Payment of Cash Amount. At the Closing, the Buyer (i) shall pay the Cash Amount, plus the amount by which the Estimated Net Working Capital Amount exceeds Six Hundred Seventy Seven Thousand Dollars ($677,000) (the “Target Working Capital”) or minus the amount by which the Estimated Net Working Capital Amount is less than the Target Working Capital, less Five Million Dollars ($5,000,000) (the “Closing Amount”) by wire transfer of immediately available funds to an account designated by the Seller and (ii) shall pay Five Million Dollars ($5,000,000) (the “Escrow Amount”) to XX Xxxxxx Xxxxx Bank N.A., as escrow agent (the “Escrow Agent”) by wire transfer of immediately available funds to an account designated by the Escrow Agent at least two (2) business days prior to the Closing.”
Payment of Cash Amount. The Purchaser shall pay the Estimated Cash Amount to the Vendor at Closing pursuant to Section 2.4. On the Adjustment Date (a) the Purchaser shall pay to the Vendor the amount, if any, by which the Cash Amount exceeds the Estimated Cash Amount or (b) the Vendor shall pay to the Purchaser the amount, if any, by which the Estimated Cash Amount exceeds the Cash Amount.
Payment of Cash Amount. Subject to the terms and conditions set forth herein and in the Related Agreements, at the Closing GFI Caminus shall pay to ZAI*NET the ZAI*NET Cash Amount.
Payment of Cash Amount. (1) If the Closing Date Working Capital is equal to the Target Working Capital, no adjustment shall be made to the Base Cash Amount and the Purchaser shall pay the Vendor the Base Cash Amount (in one installment) on or before the Payment Deadline.
Payment of Cash Amount. Not later than three (3) Business Days following the date on which the Cash Amount is deemed to be final, binding and conclusive, (a) if the Cash Amount exceeds the Actual Cash Amount, then HP Co. shall pay to Spinco an amount equal to such difference, and (b) if the Cash Amount is less than the Actual Cash Amount, then Spinco shall pay to HP Co. an amount equal to such difference, in either case in cash by wire transfer in immediately available funds to a bank previously designated by HP Co. or Spinco, as the case may be. ARTICLE V
Payment of Cash Amount. Once the Cash-Based Award has vested under this Agreement, the Company will deliver the total amount in the Cash-Based Account of the Grantee, without interest or any other appreciation factor, within 60 days following the Vesting Date, or if earlier, the Grantee’s termination of service in accordance with Section 3(b). Notwithstanding the foregoing, to the extent any portion of the Cash-Based Award is subject to Code Section 409A, if any portion of the Cash-Based Award vests prior to the Vesting Date in connection with a Grantee’s “separation from service” within the meaning of Code Section 409A and the Grantee is a “specified employee” within the meaning of Code Section 409A at the time of such separation from service, that portion of the Cash-Based Award will be paid on the first business day after the date that is six (6) months following the date of the Grantee’s separation from service (or if earlier, the Grantee’s date of death). The payment of the Cash-Based Award shall be subject to payment of the applicable withholding tax liability and the forfeiture provisions of this Agreement. If the Grantee dies before the Company has distributed any portion of the vested Cash-Based Award, the Company will transfer any amount payable with respect to the vested Cash-Based Award in accordance with the Grantee’s written beneficiary designation or to the Grantee’s estate if no written beneficiary designation is provided.
Payment of Cash Amount. At the Closing, Purchaser shall pay or cause to be paid to Seller the Cash Amount in cash by wire transfer of immediately available funds to such bank account as shall be designated in advance by Seller in writing and set forth on the Flow of Funds Memorandum.
Payment of Cash Amount. The Cash Amount shall be payable to the Sellers as follows:
Payment of Cash Amount. Not later than three (3) Business Days following the date on which the Cash Amount is deemed to be final, binding and conclusive, (a) if the Cash Amount exceeds the Estimated Cash Amount, then Spinco shall pay to Forest an amount equal to such excess, with interest accrued thereon from the Distribution Date to the payment date at the rate of 6.5% per annum, and (b) if the Cash Amount is less than the Estimated Cash Amount, then Forest shall pay to Spinco an amount equal to such difference, with interest accrued thereon from the Distribution Date to the payment date at the rate of 6.5% per annum, in either case in cash by wire transfer in immediately available funds to a bank previously designated by Forest or Spinco, as the case may be.
Payment of Cash Amount. In recognition of the value to the Company and the cost to the Series A Holder of such conversion contemplated by Section 1 above, and in consideration of the Series A Holder’s irrevocable agreement to convert the Series A Shares, the Company shall, on the Effective Date, pay to the Series A Holder the Cash Amount.
