Payment on Closing Date Sample Clauses

Payment on Closing Date. Subject to the terms and conditions of this Agreement, Buyer agrees to acquire the Assets from Seller, to assume the Assumed Liabilities and, at the Closing, (i) to pay to Seller an amount in cash equal to $180,000,000 (representing 80% of the Purchase Price); and (ii) to deliver to Seller a number of shares of Buyer Common Stock having an aggregate fair market value of $45,000,000 (representing 20% of the Purchase Price), with each share of Buyer Common Stock being valued at the Issuance Price, $12,000,000 of which value (the "ESCROW FUND") shall be deposited into an escrow account with the Escrow Agent pursuant to the Escrow Agreement; provided further, that none of the amounts referenced in clauses (i) or (ii) shall be reduced by any withholding.
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Payment on Closing Date. At or prior to the Time of Closing, the Purchaser shall pay to the Creditors, on behalf of the Seller, the amounts disclosed in Schedule 3.3.
Sample 1
Payment on Closing Date. On the Closing Date, the Purchaser shall pay the Closing Amount to the Sellers in immediately available funds by wire transfer to the account of the Sellers at a bank designated by the Sellers. The Sellers shall designate such bank and account by written notice to the Purchaser, which notice shall be given not later than two (2) Business Days prior to the Closing Date.
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Payment on Closing Date. One (1) Business Day prior to the Closing Date, Seller shall deliver to Purchaser a draft closing statement (the "Draft Closing Statement") dated as of the close of business on the third (3rd) Business Day preceding the Closing Date setting forth an estimate of the Purchase Price (including all adjustments and prorations thereto) (the "Estimated Purchase Price") and each component thereof and the Deposit Liabilities, Advance Accounts and Overdrafts and shall make available such work papers, schedules and other supporting data as may be reasonably requested by Purchaser to enable it to verify such determination. On the Closing Date, Seller shall pay to Purchaser by wire transfer of immediately available Federal Funds to such account as Purchaser shall have specified to Seller at least three (3) Business Days prior to the Closing ("Purchaser's Account") the amount, if any, by which the aggregate balance (including Accrued Interest) of the Deposit Liabilities as of the close of business on the third (3rd) Business Day preceding the Closing Date exceeds the Estimated Purchase Price, or, if the Estimated Purchase Price exceeds the aggregate balance (including Accrued Interest) of the Deposit Liabilities as of such date, Purchaser shall pay to Seller by wire transfer of immediately available Federal Funds to such account as Seller shall have specified to Purchaser at least three (3) Business Days prior to the Closing ("Seller's Account"), an amount equal to such excess (in either case, the "Estimated Payment Amount").
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Payment on Closing Date. On the Closing Date, Assignee shall pay ----------------------- to Assignor $__________, which represents an estimate of the Purchase Price.
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Related to Payment on Closing Date

  • Payment on Non-Business Days Whenever any payment to be made shall be due on a day which is not a Business Day, such payment may be due on the next succeeding Business Day.

  • Payment on non-Business Day If any payment by the Borrower under a Finance Document would otherwise fall due on a day which is not a Business Day:

  • Repayment on Termination Date The Borrower hereby agrees to repay the outstanding principal amount of (i) all Revolving Credit Loans in full on the Revolving Credit Maturity Date, and (ii) all Swingline Loans in accordance with Section 2.2(b) (but, in any event, no later than the Revolving Credit Maturity Date), together, in each case, with all accrued but unpaid interest thereon.

  • The First Closing Date Delivery of certificates for the Firm Shares to be purchased by the Underwriters and payment therefor shall be made at the offices of Xxxxxxxxx & Xxxxxxx LLP (or such other place as may be agreed to by the Company and the Representatives) at 9:00 a.m. New York City time, on [•], or such other time and date not later than 1:30 p.m. New York City time, on [•] as the Representatives shall designate by notice to the Company (the time and date of such closing are called the “First Closing Date”). The Company hereby acknowledges that circumstances under which the Representatives may provide notice to postpone the First Closing Date as originally scheduled include, but are not limited to, any determination by the Company or the Representatives to recirculate to the public copies of an amended or supplemented Prospectus or a delay as contemplated by the provisions of Section 11.

  • Initial Closing Date The obligation of each Buyer hereunder to purchase the Initial Preferred Shares at the Initial Closing is subject to the satisfaction, at or before the Initial Closing Date, of each of the following conditions, provided that these conditions are for each Buyer's sole benefit and may be waived by such Buyer at any time in its sole discretion:

  • Payment on Settlement Date On contractual settlement date, the account of the Fund will be charged for all purchased Investments settling on that day, regardless of whether or not delivery is made. Likewise, on contractual settlement date, proceeds from the sale of Investments settling that day will be credited to the account of Fund, irrespective of delivery. Exceptions to contractual settlement on purchases and sales, that will continue to settle delivery versus payment, include real estate, venture capital, international trades, open-ended mutual funds, non standard depository settlements and in-kind trades.

  • Payment on Maturity Date Borrower shall pay to Lender on the Maturity Date the outstanding principal balance of the Loan, all accrued and unpaid interest and all other amounts due hereunder and under the Note, the Mortgage and the other Loan Documents.

  • Closing; Closing Date Closing" and "Closing Date" have the meanings set forth in Section 5.3.

  • Tax Periods Ending on or Before the Closing Date Buyer shall prepare or cause to be prepared and file or cause to be filed all Tax Returns for the Company and the Company Subsidiary for all periods ending on or prior to the Closing Date which are required to be filed (taking into account all extensions properly obtained) after the Closing Date.

  • The Closing Date Delivery of certificates for the Firm Shares to be purchased by the Underwriters and payment therefor shall be made at the offices of Shearman & Sterling LLP, 500 Xxxxxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000 (or such other place as may be agreed to by the Company and the Representative) at 9:00 a.m. New York time, on , or such other time and date not later than 1:30 p.m. New York time, on , as the Representative shall designate by notice to the Company (the time and date of such closing are called the “Closing Date”).

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