Cash Purchase Price Clause Samples

Cash Purchase Price. To Shareholders, certified or bank cashier's checks (or wire transfer) as required by Section 2.2, a certified or bank cashier's check (or wire transfer) as required by Section 2.2.

Cash Purchase Price. An aggregate amount equal to The Base Purchase Price less (i) the Stock Purchase Price and (ii) the reductions, if any, to be made at Closing pursuant to Section 2.8(b), 2.8(c), 2.8(d) and 2.8(e), shall be payable at the Closing in cash to the Sellers ("Cash Purchase Price"). The specific amount of the Cash Purchase Price shall be payable to each of the Sellers by a wire transfer to accounts to be designated by the Sellers in writing not less than three (3) business days prior to the Closing, such method of payment to be determined in the sole discretion of Purchaser, in the individual amount for each Seller set forth on Schedule 2.4 attached hereto.

Cash Purchase Price. The Cash Purchase Price shall equal the net book value of the Assets as determined by Pentech, plus the value of prepaid expenses, if any, on the Closing Date. It is agreed that the net book value shall not be reduced by a reserve in excess of Six Hundred Eighty-Seven Thousand ($687,000) Dollars and that the equipment and store fixtures included in the Assets shall have a net book value of Two Hundred Fifty Thousand ($250,000) Dollars. (a) on the date hereof, Purchaser shall pay Pentech One Hundred Thousand ($100,000) Dollars (the "Down Payment"); (b) on the Closing Date (defined below), Purchaser shall pay Pentech One Hundred Fifty Thousand ($150,000) Dollars or the remainder of the Cash Purchase Price, whichever is less; (c) on the Closing Date, Purchaser shall execute a note for the balance of the Cash Purchase Price, if any (the "Note"), a copy of which is attached hereto as Exhibit 1.4.1 (1). The terms of the Note shall provide that the principal thereof shall be reduced by $150,000 per month commencing February 1, 1998 until fully repaid. The Note shall bear interest at a rate of 9% per annum and shall be secured by all of the assets of Purchaser pursuant to a Security Agreement (the "Security Agreement"), a copy of which is attached hereto as Exhibit 1.4.1(c)(3), and a pledge of 500,000 shares of Common Stock of the Purchaser (representing approximately 7% of the outstanding capital stock of Purchaser) by Blau pursuant to a Pledge Agreement (the "Pledge Agreement"), a copy which is attached hereto as Exhibit 1.4.1(c)(3); (d) on the Closing Date (or as otherwise agreed to by ▇▇▇▇▇▇▇, Math & ▇▇▇▇▇▇▇, P.C. ("DM&W"), Purchaser shall pay DM&W to audit Cosmetics' financial statements for its fiscal year ended September 30, 1997, if any; and (e) on the Closing Date, Purchaser shall pay Pentech One Thousand Dollars ($1,000) for its occupancy of Pentech's premises for up to 30 days from such date in accordance with the provisions of Paragraph 7(f).

Cash Purchase Price. To Sellers by wire transfer as required by Section 3.2.(c) hereof.

Cash Purchase Price. In addition, subject to Section 2.9(c), an aggregate amount equal to the Base Purchase Price less (i) the Stock Purchase Price and (ii) the reductions, if any, to be made at Closing pursuant to Sections 2.8(b), 2.8(c), 2.8(d) and 2.8(e), shall be payable at the Closing in cash to the Seller ("Cash Purchase Price"). The specific amount of the Cash Purchase Price shall be payable to the Seller by a wire transfer to accounts to be designated by the Seller in writing not less than three (3) business days prior to the Closing, in the individual amount for the Seller and, to repay certain indebtedness set forth in Section 6.1, as further indicated in the Disclosure Schedule.

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

Cash Purchase Price. To Company by wire transfer as required by Section 4.1(a) hereof.

Cash Purchase Price. The Cash Purchase Price shall be paid as --------------------- follows: (a) $100,000 shall be paid at Closing by P2S's delivery to Seller of Seller's $100,000 secured promissory note dated November 10, 2004 issued by Seller in favor of P2S (the "Note") marked 'PAID IN FULL"; and (b) $200,000 shall be paid by Buyer, in twenty-four equal, consecutive monthly installments of $8,333.33, without interest. The first installment shall be paid on the first monthly anniversary of the Closing Date, and succeeding installments shall be paid on or before the same day of each of the 23 consecutive months thereafter. The foregoing to the contrary notwithstanding: (i) In the event that the gross freight revenues of Buyer for the first full calendar month commencing one year following the Closing, equals or exceeds $667,000, then, within 30 days from such date, Buyer shall pay to Seller the sum of $50,000, and Buyer shall thereafter make six equal, consecutive monthly installments of $8,333.33, without interest, until the entire $200,000 described in paragraph (b) of this Section 2.2 has been paid in full; and (ii) In the event that the gross freight revenues of Buyer for the first full calendar month commencing one year following the Closing, equals or exceeds $834,000, then, within 30 days from such date, Buyer shall pay to Seller the sum of $100,000, which payment shall constitute full satisfaction of Buyer's $200,000 obligation described in paragraph (b); provided that Buyer has made all required payments pursuant to this paragraph (b). At and subject to Closing, P2S shall waive accrued but unpaid interest on the Note. P2S hereby unconditionally guarantees the payment obligations of Buyer under this Section 2.2(b). In the event that Buyer fails to make one or more required payments under this Section 2.2(b) as and when due, and such failure continues for a period of 90 days from the due date thereof, Seller may declare all unpaid amounts under this Section 2.2(b) to be immediately due and payable upon written notice to Buyer and P2S.

Cash Purchase Price. The Total Purchase Price for the Assets is *** Dollars ($***). Subject to Sections 2.2, 2.4 and 2.5 below, at Closing, Buyer shall pay to Seller in immediately available funds the sum of *** Dollars ($***) (the "Cash Purchase Price").