Default Purchase Price and Terms Sample Clauses

Default Purchase Price and Terms. Any purchase of the Shares subject to a Default Purchase under this Section shall be purchased from the Shareholder making the Unauthorized Transfer or suffering an Involuntary Transfer or any unauthorized transferee for a price equal to multiplying the number of shares subject to the Unauthorized Transfer or Involuntary Transfer times the then existing Agreed Value, or if none the Appraisal Value for a Share of the Company at the time of the Unauthorized Transfer or Involuntary Transfer, less a 20% Default Purchase Right. This purchase price shall be payable 10% down and by delivering a non-recourse promissory note for the balance of the purchase price, bearing interest at the then prime rate of Bank of America, but not to exceed 8% and calling for payments based on 90% of the purchase price, payable .8% per month, plus simple interest at the stated interest rate on any outstanding unpaid balance.
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Related to Default Purchase Price and Terms

  • Purchase Price and Terms The Buyer agrees to purchase the Property by payment of $ ( Dollars) as follows: (check one) ☐ - All Cash Offer. No loan or financing of any kind is required in order to purchase the Property. Buyer shall provide Seller written third (3rd) party documentation verifying sufficient funds to close no later than , 20 at : ☐ AM ☐ PM. Seller shall have three (3) business days after the receipt of such documentation to notify Buyer, in writing, if the verification of funds is not acceptable. If Buyer fails to provide such documentation, or if Seller finds such verification of funds is not acceptable, Seller may terminate this Agreement. Failure of Seller to provide Buyer written notice of objection to such verification shall be considered acceptance of verification of funds.

  • Purchase Price and Terms of Payment A. The purchase price (“Purchase Price”) for the Property shall be Seven Million and 00/100 Dollars ($7,000,000.00) and shall be paid on the Closing Date by Federal funds wire transfer, in United States dollars.

  • Price and Terms of Payment 6.1 The Customer shall pay the Price in accordance with the Terms of Payment.

  • Payment of Purchase Price The Purchase Price shall be paid as follows:

  • Amount of Purchase Price The purchase price (“Purchase Price”) per Share for each Share which Optionee is entitled to purchase under the Options shall be $2.25 per Share.

  • Purchase Price; Payment of Purchase Price In addition to the Assumed Liabilities described below, the aggregate consideration for the Subject Assets (the "Purchase Price") shall be the amount equal to $1.00 (the "Purchase Price").

  • The Purchase Price If the sale of the Property is not subject to HST, Seller agrees to certify on or before (included in/in addition to) closing, that the sale of the Property is not subject to HST. Any HST on chattels, if applicable, is not included in the Purchase Price.

  • Purchase Price; Allocation of Purchase Price (a) The purchase price for the Purchased Assets and the Shares (the “Purchase Price”) is $3,000,000,000 (three billion dollars) in cash. The Purchase Price shall be paid as provided in Section 2.09 and shall be subject to adjustment as provided in Sections 2.09 and 2.11. Seller shall be treated as receiving a portion of the Purchase Price as agent for its Affiliates actually selling the Purchased Assets and the Shares consistent with the allocation of the Purchase Price pursuant to the Allocation Statement.

  • Purchase Price and Deposit The total purchase price ("Purchase Price") for the Property shall be an amount equal to $14,000,000.00, payable by Purchaser, as follows:

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