Payment of Xxxxxxx Money Sample Clauses

Payment of Xxxxxxx Money. [check one]
Sample 1Sample 2Sample 3See All (5)
Payment of Xxxxxxx Money. (a) Contemporaneous with the execution of this Agreement, the Purchaser shall: (i) deliver to Xxxxxx Xxxxxxx Xxxxx & Xxxxxxx, P.A. (“Shareholders’ Counsel”) an Escrow Agreement in a form reasonably acceptable to the Purchaser, Shareholders’ Counsel and the Shareholder Representative (the “Xxxxxxx Money Escrow Agreement”); and (ii) deposit an amount equal to One Hundred Thousand Dollars ($100,000) (the “Initial Xxxxxxx Money Amount”) with Shareholders’ Counsel under the Xxxxxxx Money Escrow Agreement. (b) On or prior to the Initial Expiration Date, the Purchaser may, at its option, deposit an additional amount equal to One Hundred Thousand Dollars ($100,000) (the “Additional Xxxxxxx Money Amount”) with Shareholders’ Counsel under the Xxxxxxx Money Escrow Agreement.
Sample 1
Payment of Xxxxxxx Money. Buyer shall pay, as xxxxxxx money ("Xxxxxxx Money"), upon execution and delivery of this Agreement, the sum of $60,000.00, pursuant to the terms of the Xxxxxx Money Contract. The Xxxxxxx Money shall be deposited with a title company mutually agreeable to the parties, as escrow agent, which Xxxxxxx Money shall be applied, subject to Closing, to the Purchase Price. In the event this Agreement is terminated and the Closing does not occur, the Xxxxxxx Money, together with any earned interest thereon, shall be delivered in the manner set forth in Article 9 hereof.
Sample 1
Payment of Xxxxxxx Money. Subject to the due diligence results being satisfactory to Agile Eco, within three business days after completion of the registration procedures in relation to the pledge of the Sale Equity Interest in favour of Agile Eco, Agile Eco shall pay the Xxxxxxx Money. The Xxxxxxx Money has been determined with reference to the aggregate net asset of the Target Companies as at 30 June 2018 in the amount of approximately RMB1.26 billion. The Company agreed to procure a pledge over the Sale Equity Interest in favour of Agile Eco before the payment of the Xxxxxxx Money can be made by Agile Eco to the Company and until Completion. The Company also agreed to provide guarantee in respect of the return of the Xxxxxxx Money by the Company to Agile Eco in case the Disposal does not proceed. Completion will be conditional, among other things:
Sample 1
Payment of Xxxxxxx Money. Upon the receipt of written certification from the Seller claiming the Xxxxxxx Money pursuant to the provisions of this Agreement, Title Company shall promptly forward a copy thereof to the Purchaser and, unless Purchaser within two (2) business days of receipt thereof notifies Title Company of any objection to such requested disbursement of the Xxxxxxx Money, Title Company shall disburse the Xxxxxxx Money to Seller and shall thereupon be released and discharged from any further duty or obligation hereunder. Purchaser acknowledges that, in the event Purchaser shall object to the transfer of the Xxxxxxx Money to Seller, Title Company shall either retain said Xxxxxxx Money or bring an appropriate action or proceeding for leave to deposit the Xxxxxxx Money and Additional Deposit, if any, in a court of competent jurisdiction pending such determination, and Title Company shall have no further obligations hereunder. Title Company shall have no responsibility or obligation with respect to the Additional Xxxxxxx Money.
Sample 1
Payment of Xxxxxxx Money. Upon its receipt, the Sellers' Representative shall deposit the Xxxxxxx Money in a segregated account (which may be interest paying) and shall pay out and distribute it only in accordance with this Section 2.
Sample 1

