Payment of Estimated Purchase Price At Closing. The Purchase Price, adjusted by the estimated adjustments pursuant to Section 2.3(b) as set forth in Sellers' preliminary settlement statement pursuant to Section 2.3(c)(i), is referred to as the "ESTIMATED PURCHASE PRICE." At the Closing, Buyer shall pay or cause to be paid to Sellers the Estimated Purchase Price for the Stations or any Radio Group subject to the Closing, as the case may be, including, if applicable, any Delay Amount, by federal wire transfer of same-day funds pursuant to wire transfer instructions, which instructions shall be delivered to Buyer by Sellers at least two (2) business days prior to such Closing Date.
Payment of Estimated Purchase Price At Closing. The sum of Twenty-One Million Dollars ($21,000,000), adjusted by the estimated adjustments as set forth in Seller's preliminary settlement statement pursuant to Section 2.3.2(a), is referred to as the "Estimated Purchase Price." At the Closing, Buyer shall pay or cause to be paid to Seller the Estimated Purchase Price by federal wire transfer of same-day funds pursuant to wire instructions which wire instructions shall be delivered to Buyer by Seller at least two business days prior to the Closing Date.
Payment of Estimated Purchase Price At Closing. The Purchase Price, adjusted by the estimated adjustments pursuant to Section 2.3(b) as set forth in Seller’s preliminary settlement statement pursuant to Section 2.3(c)(i), is referred to as the “Estimated Purchase Price.” At the Closing, Buyer shall pay or cause to be paid to Seller the Estimated Purchase Price for the Purchased Assets by federal wire transfer of same-day funds pursuant to wire transfer instructions, which instructions shall be delivered to Buyer by Seller prior to the Closing Date.
Payment of Estimated Purchase Price At Closing. At the Closing, the Buyer shall deliver to the Seller an amount equal to the sum of the Purchase Price as determined in Section 1.3 less the amount of Assumed Liabilities as defined in Section 1.4(a), all as determined as at a date as close to the date of the Closing as possible (the "Estimated Purchase Price"), in immediately available funds by wire transfer to an account designated by the Seller prior to the Closing Date. For purposes of facilitating the post closing adjustments required under Section 1.7, the parties hereby define "Net Working Capital" to be the sum of the Inventory (Section 1.2(a)) plus the other current assets (Section 1.2(c)) less the amount of the Assumed Liabilities (Section 1.4(a)). Prior to the Closing, for purposes of the Estimated Purchase Price, the Buyer and the Seller shall have agreed upon the amount of the estimated Net Working Capital as at a date as close to the date of the Closing as possible (such amount being herein referred to as the "Estimated Net Working Capital"). Only the Net Working Capital component of the Estimated Purchase Price shall be subject to adjustment under this Agreement, it being agreed that all other components of the Purchase Price will be final as of the Closing.
Payment of Estimated Purchase Price At Closing. At the Closing:
Payment of Estimated Purchase Price At Closing. The Initial Purchase Price, adjusted by the estimated adjustments pursuant to Section 2.3(b) as set forth in Sellers' preliminary settlement statement pursuant to Section 2.3(c)(i), is referred to as the "ESTIMATED PURCHASE PRICE." At the Closing, Buyer shall pay or cause to be paid to Sellers the Estimated Purchase Price for the Stations, including, if applicable, any Delay Amount, by federal wire transfer of same-day funds pursuant to wire transfer instructions, which instructions shall be delivered to Buyer by Sellers at least two (2) business days prior to the Closing Date.
Payment of Estimated Purchase Price At Closing. At the Closing, Buyer shall pay or cause to be paid to Seller the Estimated Purchase Price by federal wire transfer of same-day funds pursuant to wire instructions which instructions shall be delivered to Buyer by Seller at least two business days prior to the Closing Date.
Payment of Estimated Purchase Price At Closing. Five business days prior to the Closing Date, the parties shall jointly prepare an estimate of the Purchase Price (the "Estimated Purchase Price"), which shall be set out on a schedule. The Estimated Purchase Price shall be distributed by Buyer at Closing as follows:
(i) $300,000.00 (the "Holdback Amount") to be withheld by Buyer pending determination of the post-closing adjustment described in Section 1.5;
(ii) $300,000.00 (the "Additional Holdback Amount") to be retained by Buyer for a period of twelve (12) months after Closing to secure the indemnification obligations of Seller and Shareholder described in Section 8.6 and the collection of accounts receivable as described in Section 8.7; and
(iii) The balance of the Estimated Purchase Price (the "Initial Payment") to be paid to Seller at Closing by wire transfer of immediately-available funds, to an account designated by Seller.
Payment of Estimated Purchase Price At Closing. The Purchase Price, adjusted by the estimated Closing adjustments pursuant to Section 2.2.3(b), is referred to as the "Estimated Purchase Price." The Estimated Purchase Price shall be paid to Agent, at Closing, by wire transfer, in immediately available funds, less the amount of the Deposit.
Payment of Estimated Purchase Price At Closing. At Closing, Purchaser shall pay or cause to be paid to Sellers the Purchase Price as adjusted as provided by Section 1.04 by federal wire transfer of same-day funds pursuant to wire instructions which shall be delivered to Purchaser by Sellers prior to Closing. Any payment of the Deposit to Sellers as provided by Section 1.06 and any payment of the WEAU Purchase Price provided by Section 1.02(c) shall be credited as a partial payment of the Purchase Price.
