Payment by Sellers Sample Clauses
The 'Payment by Sellers' clause defines the obligation of the sellers to make specific payments as required under the agreement. Typically, this clause outlines the types of payments sellers must make, such as covering certain costs, fees, or reimbursements, and may specify deadlines, methods of payment, and any conditions that trigger these payments. By clearly stating the sellers' payment responsibilities, this clause ensures financial obligations are understood and met, thereby reducing the risk of disputes and ensuring smooth transaction execution.
Payment by Sellers. In the event that the Final Working Capital is less than the Target Working Capital, then the Purchaser shall be entitled to a set off against the Note described in Section 1.04 for the amount of such difference.
Payment by Sellers. For the avoidance of doubt, any payments to be made jointly by the Sellers to the Buyer under this Agreement (including without limitation, Sections 9.3(a) and 10.1), shall be allocated amongst each Seller, so that they receive a pro rata share of the Purchase Price equal to the fraction the numerator of which is the number of Sale Shares to be sold by such Seller and the denominator of which is the aggregate number of Sale Shares (the “Seller Ownership Percentage”).
Payment by Sellers. If the Actual Closing Date Working Capital Amount is less than the Estimated Working Capital (the amount of such deficit being the “Working Capital Deficit Adjustment”), the Surviving Corporation and the Sellers’ Representative shall jointly instruct the Escrow Agent to pay to the Surviving Corporation, from the Escrowed Amount, an aggregate amount equal to the Working Capital Deficit Adjustment, together with interest earned in the escrow thereon, if any, as provided in the Escrow Agreement, after taking into account any amounts paid pursuant to Section 1.8(c)(iii). Such payment will be made in cash, by cashier’s or certified check, or by wire transfer of immediately available funds to an account designated by the Surviving Corporation.
Payment by Sellers. If the 1999 Funded Debt, as finally determined, is greater than the Estimated Funded Debt, Sellers will, on the Final Payment Date, pay to the Purchaser an amount, in cash, equal to such difference.
Payment by Sellers. 17 ARTICLE II
Payment by Sellers. If the Sitrick Co Final Working Capital is less than the Sitrick Co Estimated Working Capital, then Sitrick Co shall, within five (5) Business Days after the determination of the Sitrick Co Final Working Capital pay to Buyer an amount equal to the excess of the Sitrick Co Estimated Working Capital over the Sitrick Co Final Working Capital, by wire transfer of immediately available funds.
Payment by Sellers. To the extent any liability or obligation of Sellers arises pursuant to Section 7.2(a) and has not been satisfied in full pursuant to the application of the provisions of paragraph (i) above, Sellers shall be jointly and severally liable for such amount not so satisfied and shall promptly upon demand pay to Purchasers or the applicable Purchaser Indemnified Party, via personal check or wire transfer of readily available funds, at the discretion of the party receiving such amount, the amount of such liability or obligation not so satisfied.
Payment by Sellers. 32 6.13 Termination and Amendment of Certain Employee Benefit Plans. . . .32
Payment by Sellers. If the Brincko Final Working Capital is less than the Brincko Estimated Working Capital, then Brincko shall, within five (5) Business Days after the determination of the Brincko Final Working Capital pay to Buyer an amount equal to the excess of the Brincko Estimated Working Capital over the Brincko Final Working Capital, by wire transfer of immediately available funds.
Payment by Sellers. At the Closing, the Principal Sellers shall pay or cause Hanbet to pay $854,528.30 to Ginsbury U.S. in full satisfaction of the notes receivable from Hanbet to Ginsbury U.S.