Related to Payment of Xxxxxxx Money

  • Exxxxxx Money (a) Concurrently with the execution and delivery of this Agreement, Purchaser, Seller and Escrow Agent have executed escrow instructions of even date herewith (the “Escrow Instructions”), the form of such Escrow Instructions being attached hereto as Exhibit “G”. (b) Within one (1) Business Day following the Effective Date, Purchaser shall deposit a sum of Five Hundred Thousand and No/100 Dollars ($500,000.00) in cash as an exxxxxx money deposit (together with any interest earned thereon, the “First Deposit”) by wire transfer to Escrow Agent. If the First Deposit is not timely made, then notwithstanding anything to the contrary in this Agreement, Seller may terminate this Agreement at any time prior to receipt by the Escrow Agent of the First Deposit, in which case this Agreement shall terminate. (c) If the Contingency Period expires without Purchaser having terminated this Agreement, then no later than 5:00 p.m., Eastern Time, on the Business Day immediately after the Contingency Period expires, Purchaser shall deposit a sum of Five Hundred Thousand and No/100 Dollars ($500,000.00) in cash as an exxxxxx money deposit (together with any interest earned thereon, the “Second Deposit”) by wire transfer to Escrow Agent (the First Deposit and the Second Deposit and any interest earned thereon (less the Independent Consideration, if applicable) are collectively referred to herein as the “Exxxxxx Money”). Failure of Purchaser to make the Second Deposit as required pursuant to this Section 2.2(c) shall be deemed a material default by Purchaser under this Agreement and Seller may terminate this Agreement by written notice to Purchaser and Escrow Agent at any time prior to receipt by the Escrow Agent of the Second Deposit, whereupon Escrow Agent shall disburse the First Deposit to Seller and the parties shall thereafter have no further rights or liabilities under this Agreement, except that (i) each party shall pay one-half (1/2) of the expenses of escrow, and (ii) each party shall continue to be obligated under the Surviving Obligations. (d) The Exxxxxx Money shall be delivered to and held by Escrow Agent in escrow in an interest-bearing account pursuant to the terms of this Agreement and the Escrow Instructions. If the Closing occurs in accordance with the terms and provisions of this Agreement, the Exxxxxx Money shall be paid to Seller and credited against the Purchase Price. If the Closing does not occur, the Exxxxxx Money shall be held and delivered as provided in this Agreement. (e) Seller and Purchaser acknowledge and agree that if Purchaser does not terminate this Agreement as set forth in Section 1.3(g), the Exxxxxx Money will be deemed earned by Seller and non-refundable to Purchaser for any reason except as otherwise specifically set forth in this Agreement.

  • Xxxxxxx Money After acceptance by all Parties, the Buyer agrees to make a payment in the amount of $ as consideration by , 20 at : ☐ AM ☐ PM (“Xxxxxxx Money”). The Xxxxxxx Money shall be applied to the Purchase Price at Closing and subject to the Buyer’s ability to perform under the terms of this Agreement. Any Xxxxxxx Money accepted ☐ is ☐ is not required to be placed in a separate trust or escrow account in accordance with State law.

  • Xxxxxxxxx Payments The Company shall pay Executive cash benefits equal to: (1) two times Executive's Base Salary in effect on the date of the Change of Control or the Termination Date, whichever is higher; provided that if any reduction of the Base Salary has occurred, then the Base Salary on either date shall be as in effect immediately prior to such reduction, payable in regular installments at such times as would otherwise be the Company's usual payroll practice over a period of two years; and (2) the higher of: (A) two times Executive's Target Bonus in effect on the date of the Change of Control or the Termination Date, whichever is greater; or (B) two times Executive's most recent actual annual bonus, payable in either case ratably in regular installments at the same time as payments are made to Executive under Section 3(a)(1) above; provided that if any reduction of the Target Bonus has occurred, then the Target Bonus on either date shall be as in effect immediately prior to such reduction; and (3) Executive's Target Bonus (as determined in (2), above) multiplied by a fraction, the numerator of which shall equal the number of days Executive was employed by the Company in the Company fiscal year in which the Termination Date occurs and the denominator of which shall equal 365, payable as a cash lump sum within forty days after the Termination Date; and (4) in the case of a termination of employment by Executive for Good Reason, an amount equal to the severance pay specified in Article 6.A. 1. of the attached Presidents' Council Agreement (as defined in Section 8 hereof), payable according to the schedule set forth therein, determined as if Executive's employment had been terminated by ARAMARK without Cause on the Termination Date.

  • Payment of GST Payment of the additional amount will be made at the same time as payment for the supply is required to be made under this Contract.

