Common use of Payment by the Purchasers Clause in Contracts

Payment by the Purchasers. Subject to the terms and conditions of this Agreement, at the Closing, the Purchaser hereby agrees to purchase the Shares from the Seller for the Purchase Price. At the Closing, the Purchaser shall pay to the Seller cash in the total amount of the Purchase Price by wire transfer in immediately available funds to such account as the Seller shall designate in writing. The term “Purchase Price” shall mean an amount equal to $2.90 per Share multiplied by the number of Shares being sold by the Seller and the aggregate Purchase Price to be paid by the Purchaser to the Seller for the Shares shall be $3,419,714.80.

Payment by the Purchasers. Subject to the terms and conditions of this Agreement, at the Closing, the Purchaser Purchasers hereby agrees agree to purchase the Shares from each of the Seller Sellers for the Purchase Price. At the Closing, the Purchaser Purchasers shall pay to each of the Seller Sellers cash in the total amount of the Purchase Price by wire transfer in immediately available funds to such account as the Seller Sellers shall designate in writing. The term “Purchase Price” shall mean an amount equal to $2.90 1.75 per Share multiplied by the number of Shares being sold by the a Seller and the aggregate Purchase Price to be paid by the Purchaser Purchasers to all of the Seller Sellers for the Shares shall be $3,419,714.802,840,292.