Common use of Closing Date Cash Payment Clause in Contracts

Closing Date Cash Payment. Subject to adjustment as set forth in Section 2.2, on the Closing Date, the Buyer shall pay to the account of the Seller, an amount (the “Closing Date Cash Payment”) equal to: (i) the Purchase Price, minus (ii) the Indebtedness of the Company Entities as of the Determination Time, minus (iii) the Seller Transaction Expenses. The Seller shall specify such account(s) in writing at least three (3) Business Days prior to the Closing Date.