First Instalment of the Premium Clause Samples

First Instalment of the Premium. The Insurer, upon the issue of the Policy, shall raise separate invoices for each Beneficiary Category for the first instalment of the Premium as per Clause 12.1.2 and Clause 12.1.3, subject to the provisions of Clause 13.1.7.

Related to First Instalment of the Premium

  • Payment of the Purchase Price The purchase price for the Shares 1 amounts to euro (EUR ) (hereinafter referred to as: the “Initial Purchase Price 1”). - The purchase price for the Shares 2 amounts to euro (EUR ) (hereinafter referred to as: the “Initial Purchase Price 2”). - The purchase price for the Shares 3 amounts to euro (EUR ) (hereinafter referred to as: the “Initial Purchase Price 3”). - The purchase price for the Shares 4 amounts to euro (EUR ) (hereinafter referred to as: the “Initial Purchase Price 4”). The Initial Purchase Price 1, the Initial Purchase Price 2, the Initial Purchase Price 3 and the Initial Purchase Price 4 hereinafter also collectively referred to as: the “Initial Purchase Price”. The Purchaser has paid the Initial Purchase Price (as defined in the Option Purchase Agreement) decreased with (i) the Escrow Amount (as defined in the Option Purchase Agreement), (ii) the Seller Funded Expenses (as defined in the Option Purchase Agreement) and (iii) the Loan Amount (as defined in the Option Purchase Agreement), being in total an amount of United States Dollars (USD ) hereinafter referred to as: the “Upfront Payment”, by payment into the bank account of the civil law notaries of DLA Piper Nederland N.V. with ING Bank, account number 672644428. The undersigned civil law notary is hereby irrevocably instructed to pay a part of the Upfront Payment, being an amount of: - [USD ], upon the execution of this deed into a bank account in the name of the Seller 1 with number . Therefore, the Seller 1. hereby grants a discharge to the Purchaser for this part of the Upfront Payment; - [USD ], upon the execution of this deed into a bank account in the name of the Seller 2 with number . Therefore, the Seller 2 hereby grants a discharge to the Purchaser for this part of the Upfront Payment. - [USD ], upon the execution of this deed into a bank account in the name of the Seller 3 with number . Therefore, the Seller 3 hereby grants a discharge to the Purchaser for this part of the Upfront Payment. - [USD ], upon the execution of this deed into a bank account in the name of the Seller 4 with number . Therefore, the Seller 4 hereby grants a discharge to the Purchaser for this part of the Upfront Payment. [DLA remark: to be completed upon receipt of the Proceeds Allocation, or — in the event- the Revised Proceeds Allocation. In the event of payment of the purchase price in common stock of Purchaser, this payment section of the purchase price will be included accordingly.] Pursuant to the Option Purchase Agreement - the Seller 1 hereby transfers the Shares 1 to the Purchaser, who accepts this transfer; - the Seller 2 hereby transfers the Shares 2 to the Purchaser, who accepts this transfer; - the Seller 3 hereby transfers the Shares 3 to the Purchaser, who accepts this transfer; - the Seller 4 hereby transfers the Shares 4 to the Purchaser, who accepts this transfer. The guarantees and warranties as laid down in the Option Purchase Agreement remain applicable to this transfer.