CONTRACT CONSIDERATION. Buyer shall deliver to Escrow Holder, in addition to and as part of Buyer’s delivery to Escrow Holder of the Initial Deposit, the sum of One Hundred Dollars ($100.00) (“Independent Contract Consideration”). Escrow Holder shall deliver the Independent Contract Consideration to Seller immediately following receipt from Buyer without the need for further instruction from the parties. The parties have bargained for and expressly agree that the rights and obligations of each party contained in this Agreement, including, without limitation, Buyer’s obligations to deliver the Independent Contract Consideration to Seller and the Initial Deposit to the Escrow Holder, constitute sufficient consideration for the other party’s execution, delivery, and obligations under this Agreement, including, without limitation, Buyer’s exclusive right to inspect and purchase the Property pursuant to this Agreement and all contingencies and conditions of Closing for the benefit of Buyer set forth in this Agreement.
CONTRACT CONSIDERATION. The parties have bargained for and expressly agree that the rights and obligations of each party contained in this Agreement, including, without limitation, Buyer’s obligation to deliver the Initial Deposit to Escrow Holder, constitute sufficient consideration for the other party’s execution, delivery and obligations under this Agreement, including without limitation, Buyer’s exclusive right to inspect and purchase the Membership Interests pursuant to this Agreement and all contingencies and conditions of Closing for the benefit of Buyer set forth in this Agreement.
CONTRACT CONSIDERATION. In addition to the Announced Base Milk Price, you will be paid the Contract Consideration Payment for each month on all the milk provided you have supplied to the Milk Co- operative for that month. The Contract Consideration Payment for a month will be calculated as follows: $A = B x C $A is the Contract Consideration Payment for the relevant month. B is the amount of milk in litres supplied by you for the relevant month. C is the rate specified in Item 6.
CONTRACT CONSIDERATION. Simultaneously with its deposit of the Xxxxxxx Money, Buyer shall deposit with Title Company cash in the amount of One Hundred Dollars ($100.00) as independent consideration for this Agreement (“Contract Consideration”), which Contract Consideration shall be non-refundable.]
CONTRACT CONSIDERATION. Notwithstanding anything in this Agreement to the contrary, in any event where the Deposit, or any part thereof, is to be returned to Buyer, ONE HUNDRED DOLLARS ($100.00) thereof shall be paid by Escrow Agent to Seller as consideration for the rights and privileges granted to Buyer herein thus making this Agreement the valid and binding obligation of Buyer and Seller even though Buyer may have certain unilateral termination rights during certain periods under this Agreement.
CONTRACT CONSIDERATION. It is expected that the contract shall be a professional services agreement after negotiation.
CONTRACT CONSIDERATION. If Buyer terminates this Agreement strictly in accordance with Buyer’s right to terminate under Section 3.4, Section 5, or Section 8.2 of this Agreement, then notwithstanding anything to the contrary herein, the Deposit will be immediately refunded to Buyer less $100, which will be paid to Seller as consideration for Buyer’s right to terminate.
CONTRACT CONSIDERATION. 11.1. Subject to the provisions of Claus 7.אצמנ אל הינפהה רוקמ !האיגש, HPC hereby agrees to pay to the Supplier the prices detailed in the Supplier's Commercial Proposal in consideration of the performance by the Supplier of all or the respective portion of its obligations hereunder, as specified in the Payments Schedule, Attachment 1, and in accordance with the terms and conditions of the Contract.
11.2. The Contract Consideration is inclusive of all risks and costs incurred in connection with the Deliverables, including, but not limited to, Detailed Characterization, Conceptual Design, Detailed Design, manufacture, supply, Stand-up Equipment Installation, configuration, Commissioning, integration and testing, training and handing over, of the Deliverables, and defect rectification thereof, and is not subject to any alteration, except in the event of a Change in the Deliverables pursuant to Clause 38, or as otherwise provided for in the Contract.
11.3. All payments, bank guarantees or any other sums relevant to the Contract shall be calculated and paid in Euro, unless otherwise explicitly provided for in this Contract.
11.4. The Supplier shall be deemed to have satisfied itself as to the correctness and sufficiency of the Consideration, which shall, except as otherwise provided for in the Contract, cover all its obligations hereunder.
CONTRACT CONSIDERATION. 3.1 The total consideration for all contractual services shall be $80,050.00 in cash and $80,050.00 worth of stock options in SSP Stock Options determined as follows: The common stock option number will be calculated based on the average closing share price (ACSP) in the 20 days of trading prior to deliver of the final product. The exercise price will be 50% of the 20 day average closing price as quoted on the OTCBB listing. The number of options issued will be calculated by this formula: 2 x $80,050 / ACSP. The options have a term of five years and conform to the standard SSP consultant option policy as far as additional terms and details. The Stock Options shall be issued to STEEL BEACH at the time of acceptance of the Final Product. This is a firm-fixed fee contract with progress payments for product deliverables as described herein.
3.2 A 25% deposit ($20,012.50) is due with the signing of the contract. Deposits in the amount of $20,012.50 have been received and applied to this requirement.
3.3 Progress payment pursuant to this contract will be made as described below:
3.3.1 Payment for Prototype - $25,012.50
3.3.2 Payment for Preliminary Product - $27,025.00
3.3.3 Payment for Final Product - $8,000.00
3.4 Payment will be handled by submission of invoice by STEEL BEACH to G. Xxxxxxx Xxxx at SSP at 0000 Xxx Xxxxxxx, Xxxxxxxx, XX 00000 for each deliverable described in Articles One and Three. All payments are NET 10-day terms from receipt of deliverable with accompanying invoice presented by STEEL BEACH to SSP. Interest shall accrue at 1.5% per month for late invoice payments.
3.5 A proposed Product Development Schedule for deliverables will be submitted by STEEL BEACH to SSP. The preliminary development effort is estimated at 90 days fro the project kickoff meeting. Both parties shall agree, in writing, to the schedule developed by STEEL BEACH ad presented to SSP.
CONTRACT CONSIDERATION. In addition to the Earnest Money Deposit, Purchasex xxxxx pay to Seller the sum of $100.00 as independent contract consideration for Seller's execution and delivery of this Contract and all provisions of the Contract, including Purchaser's right to terminate this Contract during the Inspection Period. This independent contract consideration is in addition to and independent of any other consideration or payment provided in this Contract and is non-refundable to Purchaser.