Payment of Purchase Price and Closing. The purchase and sale contemplated by this Agreement shall be completed on October 13, 2004, or on such earlier date to which the closing is accelerated pursuant to this Section 1.3 (the "Closing Date") at 10 a.m. at RCI's head office in Toronto, Ontario when RCI shall pay the Purchase Price to JVII by wire transfer of funds to the account specified by JVII by written notice to RCI given not later than two business days prior to the proposed Closing Date, and, on the Closing Date, the parties shall make the respective deliveries described in Sections 3.1 and 3.2 of this Agreement. RCI shall be entitled to accelerate the Closing Date to any day that is a business day upon written notice to JVII given no less than three business days prior to the proposed Closing Date. For purposes of this paragraph, "business day" means a day that is not a weekend or statutory holiday in Toronto.
Payment of Purchase Price and Closing. The purchase price to be paid by Buyer to Seller for the assets specified in this Agreement, shall be paid as follows:
Payment of Purchase Price and Closing. The closing of any sale and purchase of the Transferor's Member ship Interest in the Company shall be within thirty (30) days from the later of (1) the date of the final Exercise Notice; or (2) delivery of the final appraisal performed pursuant to Paragraph 5.03(j)(i). The Optionors shall pay the purchase price: (1) at the time and in accordance with the terms and conditions as stated in the Transfer Notice, where the purchase price is determined pursuant to Paragraph 5.03(j)(i)(1); or (2) at the closing in all other cases, unless the parties agree on different terms. The Transferor shall deliver documents satisfactory to the Optionors conveying h-- Membership Interest free and clear of all liens, claims and encumbrances, any of which may be paid out of the purchase price, with the remainder, if any, paid to the Transferor. If the purchase price is insufficient to satisfy any such liens, the Transferor shall discharge the balance.
Payment of Purchase Price and Closing. Payment of the purchase price for Interests purchased pursuant to this Agreement shall be made as follows provided that the purchasing party, whether the Class A Limited Partner, the Partnership, or a Buying Partner, may always elect to pay the purchase price in full in cash instead of on the following terms:
Payment of Purchase Price and Closing. Buyer shall pay the Purchase Price to the Sellers at the Closing by wire transfer of immediately available funds pursuant to the Sellers' written instructions, provided that Buyer shall be required to send only one wire to NST and only one wire to the Xxxxxx Group. Buyer may offset against the Purchase Price due to the Sellers at the Closing by delivery to the Sellers of the Deposit at the Closing pursuant to the Escrow Agreement. The closing of the purchase of the NST Venture Interest and the Shares by Buyer (the "CLOSING") shall take place at the offices of Akin Gump Xxxxxxx Xxxxx & Xxxx, L.L.P., New York, New York (the "CLOSING LOCATION") and shall be held within ten (10) business days after all conditions to the Closing set forth in this Agreement have been satisfied (the "CLOSING DATE"); PROVIDED that, to the extent practicable, it is the parties' intention to close on the last day of a month.
Payment of Purchase Price and Closing. The closing of any sale and purchase of the Transferor’s Interest in the Company shall be within 30 days from the later of (A) the date of the final Exercise Notice; or (B) delivery of the final appraisal performed pursuant to Section 9.3(i)(1). The Optionor shall pay the purchase price (A) at the time and in accordance with the terms and conditions as stated in the Transfer Notice when the purchase price is determined pursuant to Section 9.3(i)(1); or
Payment of Purchase Price and Closing. OF SALE 6.1
Payment of Purchase Price and Closing. Employee must purchase vested shares in blocks of 100 or more shares. The purchase price for all shares purchased under this option shall be paid in cash, or in collected funds, upon closing The shares purchased shat) be issued by PHOBOS at the time of closing as fully paid and non-assessable shares. The closing shall take place at the principal office of PHOBOS within ten days after the effective date of the notice of exercise of the option.
Payment of Purchase Price and Closing. The closing of any purchase or sale of a Membership Interest pursuant to this Agreement shall take place at the offices of the Company within sixty (60) days of the event giving rise to the option to purchase the Membership Interest subject to Transfer. The Purchase Price for any Membership Interest hereunder shall be payable in installment payments as evidenced by a promissory note made by the purchaser at the time of closing. Such promissory note shall be payable in sixty (60) equal consecutive monthly installments of principal plus interest. Interest shall accrue annually at prime rate as published in The Wall Street Journal on the date giving rise to the option to purchase the Membership Interest, plus one percent (1%). The first installment payable under the promissory note shall be due one
(1) month after the closing of the purchase and sale of the Membership Interest.
Payment of Purchase Price and Closing. In full consideration for the Stock and the other agreements contained in this Agreement, Planet shall pay the Purchase Price as follows:
