Closing Cash Payment. At Closing, Purchaser shall make a cash payment of Fifty Five Million Dollars ($55,000,000) (the “Closing Cash Payment”) by wire transfer of immediately available funds to a bank account in the United States identified by Seller to Purchaser in writing at least two (2) Business Days prior to the Closing Date (the “Seller Bank Account”).
Closing Cash Payment. The balance of the Purchase Price remaining after credit for the Deposit and adjustments for Buyer's share of proration, costs and other amounts expressly set forth in this Agreement shall be paid by Buyer by wire transfer of immediately available funds into Escrow on the Closing Date.
Closing Cash Payment. At the Closing, Buyer shall pay, by wire transfer of immediately available funds:
(i) to each Class A Stockholder and to each Class B Stockholder, an amount equal to (1) the product of (A) the Per Share Closing Cash Payment multiplied by (B) the number of shares of Class A Common Stock and/or Class B Common Stock being sold by such Seller on the Closing Date, less (2) an amount equal to such Seller’s Non-Employee Seller Escrow Amount;
(ii) to each Non-Employee Class C Stockholder, an amount equal to (1) the product of (A) the Per Share Closing Cash Payment multiplied by (B) the number of shares of Class C Common Stock (including, if applicable, those shares of Class C Common Stock acquired upon exercise of the Class C Options by such Non-Employee Stockholder on the Closing Date) being sold by such Seller on the Closing Date less (2) the aggregate exercise price payable by such Non-Employee Stockholder to the Company upon exercise of the Class C Options on the Closing Date by such Non-Employee Stockholder, if applicable, less (3) an amount equal to such Seller’s Non-Employee Seller Escrow Amount, and less (4) Company Withholding Taxes, as applicable;
(iii) to each Employee Stockholder, an amount equal to (1) the product of the Per Share Closing Cash Payment multiplied by the number of shares of Class C Common Stock (including, if applicable, those shares of Class C Common Stock acquired upon exercise of the Class C Options by such Employee Stockholder on the Closing Date) being sold by such Seller on the Closing Date, less (2) the aggregate exercise price payable by such Employee Stockholder to the Company upon exercise of the Class C Options on the Closing Date by such Employee Stockholder, if applicable, less (3) the Deferred Proceeds for such Employee Stockholder, and less (4) Company Withholding Taxes, as applicable; and
(iv) to the Company, the Aggregate Company Withholding Taxes.
Closing Cash Payment. The Aggregate Purchase Price due at Closing and provided evidence thereof reasonably satisfactory to the Company.
Closing Cash Payment. Purchaser shall deliver to Seller at the -------------------- Closing in partial payment for the termination of the Original Agreement (the "Fee") and the sale, assignment, conveyance, transfer and delivery of --- the Assets and the Marketing Books and Records, immediately available funds in the amount of Five Million Dollars ($5,000,000.00);
Closing Cash Payment. One Million Five Hundred Thousand Dollars ($1,500,000) less the Escrow Funds in accordance with Section 6.4 hereof, payable in cash at the Effective Time via wire transfer in accordance with Section 2.6(b); and
Closing Cash Payment. The balance of NetREIT's Cash Contributions to the Partnership's Capital as required by Section 2.2 remaining after deduction for the Deposit and as adjusted by any prorations and credits expressly provided in this Agreement shall be paid by NetREIT by wire transfer of immediately available funds into the Escrow Account on the Closing Date, as provided in Section 4.4.2(a). 2.3
Closing Cash Payment. (a) For purposes of Closing, the Member Representative has delivered to Buyer a statement in form and substance reasonably acceptable to Buyer (the “Closing Estimated Statement”) setting forth the Company’s good faith estimate of: (i) the estimated Working Capital as of the Calculation Time (the “Estimated Working Capital”); (ii) (A) the amount, if any, by which the Estimated Working Capital is greater than the Working Capital Target, or (B) the amount, if any, by which the Working Capital Target is greater than the Estimated Working Capital (as applicable, the “Estimated Working Capital Adjustment”); (iii) the estimated amount of Indebtedness of the Company Group as of the Calculation Time (the “Estimated Indebtedness”); (iv) the estimated amount of Transaction Expenses of the Company Group as of the Calculation Time (the “Estimated Transaction Expenses”); and (v) the estimated amount of Cash of the Company Group as of the Calculation Time (the “Estimated Cash”), together with all backup and supporting materials reasonably requested by Buyer relating to such estimates. The “Closing Cash Payment” shall be a Dollar amount equal to the Closing Cash Amount, plus or minus the Estimated Working Capital Adjustment (as applicable), minus the Estimated Indebtedness, minus the Estimated Transaction Expenses, plus the Estimated Cash; provided, that the aggregate adjustments to the Closing Cash Amount pursuant to this sentence shall not, collectively, have an absolute value of greater than $1,000,000.00; and provided, further, that the Closing Cash Payment shall be subject to adjustment as set forth in Section 2.7.
Closing Cash Payment. 3.2(b)(iii) Closing Date Cash Amount........................................................... 3.2(b)(i) Closing Statement .............................................................................3.2(b) Commitment Fee ....................................................................................3.1
Closing Cash Payment. At the Closing, Buyer shall pay to the Seller, by wire transfer of immediately available funds to an account designated in writing by the Seller to Buyer no later than two (2) Business Days prior to the Closing Date, an amount equal to (x) the Cash Purchase Price minus (y) the sum of the Cash Deposit.
