Common use of Signing Payment Clause in Contracts

Signing Payment. Within ten (10) Business Days after the Agreement Date: (a) CMED Sub shall pay to the Seller US$47,000,000 (the “Net Signing Cash”), being US$69,000,000 less the deposit, subject to withholding for Taxes (as defined below) pursuant to Section 2.3 below.

Appears in 2 contracts

Sources: Asset Acquisition Agreement, Asset Acquisition Agreement (China Medical Technologies, Inc.)