Payment of Adjusted Purchase Price. The Adjusted Purchase Price shall be paid to Seller as follows: (a) At Closing, Buyer shall pay to Seller cash equal to the Adjusted Purchase Price. (b) All cash payments by Buyer to Seller pursuant to this Section 2.4 shall be made in immediately available funds by confirmed wire transfer to a bank account designated in writing by Seller to Buyer.
Appears in 2 contracts
Sources: Purchase and Sale Agreement (Viking Energy Group, Inc.), Purchase and Sale Agreement (Viking Energy Group, Inc.)
Payment of Adjusted Purchase Price. The Adjusted Purchase Price shall be paid to Seller as follows:
(a) Contemporaneously with the execution and delivery of this Agreement, Buyer shall tender to Seller cash equal to $2,612,500 as a deposit (such amount to be referred to as the "Deposit").
(b) At Closing, Buyer shall pay to Seller cash by bank transfer in immediately available funds to the account designated by Seller an amount equal to the Adjusted Purchase Price, less the Deposit.
(b) All cash payments by Buyer to Seller pursuant to this Section 2.4 shall be made in immediately available funds by confirmed wire transfer to a bank account designated in writing by Seller to Buyer.
Appears in 2 contracts
Sources: Asset Purchase Agreement, Asset Purchase and Sale Agreement (Vanguard Natural Resources, LLC)