Purchase Price of Assets. 7 Section 3.1 Purchase Price........................................7 Section 3.2 Additional Consideration..............................7 Section 3.3 Payment for Packaging Material.......................10 Section 3.4 Allocation of Purchase Price.........................10 Section 3.5 Registration.........................................10
Purchase Price of Assets. In consideration of ASCR's sale of the Assets as provided herein, ZAP shall tender $70,000 in cash and issue the number of shares of Common Stock of ZAP, having no par value, with the rights, preferences, privileges and restrictions set forth in the Articles of Incorporation (the "Shares") that result from the division of $80,000 by the number equal to the average closing price of the Shares as reported on the "Bulletin Board" for the ten (10) days prior to the date of the Stage One Closing. The cash and the currency shall be deposited in a purchase escrow account at Xxxxx & Xxxxxxxxxxx, LLP, 000 Xxxxxxxxxx Xxxxxx, 12th Floor, San Francisco, CA 94104 on the Stage One Closing Date, to be held until the Stage Two Closing Date and pending the satisfaction or waiver of the ASCR's closing conditions and obligations as set forth in Article V, hereof; provided, however, that in consideration of the purchase, ASCR may withdraw from the escrow, towards the purchase price (assuming ultimate approval by the Small Business administration ("SBA")) the sum of $10,500 per month until the Second Closing. Such withdrawals shall be made in the following manner: The July withdrawal of $10,500 shall be made immediately following the Stage One Closing. Thereafter, ASCR may withdraw the sum of $10,500 on the first day of each month commencing on August 1, 1999 and continuing on the first day of each month thereafter until the Second Closing. In the event the SBA does not consent, these payments shall be treated as advances of lease payments (see Section 3.16 below).
Purchase Price of Assets. In consideration of ASCR's sale of the Assets as provided herein, ZAP shall tender One Hundred Thousand Dollars ($100,000) (the "Purchase Price") in cash to be paid to ASCR at the Closing.
Purchase Price of Assets. The purchase price of all assets as denoted in Exhibit A shall be four hundred thousand dollars. ($400,000.00), payable in accordance with paragraph 7.1.
Purchase Price of Assets. Unless otherwise provided by any law, total consideration of the Purchased Assets (the “Purchase Price of Assets”) shall be RMB10 or the minimum price permitted by Chinese laws and regulations. Where Party A and Party C otherwise agree on a price, their agreed price shall prevail. Party C shall bear any and all taxes and duties incurred by such assets transfer. Notwithstanding the foregoing, subject to compliance with provisions and requirements of then-effective Chinese laws, any consideration paid by Party A and/or its Designee to Party B and/or Party C at any such price shall be returned by Party B and/or Party C severally but not jointly to Party A and/or its designee (provided that any taxes and duties (if any) incurred by exercise of Purchase Option of Assets shall be deducted from any sums returned). The purchase price, after making necessary tax withholdings in accordance with Chinese laws, shall be paid to the account designated by Party B and/or Party C by Party A and/or its Designee within seven (7) days after the day on which the Purchased Assets is duly transferred to the name of Party A and/or its Designee.
Purchase Price of Assets. The purchase price of the assets sold by Seller to Purchaser shall be as follows: a cash payment at Closing of eight hundred and fifty thousand dollars ($850,000) (the "Cash Purchase Price"); and additional installment fee payments of five million, nine hundred and fifty thousand dollars---------00/100 ($5,950,000), together with transfer of twenty percent (20%) interest in Purchaser. The purchase price does not include any sales or use taxes. The purchase price shall be allocated as follows:
Purchase Price of Assets. OR ANY OTHER ASSETS (a) cash and receivables from depository institutions, including cash items in the process of collection, plus interest thereon: Book Value
Purchase Price of Assets. At Closing, AmericasBank shall pay to Rushmore the following purchase price for the Assets, less credits for a deposit of $20,000.00 paid at the time of signing of this Agreement.
Purchase Price of Assets. The separately bargained for amounts constituting the Purchase Price are as follows:
Purchase Price of Assets. 4 Section 2.1 Purchase Price, Deposit and Additional Purchase Price...........................................4 Section 2.2 Adjustment of Purchase Price....................................................................5 Section 2.3 [Reserved]......................................................................................5 Section 2.4 Certain Liabilities and Obligations.............................................................5 Section 2.5 Taxes...........................................................................................6
