Purchase Price and Payment Terms Clause Samples
The "Purchase Price and Payment Terms" clause defines the total amount to be paid for goods or services and outlines the specific conditions and schedule for payment. It typically details when payments are due, acceptable payment methods, and any provisions for deposits, installments, or late fees. This clause ensures both parties have a clear understanding of financial obligations, reducing the risk of disputes over payment timing or amounts.
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Purchase Price and Payment Terms. The Purchase Price is the tender price presented by the Seller in its tender for the Below-the-threshold Public Contract. The Buyer is obliged to pay the price specified in Annex 2 (hereinafter the “Tender Price”) to the Seller for proper delivery of Goods specified in Annex 1. The Buyer is thus obliged to pay to the Seller for full delivery of the Goods a total of CZK (TO BE SPECIFIED BY THE TENDERER) (Czech crowns) excl. VAT. VAT at the applicable rate, as well as its invoicing, reporting and payment to the relevant tax administrator shall be governed by the applicable legislation on VAT. The Total Price is the maximum final price that may not be exceeded, with the exception of a change of the statutory VAT rate, and includes all the Seller’s costs related to the performance hereof, including, without limitation, the costs of provision of the Warranty Service (as specified in Article 9 hereof), including the costs of acquisition of spare parts, transport and work relating to the service, as well as the costs of transport and delivery of the Goods to the place of destination or any fees, customs duties and packaging and ancillary costs. The Total Price shall be paid by the Buyer on the basis of a tax receipt duly issued by the Seller and delivered to the Buyer (hereinafter the “Invoice”). The Seller may issue the Invoice after takeover of the Goods by the Buyer based on a takeover record. The Seller shall invoice VAT to the Buyer at the rate applicable on the date of the taxable supply and in accordance with the VAT regulations. The invoicing is conditional upon the existence of a Record on Handover, Installation and Takeover of the Goods (hereinafter the “Handover Record”), executed by both Parties to the Contract. The Buyer shall not provide any advance payments towards the price to the Seller. The invoice must contain a reference to this Contract (the number of this Contract) and also the requisites stipulated by the applicable legal regulations, including, in particular, value added tax. The invoice shall be issued to the Buyer’s address specified in the header hereof. A copy of the Handover Record for the Goods signed by the authorised persons of the Parties shall be attached to the Invoice. The Invoice shall be payable within 30 (thirty) calendar days of the date of its handover to the Buyer. The Buyer has the right to return the Invoice to the Seller before expiry of the maturity period without being considered in delay in its payment (i) if the I...
Purchase Price and Payment Terms. The Customer shall pay to Elevator Contractor for the Work specified in paragraph one of this contract the sum of Thirty-Eight Thousand Three Hundred Dollars ($38,300.00), plus the cost of any Customer Selected Options, the “Purchase Price”, in accordance with the following schedule: • $23,000.00, Plus the cost of any Customer Selected Options, (“First Payment”) shall be due upon contract signing. Except as provided for in 10 of this Contract, the first payment shall be considered a non-refundable deposit which shall become the property of Elevator Contractor should this contract be cancelled by the Customer at any time or should the Customer be in default of this Contract. If the Elevator Contractor’s reasonable and fully documented costs and expenses incurred in connection with this Contract exceed the non-refundable deposit amount, the Customer agrees to reimburse the Elevator Contractor for the excess. • $11,500.00, payment (“Second Payment”) of the Purchase Price shall be due upon delivery of the Work to the Customer’s job location and prior to the commencement of installation. • $3,700.00, payment (“Third Payment”) of the Purchase Price shall be paid to Elevator Contractor when the installations of the Work are substantially complete and prior to turnover to customer. Customer agrees to permit Elevator Contractor to commence installation within one week of Elevator Contractor’s receipt of equipment from the factory. If the installation is delayed, halted or interrupted for any other reason beyond the control of Elevator Contractor, (including but not limited to Customer not having permanent power at the installation site) the balance due, less the sum of one thousand dollars, is to be paid to Elevator Contractor at that time. The balance of one thousand dollars shall be paid by Customer to Elevator Contractor within 10 days of completion of installation. In the event the Customer fails to; (a) submit approved drawings for production of the Equipment (b) permit the Elevator Contractor to commence installation following receipt of equipment, (c) fails to or ensure work by others is completed in a timely manner to enable the Elevator Contractor to complete its work, (d) fails to make any payment when due, the Elevator Contractor shall be permitted to cease work and cancel the contract without further obligation or penalty. 7/19/2023 Page 1 of 6 Elevator Contractor Initial Customer Initial All payments are to be made payable to Florida Lifts LLC and sent...
