Purchase Price and Terms of Payment Sample Clauses
The 'Purchase Price and Terms of Payment' clause defines the total amount to be paid for goods or services and outlines the specific conditions and schedule for making those payments. 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.
POPULAR SAMPLE Copied 9 times
Purchase Price and Terms of Payment. A. The purchase price (“Purchase Price”) for the Property shall be Five Million Two Hundred Fifty Thousand and 00/100 DOLLARS ($5,250,000.00) and shall be paid on the Closing Date by Federal funds wire transfer, in United States dollars. The Deposit (as hereinafter defined) shall be paid by the Escrow Agent to Seller at closing and shall be credited against the Purchase Price.
B. Purchaser shall deposit with the Pittsburgh office of Chicago Title Insurance Company (“Escrow Agent”), within two (2) business days after the Effective Date, the sum of Twenty Five Thousand Dollars, ($25,000.00) (the “Initial Deposit”). Within two (2) business days after the expiration of the Review Period (as defined below), unless this Agreement has been sooner terminated, Purchaser shall deposit with the Escrow Agent, the additional sum of Twenty Five Thousand Dollars ($25,000.00) (the “Second Deposit”). In the event this Agreement is not so terminated and the Second Deposit is not paid to the Escrow Agent within two (2) business days after the expiration of the Review Period, Seller may terminate this Agreement and receive the Initial Deposit and any interest thereon, in which event neither party shall have any further liability or responsibility hereunder other than Purchaser’s liability for the Second Deposit and any liability under Section 3 of this Agreement. As used in this Agreement, “Deposit” shall refer collectively to the Initial Deposit and the Second Deposit, together with all interest earned thereon, if any. If the transaction contemplated by this Agreement closes in accordance with the terms and conditions of this Agreement, at Closing, as defined below, the Deposit shall be delivered by the Escrow Agent to Seller as payment toward the Purchase Price. If the transaction fails to close due to a default on the part of Seller or if a condition set forth in this Agreement for the benefit of Purchaser is not satisfied or removed and this Agreement shall be terminated by Purchaser, the Deposit shall be delivered by the Escrow Agent to Purchaser and Purchaser shall have the applicable remedies set forth in Section 13 of this Agreement. If the transaction fails to close due to a default on the part of Purchaser, Seller shall have the applicable remedies set forth in Section 3 and Section 14 of this Agreement. Notwithstanding any provision of this Agreement to the contrary, Escrow Agent’s duties and responsibilities are set forth in the escrow agreement (the “Escrow Agree...
Purchase Price and Terms of Payment a. Materials shipped against this Agreement shall be invoiced at the price set forth in the Order. Unless otherwise specified on the Order, payment of the purchase price shall be due 60 days after the later of ▇▇▇▇▇’s receipt of Seller’s correct invoice for such shipment or the date on which the Materials are received by Buyer. Seller agrees that it will take no adverse action against Buyer for any invoices not paid resulting from ▇▇▇▇▇▇’s failure to obtain or clearly reference the Order / delivery note numbers on the applicable invoices or accurately invoice Buyer.
b. The purchase price for the Materials shall include all taxes, customs duties, customs fees or other governmental charges due with respect to the Materials. Buyer shall, however, pay for any taxes that it is statutorily required to pay. Seller shall provide Buyer with documentation satisfactory to Buyer that establishes Buyer’s statutory liability to pay such taxes. If Seller fails to provide such documentation, Buyer shall not be obligated to pay any suchtaxes.
c. Seller shall be responsible for all shipping and insurance costs, including without limitation, packing, crating, cartage and freight costs, as per the Order.
d. Buyer may set off any amount owing at any time from Seller to Buyer or any of its affiliates against any amount payable at any time by Buyer.
Purchase Price and Terms of Payment. (a) The purchase price (“Purchase Price”) for the Property shall be THREE HUNDRED EIGHTY-THREE MILLION AND 00/100 DOLLARS ($383,000,000.00) and shall be paid on the Closing Date by Federal funds wire transfer, in United States dollars, subject to adjustment as provided for in Section 7 hereof. The Purchase Price shall be allocated at Closing with $56,000,000 allocated to the Norfolk Property; $44,000,000.00 allocated to the Parkwood Point Property; $2,500,000.00 allocated to the Park Point Land Property; and $280,500,000.00 allocated to all remaining Properties; provided, however, during the Feasibility Period, Seller shall provide Purchaser with an allocation of the Purchase Price for the Properties which are not specifically allocated pursuant to the terms of this Agreement for purposes of transfer taxes to be paid at Closing, which allocation shall be subject to Purchaser’s reasonable approval. The Additional Deposit shall be paid by the Escrow Agent to Seller on the Closing Date and the entire Deposit shall be credited against the Purchase Price.
