Consideration for Assignment Sample Clauses

Consideration for Assignment. In consideration for the rights which Assignee shall receive pursuant to this Assignment: (a) Empyrean Diagnostics, Ltd, shall transfer to Assignor one hundred thousand (100,000) shares of its restricted common stock (the "Stock"); and (b) Assignee shall pay to Assignor five percent (5%) of all net sales of the products in Canada pursuant to the Distribution Agreement. Royalties to be paid quarterly, 30 days after the end of each quarter. "Net sales" shall be defined as the total gross sales of the products to be sold pursuant to the Distribution Agreement at the invoice selling price, net of normal and reasonable cash, trade and quantity discounts and returns for credit, and without deductions for costs incurred in manufacturing, selling, distributing or advertising or for uncollectible accounts.

Consideration for Assignment. Prior to the City's approval of any assignment pursuant to Section 18.03, Developer shall certify to the City that the consideration paid for the transfer of any of Developer's interest in this Agreement or the Property does not exceed an amount representing the actual cost (including carrying charges) incurred by Developer for the purchase of the Property and the construction of any Improvements on the Property (or allocable to the part or interest transferred); it being the intent of this Section to preclude assignment of this Agreement or transfer of the Property for profit prior to the issuance of the Certificate of Completion. In the event Developer transfers any such interest at a profit, said profit shall belong to and forthwith be paid to the City.

Consideration for Assignment. In consideration for the assignment of the rights of Optron, ▇▇▇▇▇▇▇▇ and US Nuclear to ▇▇▇▇▇▇▇▇▇ under the SPA, ▇▇▇▇▇▇▇▇▇ had agreed to perform the respective duties and obligations of Optron, ▇▇▇▇▇▇▇▇ and US Nuclear under the SPA. The Parties acknowledge that the consideration was sufficient and adequate, and performed by the Parties with no qualification or objection.

Consideration for Assignment. This Assignment is made in consideration of Assignee's undertakings in the Restated Agreement. Assignor hereby acknowledges and agrees that Assignee would not have entered into the Restated Agreement without this Assignment.

Consideration for Assignment. The aggregate consideration for the Contributed Assets shall be $1,187,500,000 (the “Purchase Price”). Landlord shall pay the Purchase Price in the following manner (a) Assumption of the Assumed Debt by the Landlord pursuant to the Assumption Agreement, (b) Issuance of $300,000,000 in the aggregate of Units by the OP, which shall be valued at the Reference Price (such Units being issued in connection with the transactions contemplated hereby, the “Issued Units”), and (c) payment of the balance of the Purchase Price in cash.

Consideration for Assignment. In consideration for Leslie's assignment of all of his right, title and interest in and to the Patent, the sufficiency of which consideration ▇▇▇▇▇▇ hereby acknowledges, the Company hereby agrees (i) to enter into that certain Employment Agreement with ▇▇▇▇▇▇, dated the date hereof, and (ii) to ▇▇▇▇▇ ▇▇▇▇▇▇ the license to the Patent set forth in Section 4 below.

Consideration for Assignment. 5.1 In consideration of the assignment and transfer of the Licensed Technology, Forbes shall deliver to UBC the sum of U.S. $83,000, payable in two tranches as follows: (a) within 5 business days of the date on which the refundable up-front payment made by ****** to Forbes pursuant to section 4.1.1 of the ****** ****** becomes non-refundable pursuant to that section, the sum of U.S. $8,700, calculated as a combination of: (i) 2,650 common voting shares of Forbes, and (ii) the balance to be payable to UBC in cash; (b) on the Closing Date, the sum of U.S. $74,300, also calculated as a combination of: (i) 22,350 common voting shares of Forbes, and (ii) the balance of to be payable to UBC in cash. For the purpose of determining the amount of the cash payment due to UBC under Article and above, the common voting shares of Forbes to be issued to UBC shall be valued at a price per share equal to the average daily closing price of Forbes’ common voting shares on the Toronto Stock Exchange ("TSX") for the 20 consecutive trading days prior to the date of the applicable payment, or if not so listed on the TSX, then the fair market price of the common voting shares as valued in the most recent arms-length equity sale by Forbes of 10,000 or more shares of its common voting stock. For greater clarity it is confirmed that, notwithstanding the forgoing valuation method, the value of the 2,650 common trading shares issued to UBC under Article shall not under any circumstances be deemed to exceed the sum of US $4,350; and the value of the 22,350 common trading shares issued to UBC under Article shall not under any circumstances be deemed to exceed the sum of US $37,150. 5.2 Neither all, nor any portion, of the shares issued to UBC or cash paid to UBC under Article 4.2(a) or 4.2(b) above shall be refundable or returned to Forbes under any circumstances; provided, however, that in the event that the AD/ADD Agreement is not terminated by reason that ****** fails to exercise its right to obtain a transfer of the Technology, then if the 2,650 common voting shares of Forbes shall have then been issued to UBC pursuant to Article hereof, such shares shall be deemed to have been issued to UBC pursuant to the terms of the AD/ADD License Agreement with the result that Forbes’ obligation to issue 25,000 common shares to UBC under section 3.5 of the AD/ADD License Agreement shall be reduced to 22,350 common shares. 5.3 The common voting shares to be issued to UBC in accordance with Arti...

Consideration for Assignment. Assignor and Assignee represent and warrant that there are no additional payments of rent or any other consideration of any type which has been paid or is payable by Assignee to Assignor in connection with the Assignment or the Premises, other than as is disclosed in the Assignment.

Consideration for Assignment. In consideration for the assignment of the License Agreement, CEII hereby issues to Assignor 1,000,000 shares of CEII’s common stock, $.001 par value (the “Shares”), and a three-year warrant exercisable for 2,400,000 shares of common stock exercisable at $1.00 per share (the “Warrant”). The form of Warrant is annexed hereto as Exhibit B. The Shares and the Warrant are hereinafter sometimes collectively referred to as the “Securities.” Assignor acknowledges that the Securities are restricted securities, that it is acquiring the Securities for investment purposes and that it has the sophistication and financial resources to assume the risk of an investment in the Securities of CEII. The parties agree that subject to compliance with applicable securities laws, the Assignor may assign all or a portion of the Securities to its shareholders provided, however, no assignment of the Securities may be made unless such shareholders agree to provide CEII with an appropriate investment letter and any other documents that may be required by CEII for purposes of complying with such securities laws.