Common use of The payment Clause in Contracts

The payment. Simultaneously with the execution of this Agreement, Parent shall pay to Target an amount of cash equal to $8 million (the “Payment”) in immediately available funds (pursuant to the written instructions previously provided to Parent by Target).

Appears in 1 contract

Sources: Merger Agreement (Stone Energy Corp)

The payment. Simultaneously with the execution of this Agreement, Parent shall pay to Target an amount of cash equal to $8 8.0 million (the “Payment”) in immediately available funds (pursuant to the written instructions previously provided to Parent by Target).

Appears in 1 contract

Sources: Merger Agreement (Energy Partners LTD)