Common use of Payment on the Closing Date Clause in Contracts

Payment on the Closing Date. Subject to fulfillment or waiver of the conditions set forth in Article 7, at the Closing, Buyer shall, in full satisfaction of payment of the Purchase Price (subject to subsequent final adjustment pursuant to Section 2.5), pay (a) to ROC an amount equal to the Closing Payment by wire transfer of immediately available funds to such bank account as ROC shall specify by written notice to Buyer delivered three (3) days before the Closing Date, and (b) to the Escrow Agent an amount equal to the Indemnity Escrow Amount, by wire transfer of immediately available funds to an account specified in writing by the Escrow Agent not later than three (3) Business Days prior to the Closing Date.

Payment on the Closing Date. Subject to fulfillment or waiver of the conditions set forth in Article 7, at the Closing, Buyer shall, in full satisfaction of payment of the Purchase Price (subject to subsequent final adjustment pursuant to Section 2.5), pay (a) to ROC Seller an amount equal to the Closing Payment by wire transfer of immediately available funds to such bank account as ROC Seller shall specify by written notice to Buyer delivered three (3) days before the Closing Date, and (b) to the Escrow Agent an amount equal to the Indemnity Escrow Amount, by wire transfer of immediately available funds to an account specified in writing by the Escrow Agent not later than three (3) Business Days prior to the Closing Date.