Installment Payment. Buyer agrees it shall pay Seller $100,000 on or before the 12-month anniversary of the Closing Date, for the purpose of paying its remaining creditors, including without limitation, M Advertising. In the event that the Buyer closes on a financing equal to or greater than $3 million, the Installment Payment shall be accelerate to include the entire balance at the time of Closing.
Appears in 2 contracts
Sources: Purchase and Sale of Assets (Health Sciences Group Inc), Purchase and Sale of Assets (Health Sciences Group Inc)