Cash Portion of the Purchase Price definition
Examples of Cash Portion of the Purchase Price in a sentence
At the Closing (as defined below), the parties hereto shall direct the Title Company to release from Escrow and wire to Seller and the Cash Portion of the Purchase Price delivered to the Title Company pursuant to Section 2.3 above, record the Deed and all applicable Loan Assumption Documents, and deliver to Buyer and/or Seller, as applicable, all of the agreements, instruments and other documents delivered to the Title Company pursuant to Sections 7.3, 7.4, 7.5 and 7.6 below.
The Cash Portion of the Purchase Price will have been deposited by Purchaser with Escrow Agent (as hereinafter defined in Section 3.1) no later than the time of Closing by wire transfer of immediately available federal funds.
If requested by Buyer, Seller shall also deliver the supporting schedules for such calculation showing, in reasonable detail, each item of Purchased Assets that increases the Cash Portion of the Purchase Price and each item of Assumed Liability that reduces the Cash Portion of the Purchase Price (the "Supporting Schedules").
Buyer shall be responsible for Social Security taxes, FICA, and payroll expenses in respect of wages accrued prior to the Closing paid to Buyer by Seller (or credited against the Cash Portion of the Purchase Price).
The entire portion of the Purchase Price allocated to the Real Property shall be paid from the Cash Portion of the Purchase Price.