ALTERNATIVE FORMS OF PAYMENT OF THE PURCHASE PRICE Sample Clauses

The "Alternative Forms of Payment of the Purchase Price" clause defines the acceptable methods by which the buyer can fulfill their obligation to pay for the goods or services under the contract. This clause may specify options such as cash, certified check, wire transfer, or even non-cash considerations like promissory notes or stock. By outlining these alternatives, the clause provides flexibility for both parties and ensures that there is mutual understanding about what constitutes valid payment, thereby reducing the risk of disputes over payment methods.
ALTERNATIVE FORMS OF PAYMENT OF THE PURCHASE PRICE. In addition to payment of the purchase price of those shares with respect to which the Option is being exercised in cash, as specified in Section 2.2 (d) above, the purchase price of the shares with respect to which the Option is being exercised may be paid (i) by forgiveness of indebtedness owed by the COMPANY to the OPTIONEE; (ii) by delivery to the COMPANY of shares of Common Stock of the COMPANY equal in value, based on the "fair market value" (as hereinafter defined), to the exercise price; (iii) by reducing the number of shares to be delivered to the OPTIONEE upon exercise of the option by such number of shares of Common Stock equal in value, based on the "fair market value" (as hereinafter defined), to the exercise price; or (iv) by the delivery, concurrently with such exercise, of a properly executed exercise notice for the option and irrevocable instructions to a broker promptly to deliver to the COMPANY the purchase price for the shares with respect to which the Option is being exercised or from the proceeds of a loan being secured by the option shares. The term "fair market value" shall mean the average over the previous five trading days of the reported closing sales price on the Nasdaq Small Cap Market, the Nasdaq National Market System, or such other national securities exchange on which the COMPANY's shares may be traded, or if not trading on the Nasdaq Small Cap Market, the Nasdaq National Market System, or a national securities exchange, the average of the closing bid and asked prices in the over-the-counter market as furnished by any New York Stock Exchange member firm selected from time to time by the COMPANY for that purpose.
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ALTERNATIVE FORMS OF PAYMENT OF THE PURCHASE PRICE. In addition to payment of the purchase price of those shares with respect to which the Option is being exercised in cash, as specified in Section 2.2 (d) above, the purchase price of the shares with respect to which the Option is being
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ALTERNATIVE FORMS OF PAYMENT OF THE PURCHASE PRICE. In addition to payment of the purchase price of those shares with respect to which the Option is being exercised in cash, as specified in Section 4.3 (d) above, the purchase price of the shares with respect to which the Option is being exercised may be paid (i) by forgiveness of indebtedness owed by the COMPANY to the OPTIONEE; (ii) by delivery to the COMPANY of shares of Common Stock of the COMPANY equal in value, based on the "fair market value" (as hereinafter defined), to the exercise price; (iii) by reducing the number of shares to be delivered to the OPTIONEE upon exercise of the option by such number of shares of Common Stock equal in value, based on the "fair market value" (as hereinafter defined), to the exercise price; or (iv) by the delivery, concurrently with such exercise, of a properly executed exercise notice for the option and irrevocable instructions to a broker promptly to deliver to the
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Related to ALTERNATIVE FORMS OF PAYMENT OF THE PURCHASE PRICE

  • FORMS OF PAYMENT Landlord agrees to accept the following forms of payment for the Rent: __________________________________________________________________________________ DELIVERABLE: Payment may be sent or delivered to the address noted below or to any person or institution denoted by Landlord, whether by mail, email or any other means. If payment shall be made electronically, the address below shall be utilized as Tenant's contact point for Landlord: ___________ __________________________________________________________________________________ The email address for landlord is as follows: ____________________________________________________

  • Payment of the Purchase Price The Purchase Price shall be paid as follows: (a) A deposit of TWO HUNDRED THOUSAND DOLLARS ($200,000.00) (the “Deposit”) shall be paid by Purchaser to Commonwealth Land Title Insurance Company, ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, Attention: ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇, as escrow agent (the “Escrow Agent”), within five (5) business days after the Effective Date (as defined herein), which at Purchaser’s option may be by certified or bank cashier’s check or by wire transfer. For purposes of this Agreement, “Effective Date” shall mean the date on which Purchaser and all of the Whitehall Sellers and GMH Sellers have executed this Agreement. The Deposit shall remain applicable to the Purchase Price and shall become non-refundable to Purchaser except as may otherwise be provided in accordance with the terms and provisions hereof. The Deposit shall be held in escrow until the Closing (defined below), at which time the Deposit shall be allocated amongst the Whitehall Sellers and GMH Sellers in accordance with their Percentage Interests, as a credit against the Purchase Price, or may be sooner released in accordance with the terms hereof. Escrow Agent shall be authorized, at Purchaser’s option, to invest the Deposit in an interest-bearing account in the name of Escrow Agent in such commercial bank as it deems appropriate. All interest or other earnings on the Deposit shall become a part of the Deposit and be disbursed to the party entitled to the Deposit pursuant to the terms and provisions hereof, and (b) The balance of the Purchase Price shall be paid by Purchaser to the Whitehall Sellers, in cash, and GMH Sellers, in cash and/or operating units, in accordance with their Percentage Interests by wire transfer funds, or issuance of operating units, at Closing, to such account or accounts as directed by the Whitehall Sellers and GMH Sellers, as applicable, in writing.

  • Alternative Forms of Notice Any notice or request required or permitted to be given by a Party to the other Parties and not required by this Agreement to be given in writing may be so given by telephone, facsimile or email to the telephone numbers and email addresses set out in Appendix F hereto.

  • Extension of Payment; Reduction of Principal Interest or Fees; Modification of Terms of Payment Whether or not any Loans are outstanding, extend the Expiration Date or the time for payment of principal or interest of any Loan (excluding the due date of any mandatory prepayment of a Loan), the Commitment Fee or any other fee payable to any Lender, or reduce the principal amount of or the rate of interest borne by any Loan or reduce the Commitment Fee or any other fee payable to any Lender, without the consent of each Lender directly affected thereby;

  • Purchase Price and Terms of Payment The aggregate purchase price for the Property (the “Purchase Price”) shall be Forty-Four Million Five Hundred Fifty-Four Thousand Two Hundred Thirty-Three Dollars ($44,554,233.00), and shall consist of and be payable as follows: