Payment of the Purchase Consideration Sample Clauses

Payment of the Purchase Consideration. 8.1 The Purchase Consideration will be paid by the Purchaser on the Effective Date against compliance by the Seller with the provisions of clause 10. 8.2 All payments to be made in terms of this Agreement will be made by electronic transfer of immediately available and freely transferable funds to the Seller’s Designated Account, free of any deductions or set-off whatsoever, in the currency of the Republic of South Africa.

Payment of the Purchase Consideration. In consideration of Sellers' sale, conveyance, transfer, delivery and assignment of the Assets and Contracts, Buyer shall on the Closing Date make a cash payment to Sellers in the amount of ** Dollars ($**), payable by wire transfer in readily available funds to First Security Bank; Salt Lake City, Utah; 18A 124 000012; for the account of Covol Technology; Acct. #0600019939 (the "Purchase Consideration").

Payment of the Purchase Consideration. In consideration of Sellers' sale, conveyance, transfer, delivery and assignment of the Facility to Buyer on the Closing Date in accordance with this Agreement, Buyer shall: (a) on the Closing Date, make a cash payment to Pocahontas in the amount of ** ($**) (the "Initial Consideration") payable by wire transfer in readily available funds as follows: (i) the Payoff Amount to Xxxxxx Trust & Savings Bank, ABA # 071 000 288, Account # 160-4586, AJG Financial Services, Inc., for the account of Lender and (ii) the Remaining Initial Consideration to Pocahontas' Account; and (b) on the Commercial Operation Date, make a cash payment to Pocahontas in the amount of ** Dollars ($**) (the "Subsequent Consideration" and together with the payments described in clauses (a)(i), (a)(ii) of this Section 2.2, the "Purchase Consideration") payable by wire transfer in readily available funds to Pocahontas' Account; provided, however, that Buyer shall have no obligation to make payment to Sellers of the Subsequent Consideration in the event that the Commercial Operation Date is not achieved.

Payment of the Purchase Consideration. In consideration of Seller's sale, conveyance, transfer, delivery and assignment of the Assets and Contracts, Buyer shall (a) on the Closing Date, make a cash payment to Seller in the amount of One Million Two Hundred Fifty Thousand Dollars ($1,250,000.00), payable by wire transfer in readily available funds to First Security Bank; Salt Lake City, Utah; 18A 124 000012; for the account of Covol Technology; Acct. #0600019939; (b) on the Closing Date, make a cash payment, on behalf of Seller, to Fun Enterprises in the amount of Four Million Dollars ($4,000,000.00), payable by wire transfer in accordance with the Modification Agreement; (c) on the Closing Date and pursuant to the Modification Agreement, execute and deliver a Replacement Promissory Note made payable to the order of Fun Enterprises in the amount of Nine Hundred Forty-Five Thousand Eight Hundred Ninety-Two Dollars ($945,892.00) and bearing interest at a per annum rate of 5.5 percent; and (d) thereafter make the Performance Payments, if any, when and as provided in Section 2.7, in the form of cash payments to Seller, payable by wire transfer in readily available funds to First Security Bank; Salt Lake City, Utah; 18A 124 000012; for the account of Covol Technology; Acct. #0600019939, or pursuant to such other payment instructions delivered by written notice given by Seller to Buyer pursuant to Section 10.5 hereof at least two business days prior to the due date of any such payment (the payments described in clauses (a), (b), (c) and (d) of this Section 2.2 shall collectively be referred to herein as the "Purchase Consideration").

Payment of the Purchase Consideration. 10.1 The Purchase Consideration will be paid by the Purchaser against compliance by the Seller with the provisions of clause 12, as follows - 10.1.1 an amount equal to the Purchase Consideration less R10,308,235 (ten million three hundred and eight thousand two hundred and thirty five rand), plus VAT thereon, on the Effective Date; and 10.1.2 R10,308,235 (ten million three hundred and eight thousand two hundred and thirty five rand), plus VAT thereon and interest at the Prime Rate less 3% (three percent) from the Effective Date until the day immediately preceding the date of payment, on the 2nd (second) business day after the transfer of the amount referred to in clause 16.2. 10.2 All payments to be made in terms of this Agreement will be made by electronic transfer of immediately available and freely transferable funds to the Seller’s Designated Account, free of any deductions or set-off whatsoever, in the currency of the Republic of South Africa.

Payment of the Purchase Consideration. 11.1 The Deposit and the Balance of the Purchase Consideration shall be paid as follows, an amount equal to the – 11.1.1 Deposit held in escrow by the Seller’s Attorneys, to the Seller by the Seller’s Attorneys for and on behalf of the Purchaser in accordance with the provisions of clause 10; and 11.1.2 Balance of the Purchase Consideration by the Purchaser to the Seller on the Payment Date. 11.2 All payments to be made in terms of this Agreement will be made by electronic transfer of immediately available and freely transferable funds to the Seller’s Designated Account or the Purchaser’s Designated Account, as the case may be, free of any deductions or set-off whatsoever, in the currency of the Republic of South Africa.

Payment of the Purchase Consideration. The Purchase Consideration will be paid by the Purchaser to the Seller on the Signature Date, against compliance by the Seller with the provisions of clause 6.1.

Payment of the Purchase Consideration. 10.1 The Purchase Consideration will be paid by the Purchaser against compliance by the Seller with the provisions of clause 12, as follows — 10.1.1 an amount equal to the Purchase Consideration less R6,632,167.96 (six million six hundred and thirty two thousand one hundred and sixty seven rand and ninety six cents), plus VAT thereon on the Effective Date; and

Payment of the Purchase Consideration. The Purchaser Price shall pay to the Purchase Consideration to the Vendor upon the execution of the Shares Sale Agreement.

Payment of the Purchase Consideration. The Purchase Consideration shall be satisfied partly in cash and in new DNeX ordinary shares (“DNeX Shares”) to be issued upon terms to be mutually agreed.