Common use of Purchase Price; Method of Payment Clause in Contracts

Purchase Price; Method of Payment. The total consideration to be paid by the Purchaser to the Seller for the Stock is Two Million Five Hundred Twelve Thousand Nine Hundred Sixty Dollars ($2,512,960), payable at Closing (as defined in Section 7, below). Payment shall be made by the Purchaser at Closing by execution and delivery of a secured term promissory note in favor of the Seller for the entire consideration, which such note shall be substantially in the form attached hereto as Exhibit A (the "Note").

Appears in 2 contracts

Sources: Purchase Agreement (Musen Kenneth N), Purchase Agreement (Musen Kenneth N)

Purchase Price; Method of Payment. The total consideration to be paid by the Purchaser to the Seller for the Stock is Four Million Two Million Five Hundred Twelve Seventy-Two Thousand Nine One Hundred Sixty Fifty-Four Dollars ($2,512,9604,272,154), payable at Closing (as defined in Section 7, below). Payment shall be made by the Purchaser at Closing by execution and delivery of a secured term promissory note in favor of the Seller for the entire consideration, which such note shall be substantially in the form attached hereto as Exhibit A (the "Note").

Appears in 1 contract

Sources: Purchase Agreement (Chase Arnold L Family Spray Trust)