Common use of Immediately following Completion Clause in Contracts

Immediately following Completion. 8.1.1 the Buyer and the Seller shall procure that the Current Development Sale Agreements are completed and the Seller shall procure that the Company is paid £4,660,000 pursuant to such agreements; 8.1.2 the Seller shall procure that the Consensus Receivable of £700,000 is paid to the Company; and 8.1.3 the Buyer and Seller shall procure that the Necton Share Sale Agreement, the Kyrano Share Sale Agreement and the Consensus Share Sale Agreement are completed and the Seller shall procure that £305,000 is paid to the Company and that £2,730,000 is paid to CSSL pursuant to those agreements, with the balance of £1,500,000 (in aggregate) to be left outstanding as a debt owed to the Company and such £1,500,000 debt owed to the Company is to be set off against the purchase price payable by the Company (or a member of the Buyer’s Group) under the Current Development Purchase Agreements in accordance with clause 7.1.8 of the Umbrella Agreement.