Common use of Payment of Closing Indebtedness Clause in Contracts

Payment of Closing Indebtedness. At the Closing, the Purchaser shall pay and discharge (or cause to be paid and discharged), on behalf of the Company and Elmwood, all Closing Indebtedness evidenced on the Estimated Purchase Price Calculation Statement, by wire transfer of immediately available funds pursuant to written instructions provided to the Purchaser by the Seller concurrently with the delivery of the Estimated Purchase Price Calculation Statement.

Payment of Closing Indebtedness. At the Closing, the Purchaser Buyer shall pay and discharge (or cause to be paid and discharged), on behalf of the Company and ElmwoodTarget Companies, all Closing Indebtedness evidenced on the Estimated Purchase Price Calculation StatementIndebtedness, by wire transfer of immediately available funds pursuant to written instructions provided to the Purchaser Buyer by the Seller concurrently with the delivery of the Estimated Purchase Price Calculation StatementSeller.