Consideration to be Paid Sample Clauses

Consideration to be Paid. (a) The aggregate consideration to be paid by Purchaser to the Company under this Agreement shall be $2,200,000.00, which amount shall be allocated and payable as follows: (i) The sum of $1,900,000.00, shall be allocated to the purchase price of the Assets in a manner set forth on Schedule 1.2(a) hereto and shall be payable as hereinafter set forth. The sum of $302,273.00 shall be payable by Purchaser to the Company at the Closing, by wire transfer funds, and the balance of $1,597,727.00 shall be evidenced by Purchaser's negotiable promissory note made and delivered by Purchaser to the Company at Closing, in the form attached as Exhibit A hereto ("Promissory Note I"). (ii) The sum of $250,000.00 shall be allocated to the Company's, Xxxxxx Xxxxxx'x, Xxxxxx Xxxxxx'x and Xxxx Xxxxxx'x obligation to be bound by the Non-Competition Agreement in the form attached as Exhibit B. The sum of $39,772.50 shall be payable by Purchaser to the Company at Closing, by wire transfer funds, and the balance of $210,227.50 shall be evidenced by Purchaser's negotiable promissory note made and delivered by Purchaser to the Company at Closing, in the form attached as Exhibit C hereto ("Promissory Note-II"). (iii) The sum of $50,000.00 shall be allocated to Xxxxxx'x obligation to provide consulting services to Purchaser pursuant to the provisions contained in the Consulting Agreement in the form attached as Exhibit D. The sum of $7,954.50 shall be payable by Purchaser to the Company at Closing by wire transfer funds, and the balance of $42,045.50 shall be evidenced by Promissory Note-II. (b) Promissory Note-I shall provide for interest at the rate of 11.2743% per annum. The principal sum of $1,597,727.00 plus accrued interest thereon, shall be payable in twenty-five equal quarterly installments of $89,909.08, with the first quarterly installment being due and payable on the first day of April, 1998, and with the subsequent quarterly payments being due and payable on the first day of each July, October, January and April of each year thereafter until paid in full. (c) Promissory Note-II shall not bear interest and shall be payable in twenty-five equal quarterly installments of $10,090.92, with the first quarterly installment being due and payable on the first day of April, 1998, and with the subsequent quarterly payments being due and payable on the first day of each July, October, January and April of each year thereafter until paid in full. (d) Each Promissory Note shall provide ...

Consideration to be Paid. As consideration and satisfaction of all claims arising with regard to the Parties, and in exchange for the Releasing Parties’ exchange of the Warrants as provided for herein and cancelation of the Debentures, and any amounts due thereunder, Truli shall pay the Holders an aggregate of $481,337, as payment in full of the Outstanding Amount, subject to the condition contained herein, as follows: (a) Truli shall make a one-time payment of three hundred one thousand three hundred thirty seven dollars ($301,337) (“Initial Payment”) to the Holders as provided for on Schedule A, within three days of the execution of this Agreement. This payment shall be applied as a reduction in the Outstanding Amount. Additionally, upon making the Initial Payment, the Holders agree to waive $174,474 in Interest and Penalties so the Outstanding Amount immediately after such payment will be $304,702. (b) Truli shall further pay an aggregate of one hundred eighty thousand dollars ($180,000) to the Holders on a pro-rata basis, as described in Schedule A in equal monthly payments of seven thousand five hundred dollars ($7,500) over a twenty-four (24) month period (“Recurring Payments”). The first of the Recurring Payments shall be due on October 10, 2014, and subsequently due on the 10th day of each month thereafter until fully paid. Each of the Recurring Payments shall be applied to pay down the Outstanding Amount. Upon payment of all the Recurring Payments, without an Event of Default, the Holders agree to waive any remaining Outstanding Amount, including any accrued Interest as provided for in Section 2(d). (c) In the event a payment in excess of the Recurring Payment is made during any month, the remaining Outstanding Amount shall be re-amortized over the number of remaining Recurring Payments and the amount of future Recurring Payments shall be adjusted. (d) Interest shall accrue on the balance of the Outstanding Amount at an annual rate equal to ten percent (10%) (“Interest”)