(b) Subject to Section 6(a) below, on the Closing Date Purchaser shall accept title to the Norfolk Property subject to the lien of that certain Deed of Trust and Security Agreement dated September 26, 2003, which secures that certain promissory note in the original principal amount of Thirty Million Dollars ($30,000,000) (the “Norfolk Existing Loan”), executed by ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇, a Virginia limited liability company (“100 West Main”), as assigned to Plume Street in favor of JPMorgan Chase Bank and assigned to ▇▇▇▇▇ Fargo Bank, N.A., as Trustee for the Registered Holders of ▇.▇. ▇▇▇▇▇▇ Chase Commercial Mortgage Securities Corp., Commercial Mortgage Pass-Through Certificates, Series 2004-C1 (the “Norfolk Existing Lender). Purchaser shall receive a credit against the Purchase Price in an amount equal to the aggregate outstanding principal balance of the Norfolk Existing Loan as of the Closing Date. The Seller shall pay or, at Seller’s option, allow buyer a credit against the Purchase Price in an amount equal to all unpaid interest and other charges on the Norfolk Existing Loan accrued through and including the day immediately preceding the date of Closing.
(c) Subject to Section 6(a) below, on the Closing Date, Purchaser shall accept title to the Parkwood Point Property subject to the lien of that certain Deed to Secure Debt, Assignment of Leases and Rents and Security Agreement dated December 12, 2002 which...
Purchase Price and Terms of Payment. The base purchase price for the Townhome shall be $ (the “Base Purchase Price”). Upon the selection of the Upgrades and approval of the Additional Costs (both as defined in Schedule A), the Base Purchase Price shall be increased by an amount equal to the Additional Costs (collectively, the “Purchase Price”), as more particularly described in Section 3 of Schedule A.
A. The Purchase Price shall be paid in the following manner:
1. A five percent (5.0%) deposit shall be paid to Seller concurrently with the execution of this Agreement by Purchaser, equal to $ (the “Deposit”).
2. An additional ▇▇▇▇▇▇▇ money deposit (“Additional Deposit”) shall be paid at the time the Additional Costs are approved by Purchaser (as described in Schedule A). The Additional Deposit shall be equal to fifty percent (50%) of the Additional Costs.
3. The balance of the Purchase Price shall be paid at Closing as provided in Section 2 of Schedule A.
B. The Deposit together with the Additional Deposit shall be referred to herein as the “▇▇▇▇▇▇▇ Money Deposit”. The ▇▇▇▇▇▇▇ Money Deposit shall be held in escrow by Chicago Title Insurance Company in accordance with the terms of this Agreement and in accordance with all applicable laws, statutes and regulations. EXCEPT AS OTHERWISE PROVIDED HEREIN, THE ▇▇▇▇▇▇▇ MONEY DEPOSIT SHALL BECOME NON-REFUNDABLE TO PURCHASER WHEN PAID.
C. Purchaser will also be required to pay the Association at Closing: (i) a portion of the monthly installment of the assessment for Common Expenses against the Townhome, prorated to the date of settlement, and (ii) an initial working capital contribution in an amount equal to twice the monthly installment of the assessment for Common Expenses against the Townhome. These amounts shall be non-refundable.
Purchase Price and Terms of Payment. The aggregate purchase price for all of the Properties (the “Purchase Price”) shall be $78,998,212, allocated among the Properties as indicated on Exhibit A-4, and shall consist of and be payable as follows:
Purchase Price and Terms of Payment. A. The purchase price (“Purchase Price”) for the Property shall be SIX MILLION SIX HUNDRED THOUSAND and 00/100 DOLLARS ($6,600,000.00) and shall be paid on the Closing Date by Federal funds wire transfer, in United States dollars.
