PAYMENT UPON CLOSING Clause Samples

PAYMENT UPON CLOSING. At the option of HNEF, all of the purchase price or an amount equal to the greater of a) twenty percent (20%) of the purchase price; b) Fifty Thousand Dollars (U.S. $50,000); or c) one hundred percent (100%) (but not to exceed the entire purchase price) of all proceeds from life insurance policies, if any, on the life of Fitch payable to HNEF by reason of the death of Fitch, shall then be paid in cash.

PAYMENT UPON CLOSING. At the option of HNEF, all of the purchase price or an amount equal to the greater of: a) twenty percent (20%) of the purchase price; or b) $50,000, shall then be paid in cash.

PAYMENT UPON CLOSING. Buyer shall make the Closing Payment to Sellers pursuant to Clause 4.1(i);

PAYMENT UPON CLOSING. At the option of HNEF, all of the purchase price or an amount equal to the greater of:

PAYMENT UPON CLOSING. On the Closing Date, Buyer will pay one hundred and twenty-five million reais (R$ 125,000,000), net of the less Redentor’s Estimated Net Indebtedness (“Payment upon Closing”);

PAYMENT UPON CLOSING. At the option of HPI, all of the purchase price or an amount equal to twenty percent (20%) of the purchase price shall then be paid in cash.

PAYMENT UPON CLOSING. At the option of HPI, all of the purchase price or an amount equal to the greater of: .1 twenty percent (20%) of the purchase price; or .2 the amount of the actual federal income tax obligation (i.e. the required IRS cash payment) of TC owing to the Internal Revenue Service as specified on the federal income tax return for the calendar year during which the consummation of the purchase of the Partnership interest of TC occurs, as the direct result of the purchase of the Partnership interest of TC (which federal income tax obligation shall be the minimum possible tax obligation of TC taking into consideration all available elections by TC such as installment sales treatment), shall then be paid in cash. In the event that the amount of the cash payment required at closing under Section 11(d)(ii)(B).2 cannot be determined as of the date of the closing of the sale, HPI shall pay to TC the amount specified in Section 11(d)(ii)(B).1 at the closing and after a determination of the amount set forth in Section 11 (d)(ii)(B).2 has been made by TC and agreed upon by HPI, if the amount set forth in Section 11(d)(ii)(B).2 is greater than the amount paid to TC pursuant to Section 11(d)(ii)(B).1, then HPI shall pay to TC, the difference between the amount paid in cash at closing and the amount determined under Section 11(d)(ii)(B).2.

PAYMENT UPON CLOSING. At the option of HPI, all of the purchase price or an amount equal to the greater of: .1 twenty percent (20%) of the purchase price; .2 Fifty Thousand Dollars (U.S. $50,000), not to exceed the purchase price; or .3 one hundred percent (100%) (but not to exceed the entire purchase price) of all proceeds from life insurance policies, if any, on the life of Toomy payable to the Partnership or any Partner other than TC by reason of the death of Toomy, shall then be paid in cash.

PAYMENT UPON CLOSING. In connection the closing of the transactions contemplated by the Purchase Agreement, Purchaser shall instruct Deposit Escrow Agent in writing (i) to pay the Deposit Escrow Principal to the account designated by Seller pursuant to the Purchase Agreement (which account shall be specified in the instruction from Purchaser to Deposit Escrow Agent) and (ii) to pay the Deposit Escrow Interest to the account of Purchaser (or its designee) specified in the instruction. Such payments shall be made by wire transfers of immediately available funds.