Closing Amount definition
Examples of Closing Amount in a sentence
Escrow Agent is hereby authorized to make disbursements of the Escrow Deliverables and the Closing Amount, in accordance with the terms of Section 5.
The proceeds of the Equity Financing, if required to be funded in accordance with the terms of the Equity Financing Commitment Letter, will be sufficient to consummate the transactions contemplated hereby and by the Transaction Agreements, including the payment of the Estimated Closing Amount and the making of all other payments on the Closing Date and any adjustment to the purchase price pursuant to Section 1.11.
Buyer has sufficient cash on hand or other sources of immediately available funds to enable it to make payment of the Closing Amount and consummate the transactions contemplated by this Agreement.
The Buyers have engaged the Disbursing Agent to distribute the Closing Amount payable to the Sellers hereunder in accordance with the Allocation Schedule and the Disbursing Agent Agreement.
Each Seller acknowledges and agrees that payment of such ▇▇▇▇▇▇’s portion of the Closing Amount hereunder will not be rendered to such Seller until such Seller provides the documentation and other information required by the Disbursing Agent.