Balance Due at Closing Sample Clauses

Balance Due at Closing. Upon Closing, the remaining balance of the Purchase Price in the amount of $ shall be paid to Seller by Xxxxx, by certified check, bank cashier's check or wire transfer.
Sample 1
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Balance Due at Closing. The balance of the Total Purchase Price in the amount set forth above together with the Additional Closing Costs, set out in section 2 (c) below, shall be deposited two (2) business days before Closing in the form of electronic funds in the Escrow Account, in accordance with the wire instructions contained in Exhibit C, and shall be credited toward the Purchase Price at Closing.
Sample 1
Balance Due at Closing. The Purchase Price, after adjustments applied pursuant to this Agreement, and less the Xxxxxxx Money Deposit, shall be paid in full at Closing (defined below) to the Closing Agent in U.S. dollars in the form of certified funds or an electronic transfer of funds.
Sample 1
Balance Due at Closing. Customer agrees that upon execution of this Supplemental Agreement No. 1 to transfer to Boeing’s account at JPMorgan Chase Bank, New York, New York, the sum of [*], which is the incremental increase to advance payments owing by Customer to Boeing as a result of purchasing the Block B Aircraft. The Purchase Agreement will be deemed to be amended to the extent herein provided and as so amended will continue in full force and effect. EXECUTED IN DUPLICATE as of the day and year first above written. THE BOEING COMPANY AIR LEASE CORPORATION By: /s/ Xxxxxxxxx X. Xxxxx By: /s/ Xxxxxx X. Udvar-Házy Its: Attorney-In-Fact Its: Chairman & CEO Attachments * Confidential material omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. P.A. No. 03524 4 SA-1 BOEING PROPRIETARY Enclosure 1 TABLE OF CONTENTS ARTICLES SA No.
Sample 1
Balance Due at Closing. The balance of the Purchase Price as adjusted by the prorations and credits specified herein shall be paid by Buyer in cash or by wire transfer of funds on the Closing Date.
Sample 1
Balance Due at Closing. $ Purchaser has paid to Xxxxxxxxxxxx Commercial the sum of $ , as xxxxxxx money, which xxxxxxx money is to be promptly deposited into Xxxxxxxxxxxx Commericals escrow account and is to be applied as part payment of the purchase price at the time of closing or as otherwise provided herein. All parties hereto agree that Auctioneer may deposit the xxxxxxx money in an interest-bearing escrow account and all parties hereto understand and agree that disbursement of xxxxxxx money can occur only as follows: (a) at closing; (b) upon written agreement signed by all parties to this contract; (c) upon court order; or (d) upon failure of Seller to perform Seller’s obligation to close in accordance with this contract, then Purchaser’s sole remedy against the Seller shall be the return of xxxxxxx money to Purchaser as liquidated damages. In all cases, Purchasers sole and exclusive remedy in the event of a default by Seller shall be the return of Purchasers xxxxxxx money. Purchaser hereby waives all other rights and remedies available at law or in equity; or (e) upon failure of Purchaser to fulfill Purchaser’s obligations to close in accordance with this contract, the xxxxxxx money shall be paid to Seller as liquidated damages and not a penalty, the parties hereto agreeing that the damages caused by a breach of the contract are difficult to estimate, the parties hereto intend to provide for liquidated damages rather than a penalty and the xxxxxxx money is a reasonable estimate of the probable loss upon a breach. Purchaser understands and hereby expressly acknowledges that in no event will he/she/it be entitled to the remedy of specific performance. If any dispute arises between Purchaser and Seller as to the final disposition of all or part of the xxxxxxx money, Auctioneer may, in its sole discretion, notify Purchaser and Seller in writing that Auctioneer is unable to resolve such dispute and may interplead all or any disputed part of the xxxxxxx money into court, whereupon Auctioneer and Xxxxxxxxxxxx Commercial shall be discharged from any further liability with respect to the xxxxxxx money deposit and shall be entitled to recover its fees and expenses, including attorneys’ fees in connection with said interpleader from the xxxxxxx money; or, upon fifteen (15) days written notice to the parties, Auctioneer or Xxxxxxxxxxxx Commercial may make a disbursement of the xxxxxxx money upon a reasonable interpretation of this contract. In either event, the parties hereto release a...
Sample 1
Balance Due at Closing. The balance of the Purchase Price due at Closing shall be made payable to Escrow Agent at least three (3) business days in advance of the scheduled Closing Date.
Sample 1
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Related to Balance Due at Closing

  • Cash at Closing At Closing, Purchaser shall pay to Seller, by wire transferred current federal funds, an amount equal to the Purchase Price, minus the sum of the Xxxxxxx Money which Seller receives at Closing from the Escrowee, and plus or minus, as the case may require, the closing prorations and adjustments to be made pursuant to Section 4(C) below.

  • 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.

