Purchase Price and Method of Payment Clause Samples
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Purchase Price and Method of Payment. 4.1 The Purchase Price of the Property shall be the amount stated in paragraph
4.2 The Purchaser shall pay the Attorneys the Reservation Deposit as stated in paragraph D2 of the Information Schedule on signature of this Agreement, which deposit shall be held in trust by the Attorneys and invested in an interest bearing account in accordance with the provisions of section 26 of the Alienation of Land Act No 68 of 1981 (as amended) with interest to accrue to the Purchaser. The provisions of this clause 4.2 shall constitute authority to the Conveyancers, in terms of Section 86(4) of the Legal Practice Act, 2014(Act No. 28 of 2014), to invest the deposit. The Reservation Deposit will be used by the Purchaser towards the payment of Transfer and or Bond costs payable by the Purchaser as per clause 6.2 of this Agreement.
4.3 The Purchaser shall pay the Attorneys the Deposit as stated in paragraph D3 of the Information Schedule within 30 (Thirty) days of Signature Date, which deposit shall be held in trust by the Attorneys and invested in an interest bearing account in accordance with the provisions of section 26 of the Alienation of Land Act No 68 of 1981 (as amended) with interest to accrue to the Purchaser. The provisions of this clause 4.3 shall constitute authority to the Attorneys, in terms of Section 86(4) of the Legal Practice Act, 2014(Act No. 28 of 2014), to invest the deposit.
4.4 The Balance of the Purchase Price of the Property, as stated in paragraph D5 of the Information Schedule, shall be paid to the Seller on the Transfer Date.
4.5 Within 30 days after Signature Date, the Purchaser shall furnish the Seller with an irrevocable guarantee issued by a registered commercial bank for the due payment of the Balance of the Purchase Price of the Property.
4.6 Alternatively to 4.5 above, the Purchaser shall be entitled to pay into the trust account of the Attorneys the Balance of the Purchase Price of the Property, to be held by such Attorneys in an interest bearing trust account, interest to accrue for the benefit of the Purchaser until the date upon which payment of the relevant amount falls due.
4.7 The Purchaser hereby undertakes to provide the Attorneys with all such information and/or documentation required in order to comply with the Financial Intelligence Centres Act No. 38 of 2001 requirements, which information shall include, but not be limited to, proof of the Purchaser's Income Tax Registration Number, residential address and certified copies of...
Purchase Price and Method of Payment. At closing, Buyer agrees to pay Seller the purchase price of the Property of $ , U.S. Dollars: cash, wire transfer of immediately available funds, or a cashier’s check issued for the closing by a federally insured bank, savings bank, savings and loan association or credit union where the funds are immediately available. The above forms of payment shall be deemed to be the equivalent of Buyer paying all cash at closing which shall be the method of payment.
Purchase Price and Method of Payment. Buyer shall pay and Seller shall accept the purchase price for the Business as follows:
Purchase Price and Method of Payment. The total purchase price to be paid for the property is $ , with a ten percent (10%) down payment, due on the day of auction, in the amount of $ to be paid concurrently to the escrow agent, CLAY COUNTY ABSTRACT AND TITLE, Clay Center, Kansas with the execution of this agreement.
Purchase Price and Method of Payment. Subject to the adjustments Hereinafter specified, the total purchase price is One Million Four Hundred Sixteen Thousand Ninety-Four Dollars ($1,416,094.00) and is payable by the Buyer as follows:
Purchase Price and Method of Payment. 2.01. The purchase price ("Purchase Price") for the Aircraft and Data is Thirteen Million Two Hundred Thousand dollars ($13,200,000). N931MC $13,200,000
2.02. Upon delivery of the Aircraft and Data, Buyer shall pay to Seller the Purchase Price.
2.03. All payments hereunder shall be made by wire transfer of immediately available funds to: Equis Financial Group Fleet Bank, N.A. ▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇ ABA #▇▇▇-▇▇▇-▇▇▇ Account # ▇▇▇▇-▇▇-▇▇▇▇
Purchase Price and Method of Payment. 3.1 The purchase price for the Property shall be R , and which shall be payable in the following manner:
3.1.1 Cash deposit R in terms of Clause 3.2 below
3.1.2 Loan R in terms of Clause 3.3 below
3.1.3 Cash balance R in terms of Clause 3.4 below
3.2 The deposit referred to in Clause 3.1.1 is to be paid to the Conveyancers within 7 (Seven) days of acceptance of this agreement by the seller, into the following trust account: Berrange Incorporated Trust Account Bank: Nedbank Limited Branch code: 134 025 Account number: 134 036 9362 Reference : Erf (Erf number) Howick/ (Surname) Should same not be paid, in full, within the said 7 (Seven) day period, this agreement shall lapse, without further notice, with immediate effect. In this event, any part payment made towards the deposit shall be forfeited to the seller as envisaged in clause 9.1.2 below.
3.3 The amount referred to in Clause 3.1.2 shall be paid to the Seller upon registration of transfer and shall be provided by the raising of a bank loan on the security of the property hereby sold. This entire agreement is subject to the condition that the Purchaser is able to arrange a loan in the amount referred to in clause 3.1.2, in principle, on usual bank terms and conditions, within 30 (Thirty) days of signature hereof by the Seller. The Purchaser agrees and undertakes to take all steps and sign all documents reasonably necessary to give effect to this clause.
3.3.1 Should such loan not be granted in principle by due date, this agreement shall automatically fail and be of no further force or effect whatsoever.
3.3.2 The condition contained in Clause 3.3 has been inserted for the benefit of the Purchaser, and can be waived by him provided that such waiver is contained in writing and lodged with the Agents before the date referred to above.
3.3.3 The Purchaser undertakes to lodge with the Conveyancers, bank guarantees for payment of the sum referred to in Clause 3.1.2 within 14 (Fourteen) days of written request therefore by the Conveyancers and, within a further 7 (Seven) days, to take all such steps as may be necessary to enable the attorneys attending to the registration of the bond, to lodge their documents in the Pietermaritzburg Deeds Registry.
3.3.4 The Purchaser warrants that he is aware of the financial requirements of the bank relating to the mortgage bond that is to be applied for, and undertakes, to the best of his ability, to immediately provide, upon request by the relevant bank concerned, all info...
Purchase Price and Method of Payment. The purchase price of the Property to be paid by Buyer at closing is: $ , subject to the following: [Select sections A or B below. The sections not marked are not a part of the Agreement.] Seller and/or lender shall pay the following: The sum of up to $ to be used by Buyer for closing costs as described in paragraph 4.C.a. and in paragraph 4.D. Unspent sums, if any, shall remain with the Seller.
Purchase Price and Method of Payment. Buyer shall pay and Seller shall accept the purchase price for the “Property” under the terms and conditions and according to the payment schedule set forth in “Exhibit B” attached hereto and made a part hereof.
Purchase Price and Method of Payment. The Purchase Price shall be paid in U.S. Dollars at Closing in cash or its equivalent which shall only include the wire transfer of immediately available funds, or a cashier’s check issued for the closing by a federally insured bank, savings bank, savings and loan association or credit union where the funds are immediately available.