Payment of Cash Purchase Price. On the Original Closing Date (subject to the satisfaction of the conditions specified in Section 4.1), each Funding Agent, on behalf of its applicable Owners, paid its Ownership Group Percentage of the Initial Cash Purchase Price for the Transferred Assets relating to the Initial Receivables, not later than 2:00 p.m. New York City time on the Original Closing Date by wire transfer of immediately available funds to the Transferor’s account specified by the Transferor in a notice to each Funding Agent. On the 2016 Amendment Closing Date and on each Funding Date (subject to the satisfaction of the conditions specified in Section 4.2), each Funding Agent, on behalf of its applicable Owners, shall pay its Ownership Group Percentage of the Incremental Funding not later than 2:00 p.m. New York City time on such Funding Date by wire transfer of immediately available funds to the Transferor’s account specified by the Transferor in a notice to each Funding Agent at least four (4) Combined Business Days prior to such Funding Date.
Payment of Cash Purchase Price. The Seller shall have received the Cash Purchase Price less the Seller Transaction Expenses in accordance with Section 2.03.
Payment of Cash Purchase Price. The Cash Purchase Price payable at Closing shall be paid in the following manner:
Payment of Cash Purchase Price. Salem shall pay the Cash Purchase Price as follows:
Payment of Cash Purchase Price. Subject to Section 2.7, the Cash Purchase Price shall be paid as follows:
Payment of Cash Purchase Price. The Cash Purchase Price shall be payable by wire transfer of immediately available federal funds to such bank account or accounts as shall be designated in writing by Seller to Buyer at least three (3) business days prior to the Closing.
Payment of Cash Purchase Price. At the Closing, the Cash Purchase Price shall be paid by the Buyer to the County via wire transfer of immediately available funds in accordance with the wire transfer instructions delivered to the Buyer by the County not less than three (3) Business Days prior to the Closing Date. The County shall immediately upon receipt of the Cash Purchase Price pay to its creditors an amount sufficient to pay all Indebtedness of the County in respect of the Facilities and the other Purchased Assets as of the Closing Date (up to the entire amount of the Cash Purchase Price) as shown on the Payoff Letters (as defined in Section 3.2(a)(xii)) via wire transfer of immediately available funds in accordance with the payment instructions set forth in such Payoff Letters. If the amount of the Cash Purchase Price shall be less than the amount of all Indebtedness of the County in respect of the Facilities and the other Purchased Assets as of the Closing Date, the County shall pay out of its own funds an amount sufficient to pay and discharge in full such Indebtedness of the County in excess of the Cash Purchase Price, which shall include, without limitation, all amounts as may be required to defease or prepay in full the tax-exempt Cecil County Sanitary District Bond, Series 2002, and the tax-exempt Cecil County Sanitary District Bond, Series 2003A (collectively, the “Bonds”). To the extent that the Cash Purchase Price exceeds the amount necessary for the County to pay all Indebtedness of the County in respect of the Facilities and the other Purchased Assets as of the Closing Date (the "Excess"), such Excess may not be required to be paid by the Buyer to the County at Closing but may, alternatively, be financed by the County. Upon application by the Buyer to the County at least sixty (60) days prior to the date otherwise fixed for Closing, and with the County's consent, the Excess shall be financed by the County, and shall be repaid upon such terms, and at such rate of interest as the County and the Buyer shall agree; in which case the Buyer's repayment obligation with respect to the Excess shall be evidenced by the Buyer's promissory note delivered by the Buyer to the County at the Closing (the “NAV Note”). For the avoidance of doubt, all amounts payable in respect of Liabilities on the Bonds for arbitrage rebate accruing upon defeasance of the Bonds or otherwise are and shall remain the responsibility of the County. If the Buyer shall be required to pay any amounts in respect o...
Payment of Cash Purchase Price. (a) The Cash Purchase Price shall be paid by Buyer as follows:
Payment of Cash Purchase Price. The Cash Purchase Price shall be allocated among the Sellers as follows (the "Cash Purchase Price Fractions"): - Mr. Piazzolla: 60% of the Cash Purchase Price; - Mrs. Piazzolla: 40% of the Cash Purchase Price. The payment of the Cash Purchase Price Fractions shall be made by wire transfer, in immediately available funds, value date as of the Closing Date, to the bank accounts that shall be indicated in writing by the Sellers to the Purchaser not later than 10 Business Days prior to the Closing Date.
Payment of Cash Purchase Price. At the Closing, Buyer shall pay to Seller, by delivery of immediately available funds by wire transfer to an account designated by Seller in writing to Buyer, an amount equal to the Cash Purchase Price less the Deposit.
