Common use of Initial Cash Payment Clause in Contracts

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. At the Closing, upon surrender to the Buyer of certificates representing all and not less than all of the Shares, the Buyer shall pay to each of the Seller Sellers an amount of cash equal to fifty percent (50%) of the Initial Cash Payment. The Initial Cash Payment will be payable by means of wire transfer to an account accounts specified in writing to the Buyer by the Seller Sellers not less than five Business Days before the Closing Date.

Initial Cash Payment. At Within five Business Days after the Closing, upon surrender to the Buyer of certificates representing all and not less than all of the Company Shares, the Buyer shall pay to the Seller Stockholder the Initial Cash Payment. The Initial Cash Payment will be payable by means of wire transfer to an the account specified in writing to the Buyer by the Seller Stockholder not less than five Business Days before the Closing Date.