Purchase Price and Method of Payment Clause Samples

Purchase Price and Method of Payment. At closing, Buyer agrees to pay Seller the purchase price of the Property of $ , U.S. Dollars: cash, wire transfer of immediately available funds, or a cashier’s check issued for the closing by a federally insured bank, savings bank, savings and loan association or credit union where the funds are immediately available. The above forms of payment shall be deemed to be the equivalent of Buyer paying all cash at closing which shall be the method of payment.

Purchase Price and Method of Payment. Buyer shall pay and Seller shall accept the purchase price for the Business as follows:

Purchase Price and Method of Payment. The total purchase price to be paid for the property is $ , with a ten percent (10%) down payment, due on the day of auction, in the amount of $ to be paid concurrently to the escrow agent, CLAY COUNTY ABSTRACT AND TITLE, Clay Center, Kansas with the execution of this agreement.

Purchase Price and Method of Payment. Buyer shall pay and Seller shall accept the Purchase Price for the Shares in the manner of payment set forth in Exhibit "A" attached hereto and made a part hereof.

Purchase Price and Method of Payment. 2.01. The purchase price ("Purchase Price") for the Aircraft and Data is Thirteen Million Two Hundred Thousand dollars ($13,200,000). N931MC $13,200,000 2.02. Upon delivery of the Aircraft and Data, Buyer shall pay to Seller the Purchase Price. 2.03. All payments hereunder shall be made by wire transfer of immediately available funds to: Equis Financial Group Fleet Bank, N.A. ▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇ ABA #▇▇▇-▇▇▇-▇▇▇ Account # ▇▇▇▇-▇▇-▇▇▇▇

Purchase Price and Method of Payment. 3.1 The purchase price for the Property shall be R , and which shall be payable in the following manner: 3.1.1 Cash deposit R in terms of Clause 3.2 below 3.1.2 Loan R in terms of Clause 3.3 below 3.1.3 Cash balance R in terms of Clause 3.4 below 3.2 The deposit referred to in Clause 3.1.1 is to be paid to the Conveyancers within 7 (Seven) days of acceptance of this agreement by the seller, into the following trust account: Berrange Incorporated Trust Account Bank: Nedbank Limited Branch code: 134 025 Account number: 134 036 9362 Reference : Erf (Erf number) Howick/ (Surname) Should same not be paid, in full, within the said 7 (Seven) day period, this agreement shall lapse, without further notice, with immediate effect. In this event, any part payment made towards the deposit shall be forfeited to the seller as envisaged in clause 9.1.2 below. 3.3 The amount referred to in Clause 3.1.2 shall be paid to the Seller upon registration of transfer and shall be provided by the raising of a bank loan on the security of the property hereby sold. This entire agreement is subject to the condition that the Purchaser is able to arrange a loan in the amount referred to in clause 3.1.2, in principle, on usual bank terms and conditions, within 30 (Thirty) days of signature hereof by the Seller. The Purchaser agrees and undertakes to take all steps and sign all documents reasonably necessary to give effect to this clause. 3.3.1 Should such loan not be granted in principle by due date, this agreement shall automatically fail and be of no further force or effect whatsoever. 3.3.2 The condition contained in Clause 3.3 has been inserted for the benefit of the Purchaser, and can be waived by him provided that such waiver is contained in writing and lodged with the Agents before the date referred to above. 3.3.3 The Purchaser undertakes to lodge with the Conveyancers, bank guarantees for payment of the sum referred to in Clause 3.1.2 within 14 (Fourteen) days of written request therefore by the Conveyancers and, within a further 7 (Seven) days, to take all such steps as may be necessary to enable the attorneys attending to the registration of the bond, to lodge their documents in the Pietermaritzburg Deeds Registry. 3.3.4 The Purchaser warrants that he is aware of the financial requirements of the bank relating to the mortgage bond that is to be applied for, and undertakes, to the best of his ability, to immediately provide, upon request by the relevant bank concerned, all info...

Purchase Price and Method of Payment. The Purchase Price shall be paid in U.S. Dollars at Closing in cash or its equivalent which shall only include the wire transfer of immediately available funds, or a cashier’s check issued for the closing by a federally insured bank, savings bank, savings and loan association or credit union where the funds are immediately available.

