Common use of Additional Purchase Price Payments Clause in Contracts

Additional Purchase Price Payments. If the Closing hereunder has occurred, then: (i) In the event that the Puget Closing Date occurs prior to the Portland Closing Date, on the Puget Closing Date Purchaser shall pay to Seller the Puget Payment Amount; (ii) In the event that the Portland Closing Date occurs prior to the Puget Closing Date, on the Portland Closing Date Purchaser shall pay to Seller the Portland Payment Amount; and (iii) On the Final Closing Date, Purchaser shall pay to Seller the Combined Payment Amount. All payments made pursuant to this Section 1.05(b) shall be paid by wire transfer of immediately available United States funds to such account as Seller may reasonably direct by written notice delivered to Purchaser by Seller at least two (2) Business Days before the applicable closing date.