PURCHASE PRICE PAYMENT UPON EXERCISE Sample Clauses

PURCHASE PRICE PAYMENT UPON EXERCISE. At any time on or after the Effective Date and prior to 5:00 p.m. (Los Angeles, California time) on the Termination Date, the holder of any Warrant Certificate may exercise the Warrants evidenced thereby in whole or in part, by surrender of such Warrant Certificate, with an election to purchase (a form of which is attached as part of the form of Warrant Certificate attached as Exhibit A) attached thereto duly executed, to the Company at its office referred to in Section 1.2(b) hereof, together with payment of the Purchase Price, payable as set forth below in this Section 2. 1, for each share of Common Stock as to which the Warrants are exercised. The Purchase Price shall be (i) payable in cash, by certified or official bank check payable to the order of the Company or by wire transfer of immediately available funds to the account of the Company or (ii) satisfied by the delivery of Warrant Certificates to the Company for cancellation in accordance with the formula set forth in Section 2.1 (b).
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PURCHASE PRICE PAYMENT UPON EXERCISE. At any time on or after August 20, 1998 and prior to 5:00 p.m. (Los Angeles, California time) on the Termination Date, the holder of any Warrant Certificate may exercise the Warrants evidenced thereby in whole or in part, by surrender of such Warrant Certificate, with an election to purchase (a form of which is attached as part of the form of Warrant Certificate attached as Exhibit A) attached thereto duly executed, to the Company at its office referred to in Section 1.2(b) hereof, together with payment of the Purchase Price, payable as set forth below in this Section 2.1, for each share of Common Stock as to which the Warrants are exercised. The Purchase Price shall be (i) payable in cash, by certified or official bank check payable to the order of the Company or by wire transfer of immediately available funds to the account of the Company or (ii)
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Related to PURCHASE PRICE PAYMENT UPON EXERCISE

  • Purchase Price Payment The total Purchase Price for the Property is the amount of the successful bid for the parcel at public auction.

  • Cash Purchase Price The term "Cash Purchase Price" shall have the meaning set forth in Section 2.3(a).

  • Purchase Price Payments (a) On each Payment Date, on the terms and subject to the conditions of this Agreement, the Initial Purchaser shall pay to KBK the Purchase Price for the Receivables and Related Assets to be purchased on such day by (i) making a cash payment to or at the direction of KBK to the extent that the Initial Purchaser has cash available to make such payment pursuant to SECTION 3.3, and (ii) automatically increasing the principal amount outstanding under the Purchaser Note issued to KBK by the amount of the excess, if any, of the Purchase Price to be paid to KBK for such Receivables and Related Assets OVER the amount of any payment made on such day pursuant to CLAUSE (I) next above. (b) On each Payment Date, the Initial Purchaser shall reduce the Purchase Price payable to KBK for the Receivables and Related Assets that the Initial Purchaser is to purchase on such day by an amount (the "PURCHASE PRICE ADJUSTMENTS") equal to the difference between (i) the sum of (A) the Dilution Adjustment (as defined in SECTION 3.5(B)), if any, for the immediately preceding Business Day, PLUS (B) the Noncomplying Receivables Adjustment (as defined in SECTION 3.5(A)), if any, for the immediately preceding Business Day, MINUS (ii) the amount of any payments that the Initial Purchaser shall have received on the immediately preceding Business Day on account of Collections due with respect to Noncomplying Receivables that have been included in an Purchase Price Adjustment previously deducted or paid in accordance with this SECTION 3.1. (c) If the Purchase Price Adjustments on any Payment Date exceed the Purchase Price payable by the Initial Purchaser to KBK on such day, then the principal amount of the Purchaser Note shall be automatically reduced by the amount of such excess; PROVIDED, that if the Purchaser Note has been reduced to zero, then KBK shall pay to the Initial Purchaser in cash the amount of such Purchase Price Adjustments on the next succeeding Business Day; and PROVIDED FURTHER, HOWEVER, that at any time (y) when a Liquidation Event or Unmatured Liquidation Event exists or (z) on or after the Purchase Termination Date, the amount of any such credit shall be paid by KBK to the Initial Purchaser by deposit in immediately available funds into the Collection Account for application by Servicer to the same extent as if Collections of the applicable Receivable in such amount had actually been received on such date.

  • The Purchase Price If the sale of the Property is not subject to HST, Seller agrees to certify on or before (included in/in addition to) closing, that the sale of the Property is not subject to HST. Any HST on chattels, if applicable, is not included in the Purchase Price.

  • PURCHASE PRICE & TERMS The Buyer agrees to purchase the Property by payment of US Dollars ($ ) as follows: (check one) ☐ - All Cash Offer. No loan or financing of any kind is required in order to purchase the Property. Buyer shall provide Seller written third (3rd) party documentation verifying sufficient funds to close no later than , 20 , at : ☐ AM ☐ PM. Seller shall have three (3) business days after the receipt of such documentation to notify Buyer, in writing, if the verification of funds is not acceptable. If Buyer fails to provide such documentation, or if Seller finds such verification of funds is not acceptable, Seller may terminate this Agreement. Failure of Seller to provide Buyer written notice of objection to such verification shall be considered acceptance of verification of funds.