Examples of Consideration Amount in a sentence
For purposes of this Agreement, the Adjusted Gross Asset Value shall be the aggregate “Cash Consideration Amount.” The Cash Consideration Amount to be paid by the Buyer to the Sellers shall be equal to the sum of the Allocated Asset Values in respect of the Transferred Assets to be purchased and sold at the Closing, as adjusted to reflect net proration and other adjustments provided for in this Agreement applicable to such Transferred Assets.
The BRI Partnership shall have the right to elect, in its sole discretion, on the Closing Date, to accept such title as the Transferor Partners can deliver to the Transferor Partnership Interests and the Property in its then condition and to deliver in exchange therefor the Consideration subject to reduction of the Consideration Amount by the amounts required to remove all Monetary Liens.
The Commitment shall insure fee simple title to the Property in the sole name of the Transferor Partnership and shall be in the amount of the Consideration Amount (as defined in Section 2.01(a) hereof).
If the Closing Date Statement indicates an Estimated Closing Cash Amount of greater than zero, the Closing Consideration Amount shall be increased by the amount of such excess.
The Closing Consideration Amount shall be paid by wire transfer of immediately available funds to an account in New York, New York, which account shall be designated by Seller no fewer than five (5) Business Days prior to the Closing Date.