Details of payments. 85 % of the Closing Payment, minus the amount of CHF 12’500’000.--, as per Section 2.2.1 (a) shall be paid by Buyer for the benefit of Sellers to an account indicated by Sellers. Sellers shall deliver to Buyer the payment instructions (bank account no. etc) for the payment no later than five (5) Business Days prior to the anticipated date of the Closing. 15 % of the Closing Payment shall be paid to the accounts indicated in the Escrow Agreement.
Appears in 2 contracts
Sources: Share Purchase Agreement, Share Purchase Agreement (Bio Rad Laboratories Inc)