Balance of the Purchase Price definition

Balance of the Purchase Price means 85% of the Purchase Price more or less, subject to adjustments, if any, as set forth herein, not including the GST, payable on the Closing Date by certified cheque or solicitor’s trust cheque;

Balance of the Purchase Price means the Balance of the Purchase Price described in Clause 3.3 of the Covering Schedule;

Balance of the Purchase Price means the Purchase Price (a) less the Deposit (to the extent then held by Title Insurer), and (b) plus or minus the net sum of the prorations, allocations, charges, credits, withholdings and other adjustments as provided for in this Agreement.

Examples of Balance of the Purchase Price in a sentence

• Except for those provisions of this Agreement which expressly provide that any obligation, representation, warranty or covenant contained therein shall survive the Closing or the termination of this Agreement (collectively, the “Surviving Termination Obligations”), the provisions of this Agreement and the representations and warranties herein shall not survive after the conveyance of title and payment of the Balance of the Purchase Price but be merged therein.

• At Closing, Buyco shall pay the Balance of the Purchase Price less the amount of the previously paid Deposit to Pubco, on the understanding that the Purchase Price represents the full consideration for the acquisition by Buyco of Subco-RI, inclusive of independent legal fees incurred by Pubco in connection with the Arrangement and the other transactions contemplated by this Arrangement Agreement.

• Upon request of Seller, delivered to Purchaser no later than two (2) business days prior to the Closing, Purchaser shall provide at the Closing a wire transfer of federal funds as Seller shall direct, in an aggregate amount not to exceed the Balance of the Purchase Price, as adjusted for apportionments required under this Agreement, payable at the Closing.

• In the event the adjustments and apportionments to be made at the Closing result in a credit balance (i) to Buyer, such sum shall be paid at the Closing by giving Buyer a credit against the Purchase Price in the amount of such credit balance or (ii) to Seller, such sum shall be paid by Buyer to Seller at the Closing by wire transfer of immediately available federal funds to the account or accounts to be designated by Seller for the payment of the Balance of the Purchase Price.

• The Balance of the Purchase Price, as adjusted for apportionments and other adjustments required under this Agreement.

More Definitions of Balance of the Purchase Price

Balance of the Purchase Price means the amount set out in item 3.2.3.2 of the Transaction Schedule, being the Purchase Price less the Deposit;

Balance of the Purchase Price shall have the meaning assigned thereto in Section 2.2(c).

Balance of the Purchase Price means the purchase price minus the first payment;

Balance of the Purchase Price. The balance of the purchase price less the deposit.

Balance of the Purchase Price means the Purchase Price minus the Deposit.

Balance of the Purchase Price means the amount equal to the Purchase Price, as adjusted for the prorations provided for in this Agreement, minus the Deposit and any interest accrued thereon.

Balance of the Purchase Price means the Purchase Price minus the Deposit received by the Escrow Agent.