Common use of Note Purchase Price Clause in Contracts

Note Purchase Price. The Buyer shall pay to the Seller, by 2:00 p.m. (New York City time), by cashier's check or wire transfer, the amount of the Note Purchase Price. All payments of the Note received by the Seller before the Closing Date shall belong to the Seller. All payments of the Note received by the Seller on or after the Closing Date shall belong to the Buyer. In the event that a draft the Seller has received in payment of the Note is dishonored after the Closing Date, an adjustment to the Note Purchase Price in the Seller's favor shall be made upon notification by the Seller to the Buyer that the check has been dishonored, and the Buyer shall promptly forward that amount to the Seller.

Note Purchase Price. The Buyer shall pay to the Seller, by 2:00 p.m. (New York City time), by cashier's ’s check or wire transfer, the amount of the Note Purchase Price. All payments of the Note received by the Seller before the Closing Date shall belong to the Seller. All payments of the Note received by the Seller on or after the Closing Date shall belong to the Buyer. In the event that a draft the Seller has received in payment of the Note is dishonored after the Closing Date, an adjustment to the Note Purchase Price in the Seller's ’s favor shall be made upon notification by the Seller to the Buyer that the check has been dishonored, and the Buyer shall promptly forward that amount to the Seller.