Deposits to Escrow. (a) DEPOSITS BY OPTIONOR. At least two (2) business days prior to Close of Escrow, Optionor shall deposit with escrow holder the following documents and funds:
Deposits to Escrow. By 28 March 2022 the Buyer shall pay to the Escrow Account, in Immediately Available funds an amount of EUR 26,000,000, equal to the Purchase Price.
Deposits to Escrow. No later than 3 Business Days prior to the intended Closing Date Buyer shall pay to the Escrow Account, in Immediately Available funds an amount equal to the Purchase Price reduced only by the sum of EUR 50,000 (the “Smolyan Liquidation Costs Deposit”).
Deposits to Escrow. No later than one (1) Business Day prior to the Completion Date, the Purchaser shall pay in immediately available funds to the Escrow Account the Purchase Price in accordance with Section 2.3 above. To avoid any doubt, the Purchase Price is deemed to be paid to the Seller when it is credited to the Seller’s bank account pursuant to Clause 5.3(j) (i.e., not at the moment when it is credited to the Escrow Account).
