Payment of Purchase Consideration. Security National shall pay or provide the Purchase Consideration as required in Section 1.2 of this Agreement.
Payment of Purchase Consideration. Subject to Section 1.4 and Article 8, the full and complete consideration for the sale and transfer of all of the issued and outstanding Company Membership Interests shall be the Total Consideration. Upon the terms and subject to the conditions contained herein Acquirer shall pay (or cause to be paid) through such reasonable procedures as Acquirer may adopt, the Closing Consideration (for the avoidance of doubt, not including the cash to be deposited into escrow in connection herewith pursuant to the provisions of Section 1.2(c) and Article 8) to Seller at the Closing. The Closing Consideration shall be paid by wire transfer of immediately available funds to the bank account designated in writing by Seller to Acquirer.
Payment of Purchase Consideration. 7.1 The purchase consideration as aforesaid shall be discharged as to:-
7.1.1 R62 088 321.73 (sixty two million and eighty eight thousand and three hundred and twenty one rand and seventy three cents) which shall be paid by ERPM in three tranches as follows:-
7.1.1.1 R7 088 321,73 (seven million and eighty eight thousand and three hundred and twenty one rand and seventy three cents) - on the SIGNATURE DATE or so soon thereafter as possible;
7.1.1.2 R20 000 000,00 (twenty million rand) - on the 31 March 2010;
7.1.1.3 R35 000 000,00 (thirty five million rand) - on the earlier of the CLOSING DATE or the 30 June 2010, as the case may be, and all of which shall be paid by ERPM to the ATTORNEYS in trust and to be invested by them (save in the case of the amount referred to in
7.1.1.1 supra) in an interest bearing account as more fully provided in clause 7.2 infra ; and
7.1.2 R20 000 000,00 (twenty million rand), being the agreed value of the ARGONAUT EQUITY, which shall be delivered in negotiable form by ERPM to ERGO URANIUM or its nominee, on the CLOSING DATE.
7.2 The cash amounts payable in accordance with clause 7.1.1 supra, shall be paid by ERPM to the ATTORNEYS in accordance with the provisions of Section 78 (2A) of the Attorneys Act, No 53 of 1979, as amended, of the RSA, and on the basis that:-
7.2.1 the account will be in the name of the ATTORNEYS and under their control;
7.2.2 the provisions hereof constitute the required written instruction/authorisation to the ATTORNEYS in accordance with the aforesaid Act as read with rule 77.1 of the Rules of the Law Society of the Northern Provinces, RSA to so invest such funds if timing permits; and
7.2.3 the said funds plus interest thereon shall, subject to the overriding provisions of clauses 7.3 and 8 infra, be held in trust by the ATTORNEYS as agent for and on behalf of ERPM pending the arrival of the CLOSING DATE and the implementation of the provisions of clause 12 infra, whereupon the purchase consideration shall be released by the ATTORNEYS to ERGO URANIUM and the interest which has accrued thereon, to ERPM.
7.3.1 Notwithstanding anything to the contrary in clauses 7.1 and 7.2 supra, ERPM has agreed that subject to the provisions of clause 8 infra, the amount referred to in clause 7.1.1.1 supra shall be released by the ATTORNEYS to ERGO URANIUM as and by way of an interest bearing loan, as soon as possible after the receipt thereof;
7.3.2 The interest which shall accrue on the loan shall equal that from t...
Payment of Purchase Consideration. If the Shareholder complies with its obligations under clause 3.2 , the Optionholder must pay the Purchase Consideration to the Shareholder in immediately available funds on the Completion Date. 10510432_1ã Mallesons Call Option Agreement 4 Xxxxxxx Xxxxxx
Payment of Purchase Consideration. An amount of S$2,620,000 (amounting to 1% of the Purchase Consideration) (the "Initial Payment") has been paid on the date of signing of the Purchase Agreement. A further 20% of the Purchase Consideration (less the Initial Payment) is payable within 14 days after all conditions precedent have been satisfied or waived. The balance 80% of the Purchase Consideration is payable in accordance with an agreed payment schedule which corresponds with completion of the various stages of construction of the Development.
Payment of Purchase Consideration. The Buyer will pay and satisfy the Purchase Consideration at the Closing Time by issuing fully paid and non-assessable Treasury Shares to the Sellers.
Payment of Purchase Consideration. Buyer shall have delivered to Seller the Purchase Consideration in accordance with Section 2.
Payment of Purchase Consideration. The payment of the Purchase Consideration shall be as follows:
(a) subject to the provisions of Section 2.5(a), to the holders of Ferex Common Stock, $1.7381017 per share of Ferex Common Stock, being the Closing Per Share Amount LESS the Per Share Escrow Amount for each share of Ferex Common Stock issued and outstanding on the Closing Date (other than shares held in treasury or by a Ferex Subsidiary); (the "Environmental Escrow Amount") to be deposited into the Environmental Escrow Account pursuant to Section 2.6(b); and
(b) on the Closing Date, the Environmental Escrow Amount, by wire transfer of immediately available funds to an interest-bearing escrow account (the "Environmental Escrow Account"), which Account shall be established under an escrow agreement (the "Environmental Escrow Agreement") in the form of EXHIBIT D;
Payment of Purchase Consideration. On the Closing Date, Parent shall issue to Sellers the Consideration Shares.
Payment of Purchase Consideration. Security National and Southern Security shall pay the Purchase Consideration as required in Section 1.2 of this Agreement.
