First Closing Payment definition

First Closing Payment has the meaning in Section 8.1.
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First Closing Payment means an amount equal to the product of (a) an amount equal to the quotient of (i) First Closing Fund Assets, divided by (ii) Total Alliance Fund Assets, multiplied by (b) twenty-five million dollars ($25,000,000).
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First Closing Payment means (a) the First Closing Purchase Price; minus (b) Closing Indebtedness for the First Closing; minus (c) the Expense Fund.
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Examples of First Closing Payment in a sentence

  • Purchaser shall deliver the First Closing Payment to Seller by wire transfer of immediately available funds under Section 3.4(b).

  • GSK shall pay the First Closing Payment to Welichem by electronic wire transfer into the trust account of Welichem’s Counsel in a British Columbia, Canadian bank within [***] after the First Closing; provided that GSK receives prior to the First Closing an Invoice from Welichem, accompanied by a letter from Welichem’s Counsel confirming that all conditions precedent to GSK’s obligations to close set forth in Section 5.3 have been satisfied.

  • The First Closing Payment Certificate and the components thereof shall be prepared and calculated in good faith, and in the manner and on a basis consistent with the definitions hereof.

  • If the actual First Closing Payment is higher than the estimated First Closing Payment, Purchaser shall pay to Sellers an amount equal to the excess amount; if it is lower, Sellers shall pay to Purchaser the shortfall amount, in either case within ten (10) Business Days of delivery of the second such statement.

  • Not less than two (2) Business Days prior to each Closing Date, Owners Representative shall deliver to Buyer a statement (each, a “Closing Statement”) that sets forth (a) the Closing Indebtedness, (b) a calculation of the First Closing Payment or Second Closing Payment, as the case may be, and (c) wire transfer instructions and allocation of First Closing Payment or Second Closing Payment, as the case may be, with respect to the applicable Owners.


More Definitions of First Closing Payment

First Closing Payment shall have the meaning ascribed thereto in Section 4.3(a);
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First Closing Payment means an amount equal to:
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First Closing Payment means an amount equal to the product of (a) an amount equal to the quotient of (i) First Closing Fund Assets, divided by
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First Closing Payment means the Estimated First Closing Purchase Price minus (a) the Adjustment Escrow Amount, minus
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First Closing Payment shall have the meaning set forth in Section 2.2(a)(i).
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First Closing Payment means Two Million Dollars ($2,000,000), all of which (the "Refundable Amount") shall be refundable in accordance with the terms of Section 9.2.
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First Closing Payment is defined in Section 2.3(a).
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