Purchase Price and Payment Terms. At Closing, and subject to the terms and conditions of this AGREEMENT, Assignor agrees to and shall transfer, convey and assign the undivided interests in the Assets described below to Assignee and Assignee agrees to accept the same. As consideration and payment for the transfer and conveyance of the undivided interests in the Assets described below, WRI agrees to and shall pay to CPR $1,125,000.00 (the “Purchase Price”) for: (i) an undivided 80% of 100% working interest in the True FOA, including all Assets associated therewith and covered thereby, and (ii) an undivided 80% of 100% working interest “before payout” and an undivided 80% of 70% of 100% working interest “after payout” in the Stone FOA, including all Assets associated therewith and covered thereby. The Purchase Price shall be paid at Closing as follows:
A. The Parties specifically acknowledge and agree that a refundable ▇▇▇▇▇▇▇ money deposit in the amount of $62,500.00 was paid by WRI to CPR at the time the Letter of Intent was executed by the Parties; and said sum shall be credited against and reduce the cash portion of the Purchase Price payable at Closing from $625,000.00 down to $562,500.00.
B. $562,500.00 of the Purchase Price will be paid by WRI to CPR at the Closing in immediately verifiable funds, such as a cashier’s check or wire transfer.
C. The remaining $500,000 of the Purchase Price represents Carried Credits that shall be paid by WRI on behalf of CPR to cover CPR’s retained 20% share of the drilling and completion costs through the wellhead on future ▇▇▇▇▇ to be drilled by WRI on the Assets. Such Carried Credits shall not cover or include any portion of CPR’s 20% share of the surface facilities equipment or installation costs beyond the wellhead of any ▇▇▇▇▇ that may be drilled in the future; including, but not limited to: gathering lines, compression, sales meters, sales lines, transportation lines, flow lines to injection ▇▇▇▇▇, buildings, electricity or any other surface infrastructure that must be installed beyond the wellhead in order to make such ▇▇▇▇▇ productive. At such time as WRI has paid a total of $500,000.00 of Carried Credits on behalf of CPR, then WRI’s monetary obligations shall cease. Of the $625,000.00 cash portion of the Purchase Price paid pursuant to Paragraphs A and B above, $25,000.00 will be allocated to land costs and $600,000.00 will be allocated to an undivided 80% of 100% working interest in the two existing ▇▇▇▇▇.
Purchase Price and Payment Terms. The Customer shall pay to Elevator Contractor for the Work specified in paragraph one of this contract the sum of Twenty-Seven Thousand Dollars ($27,000 ), plus the cost of any Customer Selected Options, the “Purchase Price”, in accordance with the following schedule: a. $17,000.00, Plus the cost of any Customer Selected Options, (“First Payment”) shall be due upon contract signing. Except as provided for in 10 of this Contract, the first payment shall be considered a non-refundable deposit which shall become the property of Elevator Contractor should this contract be cancelled by the Customer at any time or should the Customer be in default of this Contract, and, if the Elevator Contractor’s reasonable and fully documented costs and expenses incurred in connection with this Contract exceed the non-refundable deposit amount, the Customer agrees to reimburse the Elevator Contractor for the excess.
Purchase Price and Payment Terms. The Customer shall pay to Elevator Contractor for the Work specified in paragraph one of this contract the sum of Thirty Five Thousand Five Hundred Dollars ($35,500.00 ), plus the cost of any Customer Selected Options, the “Purchase Price”, in accordance with the following schedule: ∙ $21,300.00, Plus the cost of any Customer Selected Options, (“First Payment”) shall be due upon contract signing. The first payment shall be considered a non-refundable deposit which shall become the property of Elevator Contractor should this contract be canceled by the Customer at any time or should the Customer be in default of this Contract, and, if the Elevator Contractor’s reasonable and fully documented costs and expenses incurred in connection with this Contract exceed the non-refundable deposit amount, the Customer agrees to reimburse the Elevator Contractor for the excess. ∙ $10,450.00, payment (“Second Payment”) of the Purchase Price shall be due upon delivery of the Goods to the Customer’s job location and prior to the commencement of installation. ∙ $3,750.00, payment (“Third Payment”) of the Purchase Price shall be paid to Elevator Contractor when the installations of the Goods are substantially complete and prior to turnover to customer. Customer agrees to permit Elevator Contractor to commence installation within one week of Elevator Contractor’s receipt of equipment from the factory. If the installation is delayed, halted or interrupted for any other reason beyond the control of Elevator Contractor, (including but not limited to Customer not having permanent power at the installation site) the balance due, less the sum of one thousand dollars, is to be paid to Elevator Contractor at that time. The balance of one thousand dollars shall be paid by Customer to Elevator Contractor within 10 days of completion of installation. 8/5/2022 Page 1 of 6 Elevator Contractor Initial Customer Initial All payments are to be made payable to Florida Lifts LLC and sent to: Florida Lifts LLC P.O. Box 740708 Boynton Beach, FL. 33704-0708 Customer agrees to pay late fees at a rate of 1% per month on all amounts past due.
