First Post-Closing Payment Sample Clauses

First Post-Closing Payment. On the one (1)-year anniversary of the Closing Date (the “First Post-Closing Payment Date”), Transferor shall pay or cause to be paid to Acquiror in cash by wire transfer of immediately available funds to the account designated by Acquiror a portion of the Purchase Price in an amount equal to fifty million dollars ($50,000,000.00) (the “First Post-Closing Payment”); provided, that at the request and direction of Acquiror in accordance with Section 2.03(i) below, Transferor shall deliver all or a portion of the First Post-Closing Payment to one or more Commercial Counterparties on the First Post-Closing Payment ​ Date, and any such payment made by Transferor to such Commercial Counterparties in accordance with such request and direction shall be deemed to satisfy, on a dollar-for-dollar basis, Transferor’s obligation to deliver the First Post-Closing Payment to Acquiror.