Payment of the Initial Purchase Price. Upon the terms and subject to the conditions of this Agreement, at the Closing, Buyer shall pay to M. Xxxxxxx the Goodwill Initial Purchase Price by (a) delivery to M. Xxxxxxx of an amount equal to the Goodwill Initial Purchase Price Cash Consideration, in immediately available funds by wire transfer to the account designated by M. Xxxxxxx in writing at least three (3) Business Days prior to Closing; and (b) electronic delivery to M. Xxxxxxx of that number of shares of restricted common stock of Buyer representing the Goodwill Initial Purchase Price Restricted Stock Consideration, as set forth on Schedule A, to the brokerage or other account designated by M. Xxxxxxx in writing at least three (3) Business Days prior to Closing; provided, however, that if M. Xxxxxxx’x account is not credited with such shares within three (3) Business Days after Closing, then upon notice by M. Xxxxxxx, Buyer shall deliver to M. Xxxxxxx the cash equivalent of the Goodwill Initial Purchase Price Restricted Stock Consideration in immediately available funds by wire transfer to the account designated by M. Xxxxxxx in such notice. Each of the Sellers acknowledges and agrees that all shares delivered to such Seller pursuant to this Section 2.4 shall be deemed to be Restricted Company Shares under the Lock-Up Agreement and shall be subject to the restrictions under the Lock-Up Agreement. Schedule A will be updated by Buyer at the Closing such that the actual amounts of the Goodwill Initial Purchase Price Cash Consideration and Goodwill Initial Purchase Price Restricted Stock Consideration to be paid/issued to M. Xxxxxxx by Buyer at Closing are set forth on Schedule A at Closing, which updated schedule shall be delivered by Buyer to M. Xxxxxxx at the Closing.
Payment of the Initial Purchase Price. On the date hereof Buyer pays to Sellers the “Initial Price”, in each case on a pro rata basis (as set forth in Schedule 3.2), as follows:
Payment of the Initial Purchase Price. In consideration of Seller’s sale, transfer, assignment, conveyance and delivery of the Assets, Contracts and Assumed Liabilities, Buyer shall, at the Closing, pay to Seller by wire transfer of immediately available funds an amount equal to the Initial Purchase Price.
Payment of the Initial Purchase Price. The Initial Purchase Price shall be paid on the Closing Date in accordance with Clause 4.3.
Payment of the Initial Purchase Price. 4.3.1 The Purchaser shall pay the Initial Payment to bank account number [bank account details], with reference to mBalance, in the name of Derdengelden Notariaat Houthoff Buruma N.V., Rotterdam, a designated account (kwaliteitsrekening), no later than 10.00 a.m. CET on the Closing Date and with value on the Closing Date, which amount shall be held by the Notary for and on behalf of the Purchaser until such time as the Shares shall have been transferred to the Purchaser after which the Notary shall hold the Initial Payment for and on behalf of the Seller and shall pay such amount in accordance with the Seller's instructions.
Payment of the Initial Purchase Price. The Initial Purchase Price shall be paid as follows:
Payment of the Initial Purchase Price. The aggregate Initial Purchase Price shall be paid by the respective members of UNILIN Management by wire transfer according to the following wire instructions: Beneficiary: Mohawk Industries, Inc. Account Number: 2052601008907 Bank: Wachovia Bank, N.A. Routing Number: 000000000 Swift Number: XXXXXX00XXX Reference: [Name of Member of UNILIN Management] Such payment shall be made within five business days following the date of this Agreement, as follows :
Payment of the Initial Purchase Price. At Closing, Buyer will pay to each Seller, such Seller’s pro rata share as set forth in Section 2.03 of the Disclosure Schedule (“Pro Rata Share”) of the Initial Purchase Price minus such Seller’s Pro Rata Share of Four Million Five Hundred Thousand Dollars ($4,500,000) (the “Escrow Amount”). At Closing, Buyer will deposit the Escrow Amount with United Bank (the “Escrow Agent”) to be held and disbursed pursuant to the terms and conditions of an Escrow Agreement to be entered into among the parties at Closing in the form attached hereto as Exhibit A (the “Escrow Agreement”). Such payments to Sellers at Closing will be made by wire transfer of immediately available funds to such accounts designated by Sellers in writing at least two (2) Business Days prior to the Closing Date.
Payment of the Initial Purchase Price. Buyer shall deliver to Seller the Initial Purchase Price at Closing.
Payment of the Initial Purchase Price. On the Closing Date, Sweden Buyer shall pay, or cause the payment of, the Initial Purchase Price less the Goodwill Deposit and the Seller Financing Amount (the “Net Initial Purchase Price”) by wire transfer in immediately available funds into a bank account of Parent (which account shall have been designated by Parent no later than two Business Days prior to the Closing Date). Such amount shall be paid in accordance with Section 12.5. The part of the Initial Purchase Price as is constituted by the Goodwill Deposit will be satisfied by release of the Goodwill Deposit to Parent by the Escrow Agent in accordance with Section 2.8(b) and the terms of the Escrow Agreement. The part of the Initial Purchase Price as is constituted by the Seller Financing Amount will be satisfied by execution, delivery and performance of the Seller Financing Agreement.
