Examples of Closing Cash in a sentence
Payment of the Closing Payment, less the Indemnity Holdback Closing Cash, to Sellers by wire transfer of immediately available funds to an account designated by Sellers (which account shall be so designated by Sellers in writing to Buyer not later than two (2) Business Days prior to the Closing Date).
The Closing Cash Consideration and any other payment under this Agreement will be paid free and clear of, and without deduction or withholding for, any Taxes, unless such deduction or withholding is required under applicable Law.
If Buyer determines that any amount of the Closing Cash Consideration, or any other payment under this Agreement, is subject to deduction or withholding for Taxes, Buyer shall use commercially reasonable efforts to promptly notify Seller in writing of such determination.
The Closing Cash shall be paid at the Closing by wire transfer in the amounts and to the accounts of the Member Representative and the Company’s broker specified on Exhibit 3.2 (the “Payment Schedule”) on behalf of the Members.
The Members hereby acknowledge and agree that the payment of the Closing Cash as set forth on the Payment Schedule shall fully satisfy the Purchaser’s obligations hereunder with respect to the payment of the Closing Cash.