Deferred Purchase Sample Clauses
A Deferred Purchase clause establishes that the buyer will acquire goods, services, or assets at a future date rather than immediately upon contract execution. Typically, this clause outlines the timing, conditions, and payment terms for the future purchase, such as specifying a delivery date or milestone that triggers the transaction. Its core practical function is to provide flexibility for both parties by allowing the buyer to delay acquisition until a specified event or time, which can help with cash flow management or align the purchase with operational needs.
Deferred Purchase the purchase of a Seller’s Product made by the Customer through the Service.
Deferred Purchase. (a) China.
(i) The purchase and sale of the China Purchased Assets and the transfer and assumption of the China Assumed Liabilities (the “China Transfer”) shall be effected pursuant to a separate purchase and sale agreement, the form of which is attached as Exhibit H (the “China Purchase Agreement”), provided that the terms of this Agreement shall apply to the China Transfer and prevail in the event of any inconsistency.
(ii) The parties shall cause the China Transfer to occur at the Closing, except as specified in this Section 2.14(a).
(iii) To facilitate satisfaction of the conditions precedent in Section 3 of the China Purchase Agreement, Buyer Parent or its Affiliate may contribute registered capital into the designated Asset Buyer prior to the Closing.
(iv) If the conditions precedent specified in Section 3 of the China Purchase Agreement are not satisfied on or prior to the Closing, then, unless mutually agreed in writing otherwise by Buyer Parent and Seller Parent, provided that the purchase and sale of all other Purchased Assets has occurred, including the Malaysia Transfer, (A) the China Transfer shall be delayed and not occur at the Closing but shall instead occur within five (5) PRC Business Days of the conditions precedent specified in Section 3 to the China Purchase Agreement having been satisfied or waived in writing by Buyer Parent (the “China Transfer Date”) and the parties shall cause the China Transfer Date to be the closing date established pursuant to the China Purchase Agreement; (B) the portion of the Purchase Price allocable to the China Purchased Assets and the China Assumed Liabilities, as such amount is agreed upon in writing by Buyer Parent and Seller Parent, shall be remitted by Buyer Parent to an escrow agent mutually agreed to in writing by Buyer Parent and Seller Parent, such escrowed funds to be released either (1) to the appropriate Asset Buyer on a date on or prior to the anticipated China Transfer Date that is mutually agreed by the parties as necessary to satisfy applicable regulatory requirements, such funds to be held by such Asset Buyer pending remittance to the designated Asset Seller on the China Transfer Date, or (2) to Buyer Parent on the first Business Day subsequent to the China Transfer Date if such escrowed funds were not necessary to effect the China Transfer because Buyer Parent or its Affiliates have contributed sufficient registered capital into the designated Asset Buyer prior to the Closing Date in accor...
Deferred Purchase. The governance entity has the right, on the terms and conditions set out in part 4 of the provisions schedule, to purchase the deferred selection properties described in subpart H of part 4 of the provisions schedule.
Deferred Purchase. At the Deferred Closing, Purchasers shall purchase from Sellers, and Sellers shall sell to Purchaser, the balance of the Company Equity for a payment of $7,000,000 plus the issuance of the Shares. As a result of the Deferred Purchase, Purchase shall own all of the outstanding equity interest in LD and all of the outstanding capital stock of Medical.