Payment of Cash Portion of Closing Purchase Price Sample Clauses

Payment of Cash Portion of Closing Purchase Price. At the Closing, Buyer shall (i) transfer payment of $900,000 of the cash portion of the Purchase Price to the Sellers' Closing Escrow Agent, in accordance with the Sellers' Closing Escrow Agreement; (ii) transfer payment of $4,350,000 of the cash portion of the Purchase Price to Buyer's Closing Escrow Agent, in accordance with the Buyer's Closing Escrow Agreement; and (iii) transfer payment of $150,000 of the cash portion of the Purchase Price to the Indemnity Escrow Agent, in accordance with the Indemnity Escrow Agreement as discussed in Section 2.06(d) below. Buyer's Closing Escrow Agent and the Sellers' Closing Escrow Agent shall pay to each of the Sellers on the Effective Date their allocated pro rata cash portions of the Purchase Price in accordance with the Closing Escrow Agreements, subject to Section 2.06(d) of this Agreement. Subject to Section 2.06(d) hereof, the cash portion of the Purchase Price shall be transferred by Buyer's Closing Escrow Agent and the Sellers' Closing Escrow Agent to each of the Sellers on the Effective Date by a certified check and/or by wire transfer of immediately available funds to accounts designated by each of the Sellers in writing prior to the Closing Date. (d)
Sample 1
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Payment of Cash Portion of Closing Purchase Price. At the Closing, upon receipt of the Shares and surrender of the promissory notes to the Company as provided in SECTION 1.04(a), Purchaser shall pay to each of the Sellers and the Company their allocated cash portions of the Purchase Price, the Company shall pay to Xx. Xxxxxxxxxx and the X.X.X. 2000 Irrevocable Trust the respective amounts in payment of the surrendered promissory notes as set forth SECTION 1.02(a). The cash portion of the Purchase Price payable by Purchaser to each of the Sellers will be paid at Closing by wire transfer of immediately available funds to accounts designated by each of the Sellers in writing prior to the Closing.
Sample 1

Related to Payment of Cash Portion of Closing Purchase Price

  • Closing Purchase Price The Closing Purchase Price (the "Closing Purchase Price") shall be paid or delivered by Buyer at Closing in the following manner:

  • Post-Closing Purchase Price Adjustment (a) As promptly as practicable, but in no event later than ninety (90) days following the date of the Applicable Closing, Parent shall prepare and deliver to SunGard Data a statement (the “Post-Closing Statement”), certified by the chief financial officer of Parent and accompanied by reasonable supporting detail, setting forth the Closing Net Working Capital, the Company Transaction Fees and Expenses and the Merger Consideration, including, in each case, the calculation thereof in reasonable detail. The calculations set forth in the Post-Closing Statement shall be final and binding on all Parties unless SunGard Data gives Parent written notice of its objections thereto (an “Objection Notice”), with reasonable supporting detail as to each such objection (each, a “Post-Closing Calculation Objection”), within forty-five (45) days after receipt of the Post-Closing Statement (the “Objection Period”). In the event SunGard Data fails to give Parent an Objection Notice prior to the expiration of the Objection Period or otherwise earlier notifies Parent in writing that SunGard Data has no objections to the calculations set forth in the Post-Closing Statement, the Post-Closing Statement shall be deemed final and binding on all Parties hereto, and all payments to be made in accordance with Section 3.4(d) shall be derived therefrom. Any component of the calculations set forth in the Post-Closing Statement that is not the subject of a timely delivered Objection Notice by SunGard Data shall be final and binding on all Parties except to the extent such component could be affected by other components of the calculations set forth in the Post-Closing Statement. Throughout the period following the Closing Date until the components of the calculations set forth in the Post-Closing Statement are deemed final and binding pursuant to this Section 3.4, subject to Section 7.21, Parent shall permit SunGard Data and its Representatives reasonable access (with the right to make copies), during business hours upon reasonable advance notice, to the financial books and records of the Surviving Corporation and its Subsidiaries for the purposes of the review and objection right contemplated herein.

  • Cash Purchase Price The term "Cash Purchase Price" shall have the meaning set forth in Section 2.3(a).

  • Share Purchase Price The aggregate purchase price for the Purchased Shares (the "Share Purchase Price") will consist of the payment of an amount of cash, equal to $30.10 per Purchased Share, as set forth on Schedule I.

  • Purchase Price Payment Purchaser shall deliver to SAFEDOX the sum of $5,000 in payment of the 16,667 shares of Common Stock purchased by Purchaser hereunder, a per share price of $.30, which payment shall be delivered as provided in paragraphs VI and VII hereinbelow.

  • Purchase Price; Payment of Purchase Price In addition to the Assumed Liabilities described below, the aggregate consideration for the Subject Assets (the “Purchase Price”) shall be the amount equal to: $2,000,000. The Purchase Price shall be subject to adjustment as set forth in Section 1.7 below as so adjusted.

  • Purchase Price; Consideration Purchaser shall, on the date hereof (the “Closing Date”), issue to Seller a promissory note, substantially in the form attached hereto as Exhibit B, in the sum of Fifteen Thousand Dollars ($15,000) (the “Promissory Note”) as the consideration for the Ownership Interests.

  • Closing Consideration The closing consideration shall be delivered at the Closing as follows:

  • Aggregate Purchase Price The aggregate purchase price for the Notes (the “Aggregate Purchase Price”) shall equal the result of (x) divided by (y), where (x) equals the Aggregate Principal Amount and (y) equals 1.25. Each date upon which a Closing occurs is a “Closing Date”.

  • The Purchase Price Notwithstanding the termination of the Option, Grantee will be entitled to exercise its rights under this Section 6(c) if it has exercised such rights in accordance with the terms hereof prior to the termination of the Option.

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