Payment by the Purchaser. Subject to Clause 6.2, the Purchaser orders on the Closing Date the escrow agent bank to release all the Purchase Price in the Escrow Account to the Sellers, and thereafter the Escrow Account shall be cancelled.
Payment by the Purchaser. Payment by the Purchaser further to Clause 2.5 shall be made (A) on the fifth Business Day following the Delivery Date and (B) to the Seller Proceeds Account.
Payment by the Purchaser. The Purchaser shall pay the Purchase Price to the Sellers on the Closing date, and withhold an amount equivalent to the 0.3% Securities and Transaction Tax and the relevant bank charges for effecting the payment, to the accounts designated by each of the Sellers. The Purchaser agrees to pay to the competent tax authorities, on the Closing Date, the Securities and Transaction Tax payable on the sale of the Sale Shares. The Parties acknowledge that the Purchase Price is based on the assumption that the net book value of the Company on the Closing Date (the “Closing Book Value”) will be equal to the net book value reflected on the audited balance sheet of the Company as of September 30, 2005 (the “September Book Value”). Accordingly, the Parties agree that if the Closing Book Value turns out to be different from the September Book Value, the Parties shall make an upward or downward adjustment to the Purchase Price by March 31, 2006, on a dollar for dollar basis based on the audited balance sheet as of December 31, 2005. The amount of the adjustment which is payable by the Purchaser or the Sellers, as the case may be, shall be paid within 7 business days after March 31, 2006.
Payment by the Purchaser. If the Actual Net Assets is greater ------------------------ than the Estimated Net Assets, the Purchaser will, within five (5) Business Days after the determination thereof, pay to the Seller an amount equal to the sum of (A) the Actual Net Assets minus the Estimated Net Assets plus ---- (B) interest on such difference from the Closing Date to the date of payment at an interest rate equal to the "Prime Rate" as listed in the Wall Street Journal on the Closing Date (the "Prime Rate"). Such payment will ---------- be made by wire transfer or delivery of other immediately available funds.
Payment by the Purchaser. The Purchaser shall have purchased and paid ------------------------ for the Purchased Shares.
Payment by the Purchaser. (1) Upon execution of this Agreement, the Purchaser shall pay the Seller 50% of the Total Purchase Price by delivering two checks payable no later than the Closing Date issued by Gin-Shin Technology Co., Ltd. ( , Uniform No.: 27540037). One of the checks represents 20% of the Total Purchase Price (“Check 1”) and the other check represents 30% of the Total Purchase Price (“Check 2”). Check 1 and Check 2 may be payable in New Taiwan Dollars at the exchange rate of 1:32.93 (i.e., 1 U.S. Dollar exchanges for 32.92 New Taiwan Dollars).
(2) The Purchaser shall remit the Total Purchase Price to the bank account of the Seller by wire transfer so that the Seller would be able to receive the Total Purchase Price on the Closing Date. The bank account information of the Seller is as follows: Beneficiary Bank: Chinatrust Commercial Bank Tun Pei Branch SWIFT CODE: XXXXXXXX Address: Xx. 000, Xxxxxx Xxxxx Xxxx, Xxxxxx Xxxxxx, X.X.X. Beneficiary Name: GigaMedia Limited Account No.: 000-00-0000000
(3) The Seller shall return Check 1 and Check 2 to the Purchaser upon receipt of the Total Purchase Price on the Closing Date.
(4) In the event that the Purchaser refuses to complete the transaction contemplated herein by the Closing Date, Check 1 shall become nonrefundable and the Seller shall be entitled to cash Check 1. The Seller shall return Check 2 to the Purchaser upon request of the Purchaser. The Seller shall not negotiate with any party other than the Purchaser for the transfer of the Target Shares or the transaction contemplated herein before the Closing Date. In case of a Force Majeure Event which prevents the Purchaser from completing the transaction contemplated herein, the Seller shall not be entitled to cash Check 1, unless the Purchaser refuses to complete the transaction contemplated herein on the day following the day when such Force Majeure Event ceases to exist.
Payment by the Purchaser. At the Closing, the Purchaser shall pay to the account or accounts designated by the Existing Stockholder, by wire transfer of immediately available funds, an amount in cash equal to the Purchased Securities Purchase Price.
Payment by the Purchaser. The Purchasers will be entitled to receive NT$93,885,137 as net proceeds for their sale of shares under a separate Share Purchase Agreement entered into between the Parties. The Parties agree that Xxx and Li, the custodian under the aforementioned agreement, shall remit the proceeds to an account jointly opened by the Parties upon its receipt of a written instruction from the Parties. The proceeds deposited in such joint account shall be used exclusively for purpose of effecting payment of the Purchase Price by the Purchasers. Any interest generated from the account shall be used to pay any Securities Transaction Tax payable for the sale of the Sale Shares by the Seller.
Payment by the Purchaser. If the Actual Closing Common Value is greater than the Estimated Closing Common Value, the Purchaser will, within five (5) business days after the determination thereof, pay to the Seller an amount equal to the sum of (A) the Actual Closing Common Value MINUS the Estimated Closing Common Value PLUS (B) a fee on such difference from the Closing Date to the date of payment calculated using a rate equal to the "Prime Rate" as listed in THE WALL STREET JOURNAL (Midwest Edition) on the Closing Date (the "PRIME RATE"). Such payment will be made by wire transfer or delivery of other immediately available funds.
Payment by the Purchaser. If the Actual Net Working Capital Amount exceeds the Actual Baseline Net Working Capital Amount, then the Purchaser shall, within five (5) Business Days after the determination thereof, pay to the Sellers an aggregate amount equal to the result of (x) the Actual Net Working Capital Amount, minus (y) the Actual Baseline Net Working Capital Amount, plus (z) interest on the difference between (x) and (y) from the Closing Date to the date of payment at an interest rate equal to the "Prime Rate" as listed in the Wall Street Journal on the Closing Date (the "Prime Rate"). Such payment will be made by wire transfer or delivery of other immediately available funds on the Final Payment Date.
