Common use of Receipt of Purchase Price Clause in Contracts

Receipt of Purchase Price. The Exchange Agent shall have received from CSBI funds adequate to pay the aggregate of all amounts required to be paid to holders of Common Stock pursuant to Section 2.3.1, less the amount of the Deposit delivered by the Deposit Escrow Agent and the amount (if any) to be funded by Eldorado pursuant to Section 2.3.3.

Appears in 3 contracts

Sources: Merger Agreement (Commerce Security Bancorp Inc), Merger Agreement (Eldorado Bancorp), Merger Agreement (Commerce Security Bancorp Inc)