Transfer of Consideration Clause Samples
The Transfer of Consideration clause defines how and when the value exchanged between parties—such as money, goods, or services—is delivered under the agreement. Typically, this clause outlines the specific conditions, timing, and method for transferring the agreed-upon consideration, such as payment schedules or delivery milestones. Its core function is to ensure both parties clearly understand their obligations regarding the exchange, thereby reducing the risk of disputes over what is owed and when it must be provided.
Transfer of Consideration. The Consideration may not be assigned or transferred except to a person who executes a written agreement with Zenascent containing restrictions in form and substance identical to those of Paragraph 2 hereof. Any such assignment or transfer in violation of this Paragraph 3 shall be null and void.
Transfer of Consideration. Subject to the terms and conditions hereof, in exchange for the Contribution, the Contributee hereby issues and transfers to the Contributor, and the Contributor hereby accepts, 3,172,407 shares of SPINCO Common Stock (the “Stock Consideration”), and the Contributee shall pay the Contributor the Cash Proceeds substantially concurrently with or shortly after the Distribution.
Transfer of Consideration. At Closing, the Reorganized Debtor will deliver the Funding Payment Agreement to the Claims Administrator of the Settlement Facility. Any payment due thereunder shall be delivered to the Depository Trust. The Funding Payment Agreement evidences the obligation of the Reorganized Debtor to make payments to or on behalf of the Settlement Facility and the Litigation Facility after the Effective Date and is more fully discussed below.
Transfer of Consideration. Upon Closing, Radware will transfer $7,100,000 to V-Secure, $400,000 to an escrow account to be used for payment of incentive bonuses to the Radware Employees, in accordance with the terms and conditions of section 7.4 above, the Warrants, and $900,000 to an escrow account to secure V-Secure’s indemnity obligations in accordance with sections 9 and 10.2. herein and Schedule 8.3(h) herein, to be used in accordance with the Escrow Agreement. Additional amounts will be transferred to the Escrow Account to secure V-Secure’s indemnity obligations in accordance with Sections 9 and 10.2 and Schedule 8.3(h) herein (in accordance with the terms of the Escrow Agreement), in accordance with the terms of Section 4. For the avoidance of doubt, the above cash consideration totaling $8,400,000 is in addition to the aggregate advance payments of $600,000 paid prior to signing this Agreement and pursuant to section 4 herein.
Transfer of Consideration. Notwithstanding any other term of this agreement, the Parties shall have 45 (forty-five) days from the day that shall be effective date of the increase in Grantee’s authorized shares of common stock to transfer their consideration as more particularly provided herein, If either Party shall fail to transfer its consideration as provided herein on or before such date, then the other Party, at its sole option, may declare this agreement to be rescinded by giving written notice of same as provided in Section 3.1 above and upon receipt or deemed receipt of said notice, that Party shall be forthwith be entitled to a return of any consideration which it has transferred to the other party under this agreement.
Transfer of Consideration. 9 2.1 Consideration................................................9 2.2 Transfer of Assets..........................................10
Transfer of Consideration. 73 3. Governance of the Settlement Facility.................. 73 a. MDL 926 Court.................................... 73 b.
Transfer of Consideration. In exchange for E▇▇▇▇▇▇▇’s entering into the Lock-up Agreement, P▇▇▇ agrees to make the following transfers (the “Consideration”) immediately upon execution of this Agreement:
(a) P▇▇▇ will transfer 600,000 of the common shares of the Company that belong to P▇▇▇ to Einodmil (in accordance with Einodmil’s direction as warranted).
(b) P▇▇▇ will transfer 600,000 additional common shares of the Company that belong to P▇▇▇ to an escrow account for the benefit of Einodmil in accordance with reasonable business practices for similar escrow arrangements. P▇▇▇ agrees, and the escrow arrangement will provide, that the following amounts of the escrowed shares will be released to Einodmil based on the average VWAP of the 20 trading days following the expiration of the 6 month lockup period (the “Post-Lockup Trading Price”) immediately after the passage of such trading days: If the Post-Lockup Trading price is:
(i) $4.00 or higher: 0 shares (ii) $3.50-$3.99: 75,000 shares (iii) $3.00-$3.49: 150,000 shares (iv) $2.50-$2.99: 225,000 shares (v) $2.00-$2.49: 300,000 shares
(vi) $1.50-$1.99: 375,000 shares
(vii) $1.00-$1.49: 450,000 shares (viii) $0.50-$0.99: 525,000 shares (ix) $0.01-$0.49: 600,000 shares After such shares have been transferred to Einodmil, any remaining escrowed shares will be returned to P▇▇▇.
(c) P▇▇▇ agrees to execute and deliver, at the reasonable request of E▇▇▇▇▇▇▇, such additional documents, instruments, conveyances and assurances and take such further actions as Einodmil may reasonably request to evidence or effect the transfer of the Consideration, carry out the provisions hereof, and give effect to the transactions contemplated by this Agreement.
Transfer of Consideration. 6.1. Our Products can be purchased with funds that have been previously deposited in the current account with Solarisbank AG. We may, at our own discretion, also provide for payment by credit card or other payment methods. In this case, the payment will be processed by third party service providers. Special conditions are applicable.
6.2. If consideration, fees or costs become due and payable, the user authorizes us to deduct them from the funds of the respective account. The amount of the fees and charges can be found in the schedule of prices and services.
6.3. Withdrawals or payouts shall be made exclusively to current accounts with Solarisbank AG in the name of the customer.
Transfer of Consideration