Satisfaction of Purchase Price. The Purchase Price shall be paid and satisfied as follows: (1) the deposit in the amount of <REDACTED> which shall be paid by the Purchaser to the Monitor in trust on behalf of the Vendor within three (3) Business Days of the date of this Agreement (the “Deposit”) shall be applied against the Purchase Price on Closing. The Purchaser agrees that it waives the right to receive any interest accrued on the Deposit; and (2) the balance of the Purchase Price, after crediting the Deposit in Section 3.2(1) above, shall be paid by the Purchaser to the Monitor on Closing.
Appears in 1 contract
Samples: Asset Purchase Agreement
Satisfaction of Purchase Price. The Purchase Price shall be paid and satisfied as follows:
(1) the deposit in the amount of <[REDACTED> ] which shall be paid by the Purchaser to the Monitor in trust on behalf of the Vendor within three (3) Business Days of the date Vendors on execution of this Agreement (the “Deposit”) shall be applied against the Purchase Price on Closing. The Purchaser agrees that it waives the right to receive any accrued interest accrued earned on the Deposit; and
(2) the balance of the Purchase Price, after crediting the Deposit in Section 3.2(1) above, shall be paid by the Purchaser to the Monitor on Closing.
Appears in 1 contract
Samples: Asset Purchase Agreement
Satisfaction of Purchase Price. The Purchase Price shall be paid and satisfied as follows:
(1) the deposit in the amount of <REDACTED> which shall be paid by the Purchaser to the Monitor in trust on behalf of the Vendor within three (3) Business Days of the date of this Agreement (the “Deposit”) shall be applied against the Purchase Price on Closing. The Purchaser agrees that it waives the right to receive any interest accrued on the Deposit; and
(2) the balance of the Purchase Price, after crediting the Deposit in Section 3.2(1) above, shall be paid by the Purchaser to the Monitor on behalf of the Vendor on Closing.
Appears in 1 contract
Samples: Asset Purchase Agreement
Satisfaction of Purchase Price. The Purchase Price shall be paid and satisfied as follows:
(1) the deposit in the amount of <[REDACTED> ] which shall be paid by the Purchaser to the Monitor in trust on behalf of the Vendor within three (3) Business Days of the date of this Agreement (the “Deposit”) shall be applied against the Purchase Price on Closing. The Purchaser agrees that it waives the right to receive any accrued interest accrued earned on the Deposit; and
(2) the balance of the Purchase Price, after crediting the Deposit in Section 3.2(1) above, shall be paid by the Purchaser to the Monitor on Closing.
Appears in 1 contract
Samples: Asset Purchase Agreement
Satisfaction of Purchase Price. The Purchase Price shall be paid and satisfied as follows:
(1) the deposit in the amount of <REDACTED> which shall be paid by the Purchaser to the Monitor in trust on behalf of the Vendor within three (3) Business Days of the date Vendors on execution of this Agreement (the “Deposit”) shall be applied against the Purchase Price on Closing. The Purchaser agrees that it waives the right to receive any accrued interest accrued earned on the Deposit; and
(2) the balance of the Purchase Price, after crediting the Deposit in Section 3.2(1) above, shall be paid by the Purchaser to the Monitor on Closing.
Appears in 1 contract
Samples: Asset Purchase Agreement