Consideration for Purchase. In consideration for a purchase of a Sold Receivable pursuant to Section 3.3(c), the Servicer will deposit the Purchase Price of such Sold Receivable into the Collection Account on or before the Determination Date occurring in the Collection Period in which such purchase occurs. Any such amount will be considered Collections and will be applied in accordance with this Agreement. Upon the Servicer’s payment of the Purchase Price for such Sold Receivable, the Issuer will without further action be deemed to sell and assign to the Servicer, with effect as of the date of such purchase and without recourse, representation or warranty, all right, title and interest of the Issuer in, to and under such Sold Receivable and the Related Security. In connection with any such purchase, the Owner Trustee will, at the Servicer’s expense, execute such documents and take such other actions as are reasonably requested by the Servicer to effect the conveyance of such Sold Receivable pursuant to this Section 3.3(d). If Ford Credit is the Servicer, the obligation of the Servicer to purchase any such Sold Receivable and to deposit the Purchase Price of such Sold Receivable into the Collection Account, constitutes the sole remedy for a breach or failure to perform specified in Section 3.3(c) available to the Noteholders (or the Owner Trustee or the Indenture Trustee on behalf of the Secured Parties).
Consideration for Purchase. 2.1 Total consideration for the purchase and sale of the stock and real estate shall be: Real Estate ONE MILLION ONE HUNDRED TWENTY ONE THOUSAND THREE HUNDRED THIRTY TWO DOLLARS ($1,121,332) plus a box of McDonalds Chocolaty Chip Cookies. ASBC 1422 shares Capital Stock, ONE MILLION NINE HUNDRED SEVENTY EIGHT THOUSAND SIX HUNDRED SEVENTY DOLLARS ($1,978,670). totaling the sum of THREE MILLION ONE HUNDRED THOUSAND AND TWO DOLLARS ($3,100,002.00), payable in the following manner:
Consideration for Purchase. 2.1 Total consideration for the purchase and sale of the stock shall be: ASBC 1078 shares Capital Stock, ONE MILLION FIVE HUNDRED THOUSAND DOLLARS ($1,500,000.00). payable in the following manner:
Consideration for Purchase. On the Closing Date, in exchange for the purchase of the Assets pursuant to Section 2.1 above, Purchaser shall deliver to Seller in cash or immediately available funds, the amount of Five Million Four Hundred Eighty-One Thousand One Hundred Forty-Eight and 00/100 Dollars ($5,481,148.00) (the “Asset Purchase Price”). Purchaser will also deliver to Seller funds in an amount equal to one-half (1/2) of the California sales tax (the “Sales Tax Payment”) payable by Seller in connection with the sale of the Assets. Subject to such receipt, Seller shall pay the full amount of such sales tax to the appropriate authorities on a timely basis. The Asset Purchase Price shall be allocated as follows:
Consideration for Purchase. At the Closing, Purchaser shall pay, deliver and transfer to the Trustee (or the Trustee’s designee, authorized pursuant to the Voting Trust Agreement) the Cash Purchase Consideration less the Retention Bonus Amount in cash, by wire transfer to an account designated by the Trustee. At the Effective Time, Purchaser shall cause the Retention Bonus Amount to be contributed to the Company as a capital contribution as contemplated by Section 7.10.
Consideration for Purchase. In consideration of the Contemplated Transactions, the Buyer will at Closing issue Twenty One Million (21,000,000) Buyer Shares to be registered upon the books and records of the Buyer in the name of the Sellers, pro rata with respect to the Sellers' respective interests in the Company as shown more accurately on Exhibit B hereto; provided, however, that such Buyer Shares shall be delivered in accordance with (S)2(d)(ii)(B) (the "Purchase Price").
Consideration for Purchase. (a)The Seller hereby acknowledges the valuable consideration in full to bereceived by the Seller, by virtue of transferring the Shares to the Purchaser, which transfer will facilitate the distribution of net proceeds derived from the Company's litigation to the Record Date Owners and is consistent with the expectations of such Record Date Owners. Each party hereto further acknowledges and agrees that it will receive good and valuable consideration for entering into this Agreement. (b)Upon the execution and delivery of this Agreement, in exchange for the
Consideration for Purchase. 2.1 Total consideration for the exchange of the stock shall be the exchange of shares, and no additional consideration shall be payable by or to either party.
Consideration for Purchase. In order to induce Investor to enter into this Agreement, the Founder has entered into on the date hereof the Employment Agreement attached hereto as Exhibit B. Investor represents and the Founder acknowledges that if the Founder had not agreed to enter into such Employment Agreement, Investor would not have agreed to enter into this Agreement.
