Closing Date Payments. Buyer shall pay to Seller at Closing, in immediately available funds, by wire transfer to an account designated by Seller at least three (3) days prior to Closing, the Purchase Price, adjusted for prorated ad valorem taxes, utility charges and other apportionments as provided in Section 16.
Appears in 1 contract
Samples: Asset Purchase Agreement (Kaneb Pipe Line Operating Partnership Lp)
Closing Date Payments. On the Closing Date, Buyer shall pay to Seller at Closing(or Seller's designee), in immediately available funds, funds by wire transfer to an account designated by Seller at least three (3) days prior to ClosingSeller, the Purchase Price, adjusted for prorated ad valorem taxes, utility charges and other apportionments as provided Price minus an amount equal to the Deposit specified in Section 163(a) above (which amount shall already have been paid by Buyer to Seller upon the execution of this Agreement) plus interest thereon from the date on which the deposit was received by Seller through and including the Closing Date at a rate of 4% per annum.
Appears in 1 contract
Samples: Asset Purchase Agreement (Tesoro Petroleum Corp /New/)
Closing Date Payments. On the Closing Date, Buyer shall pay to Seller at Closing, in immediately available fundsSeller, by wire transfer of immediately available funds (to an account the account(s) designated in writing to Buyer by Seller at least in accordance with the funds flow memorandum prepared by Seller and provided to Buyer not less than three (3) days Business Days prior to Closingthe Closing Date), an amount equal to the Closing Date Net Purchase Price, adjusted for prorated ad valorem taxes, utility charges and other apportionments as provided in Section 16.
Appears in 1 contract
Samples: Equity Contribution & Purchase Agreement (Pioneer Power Solutions, Inc.)