Common use of Payment of Purchase Price and Closing Clause in Contracts

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. The closing of any sale and purchase of the Transferor’s 's Member ship Interest in the Company shall be within thirty (30) days from the later of (A1) the date of the final Exercise Notice Notice; or (B2) delivery of the final appraisal performed pursuant to §8.3(i)(1) aboveParagraph 5.03(j)(i). The Optionor Optionors shall pay the purchase price price: (A1) at the time and in accordance with the terms and conditions as stated in the Transfer Notice when Notice, where the purchase price is determined pursuant to §8.3(i)(1) above Paragraph 5.03(j)(i)(1); or (B2) at the closing in all other cases, unless the parties agree on different terms. The Transferor shall deliver documents satisfactory to the Optionor Optionors conveying his or her Membership Interest free and clear of all liens, claims, 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. The closing of any sale and purchase of the Transferor’s 's Member ship Interest in the Company shall be within thirty (30) days from the later of (A1) the date of the final Exercise Notice Notice; or (B2) delivery of the final appraisal performed pursuant to §8.3(i)(1) aboveParagraph 5.03(j)(i). The Optionor Optionors shall pay the purchase price price: (A1) at the time and in accordance with the terms and conditions as stated in the Transfer Notice when Notice, where the purchase price is determined pursuant to §8.3(i)(1) above Paragraph 5.03(j)(i)(1); or (B2) at the closing in all other cases, unless the parties agree on different terms. The Transferor shall deliver documents satisfactory to the Optionor Optionors conveying his or her h-- Membership Interest free and clear of all liens, claims, 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.