Acquisition and Payment for Inventory Sample Clauses
The "Acquisition and Payment for Inventory" clause defines the terms under which one party purchases inventory from another and outlines the procedures for payment. Typically, this clause specifies the timing and method of inventory delivery, the process for invoicing, and the deadlines for payment, such as payment within 30 days of receipt. It may also address issues like inspection rights or remedies for defective goods. The core function of this clause is to ensure both parties have a clear understanding of their obligations regarding the transfer of inventory and the associated financial transactions, thereby reducing the risk of disputes over payment or delivery.
Acquisition and Payment for Inventory. Seller agrees to sell to Purchaser and ▇▇▇▇▇▇▇▇▇ agrees to purchase from Seller the Inventory as part of the Property with no adjustment to the Purchase Price.
Acquisition and Payment for Inventory. Seller agrees to sell to Purchaser and Purchaser agrees to purchase from Seller on the Closing Date (which purchase amount shall be paid by Purchaser in addition to the Purchase Price) all of Seller’s inventories of unopened cases of food and beverage in an amount equal to the cost that Seller paid therefor. Seller agrees to sell to Purchaser and Purchaser agrees to Purchase from Seller, cleaning supplies to include detergents, soaps etc., all other items of Inventory at no additional cost to Purchaser.
Acquisition and Payment for Inventory. S▇▇▇▇▇ agrees to sell to Purchaser and P▇▇▇▇▇▇▇▇ agrees to purchase from Seller the Inventory. Purchaser shall pay for same at cost on the Closing Date. The parties hereto shall jointly take inventories of all Inventory as near as practical to the Closing Date, and all adjustments and payments due thereon shall be made at Closing.
Acquisition and Payment for Inventory. Owner agrees to sell to Transferee and Purchaser agrees to cause Transferee to purchase from Owner the Inventory as part of the Purchase Price. The parties hereto shall jointly take inventories of all Inventory as near as practical to the Closing Date.
Acquisition and Payment for Inventory. Sellers agree to sell to Purchaser and Purchaser agrees to purchase from Sellers, at cost, all unopened food and beverage and all retail merchandise held for sale on the Hotel and the Golf Course, for a price equal to the cost of such Inventory. The cost of such Inventory is not included in the Purchase Price. In connection with Closing, Purchaser and Sellers shall conduct an inspection of such Inventory to verify the amount of such Inventory. Notwithstanding the foregoing, Manager shall have the right pursuant to the Management Agreement to acquire from Sellers all Inventory bearing the identification of Westin. In no event shall Purchaser be required to purchase Inventory bearing the identification of Westin and/or Inventory not being conveyed to Purchaser pursuant to the express terms of this Agreement.
Acquisition and Payment for Inventory. Seller acknowledges and agrees that the Purchase Price shall include all the Inventory at the Property.
Acquisition and Payment for Inventory. Seller agrees to sell to Purchaser and Purchaser agrees to purchase from Seller at Seller’s cost on the Closing Date (which purchase amount shall be in addition to the Purchase Price) all of Seller’s inventories of food and beverages in unopened units (which units shall refer to the individual containers, not shipping containers), cleaning supplies to include detergents, soaps etc. at Seller’s cost provided the same were purchased on an arm’s-length basis.
Acquisition and Payment for Inventory. ▇▇▇▇▇▇ agrees to assign to Purchaser and ▇▇▇▇▇▇▇▇▇ agrees to assume from Seller the Inventory as part of the Purchase Price; provided, however, Seller shall receive a credit to the Purchase Price for any unopened and unexpired cases of Consumables at Seller’s actual cost for such items. The parties hereto shall jointly take inventories of all Consumables as near as practical to the Closing Date, and all adjustments and payments due thereon shall be made at Closing.