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

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.

Appears in 1 contract

Sources: Agreement to Purchase NST Venture Interest and Capital Stock (Telemundo Group Inc)

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 "CLOSINGClosing") shall take place at the offices of Akin Gump ▇▇▇▇▇▇▇ ▇▇▇▇▇ & and ▇▇▇▇, L.L.P., New York, New York (the "CLOSING LOCATIONClosing 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 DATEClosing Date"); PROVIDED provided that, to the extent practicable, it is the parties' intention to close on the last day of a month.. In addition to the Purchase Price and in further consideration of the purchases and sales hereunder, the following payments or adjustments shall be made:

Appears in 1 contract

Sources: Agreement to Purchase NST Venture Interest and Capital Stock (Oak Industries Inc)