Purchase Price Payment Sample Clauses
The 'Purchase Price; Payment' clause defines the total amount the buyer must pay to acquire the goods, services, or assets specified in the agreement, as well as the terms and timing of such payment. It typically outlines whether the price is fixed or subject to adjustment, the currency of payment, and the schedule or method for making payments, such as lump sum, installments, or upon delivery. This clause ensures both parties have a clear understanding of the financial obligations and payment process, thereby reducing the risk of disputes over compensation and facilitating smooth transaction execution.
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Purchase Price Payment. The purchase price for the Shares to be purchased pursuant to the terms hereof shall be the sum of Forty Million Five Hundred Seventy-Six Thousand United States Dollars (US$40,576,000) (the "BASE PURCHASE PRICE"), which amount shall be subject to adjustment pursuant to Section 2(c) and Section 2(g). The Base Purchase Price as adjusted pursuant to clauses (A) and (B) of Section 2(c)(ii) (the "CLOSING PURCHASE PRICE") shall be paid by the Buyer at the Closing in cash by wire transfer or delivery of other immediately available funds as follows: (i) ninety percent (90%) of the Closing Purchase Price shall be paid to the Seller, to an account or accounts designated by the Seller not less than one (1) Business Day prior to the Closing Date, and (ii) ten percent (10%) of the Closing Purchase Price shall be paid to the Escrow Agent, to the account designated by the Escrow Agent pursuant to the Escrow Agreement, to be held in escrow, invested and disbursed by the Escrow Agent in accordance with the terms and conditions of the Escrow Agreement. Any further adjustments to the Base Purchase Price shall be made and paid in accordance with the applicable provisions of Section 2(g) and Section 2(h). All fees and expenses of the Escrow Agent and all other costs associated with the escrow arrangement thereunder shall be borne and paid by the Buyer and the Seller in equal shares.
Purchase Price Payment. The total Purchase Price for the Property is the amount of the successful bid for the parcel at public auction.
Purchase Price Payment. The grand total price shown on Schedule 1 (the “Purchase Price”) plus the grand total tax shall be paid by Buyer in full, free of bank charges, within 5 banking days of the Effective Date in accordance with the banking information shown on Schedule 1.
Purchase Price Payment. (a) Subject to adjustment under Section 1.3, if applicable, in consideration of the transfer of the Shares to Buyer and the other undertakings of Sellers set forth in this Agreement, Buyer agrees to pay to Sellers, in the aggregate, the sum of (i) $49,976,000 plus (ii) the Deferred Payment Amount, plus (iii) the Tax Refund Amount (in the aggregate, as adjusted, the “Purchase Price”).
(b) Subject to adjustment under Section 1.3, if applicable, $42,476,000 of the Purchase Price (the “Initial Payment”) will be paid to Sellers at Closing by wire transfer of immediately available funds to an account designated by Sellers Representative, and $7,500,000 of the Purchase Price will be paid into escrow pending (i) the collection by the Company or a Subsidiary of those accounts receivable set forth on Exhibit 1.2(b) (estimated by Sellers not to exceed $257,724), and (ii) resolution of any claims for indemnification that may be made by Buyer under Article 5 during the stated duration of the escrow, as more fully set forth in the escrow agreement (the “Escrow Agreement”).
(c) The Deferred Payment Amount, which will not exceed $14,000,000 in the aggregate, will be paid to Sellers within 10 days after each month end in which any Deferred Payment Amount due Sellers hereunder is received by wire transfer of immediately available funds to an account designated by Sellers Representative, subject to satisfaction of the payment conditions set forth on Exhibit 1.2(c). Buyer shall use commercially reasonable efforts in good faith to collect the payments indicated on Exhibit 1.2(c) (the “Tooling Receivables”) according to the schedule indicated therein, but will not be required to commence any Proceeding, utilize any collection or similar agency, or cease doing business with any applicable account debtor. In connection with the collection of the Tooling Receivables, Buyer will not reduce or otherwise compromise any Tooling Receivable in exchange for, or to influence an account debtor to give, any concession or other accommodation to Buyer or any of its Affiliates that is unrelated to the applicable Tooling Receivable, and Buyer will not be required to grant any concession or other accommodation to collect any Tooling Receivable. Buyer will provide Sellers Representative with a monthly status report of Tooling Receivables collections. If Tooling Receivables are not collected within 60 days of the applicable invoice date, Sellers Representative or his or her designee will have the ...
