Purchase Price and Payment of Purchase Price Sample Clauses

POPULAR SAMPLE Copied 1 times
Purchase Price and Payment of Purchase Price. 2.2.1 The consideration for the Equity Transfer shall be in based upon the appraisal on the value of the Equity issued by a asset appraisal firm, and shall be RMB 160 million in cash or the equivalent USD in cash ("Purchase Price"). The exchange rate between USD and RMB shall be the middle rate issued by the People's Bank of China on the date of Aug 11, 2008. 2.2.2 The value of the Assets up to the Closing Date shall be affirmed based upon the mid term financial statement issued by accounting firm. Such value shall the basic value for the closing. 2.2.3 The Purchaser shall pay to the Sellers as set forth in 2.2.5 the first instalment of the Purchase Price (“ First Instalment”) in the amount of RMB 90.8 million in cash or the equivalent USD in cash within 20 working days after the conditions precedent provided in Clause 3.2 of this Agreement are fully satisfied. The exchange rate between USD and RMB shall be the middle rate issued by the People's Bank of China on the date of Aug 11, 2008. 2.2.4 The Purchaser shall pay to the sellers as set forth in 2.2.5 the second instalment of the Purchase Price (“Second Instalment”) in the amount of RMB 69.2 million in cash or the equivalent USD in cash 15 days before the closing date. The exchange rate between USD and RMB shall be the middle rate issued by the People's Bank of China on the date of Aug 11, 2008. The Sellers shall, before Dec 5th, 2008, inform the Purchaser in good faith the estimated closing date and provide evidence to prove that the closing can take place on that date. 2.2.5 The above payment shall be remitted by telegraphic transfer into the bank account ("Escrow Account") inside the PRC designated by Escrow Agent ("Escrow Agent"), who is both approved by the Purchaser and the Sellers.
Purchase Price and Payment of Purchase Price. The Purchase Price for any Mortgage Loan purchased by CHL hereunder is set forth on the applicable Purchase Advice and is remitted to Correspondent less interest due CHL and any fees and expenses due CHL as of the scheduled Purchase Date, unless the Parties agree to a different Purchase Date.
Purchase Price and Payment of Purchase Price. Subject to adjustment as provided below, Seller, the Stockholders and Purchaser hereby agree that the Purchase Price ("Purchase Price") for the Purchased Property, all upon the terms and subject to the conditions set forth in this Agreement, shall be the amounts deliverable by Purchaser pursuant to Paragraphs 3(A), (B) and (C), as follows:
Purchase Price and Payment of Purchase Price. 6.1 Save as otherwise agreed in writing by Victrex, the prices of the Products: (a) will be those prevailing at the time an order is placed pursuant to Article 2.1 above; (b) shall exclude all costs associated with delivery, including, but not limited to, costs relating to freight, transportation, insurance, loading and unloading; and (c) are exclusive of any applicable tax.
