Cash Portion. The Company hereby agrees to pay the Placement Agent (or the designees authorized by such Placement Agent), as a condition to the Closing of the Offering, as compensation for their services hereunder, a cash fee equal to Ten Percent (10%) of the gross proceeds from any sale of Securities in the Offering sold to Investors introduced by the Placement Agent participating in the Closing (the “Placement Agent Cash Fee”). The Placement Agent Cash Fee will be paid by the Company in the name provided to the Company by the Placement Agent at the time of the closing.
Cash Portion. At the Closing, Buyer shall deliver to Seller, by wire transfer in accordance with instructions provided by Seller, the amount of Seven Hundred Fifty Thousand Dollars ($750,000) (the "Cash Portion").
Cash Portion. Interest shall be payable at the Cash Interest Rate on each Interest Payment Date, including the Maturity Date or the Extended Maturity Date, as applicable, to the record Holder of this Note on such Interest Payment Date in cash. On each Interest Payment Date, funds on deposit in the Interest Reserve Account shall be withdrawn by the Collateral Agent and applied to pay Interest payable pursuant to this Section 6(a) in accordance with the Guarantee and Collateral Agreement; provided that, to the extent funds on deposit in the Interest Reserve Account at such time are insufficient to pay such Interest in full or the Cash Collateral Control Agreement is no longer in effect, the Company shall pay the balance of such Interest directly on such Interest Payment Date.
Cash Portion. You will receive a cash payment of $3,000,000, to be paid in a lump sum on or about March 31, 2017. Executive shall be entitled to this payment, without it being subject to forfeiture, unless he resigns or is terminated for Cause (as defined in Section 5(c) below) prior to payment being made. In the event Executive resigns or is terminated for Cause prior to payment being made, Executive will forfeit the unpaid amount.
Cash Portion. Cash Portion. At least two (2) Business Days prior to the Closing, to commence the Closing, Buyer shall deliver the Cash Portion to the Escrow Agent and, upon Seller’s demand in order to close, the Escrow Agent shall deliver Buyer’s Cash Portion to Seller. Seller shall provide escrow instructions to the Escrow Agent consistent with the terms of this Agreement and, pending the Closing, the Buyer and Seller shall execute additional escrow instructions not inconsistent with the terms of this Agreement if reasonably required by Escrow Agent or the Accommodator.
Cash Portion. The Estimated Cash Purchase Price (as defined below) will be paid in cash by wire transfer of funds to an account designated by the Parent. For purposes of this Agreement, the “Estimated Cash Portion of the Purchase Price” shall mean an amount equal to $105,440,000 and less $4,000,000 delivered to the Escrow Agent pursuant to Section 2.3(c) below, as adjusted upward or downward in accordance with Section 2.6 below (the “Cash Portion of the Purchase Price”), as represented by Parent (including an estimate of the components of the Cash Portion of the Purchase Price) on a certificate (the “Estimated Cash Portion Certificate”), which shall include the Preliminary Closing Balance Sheet and be prepared in a manner consistent with the Purchase Price Calculation Example as if the Closing had occurred on January 31, 2004 set forth on Exhibit F, delivered to the Parent and accepted by Buyer in its reasonable discretion (which acceptance shall be deemed an acceptance to use such determination for purposes of Closing but shall not be construed as an agreement with the Parent as to the actual Cash Portion of the Purchase Price or any components thereof) not less than two days prior to the Closing;
Cash Portion. The Company hereby agrees to pay (or cause the Public Entity to pay) the Placement Agents (or the designees authorized by such Placement Agents), as compensation for their services hereunder, a fee (the “Financing Fee”) in the amount of 8.0% of the gross proceeds from any sale of Securities in the Offering during the Term, excluding those shares sold to investors who are existing Company shareholders. The Financing Fee shall be paid to the Placement Agents in cash by wire transfer from the escrow account in which the Offering Proceeds are deposited, concurrently with the delivery of the net proceeds to the Company at the closing of the applicable Offering. The allocation of the Financing Fee between the Placement Agents (and their designees, if applicable) shall be provided in writing by the Placement Agents.
Cash Portion. In the event of any transfer pursuant to Sections 3, 4, 5 and 6 hereof, the total purchase price of the Stock shall be paid by check by the Parent or the Corporation, as applicable, at the Closing Date, as defined in Section 8(d) hereof. In the event of any purchase by the Corporation pursuant to Section 9(b) hereof, the purchase price shall be paid on the terms set forth in the Stockholder's Offer.
Cash Portion. During the Employment Period, the Company shall pay the Executive, in cash, a base salary at the rate of $200.00 per month (the "Cash Base Salary"), payable in installments of $100.00 per pay period in accordance with the Company's regular payroll practice for its senior executives, as in effect from time to time.
Cash Portion. At the Closing, Seller will receive an aggregate amount of cash equal to $300,000 less the Deposit and the Second Deposit (to the extent previously paid).