Purchase Price Payment. 5.1 The Purchase price of the said unit is Rs. /- (Rupees
5.2 The Purchasers also agree to pay to the Developer/Promoter in addition to the said purchase price all applicable statutory outgoing and expenses on account of GST and any other taxes as may be applicable, betterment fees and all charges (in the manner as mentioned in Part IV of the Fifth Schedule hereto) and costs of extra works for any alterations in the said Unit which the Owner/ Promoter may provide at the request of the Purchasers subject to however permission and/or approval by architects and/or appropriate authorities as the case may be. The Purchasers shall also pay to the Developer/ Promoter any new development charges, levy or taxes imposed and/or made applicable by any Government and Semi-Government Authority before taking possession of the said unit.
5.3 In addition to the aforesaid purchase price, the Purchasers shall pay interest free deposits and additional amounts as detailed in Part-II and Part III of the Fifth Schedule hereunder written and payment of such amounts shall be made at or before taking possession of the Said Unit to the Owner/Promoter and in case the exact liability on any head cannot be quantified, then the payment shall be made according to the Owner’s/Promoter’s reasonable estimation subject to subsequent accounting and settlement within a reasonable period.
5.4 No right title and interest of any nature whatsoever is being created in favour of the Purchasers in respect of the said Unit by virtue of this agreement until the Purchasers have paid or deposited all the amounts herein agreed to be paid or deposited and until execution and registration of the Deed of Conveyance in favour of the Purchasers in respect thereof.
5.5 The Developer/ Promoter hereby agrees to allot to the Purchasers the Parking Space for his own use and not otherwise. Earmarking of the location and the parking number will be done at the time of handing over the possession of the Unit. Each allotted car parking space will entitle the Purchasers the right to park only one light motorized vehicle. In case of transfer of the Unit, the right to use the Parking Space shall be automatically transferred along with the Apartment/Unit. The right to use the Parking Space under no circumstances is separately transferable. The Purchasers agree that only the allotted Parking Space would be used exclusively for parking of his light motorized vehicle and would not be used as storage otherwise.
Purchase Price Payment. Purchaser shall deliver to SAFEDOX the sum of $10,000 in payment of the 33,333 shares of Common Stock purchased by Purchaser hereunder, a per share price of $.30, which payment shall be delivered as provided in paragraphs VI and VII hereinbelow.
Purchase Price Payment. Buyer paid Seller the aggregate Purchase Price for the Assets.
Purchase Price Payment. The Purchase Price in the amount and manner set forth in Section 2.
Purchase Price Payment. (a) On the Initial Funding Date, (i) Parent Originator shall pay to each Sub-Originator the Purchase Price for the Receivables sold by such Sub-Originator to Parent Originator on the Initial Funding Date and (ii) Catalog Seller shall pay Parent Originator the Purchase Price for the Receivables sold to Catalog Seller on the Initial Funding Date.
(b) On each Business Day after the Initial Funding Date, each Sub-Originator and Parent Originator shall settle as to the Purchase Price for Receivables and Related Rights conveyed to Parent Originator by Sub-Originator since the preceding Business Day. Parent Originator shall pay such Purchase Price to such Sub-Originator in cash.
(c) On each Business Day after the Initial Funding Date, Catalog Seller and Parent Originator shall settle as to the Purchase Price for Receivables and Related Rights conveyed by Parent Originator to Catalog Seller since the preceding Business Day. Amounts paid by Catalog Seller to the Parent Originator on such day shall be applied as follows: first, as a payment of interest on outstanding deferred Purchase Price, calculated as provided in subsection (d), with respect to the related (or any earlier) period; second, as a payment of the remaining Purchase Price for Receivables conveyed since the preceding Business Day and the Related Rights with respect thereto; third, as a payment of deferred Purchase Price for Receivables conveyed during any prior period and the Related Rights with respect thereto; and fourth, if Parent Originator and Catalog Seller so agree, as a loan by Catalog Seller to Originator, on the terms described in Section 4.7.
Purchase Price Payment. The Purchase Price shall be payable from Buyer to Seller or Seller’s agent as follows:
(i) by application of the Deposit; and
(ii) by payment of the balance of the Purchase Price by certified check or wire transfer payable at Closing.