Common use of Closing Purchase Price Clause in Contracts

Closing Purchase Price. The Closing Purchase Price (the "Closing Purchase Price") shall be paid or delivered by Buyer at Closing in the following manner: (a) Subject to adjustment pursuant to Section 3.4 hereof, Buyer shall deliver an amount not to exceed the difference between Seven Hundred Thousand Dollars ($700,000) and the outstanding Indebtedness (the "Cash Funds") in immediately available funds in the form of cash, cashier's check or wire transfer; and (b) Buyer shall deliver 5,300,000 shares of newly issued shares of common stock, par value $2.00 per share, of Buyer (the "VDC Shares") in accordance with the provisions of Section 3.3; and (c) Buyer shall satisfy of the Indebtedness.

Closing Purchase Price. The Closing Purchase Price (the "Closing Purchase Price") shall be paid or delivered by Buyer at Closing in the following manner: (a) Subject to adjustment pursuant to Section 3.4 hereof, Buyer shall deliver an amount not to exceed the difference between Seven Hundred Thousand Dollars ($700,000) and the outstanding Indebtedness (the "Cash Funds") in immediately available funds in the form of cash, cashier's check or wire transfertransfer with such amount as is necessary solely to satisfy the outstanding indebtedness of Seller in accordance with the provisions of Section 3.3; and (b) Buyer shall deliver 5,300,000 shares of newly issued shares of common stock, par value $2.00 per share, stock of Buyer (the "VDC Shares") in accordance with the provisions of Section 3.3; and (c) Buyer shall satisfy of the Indebtedness.

Closing Purchase Price. The Closing Purchase Price (the "Closing ---------------------- Purchase Price") shall be paid or delivered by Buyer at Closing in the following manner: (a) Subject to adjustment pursuant to Section 3.4 hereof, Buyer shall deliver an amount not to exceed the difference between Seven Hundred Thousand Dollars ($700,000) and the outstanding Indebtedness (the "Cash Funds") in immediately available funds in the form of cash, cashier's check or wire transfer; , and (b) Buyer shall deliver 5,300,000 shares of newly issued shares of common stock, par value $2.00 per share, of Buyer (the "VDC Shares") in accordance with the provisions of Section 3.3; and (c) Buyer shall satisfy of the Indebtedness.