Payments; Closing Sample Clauses
The "Payments; Closing" clause defines the procedures and requirements for the transfer of funds and completion of obligations at the finalization of a transaction. It typically outlines when and how payments must be made, what conditions must be satisfied before closing can occur, and the responsibilities of each party at the closing meeting. This clause ensures that all financial and procedural aspects are clearly addressed, facilitating a smooth and coordinated conclusion to the transaction and minimizing the risk of disputes or delays.
Payments; Closing. With respect to any Shares purchased by the Company pursuant to this Section 2.5, the purchase price shall be paid in cash. Subject to Section 2.6, the closing of any purchase and sale made pursuant to this Section 2.5 shall be held at a time specified by the Company within forty-five (45) days following the exercise of the Company’s right to repurchase at the then principal offices of the Company, or such other place as is agreed upon by the parties thereto. At the closing, (i) Participant shall deliver to the Company the Shares, free and clear of all liens and encumbrances, and duly endorsed for transfer or accompanied by duly executed stock powers, and (ii) the Company shall deliver to Participant the purchase price in the form of cash.
Payments; Closing. (a) Subject to compliance with all the terms and conditions of this Agreement and in reliance on the representations and warranties set forth in this Agreement, in partial consideration for the sale, assignment and transfer of the Patent Property, KENS▇▇ ▇▇▇▇ ▇▇▇ees to issue to INNOVASC and MEDIFIX 200,000 shares of authorized but unissued shares of Common Stock of KENS▇▇ ▇▇▇▇ (▇▇e "Shares"), provided, however that (i) if the last quoted sales price on the Nasdaq Stock Market of the Common Stock of KENS▇▇ ▇▇▇▇ ▇▇ the day this Agreement is executed (the "Last Sales Price") is greater than $15.00 per share, the number of Shares to be issued by KENS▇▇ ▇▇▇▇ ▇▇ INNOVASC and MEDIFIX shall be reduced so as to equal the quotient of $3,000,000 divided by the Last Sales Price, and (ii) if the Last Sales Price is less than $14.00 per share, the number of Shares to be issued by KENS▇▇ ▇▇▇▇ ▇▇ INNOVASC and
Payments; Closing. A. At Closing, Purchaser shall pay to Seller the purchase price of ($ ) DOLLARS, in full, in cash or immediately available funds. The purchase price is non-refundable, for any reason, except as otherwise provided in Paragraph 4.B.
B. The Closing shall take place on or before , 200 , but not more than 30 days from the Effective Date of this Agreement (the “Termination Date”). This Agreement shall automatically terminate without any action or notice by or from either party if the Closing has not taken place on or before the Termination Date, unless this Agreement is extended by written agreement both of the parties.
Payments; Closing