Common use of Payment on the Closing Date Clause in Contracts

Payment on the Closing Date. Subject to fulfillment or waiver (if permissible) of the conditions set forth in Article IX, at Closing Buyer shall pay Sellers an amount in cash equal to the cash portion of the Purchase Price provided for in Sections 3.1(a) and (c) by wire transfer of immediately available funds to the account in the United States specified by Sellers in writing to Buyer at least three business days prior to the Closing.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Venture Europe Inc), Asset Purchase Agreement (Venture Holdings Co LLC)

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Payment on the Closing Date. Subject to fulfillment or waiver (if permissible) of the conditions set forth in Article IX, at Closing Buyer shall (i) pay Sellers Seller an amount in cash equal to the cash portion of the Purchase Price provided for in Sections 3.1(a) and (c) Preliminary Payment by wire transfer of immediately available funds to the account in the United States specified by Sellers Seller in writing to Buyer at least three business days prior to the Closing, and (ii) Buyer shall deposit the Escrow Fund in accordance with the Escrow Agreement.

Appears in 1 contract

Samples: Asset Purchase Agreement (Medicalogic/Medscape Inc)

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Payment on the Closing Date. Subject to fulfillment or waiver (if permissible) of the conditions set forth in Article ARTICLE IX, at Closing Buyer shall pay Sellers Seller an amount in cash equal to the cash portion of the Purchase Price provided for in Sections 3.1(a) and (c) by wire transfer of immediately available funds to the account in the United States specified by Sellers Seller in writing to Buyer at least three two business days prior to the Closing.

Appears in 1 contract

Samples: Asset Purchase Agreement (SBS Technologies Inc)

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