  • Xxxxxxxxx Payment The Company shall pay to you the following amounts: i. the Accrued Obligations, which shall be paid to you in a single lump sum cash payment within fifteen (15) calendar days of the Date of Termination; ii. the Pro Rata Bonus, which shall be paid to you in a single lump sum cash payment no later than the later of (A) fifteen (15) calendar days following the Date of Termination or (B) the effective date of the Waiver and Release; iii. an amount equal to the product of (A) 2.0 times (B) the sum of (1) your Adjusted Base Salary plus (2) the greater of (x) your Target Bonus or (y) the average of the annual bonuses paid or to be paid to you with respect to the immediately preceding three (3) fiscal years, which amount shall be paid to you in a single lump sum cash payment no later than the later of (i) fifteen (15) calendar days following the Date of Termination or (ii) the effective date of the Waiver and Release; iv. if you had previously consented to the Company’s request to relocate your principal place of employment more than forty (40) miles from its location immediately prior to the Change of Control, all unreimbursed relocation expenses incurred by you in accordance with the Company’s relocation policies, which expenses shall be paid to you in a single lump sum cash payment no later than the later of (A) fifteen (15) calendar days following the Date of Termination or (B) the effective date of the Waiver and Release; and v. the Other Benefits, which shall be paid in accordance with the then-existing terms and conditions of such plans, programs or policies.

  • XX XXXXXXX XXXXXXX the parties hereof have caused this Agreement to be executed in duplicate on the day and year first above written.

  • XXXX XXXXXXXXXX BIN XXXXXX Tel/Fax : 00-0000 0000/00-0000 0000 XXXXXX XXXXX XXXXX Ruj. Xxxx : HAH/3447/AMBB/22 XXXXXX XXXXX XXXXXX Website : xxxx://xxx.xxxxxxxxxxxxxxxxxxx.xx (Pelelong Berlesen)

  • Xxx Xxxxxxxx I certify that I am a legal United States citizen, or possess legal residency, or visitor status to be in the United States, and that I shall provide proof of said legal status if requested prior to or during any American Legion national-level ALB participation. I further understand that I shall be denied participation in any American Legion national-level youth programs if I refuse to comply with providing proof of said legal status, or are not legally in the United States. Player’s signature Player’s printed name Date I am a parent with legal custody or legal guardian of the above player and hereby consent and agree to the foregoing terms and provisions on the above player’s behalf. Parent’s or legal guardian’s signature Parent's or legal guardian's printed name Player’s name (first, middle, last) Parent’s home address (street address, city, state, ZIP) Parent’s telephone number Emergency contact person & phone number Medical Insurance Policy # Family physician & phone number High school attended Year of graduation School enrollment (grades 10, 11, 12) Player’s email address Player’s Birth Date (Month/Year) Primary position Player’s height Player’s weight

  • Xxxxxxx Money Deposit (a) Within three (3) Business Days after the full execution and delivery of this Contract, Buyer shall deposit the sum of Three Hundred Thousand and No/100 Dollars ($300,000.00) in cash, certified bank check or by wire transfer of immediately available funds (the “Initial Deposit”) with the Title Company, as escrow agent (“Escrow Agent”), which sum shall be held by Escrow Agent as xxxxxxx money. If, pursuant to the provisions of Section 3.1 of this Contract, Buyer elects to terminate this Contract at any time prior to the expiration of the Review Period, then the Escrow Agent shall return the Xxxxxxx Money Deposit to Buyer promptly upon written notice to that effect from Buyer. If Buyer does not elect to terminate this Contract on or before the expiration of the Review Period, Buyer shall, prior to the expiration of the Review Period, deposit the Additional Deposit with the Escrow Agent. The Initial Deposit and the Additional Deposit, and all interest accrued thereon, shall hereinafter be referred to as the “Xxxxxxx Money Deposit.” (b) The Xxxxxxx Money Deposit shall be held by Escrow Agent subject to the terms and conditions of an Escrow Agreement dated as of the date of this Contract entered into by Seller, Buyer and Escrow Agent (the “Escrow Agreement”). The Xxxxxxx Money Deposit shall be held in an interest-bearing account in a federally insured bank or savings institution reasonably acceptable to Seller and Buyer, with all interest to accrue to the benefit of the party entitled to receive it and to be reportable by such party for income tax purposes; provided, however, to the extent that Buyer instructs the Escrow Agent to apply the Xxxxxxx Money Deposit toward the Purchase Price in accordance with Section 2.4, interest shall be deemed to have accrued to the benefit of Buyer and be reportable by Buyer for income tax purposes.

  • Xxx Xxxxxxx If the Parties do not agree on an Adjudicator the Adjudicator will be appointed by the Arbitration Foundation of Southern Africa (AFSA).

Most Referenced Clauses

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