Buyer’s Obligation at Closing. Buyer shall pay the Purchase Price in accordance with Section 3 at Closing.
Buyer’s Obligation at Closing. On the Closing Date, Buyer will deliver or cause to be delivered to Seller the following:
A. The Purchase Price; and
B. A Buyer Closing Certificate, executed by the Chief Executive Officer of Buyer, dated as of the Closing Date, in a form substantially identical to Exhibit J attached to this Agreement.
Buyer’s Obligation at Closing. At the Closing, Buyer shall:
Buyer’s Obligation at Closing. Upon the Closing Date, Buyer shall complete the following:
A. present legal identification, such as a Florida Driver’s license, a Florida State Identification Card, or other Florida issued official identification card that establishes the identification of the Buyer, to the administrative staff at the Recording Office of the Clerk of the Court of Highlands County.
B. execute and deliver any other documents required by ITB 22-014 or this Agreement.
C. pay all costs and expenses related to this transaction, including, but not limited to, the following:
1) all recording fees associated with the transaction, including the fees related to the recording of the County Deed;
2) all documentary stamps in connection with the conveyance of the Property; and
3) all other costs and expenses necessary to close this transaction, if any.
Buyer’s Obligation at Closing. At the Closing, Buyer will:
(1) deliver to Seller a stock certificate or stock certificates representing and evidencing five hundred thousand (500,000) restricted shares of common stock of LPFC; and
(2) execute and deliver this Agreement and all other documents, instruments, and agreements referred to herein or contemplated hereby.
Buyer’s Obligation at Closing. At Closing, Buyer shall deliver to Title Company the following:
(a) The Purchase Price by wire transfer of immediately available funds.
(b) A counterpart of the Lease Assignment.
(c) A counterpart of the General Assignment.
(d) A counterpart of the Deed with original resolutions of Buyer authorizing the purchase.
(e) A combined buyer/seller closing statement, a disbursement statement, and all other documents and instruments that either Seller, Seller’s or Buyer’s attorney, or the Title Company may reasonably require to properly consummate the transaction contemplated by this Agreement.
Buyer’s Obligation at Closing. Buyer shall deliver to the Seller the shares described in section 1.03 hereof within the time set out therein. Buyer agrees to effect complete transition of the Assets listed in Exhibit “A” within 7 business days of Closing.
Buyer’s Obligation at Closing. At the Closing, Buyer shall deliver to Seller, a certificate representing the total number of shares of Buyer's common stock to be issued and delivered under Section 2(a), and shall deliver to the Trustee the warrants described in Section 2 (b) and (c).
Buyer’s Obligation at Closing. At the Closing, Buyer must deliver to Corporation the following instruments and documents against delivery of the items specified in this Agreement:
(a) A bank cashier’s check or wire transfer in the amount of One Million Seven Hundred Thousand Dollars ($1,700,000);
(b) A bank cashier’s check or wire transfer, payable to the order of the Escrow Holder per Paragraph 2.7 in the amount of Five Hundred Thousand Dollars ($500,000).
(c) Assignment and Assumption of the real property facility lease of the Embedded Business, properly executed and acknowledged by Buyer and accompanied by consent of lessor;
(d) Resolutions of Buyer’s board of directors, in form reasonably satisfactory to counsel for Corporation, authorizing the execution and performance of this Agreement and all actions to be taken by Buyer under this Agreement; and
(e) A certificate executed by the president of Buyer certifying all Buyer’s representations and warranties under this Agreement are true in all material respects as of the Closing, as though each of those warranties had been made on that date.
Buyer’s Obligation at Closing. At the Closing,, Buyer will:
(1) deliver to Seller a bank certified check in the amount of, or wire transfer to a bank account designated by Seller, two hundred forty thousand U.S. dollars ($240,000).
(2) deliver to Seller a stock certificate or stock certificates representing and evidencing five hundred thousand (500,000) restricted shares of common stock of LPFC;
(3) deliver to PMB, Inc. a stock certificate or stock certificates representing and evidencing five hundred thousand (500,000) restricted shares of common stock of LPFC; and
(4) execute and deliver this Agreement and all other documents, instruments, and agreements referred to herein or contemplated hereby.
