Common use of Estimated Cash Payment Clause in Contracts

Estimated Cash Payment. Seller Representative has delivered to Buyer (a) a certificate signed by the Seller Representative setting forth Sellers’ best estimate of the Debt Amount, Transaction Expenses Balance, Working Capital as of the Closing Date, the Working Capital Deficit, if any, the Representative Expense Fund Amount in each case as of the Closing Date and, based on such estimates, a calculation of the Cash Payment (the “Estimated Cash Payment”) and (b) all records and work papers necessary to compute and verify the information set forth in such certificate.

Appears in 3 contracts

Samples: Membership Interest Purchase Agreement (Village Farms International, Inc.), Membership Interest Purchase Agreement (Village Farms International, Inc.), Membership Interest Purchase Agreement (Village Farms International, Inc.)

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Estimated Cash Payment. Seller The Representative has delivered to Buyer (a) a certificate signed by the Seller Representative setting forth Sellers’ the Representative’s best estimate of the Cash Amount, Debt Amount, Transaction Expenses BalanceAmount, and Working Capital as of the Closing DateSurplus, the if any, or Working Capital Deficit, if any, the Representative Expense Fund Amount in each case as of the Closing Date and, based on such estimates, a calculation of the Cash Payment (the “Estimated Cash Payment”) and (b) all records and work papers necessary to compute and verify the information set forth in such certificate.

Appears in 1 contract

Samples: Stock Purchase Agreement (OptimizeRx Corp)

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