  • Payments at Closing At the Closing, Buyer shall:

  • Returned Payments If after receipt of any payment which is applied to the payment of all or any part of the Obligations (including a payment effected through exercise of a right of setoff), the Administrative Agent or any Lender is for any reason compelled to surrender such payment or proceeds to any Person because such payment or application of proceeds is invalidated, declared fraudulent, set aside, determined to be void or voidable as a preference, impermissible setoff, or a diversion of trust funds, or for any other reason (including pursuant to any settlement entered into by the Administrative Agent or such Lender in its discretion), then the Obligations or part thereof intended to be satisfied shall be revived and continued and this Agreement shall continue in full force as if such payment or proceeds had not been received by the Administrative Agent or such Lender. The provisions of this Section 2.21 shall be and remain effective notwithstanding any contrary action which may have been taken by the Administrative Agent or any Lender in reliance upon such payment or application of proceeds. The provisions of this Section 2.21 shall survive the termination of this Agreement.

  • Indemnity Escrow On the Closing Date, Purchaser shall, on behalf of Seller, pay to Xxxxx Fargo Bank, N.A., as agent to Purchaser and Seller (the “Escrow Agent”), in immediately available funds, to the account designated by the Escrow Agent (the “Indemnity Escrow Account”), an amount equal to five percent (5%) of the Purchase Price (the “Indemnity Escrow Amount”), in accordance with the terms of this Agreement and that certain Escrow Agreement by and among Purchaser, Seller and the Escrow Agent, dated as of November 8, 2013, a copy of which is attached hereto as Exhibit F (the “Escrow Agreement”). Any payment Seller is obligated to make to any Purchaser Indemnified Parties pursuant to this Article X shall be recovered solely by release of funds to the Purchaser Indemnified Parties from the Indemnity Escrow Account in accordance with the terms of the Escrow Agreement and shall accordingly reduce the Indemnity Escrow Amount; provided, however, that to the extent, and solely to the extent, (a) Seller is obligated to make a payment to any Purchaser Indemnified Parties pursuant to this Article X with respect to a claim based upon, attributable to or resulting from a breach of the Specified IP Representation and (b) the Escrow Agent has released the Indemnity Escrow Amount (to the extent not utilized to pay Purchaser Indemnified Parties for any indemnification claim) to Seller, then Seller shall pay directly the remaining sums due in connection with such claim following the payments made from the Indemnity Escrow Account in connection therewith; provided, further, however that to the extent, and solely to the extent, (a) Seller is obligated to make a payment to any Purchaser Indemnified Parties pursuant to this Article X with respect to a claim based upon, attributable to or resulting from a Fundamental Representation of Seller, Seller Fraud, or pursuant to Section 10.2(a)(ii), Section 10.2(a)(iii), Section 10.2(a)(iv) or Section 10.2(a)(v) and (b) the Indemnity Escrow Amount is insufficient to pay such claim, then Seller shall pay directly the remaining sums due in connection with such claim following the payments made from the Indemnity Escrow Account in connection therewith; provided, further, however, that, other than in cases of Seller Fraud, the maximum aggregate Liability of Seller under this Agreement, including this Article X, shall in no event exceed the Final Purchase Price. On the earlier of (a) the date that is fifteen (15) Business Days following the General Survival Date and (b) the Business Day immediately following the date on which Purchaser delivers the Attrition Rate Statement, the Escrow Agent shall release the Indemnity Escrow Amount (to the extent not utilized to pay Purchaser Indemnified Parties for any indemnification claim) to Seller, except that the Escrow Agent shall retain an amount (up to the total amount then held by the Escrow Agent) equal to the sum of (a) the amount of claims for indemnification under this Article X asserted prior to the General Survival Date but not yet resolved and (b) Purchaser’s Attrition Claim to the extent not resolved at such time in writing or pursuant to Section 3.5 (such claims, the “Unresolved Claims”). The Indemnity Escrow Amount retained for Unresolved Claims shall be released by the Escrow Agent (to the extent not utilized to pay Purchaser Indemnified Parties for any such claims resolved in favor of Purchaser Indemnified Parties) upon the resolution of such Unresolved Claims in accordance with this Article X, Section 3.5 and the Escrow Agreement.

  • 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.

  • Escrow Payments If (whether by reason of the time difference between the cities in which payments are to be made or otherwise) it is not possible for simultaneous payments to be made on any date on which both parties are required to make payments hereunder, either Party may at its option and in its sole discretion notify the other Party that payments on that date are to be made in escrow. In this case deposit of the payment due earlier on that date shall be made by 2:00 pm (local time at the place for the earlier payment) on that date with an escrow agent selected by the notifying party, accompanied by irrevocable payment instructions (i) to release the deposited payment to the intended recipient upon receipt by the escrow agent of the required deposit of any corresponding payment payable by the other party on the same date accompanied by irrevocable payment instructions to the same effect or (ii) if the required deposit of the corresponding payment is not made on that same date, to return the payment deposited to the party that paid it into escrow. The party that elects to have payments made in escrow shall pay all costs of the escrow arrangements.

  • Disbursements of Escrow Funds (a) Escrow Agent shall disburse Escrow Funds at any time and from time to time, upon receipt of, and in accordance with, a Joint Written Direction received by Escrow Agent as set forth in Section 15. Such Joint Written Direction will contain Complete Payment Instructions.

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