Payment of Purchase Price and Closing Clause Samples
The "Payment of Purchase Price and Closing" clause sets out the procedures and requirements for the buyer to pay the agreed purchase price and for the formal transfer of ownership to occur. Typically, this clause details the timing, method, and conditions under which payment must be made, such as wire transfer or certified check, and specifies the date and location for the closing meeting where documents are exchanged and the transaction is finalized. Its core function is to ensure both parties understand their obligations regarding payment and closing logistics, thereby reducing the risk of misunderstandings or disputes at the critical final stage of the transaction.
Payment of Purchase Price and Closing. The purchase and sale contemplated by this Agreement shall be completed on October 13, 2004, or on such earlier date to which the closing is accelerated pursuant to this Section 1.3 (the "Closing Date") at 10 a.m. at RCI's head office in Toronto, Ontario when RCI shall pay the Purchase Price to JVII by wire transfer of funds to the account specified by JVII by written notice to RCI given not later than two business days prior to the proposed Closing Date, and, on the Closing Date, the parties shall make the respective deliveries described in Sections 3.1 and 3.2 of this Agreement. RCI shall be entitled to accelerate the Closing Date to any day that is a business day upon written notice to JVII given no less than three business days prior to the proposed Closing Date. For purposes of this paragraph, "business day" means a day that is not a weekend or statutory holiday in Toronto.
Payment of Purchase Price and Closing. The purchase price to be paid by Buyer to Seller for the assets specified in this Agreement, shall be paid as follows:
Payment of Purchase Price and Closing. The closing of any sale and purchase of the Transferor’s Interest in the Company shall be within thirty (30) days from the later of (A) the date of the final Exercise Notice or (B) delivery of the final appraisal performed pursuant to §8.3(i)(1) above. The Optionor shall pay the purchase price (A) at the time and in accordance with the terms and conditions as stated in the Transfer Notice when the purchase price is determined pursuant to §8.3(i)(1) above or (B) at the closing in all other cases, unless the parties agree on different terms. The Transferor shall deliver documents satisfactory to the Optionor conveying his or her Interest free and clear of all liens, claims, and encumbrances, any of which may be paid out of the purchase price, with the remainder, if any, paid to the Transferor. If the purchase price is insufficient to satisfy any such liens, the Transferor shall discharge the balance.
Payment of Purchase Price and Closing. Payment of the purchase price for Interests purchased pursuant to this Agreement shall be made as follows provided that the purchasing party, whether the Class A Limited Partner, the Partnership, or a Buying Partner, may always elect to pay the purchase price in full in cash instead of on the following terms:
Payment of Purchase Price and Closing. Buyer shall pay the Purchase Price to the Sellers at the Closing by wire transfer of immediately available funds pursuant to the Sellers' written instructions, provided that Buyer shall be required to send only one wire to NST and only one wire to the ▇▇▇▇▇▇ Group. Buyer may offset against the Purchase Price due to the Sellers at the Closing by delivery to the Sellers of the Deposit at the Closing pursuant to the Escrow Agreement. The closing of the purchase of the NST Venture Interest and the Shares by Buyer (the "CLOSING") shall take place at the offices of Akin Gump ▇▇▇▇▇▇▇ ▇▇▇▇▇ & ▇▇▇▇, L.L.P., New York, New York (the "CLOSING LOCATION") and shall be held within ten (10) business days after all conditions to the Closing set forth in this Agreement have been satisfied (the "CLOSING DATE"); PROVIDED that, to the extent practicable, it is the parties' intention to close on the last day of a month.
Payment of Purchase Price and Closing. OF THE TRANSFER OF SHARES OF COMMON STOCK.
(a) Payment for the shares of Common Stock Transferred pursuant to this Article 3 shall be made in one of the following ways: (i) subject to clause (iii) below, if the Remaining Shareholder exercises its First Purchase Option, the Remaining Shareholders shall match the same price and payment terms offered by the proposed third-party transferee (PROVIDED, that any non-cash consideration shall be paid in cash at the present cash value determined pursuant to Section 3.04); or (ii) if a third-party transferee (other than another Shareholder) purchases the Remaining Shareholder's shares of Common Stock pursuant to Section 3.06 or 3.07, such transferee shall match the same price (including the form of the consideration) and payment terms offered to the Selling Shareholder; or (iii) if Media General purchases ANI's shares of Common Stock, Media General may deliver shares of the publicly traded common stock of Media General (valued at the average of the publicly traded closing price for the twenty (20) trading days immediately preceding the date of delivery) or by a combination thereof in payment of the Purchase Price (in which case Media General and ANI shall enter into a registration rights agreement reasonably acceptable to each of them providing ANI with registration rights in respect of such shares comparable to the Registration Rights).
(b) The closing of a sale of shares of Common Stock to the Remaining Shareholders pursuant to Section 3.01 shall occur on a date mutually selected by the Selling Shareholder and the Remaining Shareholders which date is not less than ten (10) nor more than one hundred twenty (120) days after the date the Selling Shareholder delivers the First Right of Purchase Notice under Section 3.02 of this Agreement.
Payment of Purchase Price and Closing. The closing of any sale and purchase of the Transferor’s Interest in the Company shall be within 30 days from the later of (A) the date of the final Exercise Notice; or (B) delivery of the final appraisal performed pursuant to Section 9.3(i)(1). The Optionor shall pay the purchase price (A) at the time and in accordance with the terms and conditions as stated in the Transfer Notice when the purchase price is determined pursuant to Section 9.3(i)(1); or
Payment of Purchase Price and Closing. Employee must purchase vested shares in blocks of 100 or more shares. The purchase price for all shares purchased under this option shall be paid in cash, or in collected funds, upon closing The shares purchased shat) be issued by PHOBOS at the time of closing as fully paid and non-assessable shares. The closing shall take place at the principal office of PHOBOS within ten days after the effective date of the notice of exercise of the option.
Payment of Purchase Price and Closing. The Parties agree that Purchaser shall pay to Vendor the Purchase Price: (i) upon delivery by the Vendor of four (4) originally executed copies of this Agreement including the assignment agreements in the form attached as Schedules D and E; and (ii) upon delivery by the Inventor of all Confidential Information referred to in Section 6.3. Such payment by the Purchaser shall constitute closing of the technology purchase transaction contemplated in this Agreement ("Closing").
Payment of Purchase Price and Closing. OF SALE 6.1