Cash Payable at Closing Sample Clauses
Cash Payable at Closing. At the Closing, the sum of Seven Hundred Seventy-Five Thousand ($775,000) Dollars, as may be increased pursuant to Section 4 below, shall be paid by Purchaser’s delivery to Seller of a bank check or bank wire transfer in such amount.
Cash Payable at Closing. At the Closing, Buyer shall deliver to Seller a cashier's check or wire transfer of immediately available funds for an amount equal to the Base Purchase Price (except for that portion thereof allocated in Section 2.3 to the Mules and Houfek Non-Competition Agreement▇, ▇▇▇ch said portion shall be paid to them) plus the value of the inventory taken and determined pursuant to Section 3.2.
Cash Payable at Closing. At the Closing, the Closing Cash Consideration shall be allocated and distributed as follows
(i) First, the Estimated Transaction Expenses, as set forth in Section 9.10, shall be paid by wire transfer of immediately available funds to the account of ▇▇▇▇ ▇▇▇▇▇▇▇, and pursuant to the instructions, set forth on Schedule 2.
(ii) Second, all Closing Cash Consideration remaining after the hold back of the Fairness Hearing Expenses and the payment of the Estimated Transaction Expenses (the "Remaining Closing Cash Consideration") shall be paid, on a pari passu basis: (A) to the holders (the "Series A Holders") of Series A Preferred Stock (the "Series A Shares") in partial payment of their liquidation preference of $2.40 per share (the "Series A Preference") and (B) to the holders (the "Series B Holders") of Series B Preferred Stock (the "Series B Shares") in partial payment of their liquidation preference of $2.50 per share (the "Series B Preference"). Such Remaining Closing Cash Consideration shall be calculated and allocated among the Series A Holders and the Series B Holders as set forth on Schedule 1A and shall be paid (X) with respect to amounts payable to Iem, Sumitomo and IRI, by wire transfer of immediately available funds to the accounts set forth on Schedule 2 and (Y) with respect to the remaining Series A Holders and Series B Holders, to the Exchange Agent for disbursement as set forth in Section 2.4.
Cash Payable at Closing. DIGITAL agrees to pay to SELLER Three Hundred Ninety Thousand Dollars ($390,000.00) in cash at the Closing (the "Closing Payment") by wire transfer of immediately available funds in accordance with the wire transfer instructions delivered to DIGITAL by SELLER at the Closing. The Non-Refundable Deposit shall be an element of DIGITAL's damages if SELLER willfully fails to close this Agreement. SELLER is paying at or before the Closing the payroll, payroll taxes and health insurance for the current pay period ending January 31, 2001 in the amount of $68,393.46.
Cash Payable at Closing. At the Closing, Buyer shall deliver a cashier's check to Seller or make payment by wire transfer, as designated by Seller, in an amount equal to the Purchase Price.
Cash Payable at Closing. The balance of the Sales Price shall be paid by wire transfer of immediately available funds to the account of Escrow Agent, to be deposited in the Escrow on or before the Closing.
Cash Payable at Closing. At the Closing, Buyer shall wire transfer immediately available funds to Seller in an amount equal to the Purchase Price, less (i) the $100,000 ▇▇▇▇▇▇▇ money deposited pursuant to the terms of that certain Escrow Agreement by and between the Seller and Buyer, a copy of which is attached hereto as Exhibit __ and (ii) any downward adjustments made pursuant to Section 2.4 below; and