Purchase Price and Method of Payment. 4.1 The Purchase Price of the Property shall be the amount stated in paragraph 4.2 The Purchaser shall pay the Attorneys the Reservation Deposit as stated in paragraph D2 of the Information Schedule on signature of this Agreement, which deposit shall be held in trust by the Attorneys and invested in an interest bearing account in accordance with the provisions of section 26 of the Alienation of Land Act No 68 of 1981 (as amended) with interest to accrue to the Purchaser. The provisions of this clause 4.2 shall constitute authority to the Conveyancers, in terms of Section 86(4) of the Legal Practice Act, 2014(Act No. 28 of 2014), to invest the deposit. The Reservation Deposit will be used by the Purchaser towards the payment of Transfer and or Bond costs payable by the Purchaser as per clause 6.2 of this Agreement. 4.3 The Purchaser shall pay the Attorneys the Deposit as stated in paragraph D3 of the Information Schedule within 30 (Thirty) days of Signature Date, which deposit shall be held in trust by the Attorneys and invested in an interest bearing account in accordance with the provisions of section 26 of the Alienation of Land Act No 68 of 1981 (as amended) with interest to accrue to the Purchaser. The provisions of this clause 4.3 shall constitute authority to the Attorneys, in terms of Section 86(4) of the Legal Practice Act, 2014(Act No. 28 of 2014), to invest the deposit. 4.4 The Balance of the Purchase Price of the Property, as stated in paragraph D5 of the Information Schedule, shall be paid to the Seller on the Transfer Date. 4.5 Within 30 days after Signature Date, the Purchaser shall furnish the Seller with an irrevocable guarantee issued by a registered commercial bank for the due payment of the Balance of the Purchase Price of the Property. 4.6 Alternatively to 4.5 above, the Purchaser shall be entitled to pay into the trust account of the Attorneys the Balance of the Purchase Price of the Property, to be held by such Attorneys in an interest bearing trust account, interest to accrue for the benefit of the Purchaser until the date upon which payment of the relevant amount falls due. 4.7 The Purchaser hereby undertakes to provide the Attorneys with all such information and/or documentation required in order to comply with the Financial Intelligence Centres Act No. 38 of 2001 requirements, which information shall include, but not be limited to, proof of the Purchaser's Income Tax Registration Number, residential address and certified copies of...

Purchase Price and Method of Payment. The Purchase Price for the above purchase shall be $450,000 USD to be paid in shares of restricted stock of GFY (which may be traded in accordance with SEC Rule 144). Payment of said Purchase Price shall be by the delivery by Buyer, within 14 business days of the date hereof, into escrow. The method of distribution of the shares, liquidations of same and application of proceeds shall be by separate agreement of the Shareholders and shall have no legal impact this Agreement once the Shares are deposited into escrow. If liquidation of the shares representing the purchase price shall take no more than one (1) year. If liquidation cannot be accomplished in that time, this contract is null and void and the business shall revert back to the Seller. Seller agrees to use his best efforts to liquidate the shares at prevailing market price. In the event that Seller cannot liquidate his shares within nine (9) months of the execution of this contract, Seller must notify Buyer of this fact, in writing, via certified mail or personal delivery. Upon receiving such notification, Buyer may locate a buyer for the shares, at the prevailing market price. Seller shall not unreasonably refuse to sell to the proposed buyer. Seller agrees not to release his shares to any buyers until payment has been received or otherwise guaranteed. It is understood that Seller shall not be obligated to transfer title to the Business until after the full Purchase Price has been received. It is further understood that the Buyer shall enjoy all the benefits of ownership, including, but not limited to, income or loss from the operation of the Business and the right to operate the Business, from the Closing Date until title has passed. Buyer shall only be responsible for the liabilities, costs and operating expenses of the Business after the Closing Date. Seller hereby expressly agrees that upon receipt of the full Purchase Price contemplated by this Agreement, Seller shall immediately return to the Buyer any shares remaining in Seller's possession. Seller shall not knowingly sell Shares in excess of the number needed to allow the Seller gross recovery of monies from the sale of Shares to exceed the Purchase Price.