Common use of Initial Cash Consideration Clause in Contracts

Initial Cash Consideration. Subject to Section 1.7.6, the Purchaser shall pay to the Paying Agent, by wire transfer of immediately available funds to the account specified by the Paying Agent to the Purchaser, an amount equal to the Estimated Purchase Price minus the Consideration Share Amount, minus the Adjustment Holdback and the Indemnity Holdback (the “Initial Cash Consideration”), such amount to be paid by the Paying Agent amongst the Vendors in accordance with their respective Designated Percentages;