B. Within two (2) business days after the expiration of the Review Period (as defined below), unless this Contract has been sooner terminated, Purchaser shall deposit ONE HUNDRED FIFTY THOUSAND and 00/100 DOLLARS ($150,000.00) (the “Deposit”) with ▇▇▇▇▇▇ ▇. Graybill, Graybill, ▇▇▇▇▇▇▇ and ▇▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇, Columbia, South Carolina 29205, Direct: (▇▇▇) ▇▇▇-▇▇▇▇, Facsimile: (▇▇▇) ▇▇▇-▇▇▇▇, Mobile: (▇▇▇) ▇▇▇-▇▇▇▇, ▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇.▇▇▇ (the “Escrow Agent”). If the transaction contemplated by this Contract closes in accordance with the terms and conditions of this Contract, at Closing, as defined below, the Deposit shall be delivered by the Escrow Agent to Seller as payment toward the Purchase Price. The Deposit shall be promptly deposited by Escrow Agent in a separate, federally insured, interest-bearing account at a commercial bank approved by Seller. The interest accruing thereon shall be deemed to be part of the Deposit. To allow the interest bearing account to be opened, Purchaser and Seller shall separately furnish to Escrow Agent their respective tax identification numbers.
C. The remaining balance of the Purchase Price shall be payable in cash or by wire transfer or other immediately available funds to Seller on the Closing Date.
Purchase Price and Terms of Payment. The purchase price paid for the property shall be $15,000.00 per surveyed acre. Optionor and Optionee agree that upon the exercise of the Option, the parties shall sign an Agreement for Deed, prepared by Optionee’s attorney and approved by Optionor’s attorney, the exercise of the option shall be contingent upon both parties executing an Agreement for Deed which is acceptable to both Optionor and Optionee. The purchase price shall be determined by survey, the total purchase price shall be the number of surveyed acres times the price per acre as hereinabove set forth.
Purchase Price and Terms of Payment. (a) Subject to adjustment as provided below, the aggregate price (“Purchase Price”) of the Property shall be Twenty-Nine Million Four Hundred Sixty Thousand and No/100 Dollars ($29,460,000.00), subject to adjustments and prorations as set forth in this Agreement.
(b) The Purchase Price shall be unconditionally and irrevocably paid by Purchaser (and by no other person or entity except as permitted hereunder) as follows:
Purchase Price and Terms of Payment. The purchase price for the subject-matter of the Contract referred to in Article 3 paragraph 3.1. and 3.2. was determined on the basis of the Tender as a maximum and not-to-exceed price, in the amount of net EUR 51 800,- without VAT (hereinafter referred to as the “purchase price”), plus 21 % VAT, if applicable, in the amount of EUR 10 878,- i.e. a total of EUR 62 678,- incl. VAT. The purchase price includes all costs associated with the performance of the subject-matter of this Contract, including the cost of insurance of the device until its delivery. The purchase price is not affected by price developments and exchange rate changes. The purchase price is the highest permissible price for the subject-matter of performance. The purchase price may be changed only by a written amendment hereto, and solely when: VAT rate changes after the conclusion of the Contract and before the handover and takeover date (only change of VAT is permitted). The Purchaser commits to pay the purchase price to the Seller as follows: 100 % of the purchase price shall be paid based on the invoice issued following handover and takeover of the device, which shall be recorded in a handover protocol drafted by the Parties in accordance herewith. The maturity period of invoices, except for the pro forma invoice, shall always be 30 days from the date of delivery thereof to the Purchaser. The charged amount is deemed paid when the relevant sum is sent to the Seller´s account. Tax documents - invoices issued by the Seller under this Contract shall, in accordance with the relevant legal regulations of the Czech Republic, contain in particular the following data: company/business name and registered office of the Purchaser tax identification number of the Purchaser company/business name and registered office of the Seller tax identification number of the Seller tax document registration number scope and subject-matter of performance, date of issue of tax document, date of taxable supply or date of receipt of payment, whichever is earlier, if these dates do not correspond with the date of issue of tax document
Purchase Price and Terms of Payment. The aggregate purchase price for all of the Properties (the “Purchase Price”) shall be Fifty-One Million Six Hundred Seventy-Four Thousand Seventy-Four Dollars ($51,674,074.00), allocated among the Properties as indicated on Exhibit “A-4”, and shall consist of and be payable as follows: