Closing Purchase Price. The closing of the Transactions (the "Closing") shall take place at Saul, Ewing, ▇▇▇▇▇▇ & ▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, at 10:00 a.m., local time, on the later of (a) October 31, 1997 and (b) the first business day after ten (10) days following the date all authorizations, consents, waivers, orders and approvals (and, in the case of Section 6.2(d), modifications) required to be obtained pursuant to the provisions of Section 6.1(a) and 6.2(d) have been obtained, or such other date, prior to the Termination Date, as the parties may agree (the "Closing Date"). At the Closing, each of the parties shall deliver such warranty deeds, bills of sale, assignments, assumptions of liabilities, opinions and other instruments and documents as are described in this Agreement or as may be otherwise reasonably requested by the parties and their respective counsel. The purchase price for the Seller Assets and the Seller Business (the "Purchase Price") shall be an amount equal to $70,250,000, subject to adjustment as provided in Section 2.2(d) plus an amount equal to the Prepaid Expenses and minus an amount equal to the sum of (a) the Seller Nonassumed Obligations, if any, which ATS agrees to assume, and (b)
Appears in 1 contract
Sources: Asset Purchase Agreement (Lenfest Communications Inc)
Closing Purchase Price. The closing of the Transactions (the "Closing") shall take place at Saul, Ewing, ▇▇▇▇▇▇ & ▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, at 10:00 a.m., local time, on the later of (a) October 31, 1997 and (b) the first business day after ten (10) days following the date all authorizations, consents, waivers, orders and approvals (and, in the case of Section 6.2(d), modifications) required to be obtained pursuant to the provisions of Section 6.1(a) and 6.2(d) have been obtained, or such other date, prior to the Termination Date, as the parties may agree (the "Closing Date"). At the Closing, each of the parties shall deliver such warranty deeds, bills of sale, assignments, assumptions of liabilities, opinions and other instruments and documents as are described in this Agreement or as may be otherwise reasonably requested by the parties and their respective counsel. The purchase price for the Seller Assets and the Seller Business (the "Purchase Price") shall be an amount equal to $70,250,000, subject to adjustment as provided in Section 2.2(d) plus an amount equal to the Prepaid Expenses and minus an amount equal to the sum of (a) the Seller Nonassumed Obligations, if any, which ATS agrees to assume, and (b)
Appears in 1 contract
Sources: Asset Purchase Agreement (American Tower Systems Corp)
Closing Purchase Price. The closing of the Transactions (the "Closing") shall take place at Saul, Ewing, Remick & Saul, 3800 Central Square West, Philadelphia, Pennsylvania ▇▇▇▇▇▇ & ▇▇▇▇, ▇▇▇a▇ ▇▇▇▇▇:0▇ ▇.▇., ▇▇▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇ ▇▇▇▇▇ ▇▇ (▇▇▇▇▇▇, ▇▇▇▇▇) ▇▇▇▇▇▇▇ ▇▇, ▇▇▇, at 10:00 a.m., local time, on the later of (a) October 31, 1997 ▇ and (b) the first business day after ten (10) days following the date all authorizations, consents, waivers, orders and approvals (and, in the case of Section 6.2(d), modifications) required to be obtained pursuant to the provisions of Section 6.1(a) and 6.2(d) have been obtained, or such other date, prior to the Termination Date, as the parties may agree (the "Closing Date"). At the Closing, each of the parties shall deliver such warranty deeds, bills of sale, assignments, assumptions of liabilities, opinions and other instruments and documents as are described in this Agreement or as may be otherwise reasonably requested by the parties and their respective counsel. The purchase price for the Seller Assets and the Seller Business (the "Purchase Price") shall be an amount equal to $70,250,000, subject to adjustment as provided in Section 2.2(d) plus an amount equal to the Prepaid Expenses and minus an amount equal to the sum of (a) the Seller Nonassumed Obligations, if any, which ATS agrees to assume, and (b)
Appears in 1 contract
Sources: Asset Purchase Agreement (American Radio Systems Corp /Ma/)
Closing Purchase Price. (a) The closing of the Transactions (the "Closing") shall take place at SaulWilloughby & Hoefer, EwingP.A., ▇▇▇▇▇▇ & ▇▇▇▇1022 Calhoun Street, ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇Suite 302, Colum▇▇▇, ▇▇▇▇h C▇▇▇▇▇▇▇▇a 29202, ▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇:▇▇ ▇.▇, at 10:00 a.m.., local time, on the later of (a) October 31May 30, 1997 and (b) the first business day after ten (10) days following the date all authorizations, consents, waivers, orders and approvals (and, in the case of Section 6.2(d), modifications) required to be obtained pursuant to the provisions of Section 6.1(a) and 6.2(d) have been obtained, or such other date, prior to the Termination Date, as the parties may agree (the "Closing Date"). At the Closing, each of the parties shall deliver such warranty deeds, bills of sale, assignments, assumptions of liabilities, opinions and other instruments and documents as are described in this Agreement or as may be otherwise reasonably requested by the parties and their respective counsel. The purchase price for the Seller Assets and the Seller Business (the "Purchase Price") shall be an amount equal to $70,250,0005,000,000, subject to adjustment as provided in Section Sections 2.2(d), 2.3(b) and 2.3(c), plus an amount equal to the sum of (x) the Debt Adjustment and (y) the Prepaid Expenses and minus an amount equal to the sum of (ai) the Seller Nonassumed Obligations, if any, which ATS agrees to assume, and (bii)
Appears in 1 contract
Sources: Asset Purchase Agreement (American Radio Systems Corp /Ma/)