Purchase Price and Payment Terms. 1. The Purchase Price for the Delivery is the maximum price that cannot be exceeded and is stated in Annex no. 3 – Price list without value added tax, (hereinafter the “Purchase Price”).
2. Unless provided otherwise in this Contract, all the prices in this Contract are exclusive of value added tax, which shall be paid according to the applicable regulations or international agreements.
3. The Purchase Price includes all the costs related with the performance of the Contract, including the cost of transport of the Devices to the place of delivery, the costs of Verification and Training, the costs of insurance including unloading until the Delivery , licenses, taxes and fees, etc. The Purchase Price is fixed and shall not be changed regardless of the changes of prices or changes in the foreign exchange rates.
4. The Purchase Price shall be paid after the signature of the Handover protocol.
5. The Buyer shall pay the Purchase Price on the basis of an invoice issued by the Seller.
6. Invoices shall be payable within thirty (30) days of the date of their delivery to the Buyer. Payment of the invoiced amount means the date of its remitting to the Seller’s account. In conformity with the applicable tax regulations of the Czech Republic, the tax documents – invoices issued by the Seller hereunder shall include the following details: ‐ the business name/designation and registered office of the Buyer ‐ the tax identification number of the Buyer ‐ the business name/designation and registered office of the Seller ‐ the tax identification number of the Seller ‐ the registration number of the tax document ‐ the scope and object of the Delivery or Services ‐ the date of issue of the tax document ‐ the date of the supply or the date of acceptance of the consideration, whichever is earlier, if it differs from the date of issue of the tax document ‐ the price ‐ the registration number of the Contract, which the Buyer shall communicate to the Seller at his request before the invoice is issued ‐ a declaration that the charged price is provided for the purposes of the " Advanced designing of functional materials: From mono – to I –And TRI‐ chromatic excitation with tailored laser pulses”, reg. No. CZ.02.1.01/0.0/0.0/15_003/0000445” ‐ must also comply with any double taxation treaties applicable to the given case.
7. The last invoice in each calendar year must be delivered by the Seller to the Buyer’s no later than by December 15 of the given calendar year. If a tax document – ...
Purchase Price and Payment Terms. The Purchase Price shall be paid at the Close of Escrow as provided in the Recitals. The Purchase Price does not include Buyer’s closing costs, loan fees, escrow fees, title insurance policy fees, or any other costs and expenses not noted in the Recitals. The balance of cash due to Seller upon Close shall be paid by Cashier's Check payable to Escrow Holder or as directed in writing by Escrow Holder. Seller acknowledges receipt from Buyer of the Deposit set forth in the Recitals above made payable to Escrow Holder.
Purchase Price and Payment Terms. (a) In consideration for the sale, assignment, and transfer of the Purchased Assets, and subject to the terms and conditions in this Agreement, Buyer will pay to Seller an amount equal to $80,000,000 in cash (the “Purchase Price”).
(b) The Purchase Price shall be paid as follows:
(i) The Indemnification Holdback Amount shall be retained by ▇▇▇▇▇, to be paid to Seller as set forth in Section 1.3.2(a);
(ii) On the Closing Date, Buyer shall pay to Seller, by wire transfer of immediately available funds, an amount equal to the Purchase Price less the Indemnification Holdback Amount.
(c) Subject to Section 4.7(a), all sums to be paid by ▇▇▇▇▇ to Seller under this Section 1.3.1 shall be inclusive of any Tax, including, where appropriate, value added, business, sales and any other similar Taxes that may be chargeable to the Transactions. To the extent that any value added, business, sales, or any similar Tax is chargeable, Seller shall, upon receipt of a valid invoice, pay such Tax to Buyer, or where appropriate, pay such Tax directly to the relevant Tax Authority as required. For the avoidance of doubt, any such Taxes shall be included in the calculation of Transfer Taxes pursuant to Section 4.7(a).
