Payment on Completion. At Completion, the Buyer will pay to:
(a) the Seller the Purchase Price less:
(i) the Deposit; and
(ii) the amount payable to the Minority Petrogas Shareholders under clause 5.2(b); and
(b) each of the four Minority Petrogas Shareholders an amount of US$50,000, by telegraphic transfer of immediately available cleared funds to the credit of bank accounts specified in writing by the Seller to the Buyer before Completion or by such other method as agreed by the parties.
Payment on Completion. On Completion, the Purchaser shall pay the Tranche 1 Completion Consideration in GBP to the Sellers in the proportion set out against their respective names in columns (3) and (5) of Part 1 of Schedule 1 and in the manner set out in Clause 3.2 to the bank account of SATS Ltd. (the “Completion Bank Account”), details of which are set out below, and the Parties hereby acknowledge and agree that the payment by the Purchaser to SATS Ltd. of the Tranche 1 Completion Consideration into the Completion Bank Account in the manner set out in Clause 3.2 shall constitute full and final satisfaction of the payment by the Purchaser to the Sellers of the Tranche 1 Completion Consideration:
Payment on Completion. At Completion, the Buyer must comply with its obligations under clause 5.1 ("Payments on Completion").
Payment on Completion the Buyer must pay the Purchase Price to the Seller in accordance with clause 6.
Payment on Completion. On Completion, the Purchaser shall pay the Completion Amount to the Sellers and the Contracts Consideration to SCPLC.
Payment on Completion. On Completion, the Purchaser shall pay the Completion Amount to the Principal Seller.
Payment on Completion. On Completion, the Principal Purchaser shall pay the Completion Amount to the Principal Seller and the Contracts Consideration to the Principal Seller, together with any applicable VAT.
Payment on Completion. On Completion, the Buyer agrees to pay to the Seller to the Mallesons Xxxxxxx Xxxxxx Trust Account (or otherwise as the Seller directs, provided that such direction has been given by the CP Date) the Purchase Price of $16,000,000, less the Deposit Amount.
Payment on Completion. 2.3.1 Prior to the Completion Date, the Sellers have provided the Buyer with a statement (the “Preliminary Purchase Price Report”) setting forth the Sellers’ estimates of the Completion Date Current Assets, the Completion Date Liabilities and the Completion Date Net Worth as well as the calculation of the preliminary purchase price for the Shares being the amount of the Initial Purchase Price plus the amount by which the estimated Completion Date Net Worth is greater than zero or, as the case may be, minus the amount by which the estimated Completion Date Net Worth is less than zero (the “Preliminary Purchase Price”). The Preliminary Purchase Price Report is attached to this Deed as SCHEDULE 4.
2.3.2 On the Completion Date the Buyer shall pay the Preliminary Purchase Price by wire transfer of immediately available funds as follows:
2.3.2.1 to Emmis, 98% of the Preliminary Purchase Price; and
2.3.2.2 to Babitzova, 2% of the Preliminary Purchase Price.
