Common use of Deliveries by Purchaser at the Closing Clause in Contracts

Deliveries by Purchaser at the Closing. At the Closing, Purchaser shall deliver, or cause to be delivered to Seller, the following: (a) the Purchase Price, less the amount of the Note (as defined below), by wire transfer of immediately available funds to the account designated by Seller. The parties agree that the Seller shall pay any commission owed to the Seller’s broker at the Closing; and (b) a 12 month Promissory Note payable to Seller in the principal amount of Four Million Two Hundred Thousand Dollars ($4,200,000) bearing 5% interest and secured by the Assets (the “Note”) in the form attached hereto as Exhibit A.

Deliveries by Purchaser at the Closing. At the Closing, Purchaser shall deliver, or cause to be delivered to Seller, the following: (a) the Purchase Price, less (i) the Escrow Deposit and (ii) the amount of the Note (as defined below), by wire transfer of immediately available funds to the account designated by Seller. The parties agree that the Seller shall pay any commission owed to the Seller’s broker at the Closing; and (b) a 12 month Promissory Note payable to Seller in the principal amount of Four Two Million Two Eight Hundred Thousand Dollars ($4,200,0002,800,000) bearing 5% interest and secured by the Assets (the “Note”) in the form attached hereto as Exhibit A.