(d) Buyer shall prepare a proposed allocation of the Purchase Price (together with any other amounts treated as purchase price for U.S. federal (and applicable state and local) income Tax purposes) (the “Tax Purchase Price”) among the Purchased Assets in a manner consistent with Section 1060 of the Code and Treasury Regulations thereunder (and any similar provision of federal, state, provincial, local, or non-U.S. law, as appropriate) (the “Purchase Price Allocation”) and shall deliver to Seller a copy of such Purchase Price Allocation within 90 days following the Closing. Buyer shall consider in good faith all reasonable comments, if any, of Seller provided within 20 days of Seller’s receipt of the Purchase Price Allocation, after which time, the Purchase Price Allocation will be deemed final and binding on Buyer and Seller. Buyer and Seller shall report and file all Tax Returns (including, but not limited to a timely filed Form 8594) consistent with the Purchase Price Allocation except to the extent otherwise required by a final “determination” within the meaning of Section 1313(a)(1) of the Code (and similar provisions of state, local and non-U.S. Law). In addition, Buyer, on the one hand, and Seller, on the other hand, agree to provide each other with their resp...
Purchase Price and Payment Terms. The total purchase price for the Mirror is _______ EUR excl. VAT (hereinafter the “Purchase Price”). All prices stipulated in this Contract are exclusive of VAT payable in the EU that will be paid by the Buyer in the Czech Republic. The Seller, if applicable, is responsible for clearing the Mirror both for export from the country of origin and for import to the EU (export and import customs formalities and financial duties). The Buyer shall provide all needed assistance and carry out activities needed for completion of import procedures. The Buyer shall formally apply that the Mirror is admitted to the EU free of import financial duties (customs) if the law of the European Union provides for such admission. The Purchase Price includes all costs related to the performance of the subject-matter of this Contract of which the Seller knew or should have known including all manufacturing costs, costs of transport, packaging, proper level of insurance and any other direct or indirect costs needed to perform this Contract duly and in time (but excluding VAT payable in the EU). The Purchase Price for the subject of performance set out in Art. V.1. hereof is the maximum permissible price. The Purchase Price is independent of the development of prices and currency exchange rates. The Purchase Price for the Mirror shall be paid based on tax documents – invoices, to the account of the Seller designated in the invoice. The Seller is entitled to invoice the Purchase Price upon acceptance of the Mirror in the Place of Delivery. Invoices shall be payable within thirty (30) days from their delivery to the Buyer (hereinafter the "Maturity Period"). If the Seller indicates any shorter maturity period in an invoice, such other period will be disregarded and the period set out herein applies. Payment of the invoiced amount is considered executed on the date of its remitting to the Seller’s account. In conformity with the applicable tax regulations of the Czech Republic, the tax documents – invoices issued by the Seller hereunder shall include particularly the following details: the business name/designation and registered office of the Buyer the tax identification number of the Buyer the business name/designation and registered office of the Seller the tax identification number of the Seller the registration number of the tax document the scope and object of the taxable supply the date of issue of the tax document the date of the supply or the date of acceptance of the consider...
Purchase Price and Payment Terms. 12.1. Ascendis will pay to Bachem the Purchase Price for Product. [***].
12.2. Pricing is based on [***]. Estimate prices shall be provided to Ascendis by Bachem after [***]. Separate pricing shall be agreed for the following: • [***] • [***]
12.3. Prices shall be based on the following assumptions: • [***].
12.4. Each [***], Bachem may invoice Ascendis a fee of [***] if no Purchase Orders have been issued for delivery of at least [***] within that [***].
12.5. Prices may be adjusted if [***].
12.6. Prices may be adjusted [***] in accordance with [***].
12.7. Price changes due to [***] will mainly benefit [***]. Cost reductions from [***] will benefit [***]. Cost reductions which are due to [***] will benefit [***]. Other cost reductions from [***] will [***].
12.8. Except for [***], Bachem’s price for the Services [***]. If Bachem is obligated by law to charge any value added and/or similar tax to Ascendis, Bachem shall ensure that if such value-added and/or similar tax is applicable, that it is invoiced to Ascendis in accordance with the laws applicable at its domicile so as to allow Ascendis to reclaim such value-added and/or similar tax from the appropriate government authority. Neither Party is responsible for taxes on the other Party’s income or the income of the other Party’s personnel or subcontractors. If Ascendis is required by government regulation to withhold taxes for which Supplier is responsible, Ascendis will deduct such withholding tax from payment to Supplier and provide to Supplier a valid tax receipt in Bachem’s name. If Bachem is exempt from such withholding taxes as a result of a tax treaty or other regime, Bachem shall provide to Ascendis a valid tax treaty residency certificate or other tax exemption certificate at a minimum of [***] prior to payment being due.
12.9. Payments by Ascendis will be made in [***] net [***] after receipt of invoice by Ascendis.