PAYMENT AT CLOSING definition

PAYMENT AT CLOSING shall have the meaning set forth in SECTION 4.1. "PAYMENT DATE" shall have the meaning set forth in SECTION 5.2. "PERIOD ONE" shall have the meaning set forth in SECTION 4.2. "PERMITTED CORRECTIVE ACTION" shall mean action to correct or repair a problem with a product or service that was previously provided to a customer pursuant to a Customer Contract, where such correction or repair is provided in the ordinary course of business and without the unreimbursed expenditure of more than a DE MINIMIS amount of funds (other than payroll) or commitment of a material amount of resources. "PERIOD TWO" shall have the meaning set forth in SECTION 4.2. "PERMITTED LIENS" shall have the meaning set forth in SECTION 7.6. "PERSON" shall mean any individual, corporation, partnership, Limited Liability Company, joint venture, association, joint-stock company, trust, unincorporated organization, labor union or governmental authority. "PERSONAL PROPERTY" shall have the meaning set forth in SECTION 2.1.6. "POST-CLOSING ESCROW" shall have the meaning set forth in SECTION 12.1.4. "PRE-CLOSING TAXES" shall have the meaning set forth in SECTION 3.2. "REAL PROPERTY" shall have the meaning set forth in SECTION 2.1.7. "RECORDS" shall have the meaning set forth in SECTION 2.1.9. "REQUIRED CONSENT" shall have the meaning set forth in SECTION 10.2.5. "SHARE" or "SHARES" means all of the issued and outstanding shares in the capital of the Company and more particularly XXX common shares free and clear of all encumbrances, charges, liens, claims or limitation that would affect the transfer of all rights with respect thereto to the Buyer; "SELLER" shall have the meaning set forth in the Preamble. 6
PAYMENT AT CLOSING means that portion of the Purchase Price Buyer is to pay at the Closing.
PAYMENT AT CLOSING has the meaning set out in Clause 3.2.1.1;

Examples of PAYMENT AT CLOSING in a sentence

  • AS BETWEEN BUYER AND SELLER, ANY ESTIMATED CREDIT OR PAYMENT AT CLOSING SHALL NOT BE SUBJECT TO ANY FURTHER SETTLEMENT OR ADJUSTMENT AFTER CLOSING EVEN THOUGH THE AMOUNT ESTIMATED AT CLOSING MAY VARY FROM THE ACTUAL AMOUNT DUE ONCE THE TAX RATES AND/OR ASSESSMENTS ARE FINALIZED.


More Definitions of PAYMENT AT CLOSING

PAYMENT AT CLOSING shall have the meaning set forth in SECTION 4.1.

Related to PAYMENT AT CLOSING