Closing Date Payments. At the Closing, (a) Buyer shall pay to Sellers cash by wire transfer of immediately available funds in an amount equal to (i) the Cash Consideration minus (ii) the Deposit minus (iii) the GoB Escrow Amount minus (iv) the IP Escrow Amount and (b) Sellers shall direct the Deposit Escrow Agent to indefeasibly transfer the Deposit to an account designated by Sellers.
Appears in 2 contracts
Samples: Asset Purchase Agreement (OVERSTOCK.COM, Inc), Asset Purchase Agreement (Bed Bath & Beyond Inc)
Closing Date Payments. At the Closing, (a) Buyer shall pay to Sellers cash by wire transfer of immediately available funds in an amount equal to (i) the aggregate of the Cash Consideration and the Inventory Purchase Price minus the Minimum Deposit (ii) the Deposit minus (iii) the GoB Escrow Amount minus (iv) the IP Escrow Amount “Closing Date Payment”), and (b) Sellers and Buyer shall direct the Deposit Escrow Agent to indefeasibly transfer the Minimum Deposit to an account designated by Sellers.
Appears in 2 contracts
Samples: Asset Purchase Agreement, Asset Purchase Agreement (Camping World Holdings, Inc.)
Closing Date Payments. At the Closing, (a) Buyer shall pay to Sellers cash by wire transfer of immediately available funds in an amount equal to (i) the Cash Consideration minus (ii) the Deposit minus (iii) the GoB Escrow Amount minus (iv) the IP Escrow Amount and (b) Sellers shall direct the Deposit Escrow Agent to indefeasibly transfer the Deposit to an account designated by Sellers.
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