Initial Cash Payment Sample Clauses
The initial-cash-payment clause establishes the requirement for a specified sum of money to be paid upfront at the start of a contractual relationship. Typically, this payment is due upon signing the agreement or before services or goods are delivered, and it may be a fixed amount or a percentage of the total contract value. Its core function is to secure the commitment of the parties involved and provide immediate working capital or assurance to the receiving party, thereby reducing the risk of non-payment or default later in the contract.
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Initial Cash Payment. Buyer shall have paid in cash to Builder in an Initial Cash Payment in the amount of $ 10,000.00 at the signing of the Reservation Agreement. A second deposit of $ 15,000.00 shall be paid by the Buyer AT SIGNING OF THIS CONTRACT (that shall be known as the “Deposit”) held by ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Holdings, LLC to be paid as a portion of the Total Sales Price, which shall be retained by the Builder as liquidated damages if this Contract is terminated for any reason other than a Builder's Event of Default (as defined below) or Builder's Termination Right (as defined below). Builder and Buyer agree that it is not possible to calculate the exact amount of damages that Builder will suffer if this Contract is terminated for a reason other than the Builder being in default and this amount is a reasonable approximation of the damages. This amount is not intended by the parties to be a penalty in any way.
Initial Cash Payment. At the Closing, upon surrender to Merger Sub of certificates, if any, representing all and not less than all of the DDMS Shares, Merger Sub shall pay to each Shareholder an amount of cash equal to such Shareholder’s Pro Rata Percentage of the Initial Cash Payment. The Initial Cash Payment will be payable by means of wire transfer to accounts specified in writing to Merger Sub by Shareholders’ Representative not less than five Business Days before the Closing Date.
Initial Cash Payment.
3.1 The Settling Defendants will pay the Initial Cash Amount to Class Counsel within thirty (30) days after the Effective Date, which will be held in trust by Class Counsel.
Initial Cash Payment. A cash payment in the amount set forth after each Seller’s name in column B of Exhibit A hereto shall be paid by the Buyer to such Seller at the Closing (as defined in Section 2(a) hereof) in the manner provided in Section 2(b) hereof, with $6,600,000, less the amount of initial cash payments to be paid to the Optionees upon termination of their options pursuant to Section 6.4 hereof (other than payments which may be subsequently made to Optionees with respect to the Deferred Payment or the Revenue Milestone), being the total amount of cash to be paid to all of the Sellers on the Closing Date (collectively, the “Initial Cash Payment”);
Initial Cash Payment. At the Closing, upon surrender to the Buyer of certificates representing all and not less than all of the Shares, the Buyer shall pay the Seller the Initial Cash Payment. The Initial Cash Payment will be payable by means of wire transfer to an account specified in writing to the Buyer by the Seller not less than five Business Days before the Closing Date.
Initial Cash Payment. In consideration for the Purchased Assets acquired hereunder, Buyer shall pay at Closing an amount equal to One Million Nine Hundred Thousand Dollars ($1,900,000) as follows:
(i) One Hundred Fifty Thousand Dollars ($150,000) (the "Escrow Funds") to the escrow agent (the "Escrow Agent") specified in the Escrow Agreement to be held in escrow to secure any indemnification obligation of Seller or Parent under Section 4; and (ii) One Million Seven Hundred Fifty Thousand Dollars ($1,750,000) to Seller, by bank wire transfer in immediately available funds to such bank account as is designated in writing by Seller.
Initial Cash Payment. Fifty-Two Million Six Hundred Fifty-Eight Thousand Dollars ($52,658,000.00) in cash; plus
Initial Cash Payment. The Initial Cash Payment wired to the bank account(s) designated by the Company.
Initial Cash Payment. Subject to the terms and upon the conditions set forth in this Agreement, on the Closing Date, by wire transfer of immediately available funds, Purchaser shall pay to each Selling Shareholder the amount set forth next to such Selling Shareholder's name on the Schedule of Shareholders attached hereto as Exhibit B (the "Schedule of Selling Shareholders"), as consideration for all of the Shares owned by such Selling Shareholder as indicated on the Schedule of Selling Shareholders.
Initial Cash Payment. Immediately upon execution of Project Agreement No. 1, Eiger shall make a cash payment to RRD in the amount of [***] which represents: (a) [***]; and (b) [***]. Initial Cash Payment Due Upon Execution of this Project Agreement Amount [***] = Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended.