Consideration for Transfer Sample Clauses
The "Consideration for Transfer" clause defines the payment or value that one party must provide in exchange for the transfer of an asset, right, or interest. Typically, this clause specifies the amount, form (such as cash, shares, or other assets), and timing of the consideration to be paid by the transferee to the transferor. For example, in a business sale, it may outline the purchase price and payment schedule for the transfer of ownership. Its core practical function is to ensure both parties clearly understand the compensation involved in the transfer, thereby reducing the risk of disputes over payment terms.
POPULAR SAMPLE Copied 1 times
Consideration for Transfer. Notwithstanding anything to the contrary herein contained, except as may be required by Section 5 hereof, where a Transfer is made for consideration, in no event shall any such Transfer by Executive of Executive Securities be made under Section 6(c) or offered to be made under Section 6(b) for any consideration other than United States dollars payable in full upon consummation of such Transfer.
Consideration for Transfer. Pursuant to the terms and provisions of this Agreement, in consideration for the transfer of the limited partner units in the Partnership and FFP Properties, the REIT is issuing and delivering to FFPMC certificates evidencing 37,794 common shares of the REIT.
Consideration for Transfer. 5.1 The consideration for the transfer of any part or all of the Equity Interest by the Shareholder(s) to Newegg and/or its designee(s) shall be payment by Newegg to the Shareholder(s) of the value of the portion of the Equity Interest in question, the purchase price of which shall be the minimum consideration permitted by applicable PRC laws and regulations.
5.2 The method of payment shall be determined by consultation among the Parties and in accordance with applicable PRC law. To the extent permitted by PRC law, one such method shall be the cancellation by Newegg of a corresponding portion of the Indebtedness.
5.3 To the extent permitted by applicable PRC law, the Shareholder(s) shall use any and all proceeds obtained in connection with the transfer of any part or all of the Equity Interest by the Shareholder(s) according to Section 5.1 and Section 5.2 above for the repayment of the Indebtedness.
Consideration for Transfer. In consideration for the transfer of the Transfer Assets to Tumwater, ▇▇▇▇▇▇▇▇ agrees to make payment to ▇▇▇▇▇ in the amount of Two million, four hundred thousand, four hundred and sixty-one dollars ($2,400,461.00). Said payment shall be made within 90 days of execution of this Agreement.
Consideration for Transfer. Each of the parties acknowledges and agrees that it has received adequate consideration and fair value for its covenants and obligations hereunder, including for the items sold, transferred, and assigned pursuant to Sections 2.01 and 2.02; provided that the parties agree that the Seller is not receiving any cash consideration hereunder for such items.
Consideration for Transfer. Pursuant to the terms and provisions of this Agreement, in consideration for the transfer of such interest in the Operating Partnership FFP Marketing is issuing and delivering to the Partnership certificates evidencing 3,741,621 shares of stock of the FFP Marketing.
Consideration for Transfer. Pursuant to the terms and provisions of this Agreement, in consideration for the transfer of the one percent (1%) interest in the Operating Partnership, FFP Financial Services, L.P. and FFP Transportation, L.L.C., and the one hundred percent (100%) interest in Direct Fuels Management Company, Inc., FFPLLC is issuing and delivering to FFPMC, certificates evidencing 1,000 shares of stock of FFPLLC.
Consideration for Transfer. 4 2.1 Consideration...........................................................4 2.2
Consideration for Transfer. Pursuant to the terms and provisions of this Agreement, in consideration for the transfer of the limited partner interest in the Partnership, the Partnership is transferring, assigning and conveying to the members of the Harvison Family certificates evidencing 1,469,943 units of limit▇▇ ▇▇▇▇ner interest of FFP Properties in the same proportion as their prior holdings of the limited partner interest in the Partnership.
Consideration for Transfer. Subject to the terms and conditions of this Agreement, as full consideration for (i) the sale, assignment, transfer and delivery of the Assets by Seller to Purchaser and (ii) the license granted by Seller to Purchaser under Section 3.1 and Section 3.4(a), Purchaser shall deliver to Seller the amounts and shares set forth in this Article VI.