Consideration for the Assignment Sample Clauses
The 'Consideration for the Assignment' clause defines the payment or benefit that one party provides to another in exchange for the transfer of rights or interests under a contract. Typically, this clause specifies the amount, form, and timing of the consideration, such as a lump sum payment or ongoing royalties, that the assignor will receive from the assignee. By clearly outlining what is being exchanged for the assignment, this clause ensures that the transfer is legally valid and helps prevent disputes over whether adequate value was provided.
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Consideration for the Assignment. Any payment between a party transfer- ring or assigning its rights and obliga- tions under the contract and the party to which the rights and obligations are transferred or assigned pursuant to a transfer or assignment described in paragraph (a) of this section will not affect the treatment of the non- assigning counterparty for purposes of this section. A payment described in the preceding sentence made or re- ceived to transfer or assign rights and obligations under a notional principal contract (as defined in § 1.446–3(c)(1)) is not subject to § 1.446–3(g)(4).
Consideration for the Assignment. 2.1 The Assigning Party is currently indebted to the Assuming Party, ▇▇▇▇▇ ▇▇▇▇▇, under two related party promissory notes dated November 22, 2022, and February 14, 2023, in the principal amounts of one hundred fifty thousand dollars ($150,000) and one hundred thousand dollars ($100,000), respectively, with interest accruing on each balance at rates of 18% and 15% per annum, respectively.
Consideration for the Assignment. Upon execution of this Assignment, Assignee shall issue to Assignor a total of zero dollars. This transaction is considered an assignment or transfer of assets from SHGR to SHGT.
Consideration for the Assignment. 2.1 As consideration for the assignment (the "CONSIDERATION"), ▇▇▇▇-▇▇▇▇ shall pay to RM Eastview on the Closing Date (as defined in Section 8.1) the amount of Eight Hundred Thirty Two Thousand Six Hundred ($832,600) Dollars. The Consideration shall be paid by the wiring of federal funds to such bank account as RM Eastview shall designate in writing at least two (2) business days prior to the Closing Date.
Consideration for the Assignment. In consideration for the assignment, the Assignee shall support any and all of the obligations of Orion, as specified in the contracts and as necessary for the good management of the Contracts assigned in the due course of business;
Consideration for the Assignment. Consideration for the assignment of each Patent Right to Proteonomix is made pursuant to the Employment Agreement between the Assignor and Proteonomix.
Consideration for the Assignment. In consideration of the assignment of the Option Agreement, the Assignee hereby agrees to pay to the Assignor on the Closing Date (as defined below) the following:
(a) reimbursement of all of the Assignor’s actual costs incurred with respect to the Option Agreement to the date hereof including due diligence, investigation and negotiation costs, cash advances made by Falconbridge for exploration purposes and a reasonable portion of overhead expenses related to such activities, all as more particularly described on Schedule B hereto; and
(b) the allotment and issuance of 2,000,000 Common Share Purchase Warrants of the Assignor exercisable at a price of $0.40 each for a two-year term from the time of issuance on the Closing Date having an agreed value of $100,000.
Consideration for the Assignment. As consideration (the “Consideration”) for the assignment of the Properties to Proteonomix, Proteonomix hereby grants to the Assignors:
a) fifty thousand (50,000) shares of Proteonomix Series C Preferred Stock; and
b) the right to receive twenty (20%) percent of the issued and outstanding common stock of Proteoderm, in the event Proteoderm shall become a public company such percentage calculated immediately prior to any public offering or merger consideration. The Consideration is non-transferable except to the JSM Family Trust.
Consideration for the Assignment. The Company will carry out the Assignment of the following amounts of Hashing Power upon payment by the User of a one-off consideration equal to:
(a) Euro 1,500 (one thousand five hundred/00), for an amount of Hashing Power equal to 100 Tera-Hashes;
(b) Euro 750 (seven hundred and fifty/00), for an amount of Hashing Power equal to 50 Tera-Hash;
(c) Euro 375 (three hundred and seventy-five/00), for an amount of Hashing Power equal to 25 Tera-Hash. Except as otherwise provided in the General Conditions, the Consideration includes all costs faced by the Company as part of the Assignment relating, but not limited to, to the hosting and repairs of the Miner.
Consideration for the Assignment. Any consideration for the transfer or assignment that passes between the party transferring or assigning its rights and obligations under the con- tract and the party to which the rights and obligations are transferred or as- signed will not affect the treatment of the nonassigning counterparty for pur- poses of this section.