Purchase Price and Payment of Purchase Price. (a) The aggregate consideration (the “Purchase Price”) to be paid or issued by Buyer to or for the benefit of the Equity Holder for the Equity Interests is: (i) Two Million Nine Hundred Fifty Thousand Dollars ($2,950,000) (the “Cash Purchase Price”), subject to the Working Capital Adjustment, payable as follows: (A) Four Hundred Fifty Thousand Dollars ($450,000) to be paid within Ten (10) Business Days following such time as the Buyer raises Forty Million Dollars ($40,000,000) in a public debt or equity securities offering (the “Public Offering” as further defined in Exhibit A), Forty Million Dollars ($40,000,000) in a private debt or equity securities offering or a series of private debt or equity securities offerings (the “Private Offerings” as further defined in Exhibit A) or Forty Million Dollars ($40,000,000) total in some combination of a Public Offering and Private Offerings on behalf of the Company and at the direction of the Equity Holder to the appropriate Person in respect of the Line of Credit to Bank of Missouri, pursuant to a payoff letter delivered by such Person to Buyer and the Company in form and substance reasonably satisfactory to Buyer. However, if Buyer fails to make the Four Hundred Fifty Thousand Dollar ($450,000) payment, as set forth above, on or before December 31, 2018, then at the option of Equity Holder by written notice to Buyer, Buyer shall immediately surrender all right, title and interest in all of the outstanding shares of stock in the Company to Equity Holder and all shares shall be re-issued to Equity Holder. (B) The remaining Two Million Five Hundred Thousand Dollars ($2,500,000) payable in equal monthly installments of Fourteen Thousand Dollars ($14,000) each commencing on the Closing Date, provided that the remaining balance of the Cash Purchase Price will be paid, the earlier of, within Ten (10) Business Days following completion of the Public Offering or Private Offerings, or December 31, 2018. The above agreement to be evidenced by a promissory note in the form of Exhibit B attached hereto and incorporated herein by reference (the “Seller Note”). If Buyer fails to pay balance of the Cash Purchase Price, a set forth above, on or before December 31, 2018, then at the option of Equity Holder by written notice to Buyer, Buyer shall immediately surrender all right, title and interest in all of the outstanding shares of stock in the Company to Equity Holder and all shares shall be re-issued to Equity Holder. Seller Not...
Purchase Price and Payment of Purchase Price. ▇▇▇▇▇ agrees to pay the Purchase Price to Seller in cash or other readily available funds as set forth in Sections 2, 3 and 4 of the Agreement. ▇▇▇▇▇▇ agrees that title to the Acquired Assets will pass to Buyer on the Closing Date despite the fact that not all of the Purchase Price will be fully paid at Closing.
Purchase Price and Payment of Purchase Price. 6.1 Save as otherwise agreed in writing by Victrex, or as indicated in the Sales Order Acknowledgement or any Special Conditions, the prices of the Products: (a) will be those prevailing at the time of delivery; (b) are stated as a price per tonne, gallon, litre, yard, meter, squared yard, square meter or kilogram (as appropriate); (c) shall exclude all costs associated with expedited delivery, including, but not limited to, costs relating to freight, transportation, insurance, delivery and unloading; and (d) are exclusive of any tax, which Victrex shall add at the appropriate prevailing rate.
Purchase Price and Payment of Purchase Price. As full payment and consideration for the purchase of the Asset, Buyer agrees to pay Seller $800,000 (referred to herein as the "Purchase Price") as consideration as described hereinafter. a. The Buyer shall issue a promissory note for $800,000 in the form attached hereto as Exhibit A. The principal of the note shall be due and payable in cash, in equal annual installments of $200,000 on January 2, 2007, 2008, 2009 and 2010. b. Payment of the note is secured by the Customer List and the license of the URL granted in Section 5 hereof. In the event of default by Buyer, Seller shall retain any payments made as liquidated damages, and the Customer List shall revert back to the Seller and the Non-compete and nonsolicitation provisions this Agreement and the ▇▇▇▇▇▇ ▇▇▇▇▇ Independent Sales Partner Agreement shall be null and void. The above security shall be evidenced by a security agreement and UCC1 filing.
Purchase Price and Payment of Purchase Price. On the terms and subject to the conditions set forth in this Agreement, Purchaser hereby agrees to pay the Purchase Price to Seller in lawful money of the United States on the Closing Date by federal wire transfer of immediately available funds into a designated account of Escrow Agent.
Purchase Price and Payment of Purchase Price. The purchase price for the Membership Interests is One Hundred Nine Thousand Two Hundred Seventeen and 00/100 Dollars ($109,217.00) (the “Purchase Price”). Upon execution of this purchase agreement, Buyer shall pay Twenty Five Thousand and 00/100 ($25,000) cash, by certified check, cashier’s check or wire transfer. The remaining Eighty Four Thousand Two Hundred Seventeen and 00/100 Dollars ($84,217.00) will be seller-carried, and is to be paid within 60 months or when the property is sold/refinanced. The loan is to be interest free, with no monthly payments, except for the balloon due upon the end of the loan term.