Payments by Seller. Section 2.1. Agreement to Pay Indemnification Expenses.........................2 Section 2.2. Condition to Payments.............................................3 ARTICLE III
Payments by Seller. Seller shall at all times pay all fees, rentals and royalties due and payments due to all mineral and all royalty owners and all amounts due under all documents, as may appear of record or otherwise to be binding upon Seller, and shall pay all other persons having any interests in the Gas sold and delivered hereunder, which interests arise prior to the Delivery Point.
Payments by Seller. Seller shall deliver, or cause to be delivered, to Buyer a payment by wire transfer of immediately available funds to an account identified in writing to Seller by Buyer in the amount of the Vale Prepayment Amount plus the amount, if any, required to be paid by Seller to Buyer pursuant to Section 5.10.
Payments by Seller. On the Effective Date:
(a) The Seller will promptly pay to the Participant all amounts received by the Seller in respect of the Seller’s Interest. Until such time as Seller pays any such amounts to Participant, Seller shall (i) hold such amounts for the account and sole benefit of the Participant, and (ii) have no equitable or beneficial interest in such amounts.
(b) If securities are to be issued pursuant to a plan of reorganization or restructuring or otherwise, in payment of a Loan, Seller shall notify Participant of such prospective issuance and shall use good faith efforts to cause Participant’s share of such securities to be registered and issued in such names as Participant shall direct unless Seller is prohibited from the foregoing under any law, rule, order or contract. In the event that Seller cannot cause such instruments to be so registered it will, promptly after receipt, transfer Participant’s share of such instruments to Participant with proper endorsement (without recourse) or transfer powers duly endorsed in blank unless Seller is prohibited from the foregoing under any law, rule, order or contract in which case Seller will continue to hold the same for Participant’s account hereunder.
Payments by Seller and Warrantor to Purchaser pursuant to this Clause 8 shall be made within 30 Business Days from an undisputed claim notice by Purchaser. In the event of dispute by Warrantor of such claim, payment shall be made within 15 Business Days from (i) Warrantor and Purchaser having reached an amicable settlement, or (ii) a final and binding arbitral award in respect of such claim.
Payments by Seller. Should any amount required to be paid under any Acquisition Document be unpaid, such amount may be paid by Seller, which payment shall be added to the outstanding principal amount of Seller Note 1 as of the date such payment is due, and Purchaser irrevocably authorizes disbursement of any such funds to Seller by way of direct payment of the relevant amount, interest or Obligations. No payment or prepayment of any amount by Seller or any other Person shall entitle any Person to be subrogated to the rights of Seller under any Acquisition Document unless and until the Obligations have been fully performed and paid irrevocably in cash and this Agreement has been terminated. Any sums expended by Seller as a result of Purchaser’s failure to pay, perform or comply with any Acquisition Document or any of the Obligations may be added to the outstanding principal amount of Seller Note 1 and added to the Obligations.
Payments by Seller. Subject to the terms and conditions of this Agreement, at the Closing Seller shall pay to each employee of the Business that is hired by Buyer, an amount, subject to applicable withholding, equal to such employee’s accrued but unused vacation time plus an amount equal to any performance bonus earned by such employee for periods up to the Closing Date.
Payments by Seller. Seller shall pay to Purchaser on the Closing Date the Payment Amount in cash by wire transfer of funds originated no later than 12:00 noon to Purchaser's account using such wire transfer instructions as are provided by Purchaser three business days prior to the Closing Date.
Payments by Seller. All installments of real property taxes on the Purchased Real Property for 2009 payable in 2010 have been paid by Seller prior to the Closing Date. All real property taxes that will be due and owing with respect to the Purchased Real Property for 2010 payable in 2011 shall be paid when due by Seller.
Payments by Seller. In consideration of Buyer's purchase of the Assets and its assumption of the Liabilities, Seller shall pay to Buyer in immediately available funds an amount equal to the Deposits, as of the close of business on the Closing Date, less the sum of the following, calculated as at the close of business on the Closing Date:
(a) $285,000 for the Real Property and Fixed Assets purchased by Buyer;
(b) the aggregate principal amounts outstanding plus any accrued interest on the Loans as recorded on Seller's books;
(c) the amount of cash on hand at the Branch;
(d) the net amount (which may be a negative amount) of taxes payable by Buyer and Seller under Section 2.4 (i.e., the amount payable by Buyer less the amount payable by Seller);
(e) the net amount (which may be a negative amount) of any adjustments under Section 2.6 (i.e., the amount payable by Buyer less the amount payable by Seller); and
