Payment of Closing Date Payment Sample Clauses

Payment of Closing Date Payment. The Closing Date Payment shall be paid by ANC on the Closing Date as follows: (a) an amount equal to the Indemnity Escrow Fund (as defined in Section 8.7(b) shall be deposited by wire transfer of immediately available funds into the escrow account established pursuant to the Indemnity Escrow Agreement (as defined in Section 8.7(b)); (b) an amount equal to the Indenture Satisfaction Amount (as defined and determined in accordance with Section 6.15) shall be deposited by wire transfer of immediately available funds with the Indenture Trustee, in trust, for use in redeeming the ICB Debenture and ultimately the Trust Securities following the Closing as contemplated by Section 6.15; and (c) the balance of the Closing Date Payment shall be paid by ANC to ICB by wire transfer of immediately available funds to an account designated in writing by ICB to ANC at least two (2) Business Days prior to the Closing Date.
Sample 1
Payment of Closing Date Payment. Subject to the terms and conditions of this Agreement, at the Closing, Buyer (or one or more of its Affiliates as Buyer may designate to Seller in writing) shall pay or cause to be paid to Seller, in immediately available funds by wire transfer to one or more bank accounts designated in writing by Seller at least one (1) Business Day prior to the Closing Date, an amount (the “Closing Date Payment”) equal to the Cash Consideration, adjusted as follows: (i) plus the Estimated Closing Cash; (ii) minus the Certified Closing Indebtedness, which Buyer shall pay or cause to be paid to the holders thereof on behalf of the Company Entities or Seller, as applicable, by wire 18 transfer of immediately available funds in accordance with the applicable Payoff Letters, to the extent applicable; and (iii) minus the Certified Transaction Expenses, which Buyer shall pay or cause to be paid to the appropriate payees in accordance with invoices submitted therefor, if applicable, on behalf of the Company Entities or Seller, as applicable, by wire transfer of immediately available funds.
Sample 1
Payment of Closing Date Payment. The Closing Date Payment shall be paid by the Buyer on the Closing Date by federal or other wire transfer to the account or accounts designated by Seller in writing at least two (2) business days prior to the Closing.
Sample 1

Related to Payment of Closing Date Payment

  • PAYMENT OF CLOSING COSTS In addition to the costs set forth in Paragraphs 3.1 and 3.2, Purchaser and Seller shall each pay for one-half of the costs of the documentary or transfer stamps to be paid with reference to the "Deed" (hereinafter defined) and all other stamps, intangible, transfer, documentary, recording, sales tax and surtax imposed by law with reference to any other sale documents delivered in connection with the sale of the Property to Purchaser and all other charges of the Title Insurer in connection with this transaction.

  • Upfront Payment Upon the execution of this Agreement, the Lessee shall pay to the Lessor the following: (check one) ☐ - First Month’s Rent of: [AMOUNT (IN WORDS)] Dollars ($[AMOUNT (AS A NUMBER)]) ☐ - Last Month’s Rent of: [AMOUNT (IN WORDS)] Dollars ($[AMOUNT (AS A NUMBER)]) ☐ - Security Deposit of: [AMOUNT (IN WORDS)] Dollars ($[AMOUNT (AS A NUMBER)]) POSSESSION. Possession shall commence on [MM/DD/YYYY], unless otherwise agreed upon. The Lessor shall use due diligence to give possession as nearly as possible at the beginning of the Term. The Rent shall be prorated in consideration of any delay in providing possession, but the Term shall not be extended as a result of such delay. The Lessee shall make no other claim against the Lessor for the delay in obtaining possession of the Premises.

  • Additional Payment In addition to any Spousal Support, in the event of Divorce: (check one)

  • Mortgage Payments Received After Transfer Date The amount of any related Monthly Payments received by the Seller after the related Transfer Date shall be forwarded to the Purchaser by overnight mail within one (1) Business Day following the date of receipt. The Seller shall notify the Purchaser of the particulars of the payment, which notification requirement shall be satisfied if the Seller forwards with its payment sufficient information to permit appropriate processing of the payment by the Purchaser. The Seller shall assume full responsibility for the necessary and appropriate legal application of such Monthly Payments received by the Seller after the related Transfer Date with respect to related Mortgage Loans then in foreclosure or bankruptcy; provided, for purposes of this Agreement, necessary and appropriate legal application of such Monthly Payments shall include, but not be limited to, endorsement of a Monthly Payment to the Purchaser with the particulars of the payment such as the account number, dollar amount, date received and any special Mortgagor application instructions and the Seller shall comply with the foregoing requirements with respect to all Monthly Payments received by it after the related Transfer Date.

  • Revenue Sharing Agreement This Note is subject to the Company’s Revenue Sharing Agreement attached hereto as Exhibit B as if all the terms of the Revenue Sharing Agreement were set forth in this Note.

  • Final Payment A. Upon final completion and acceptance of the Work in accordance with Paragraph 15.06 of the General Conditions, Owner shall pay the remainder of the Contract Price as recommended by Engineer as provided in said Paragraph 15.06.

  • Payment of Contributions The University and eligible academic staff members shall each contribute one-half of the contributions to the Academic and Administrative Pension Plan.

  • Up-Front Payment At all times during the Effective Period other than those periods for which payment of all Billed Amounts is By Invoice, Customer shall maintain on file with 8x8 or the billing 8x8 Affiliate (as applicable) complete, accurate, and up-to-date information for at least one valid, working credit card or Customer account (sufficient to permit ACH withdrawals). Payment of all Billed Amounts – other than those for which 8x8 has agreed to payment By Invoice – shall be by charge to such credit card(s) or by ACH withdrawal from such account(s), at or near time of billing, and Customer hereby authorizes 8x8 to make such charges or withdrawals. Where payment is by such charge or withdrawal, (a) 8x8 shall post a statement of the Billed Amounts in the relevant account at or near the time of the first attempted charge or withdrawal and shall thereafter make commercially reasonable efforts to notify Customer by email and/or telephone if the charge or withdrawal is not successful and (b) Billed Amounts shall be due within fourteen (14) days of such posting.

  • Down Payment The Mortgagor has contributed at least 5% of the purchase price for the Mortgaged Property with his/her own funds.

  • Contribution Payment To the extent the indemnification provided for under any provision of this Agreement is determined (in the manner hereinabove provided) not to be permitted under applicable law, the Company, in lieu of indemnifying Indemnitee, shall, to the extent permitted by law, contribute to the amount of any and all Indemnifiable Liabilities incurred or paid by Indemnitee for which such indemnification is not permitted. The amount the Company contributes shall be in such proportion as is appropriate to reflect the relative fault of Indemnitee, on the one hand, and of the Company and any and all other parties (including officers and directors of the Company other than Indemnitee) who may be at fault (collectively, including the Company, the "Third Parties"), on the other hand.