Closing and Payment of Purchase Price. 6.1. At the closing of any purchase and sale pursuant to this Agreement, the Shareholder shall deliver:
Closing and Payment of Purchase Price. The Closing must occur on the Closing Date and, at Seller’s option, will be conducted electronically, by Electronic Transfer, or in person at a place designated by Seller. Xxxxx agrees to pay to Seller at the Closing, by wire transfer of immediately available funds, the amount of the Purchase Price less the Xxxxxxx Money Deposit previously paid by Xxxxx. Wire transfers must be made to Seller’s account in accordance with such instructions as Seller provides to Buyer in writing on or prior to the Closing Date.
Closing and Payment of Purchase Price. The closing of a purchase and sale pursuant to this Section 3 shall be held at the principal office of the Company in the State of Arizona (or such other office as is designated by the purchasing parties) on or before the one hundred and twentieth (120th) day after the delivery of the first notice of such purchasing parties’ election to purchase the Selling Party’s Stock in accordance with Sections 3.1-3.5, as applicable. The Purchase Price shall be paid by the Company at the closing, in cash, or by the delivery of (i) one (1) or more certified or bank cashier’s checks drawn and made payable to the order of the Selling Party for an amount equal to 25% of the Purchase Price (or more at the election of the purchasing person), and (ii) one (1) or more non-recourse promissory notes in an amount equal to the balance of such Purchase Price executed by the purchasing parties. Any promissory note delivered pursuant to this Section 3.5(b) shall contain terms providing for (i) annual interest accruing at a rate equal to the lesser of (a) the Xxxxx Fargo Bank commercial reference (prime) lending rate, compounded annually, and adjusted concurrently with any adjustments to any such prime rate., or (b) the maximum non-usurious rate then permitted by law (if the usury laws are applicable), and (ii) payments of equal quarterly installments of principal and interest commencing on the first day of the first calendar quarter following the closing of the purchase of the Selling Party’s Stock so that the entire principal amount is fully amortized over a five (5) year period. In addition, any such promissory note may be prepaid at any time without prepayment penalty. In order to secure the repayment of the promissory note described above, the purchasing parties shall grant a security interest in favor of the Selling Party in and to the stock purchased by such purchasing parties and the purchasing parties hereby agree to execute any and all documents, instruments and/or agreements reasonably necessary to create, perfect and continue such security interest including, without limitation, Uniform Commercial Code financing and continuation statements and other security instruments.
Closing and Payment of Purchase Price. (a) A closing (the "Closing") shall take place at 10:00 a.m. on February 9, 1999 at the offices of the Sellers at 000 Xxxxxx Xxxxxx, Norwalk, CT 06851 (the "Closing Date").
Closing and Payment of Purchase Price. 2.1 Progress toward Closing shall be made with all deliberate speed by the Parties hereto.
Closing and Payment of Purchase Price. The Closing will occur on the Loan Sale Closing Date, and, at Seller’s option, be either by mail or conducted in person at a place designated by Seller. Buyer agrees to pay to Seller at the Closing, by wire transfer of immediately available funds, the amount of the Purchase Price less the Xxxxxxx Money Deposit previously paid by Buyer. Wire transfers must be made to Seller’s account in accordance with such instructions as Seller provides to Buyer in writing on or prior to the Loan Sale Closing Date.
Closing and Payment of Purchase Price. 10 SECTION 11. Transfer Upon Termination of Employment................................................ 11
Closing and Payment of Purchase Price. 7 4.1 Closing. ........................................................7 4.2 Deliveries at the Closing. ......................................7 4.3 Stockholders' Representative......................................8 4.4 Restrictions on PSDI Shares.......................................9
Closing and Payment of Purchase Price. 8.1 At the closing, each Selling Stockholder shall deliver:
Closing and Payment of Purchase Price. If any offer made pursuant to Section 3.8.1 is accepted by University or an Approved Purchaser, the closing thereon shall occur within ninety (90) days of acceptance of Home Owner’s offer, and the purchase price shall be paid in cash as follows:
