Consideration for Transfer of Assets. 2.1 Consideration to be Paid. ------------------------
Consideration for Transfer of Assets. (a) As consideration for Seller transferring, conveying and granting the Systems to Xxxxx, Xxxxx agrees to pay Seller, or its successor entity that is beneficially owned by Seller’s current shareholders, Xxxxx X. Xxxxxxx and Xxxxx X. Xxxxxx, (“the Purchase Price”), together with the assumption of those liabilities related to the Systems which are specifically identified in this Agreement in Schedule 2(a) attached hereto (“Assumed Liabilities”). The Purchase Price shall be paid according to the terms and conditions of the Promissory Note given to Seller by Buyer, attached hereto as Exhibit A.
Consideration for Transfer of Assets. For and in consideration of the transfer of the interests set forth in paragraph 1 above, CNG has issued 200 shares of its Convertible Preferred Stock to Cottonwood, GAR and CGM, as follows: 2 NAME SHARES STOCK CERTIFICATE NO. ---- ------ --------------------- Cottonwood 99 CP1 GAR 1 CP2 CGM 100 CP3
Consideration for Transfer of Assets. To provide the consideration for the transfer of substantially all of the assets of the NextWave Debtors, including the Licenses, to Nextel or one or more of its Subsidiaries, Nextel would obtain the additional capital necessary to meet the following obligations, which shall be satisfied, as applicable, either directly by Nextel or out of the escrow account to be established as contemplated by Section III.A.1 below, in either case no later than 30 days after the Effective Date: (1) the FCC Base Payment; (2) the Additional FCC Payment; (3) the satisfaction of the claims of other creditors of the NextWave Debtors, pursuant to the terms of the Plan; and (4) the payment of amounts to be determined on account of the interests held by equity security holders of the NextWave Debtors, pursuant to the terms of the Plan. Under this proposal, the FCC would receive total consideration on account of the Licenses of at least $2.092 billion, consisting of the FCC Base Payment (approximately $1.593 billion), the retained Deposits (approximately $499 million) and the Additional FCC Payment, if any.
Consideration for Transfer of Assets. (a) Consideration from Verity US. Subject to the terms and conditions set forth in this Agreement, and in consideration for Sellers' transfer of the Assets pursuant to Section 1.1 (Transfer of Assets):
Consideration for Transfer of Assets. In consideration of the conveyance of the Transferred Assets transferred to Buyer as set forth in Section 1.01,on the Effective Time:
Consideration for Transfer of Assets. The Purchase Price and other consideration to be delivered to the Seller for conveyance of the Assets pursuant to this Agreement (including but not limited to, the Purchase Price), constitutes reasonably equivalent value for the Assets. The Seller has not been sued or threatened with suit by any creditor before the execution of this Agreement, except as disclosed in Schedule 4.1.k hereto, and the Seller has not concealed any of the Assets from its creditors.
Consideration for Transfer of Assets. The parties hereto agree and acknowledge that the consideration for the Transfer of the Target Assets hereunder shall be RMB 1,004,530,000, as determined based on the assets valuation prices; provided however that, such consideration of Transfer shall be subject to adjustments to be made by reference to the definitive valuation results filed with the SASAC.
Consideration for Transfer of Assets. In consideration of the transfer of the Assets, Interpac-Nevada shall issue to Interpac-Washington 7,044,500 shares of the voting common stock ("Shares") of Interpac-Nevada.
Consideration for Transfer of Assets. Upon the terms and subject to the conditions set forth in this Agreement, GRG agrees to deliver 1,000,000 shares to the Company upon closing and, 4,000,000 shares shall be placed in escrow to be released upon signing contracts yielding in excess of four-million dollars ($4,000,000.00) of gross profit. In addition to the stock transfer, GRG will advance to the Company up to six- hundred thousand dollars ($600,000.00) and up to an additional one-million dollars ($1,000,000.00) within thirty (30) business days of Closing which will be used specifically for working capital for the Company. In addition, one (1) seat will be made available and will be filled immediately on the Board of Directors of GRG by a designated individual of the Company.
