Unpaid Balance at Closing Sample Clauses

Unpaid Balance at Closing. Except as set forth in this Agreement, $[amount] shall be paid pursuant to the terms and provisions of a [nonnegotiable] promissory note (Note) that Personal Property Purchaser shall execute at the Closing. The Note will provide for monthly installment payments by Personal Property Purchaser to Personal Property Seller at a rate of $[amount] or more; the payments shall include interest on the unpaid balance. Interest shall accrue on the unpaid balance at a rate of [percentage] per annum. The installment payments of the Note shall commence at a mutually agreeable date approximately one month from the Closing Date and shall continue monthly thereafter until the principal and interest are fully paid; provided, however, that the unpaid principal and interest shall be fully paid no later than [time period] from the effective date of the Note. [A draft copy of the Note is attached as Exhibit 3.2a.] [If payments are to be made in installments other than monthly installments, appropriate adjustments must be made.]
Sample 1
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Unpaid Balance at Closing. Except as set forth in this Agreement, $1,070,000.00 shall be paid pursuant to the terms and provisions of a promissory note (Note) that Purchaser shall execute at the Closing. The Note will provide for monthly installment payments at a rate of $57,000.00 per month for ten (10) consecutive months and equal monthly installments of $50,000.00 per month for the following ten (10) consecutive months; the payments shall not include interest on the unpaid balance. Interest shall accrue on the unpaid balance at a rate of zero (0.00%) percent per annum. The installment payments of the Note shall commence on March 15, 2012 and shall be due and payable on the 15th of every month thereafter and shall continue monthly until the principal is fully paid; provided, however, that the unpaid principal, if not paid sooner, shall be fully paid no later than twenty (20) months from the effective date of the Note. [A draft copy of the Note is attached as Exhibit 3.2.]
Sample 1
Unpaid Balance at Closing. $[Amount], the balance, shall be paid pursuant to the terms and provisions of a land contract which Real Estate Purchaser shall execute at the Closing (Land Contract). The Land Contract will provide for payments from Real Estate Purchaser to Real Estate Seller at a rate of $[amount], or more, per month, including interest, which shall accrue on the unpaid balance at a rate of [percentage] per annum. The installment payments of the Land Contract shall commence at a mutually agreeable date approximately 30 days from the date of the Closing and shall continue monthly until the principal and interest shall be fully paid; provided, however, the unpaid principal and interest are fully paid no later than [time period] from the date of the obligation. A copy of the Land Contract is attached as Exhibit 3.2b.] [Use the following paragraphs for a cash sale with commercial loan.] [The total Purchase Price shall be paid at the Closing, subject to the following:
Sample 1

Related to Unpaid Balance at Closing

  • Cash at Closing At Closing, Purchaser shall pay to Seller, by wire transferred current federal funds, an amount equal to the Purchase Price, minus the sum of the Xxxxxxx Money which Seller receives at Closing from the Escrowee, and plus or minus, as the case may require, the closing prorations and adjustments to be made pursuant to Section 4(C) below.

  • Payment at Closing The Borrower shall have paid (A) to the Administrative Agent, the Arrangers and the Lenders the fees set forth or referenced in Section 4.3 and any other accrued and unpaid fees or commissions due hereunder, (B) all reasonable fees, charges and disbursements of counsel to the Administrative Agent (directly to such counsel if requested by the Administrative Agent) to the extent accrued and unpaid prior to or on the Closing Date, plus such additional amounts of such reasonable fees, charges and disbursements as shall constitute its reasonable estimate of such fees, charges and disbursements incurred or to be incurred by it through the closing proceedings (provided that such estimate shall not thereafter preclude a final settling of accounts between the Borrower and the Administrative Agent) and (C) to any other Person such amount as may be due thereto in connection with the transactions contemplated hereby, including all taxes, fees and other charges in connection with the execution, delivery, recording, filing and registration of any of the Loan Documents.

  • Remaining Balance Each Receivable has a remaining balance of at least $2,000.99 and not greater than $82,450.59.

  • Deposits to the Collection Account and Special Payments Account (a) The Subordination Agent shall, upon receipt thereof, deposit in the Collection Account all Scheduled Payments received by it (other than any Scheduled Payment which by the express terms hereof is to be deposited to a Cash Collateral Account).

  • Distributions from Certificate Account and Special Payments Account (a) On each Regular Distribution Date with respect to a series of Certificates or as soon thereafter as the Trustee has confirmed receipt of the payment of all or any part of the Scheduled Payments due on the Equipment Notes held (subject to the Intercreditor Agreement) in the related Trust on such date, the Trustee shall distribute out of the applicable Certificate Account the entire amount deposited therein pursuant to Section 4.01(a). There shall be so distributed to each Certificateholder of record of such series on the Record Date with respect to such Regular Distribution Date (other than as provided in Section 11.01 concerning the final distribution) by check mailed to such Certificateholder, at the address appearing in the Register, such Certificateholder’s pro rata share (based on the Fractional Undivided Interest in the Trust held by such Certificateholder) of the total amount in the applicable Certificate Account, except that, with respect to Certificates registered on the Record Date in the name of a Clearing Agency (or its nominee), such distribution shall be made by wire transfer in immediately available funds to the account designated by such Clearing Agency (or such nominee).

  • Post-Closing Payments (a) On the first anniversary of the Closing Date, Buyer will pay to Seller or, to the extent designated by Seller in writing and in accordance with Section 3.11, to the Members in accordance with their respective Pro Rata Percentages, the remaining 33.33% of the Closing Cash Consideration, as finally determined in accordance with Section 3.4 (the “Deferred Cash Payment”), via wire transfer to the Seller’s Bank Account or the Member Bank Accounts, as applicable.

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