Consideration to be Paid. Simultaneously with the full execution of this Agreement, Xxxxxx shall return, transfer and convey to CCI 800,000 "restricted" shares of CCI common stock (collectively, the "Settlement Shares"). Xxxxxx shall physically deliver to CCI the stock certificate(s) evidencing his ownership of the Settlement Shares, and shall properly endorse said certificate(s) to CCI. Further, as set forth more fully in Section 9 below, Xxxxxx shall also waive, discharge and release any and all claims and causes of action he may have against CCI in connection with the Exchange Agreement, the Representations and Warranties and the work Xxxxxx performed for CCI prior to the effective date of this Agreement. In addition, Xxxxxx shall pay all of the debts specifically listed on the attached Exhibit A, which is incorporated herein by this reference. As set forth more fully in Section 8 below, CCI shall waive, discharge and release any and all claims and causes of action it may have against Xxxxxx in connection with the Exchange Agreement, the Representations and Warranties and the work Xxxxxx performed for CCI prior to the effective date of this Agreement. Further, promptly following the full execution of this Agreement, CCI shall return to Xxxxxx each item of personal property listed on the attached Exhibit B, which is incorporated herein by this reference.

Consideration to be Paid. In full consideration for the Equipment, and subject to the terms and conditions of this Agreement, Buyer shall pay to Seller the aggregate sum of Two Hundred Thousand US Dollars ($200,000.00) (the “Purchase Price”) as follows:

Consideration to be Paid. A.) AMLH agrees to pay to Sellers the sum of $250.00 upon execution hereof. Receipt of said payment is acknowledged by Sellers.

Consideration to be Paid. In full consideration for the Equipment, and subject to the terms and conditions of this Agreement, Buyer shall pay to Seller the aggregate sum of Two Hundred Thousand US Dollars ($200,000.00) (the “Purchase Price”) as follows: (a) Five Thousand US Dollars ($5,000.00) upon full execution of this Agreement; (b) Ninety-five Thousand US Dollars ($95,000.00) on or before October 31, 2006; (c) Fifty Thousand US Dollars ($50,000) on or before April 30, 2007; and (d) Fifty Thousand US Dollars ($50,000) on or before October 31, 2007. Each payment shall be in immediately available funds by wire transfer to such account as Seller may designate.

Consideration to be Paid. (i) At and as of the Effective Time, by virtue of the Merger and without any action on the part of Merger Sub, the Company or the holders of Company Units, upon the terms and subject to the conditions set forth in this Section 1.6 and throughout this Agreement, each outstanding Company Unit (other than any Dissenting Unit) shall be cancelled and extinguished and be converted automatically into the right to receive the following:

Consideration to be Paid the Agreement is amended as follows: The total fee to be paid by Board to the Consultant is amended to be Ninety-Three Thousand Dollars ($93,000.00) as consideration for the performance of all services that the Consultant is required to perform under Exhibit A to the Agreement dated March 21, 2006 and the additional services that the Consultant is required to perform pursuant to this Addendum. All other provisions of Paragraph 2 of the Agreement remain unchanged.

Consideration to be Paid. As consideration for the Assets, and subject to the terms and conditions of this Agreement, the aggregate purchase price shall be Thirty-Three Million Dollars ($33,000,000.00) (the "Purchase Price") payable as follows on the Closing; provided that the Letter of Credit has been delivered into an escrow satisfactory to Purchaser: (a) to order of the Company for deposit with Wellx Xxxgo Bank, National Association Account No. 4375688967, the amount of Five Million One Hundred Thousand Dollars ($5,100,000.00) in immediately available funds by wire transfer; (b) to Mellon Bank, N.A., as Escrow Agent, the amount of One Million Dollars ($1,000,000.00) to be distributed in accordance with the Escrow Agreement attached hereto as Annex VIII (the "Escrow Agreement"); and (c) to order of the Company for deposit with Wellx Xxxgo Bank, National Association Account No. 4761000000, xxe amount of Twenty-Six Million Nine Hundred Thousand Dollars ($26,900,000.00) in immediately available funds by wire transfer.

Consideration to be Paid. The District hereby agrees to pay the Contractor consideration for the performance of the services that the Contractor is required to perform under Attachment A. During the term of this Agreement, payment for services and expenses will be paid monthly against invoices submitted by the Contractor to the District in accordance with the total cost and provisions set forth in Attachment B, a copy of which is attached hereto and incorporated herein by reference.