Purchase Price Conditions of Payment Sample Clauses

The "Purchase Price; Conditions of Payment" clause defines the total amount to be paid for the goods or services under the contract and outlines the terms and methods by which payment must be made. It typically specifies when payments are due, acceptable forms of payment, and any conditions that must be met before payment is required, such as delivery or inspection of goods. This clause ensures both parties have a clear understanding of financial obligations and payment procedures, reducing the risk of disputes over payment timing or amounts.
Purchase Price Conditions of Payment. (a) The aggregate cash purchase price to be paid by Equity Purchaser to Equity Seller for the Shares as sold and purchased hereunder (the "Share Cash Purchase Price") shall be the aggregate of: (1) an amount of Thirty-One Million Seven Hundred Eighty-Six Thousand Six Hundred Twenty-Four U.S. Dollars and No/100 (U.S. $31,786,624.00); minus (2) the net present value as of the Closing Date of all obligations of ATPG as lessee under leases which have been, or are to be, recorded in accordance with GAAP in the balance sheet of ATPG as capital leases (the "ATPG Financial Debt"), as reflected in the Closing Date Balance Sheet and in the Books and Records of ATPG as of the Closing Date; plus (3) ATPG Cash as of 5:00 p.m. (New York time) the Business Day prior to Closing. (b) The aggregate cash purchase price to be paid by Asset Purchaser to Asset Seller for the Purchased Assets as sold and purchased hereunder (the "Asset Cash Purchase Price") shall be an amount of Fourteen Million U.S. Dollars and No/100 (U.S. $14,000,000). (c) The aggregate purchase price to be paid by IP Purchaser to Asset Seller for the Purchased Intellectual Property as sold and purchased hereunder shall be an amount of Three Million U.S. Dollars and No/100 (U.S. $3,000,000.00) (the "IP Cash Purchase Price" and collectively with the Share Cash Purchase Price and the Asset Cash Purchase Price the "Cash Purchase Price"). (d) Notwithstanding the foregoing, the Cash Purchase Price shall be adjusted downward or upward by an amount (the "Net Working Capital Adjustment Amount") equal to the amount by which the Closing Textile Business Working Capital, falls short of or exceeds Nine Million, One Hundred and Forty Thousand U.S. Dollars and No/100 (U.S. $9,140,000.00) (the "Average Net Working Capital"), in each case by more than One Hundred Thousand U.S. Dollars and No/100 (U.S. $100,000.00). Further, the Share Cash Purchase Price, the Asset Cash Purchase Price and the IP Cash Purchase Price, but not the Cash Purchase Price, may be adjusted based upon appraisals obtained by the Purchaser Parties for the Shares, the Purchased Assets and the Purchased Intellectual Property (the "Purchaser Appraisals").
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Purchase Price Conditions of Payment 
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Related to Purchase Price Conditions of Payment

  • Conditions of Payment All services provided by the Contractor under Work Authorizations must be performed to the State’s satisfaction, as determined at the sole discretion of the State’s Authorized Representative and in accordance with all applicable federal, state, and local laws, ordinances, rules, and regulations including business registration requirements of the Office of the Secretary of State. The Contractor will not receive payment for work found by the State to be unsatisfactory or performed in violation of federal, state, or local law.

  • Terms and Conditions of Payment Payments will be made to the Service Provider according to the payment schedule stated in the SCC. Unless otherwise stated in the SCC, the advance payment (Advance for Mobilization, Materials and Supplies) shall be made against the provision by the Service Provider of a bank guarantee for the same amount, and shall be valid for the period stated in the SCC. Any other payment shall be made after the conditions listed in the SCC for such payment have been met, and the Service Provider have submitted an invoice to the Procuring Entity specifying the amount due.

  • Purchase Price and Terms of Payment The aggregate purchase price for the Property (the “Purchase Price”) shall be Forty-Four Million Five Hundred Fifty-Four Thousand Two Hundred Thirty-Three Dollars ($44,554,233.00), and shall consist of and be payable as follows:

  • Conditions to Obligations of Purchaser The obligations of Purchaser hereunder are subject to the fulfillment, at or before the Closing, of each of the following conditions (all or any of which may be waived in whole or in part by Purchaser in its sole discretion):

  • Payment of Purchase Price The Investors shall have delivered the purchase price specified in Section 1.2.