Cash Due at Closing Clause Samples

Cash Due at Closing. Cash due at Closing is the bid price less the ▇▇▇▇▇▇▇ Money Deposit received, plus any outstanding encumbrance amount that survived foreclosure and/or any pro-rations (see Paragraph 3 below.) All initial deposits to escrows and/or reserve accounts, if applicable, must be made at Closing.
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Cash Due at Closing. At and as a part of Closing, the E▇▇▇▇▇▇ Money Deposit shall be delivered to Seller in part payment of the Purchase Price. The balance of the Purchase Price, subject to prorations and adjustments as provided in this Agreement, shall be paid by Buyer to Seller at Closing in immediate U.S. funds, which includes a completed bank wire transfer of immediate U.S. funds to an account designated by the Escrow Agent.
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Cash Due at Closing. The bid price less the ▇▇▇▇▇▇▇ Money Deposit plus all initial deposits to escrow and/or reserve accounts HUD may require less any prorations and any outstanding encumbrance that survived the Foreclosure Sale. Funds shall be paid in the form of a money order, certified funds or a cashier’s check made payable to: The U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.
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Cash Due at Closing. Buyer shall pay the following:
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Cash Due at Closing. On the Closing Date, the Buyer shall pay to the Sellers the sum of Fifteen Million Dollars ($ 15,000,000.00), less the good faith deposit of Two Hundred and Fifty Thousand Dollars ($250,000.00) previously paid by Buyer to the Sellers, by means of a cashiers check or wire transfer to the trust account of the Sellers' attorney in this transaction who shall distribute the remaining cash amount to the Sellers in accordance with their pro rata ownership of the Shares set forth on Schedule 3; provided, however, that the amount payable to the Sellers pursuant to this Section 4.2 shall be net of commissions payable upon Closing to GVC Financial Services, LLC ("GVC").
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Cash Due at Closing. At Closing, the Approved High Bidder will pay all Cash Due at Closing. Cash Due at Closing is the bid price less the ▇▇▇▇▇▇▇ Money Deposit received, less any prorations, plus all initial deposits to escrows and/or reserve accounts, if applicable. Any outstanding encumbrance amount that survives the Foreclosure Sale is also due.
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Cash Due at Closing. After crediting the Buyer for the SEVEN MILLION DOLLARS ($7,000,000.00) paid by the Buyer as the Deposit (as amended hereby) and the THREE MILLION DOLLARS ($3,000,000.00) paid by the Buyer as the Option Payment, the amount of the Purchase Price (as reduced hereby) due at the Closing shall be EIGHTY-ONE MILLION, FIVE HUNDRED THOUSAND DOLLARS ($81,500,000.00), subject to any and all further adjustments to be made at the Closing in accordance with the Agreement and Section 2 above.
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Cash Due at Closing. At the “Close of Escrow” (as hereinafter defined), BUYER shall deliver the Purchase Price to STATE in the following manner: A) The Purchase Price shall be paid pursuant to the terms of a secured promissory note in the form attached hereto as Exhibit “D,” (“the Note”) in the original principal amount of Ninety-Six Million Dollars (US$96,000,000). The Note shall provide that upon the Close of Escrow, BUYER shall make or cause to be made a principal payment on the Note in an amount equal to Nineteen Million Two Hundred Thousand Dollars ($19,200,000.00) (the "Closing Principal Payment"). B) Within three (3) business days after BUYER's execution and delivery of this Agreement, BUYER shall cause its ground lessee to deposit with Escrow Holder an amount equal to One Million Dollars ($1,000,000.00). Said amount shall be placed into a separate escrow account that is controlled solely by BUYER's ground lessee. Said funds shall in no event be deemed to be the Deposit (defined below) under this Agreement unless and until the Opening of Escrow occurs as provided herein, and BUYER's ground lessee causes such funds to be transferred into the Escrow established with Escrow Holder for this Agreement to become the Deposit hereunder. Within three (3) business days after the “Opening of Escrow” (as hereinafter defined, BUYER shall deposit (in cash or its equivalent) One Million Dollars ($1,000,000 US) (the "Deposit") with the “Escrow Holder” (as hereinafter defined). Escrow Holder shall hold the Deposit in an interest bearing account reasonably acceptable to BUYER. If the Close of Escrow occurs, the principal portion of the Deposit, together with all interest accrued thereon, shall be credited toward the Closing Principal Payment. All references in this Agreement to the Deposit shall include interest accrued thereon; provided, however, that interest on the Deposit shall accrue for the benefit of BUYER. If BUYER'S purchase of the Property is consummated as herein contemplated, the Deposit shall be credited towards the Closing Principal Payment. If the purchase contemplated herein is not consummated due to the default of BUYER hereunder, the Deposit, together with accrued interest thereon, shall be delivered to STATE as liquidated damages, in accordance with the terms of this Agreement. If this Agreement is terminated due to STATE's default or the failure of a condition for BUYER's benefit, the Deposit, together with all interest accrued thereon shall be refunded to BUYER. C) A...
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Related to Cash Due at Closing

  • Payments at Closing (a) At the Closing, the Base Purchase Price, minus the amounts to be paid into escrow pursuant to Section 2.3(b) and 2.3(c), shall be paid by Buyer by wire transfer of U.S. dollars to an account to be established by the Shareholder Representative on behalf of all of the Shareholders. The Shareholder Representative shall provide wire transfer instructions for such account to the Buyer not less than five (5) days prior to the Closing Date. Buyer's transfer of funds to such account at the Closing shall constitute payment by the Buyer to each Shareholder of such Shareholder's Proportionate Interest of such amount. Notwithstanding the above, the Shareholders have the option to elect to receive an aggregate of up to Thirty-Five Million Dollars ($35,000,000) of the amount to be paid pursuant to this Section 2.3(a) in promissory notes in the form attached hereto as Exhibit A. Each note shall bear interest from and after the Closing at a fixed rate per annum equal to the LIBOR rate, minus twenty-five (25) basis points, and shall be due in full on January 15, 1996. The exercise of the right to receive promissory notes shall be effected by a written notice delivered by the Shareholder Representative to the Buyer at least ten (10) business days prior to the Closing Date setting forth the aggregate amount of the notes to be issued. Once made, the election shall be irrevocable and shall bind all the Shareholders. In the event of such election, each Shareholder shall receive at Closing a promissory note in the form attached hereto as Exhibit A in the principal amount of such Shareholder's Proportionate Interest of the aggregate amount of the promissory notes. The cash payment due at the Closing pursuant to this Section 2.3(a) shall be reduced by the principal amount of the promissory notes issued at the Closing. (b) Buyer shall pay to the Escrow Agent the sum of Two Million Dollars ($2,000,000) (the "General Escrow Fund") pursuant to the terms of the General Escrow Fund Agreement substantially similar in substance to the form attached hereto as Exhibit B. (c) Buyer shall pay to the Escrow Agent the sum of Five Hundred Thousand Dollars ($500,000) (the "Balance Sheet Escrow Fund"), pursuant to the terms of the Balance Sheet Escrow Fund Agreement substantially similar in substance to the form attached hereto as Exhibit C. Buyer's transfer of funds to the Escrow Agent at the Closing pursuant to Sections 2.3(b) and 2.3(c) shall constitute payment by Buyer to each Shareholder of such Shareholder's Proportionate Interest of the amount paid to the Escrow Agent.