of (i) Three Million Five Hundred Thousand Dollars ($3,500,000) minus (A) the Estimated Indebtedness Amount, minus (B) the Estimated Transaction Expenses Amount, plus or minus, as applicable, (C) the Estimated Positive Working Capital Adjustment Amount or the Estimated Negative Working Capital Adjustment Amount (such amount described in this clause (i) the "Closing Cash Payment"); and (ii) the value of the Closing Escrowed Stock (based on the 30-day VWAP determined as of the Closing Date, a one-for-one conversion ratio of Buyer Parent Stock for Parent Special Stock, and a one-for-one conversion ratio of Parent Special Stock for Parent Stock. Any and all payments to the Sellers pursuant to this Agreement shall be made to the Sellers based on the respective Pro Rata Percentage for each Seller as set forth on Schedule 1.1) (each, a "Pro Rata Percentage"), which such Schedule 1.1 may be updated and supplemented after the Closing by the Seller Rep to reflect any changes to such calculation of the Pro Rata Percentages, so long as the aggregate Pro Rata Percentages equal 100%. The Seller Rep shall provide written notice of any such update and supplement to Buyer and Parent concurrently with the effectiveness thereof. Buyer and Parent may rely on Schedule 1.1 and the calculation of the Pro Rata Percentages set forth therein, and in no event shall Buyer, Parent or any of their respective Affiliates have any Liability to any Seller or other Person with respect to any dispute relating to the calculation of the Pro Rata Percentages or on account of payments made in accordance with the terms of this Agreement and Schedule 1.1. At Closing, Buyer shall pay, or cause to be paid, (i) the Closing Cash Payment into the Escrow Account for distribution to the Sellers based on the respective Pro Rata Percentage for each Seller as set forth on Schedule 1.1, and (ii) the Seller Rep Amount into the Seller Rep Account. Upon deposit of the Closing Cash Payment and Seller Rep Amount into the Escrow Account and Seller Rep Account, respectively, Buyer shall have satisfied its obligations under this Section 1.2(a) in the full.
AutoNDA by SimpleDocs

Related to Aggregate 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 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 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.

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

  • Aggregate Purchase Price The aggregate purchase price for the Notes (the “Aggregate Purchase Price”) shall equal the result of (x) divided by (y), where (x) equals the Aggregate Principal Amount and (y) equals 1.25. Each date upon which a Closing occurs is a “Closing Date”.

  • 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.

  • Aggregate Consideration 10.1 Agreement.......................................................................

  • 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.

  • Post-Closing Purchase Price Adjustment (a) As promptly as practicable, but in no event later than ninety (90) days following the date of the Applicable Closing, Parent shall prepare and deliver to SunGard Data a statement (the “Post-Closing Statement”), certified by the chief financial officer of Parent and accompanied by reasonable supporting detail, setting forth the Closing Net Working Capital, the Company Transaction Fees and Expenses and the Merger Consideration, including, in each case, the calculation thereof in reasonable detail. The calculations set forth in the Post-Closing Statement shall be final and binding on all Parties unless SunGard Data gives Parent written notice of its objections thereto (an “Objection Notice”), with reasonable supporting detail as to each such objection (each, a “Post-Closing Calculation Objection”), within forty-five (45) days after receipt of the Post-Closing Statement (the “Objection Period”). In the event SunGard Data fails to give Parent an Objection Notice prior to the expiration of the Objection Period or otherwise earlier notifies Parent in writing that SunGard Data has no objections to the calculations set forth in the Post-Closing Statement, the Post-Closing Statement shall be deemed final and binding on all Parties hereto, and all payments to be made in accordance with Section 3.4(d) shall be derived therefrom. Any component of the calculations set forth in the Post-Closing Statement that is not the subject of a timely delivered Objection Notice by SunGard Data shall be final and binding on all Parties except to the extent such component could be affected by other components of the calculations set forth in the Post-Closing Statement. Throughout the period following the Closing Date until the components of the calculations set forth in the Post-Closing Statement are deemed final and binding pursuant to this Section 3.4, subject to Section 7.21, Parent shall permit SunGard Data and its Representatives reasonable access (with the right to make copies), during business hours upon reasonable advance notice, to the financial books and records of the Surviving Corporation and its Subsidiaries for the purposes of the review and objection right contemplated herein.

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

Time is Money Join Law Insider Premium to draft better contracts faster.