DEPOSIT TOWARDS PURCHASE PRICE Sample Clauses

DEPOSIT TOWARDS PURCHASE PRICE. Purchaser acknowledges and understands that by entering into this Agreement, Seller has forgone a profitable opportunity to cause the Company to enter in to an agreement for the sale of substantially all of the Company's assets. Accordingly, as a covenant independent of the Closing (as defined below), on the date hereof, Purchaser shall pay Seller in good funds by wire transfer to an account or accounts designated by Seller or, in the absence of such designation, by certified or bank cashier's checks payable to Seller delivered to Seller's address set forth above, the sum of Four Hundred Thousand Dollars [$400,000] (the "Payment Upon Execution"). If Purchaser shall not pay when due the Payment Upon Execution, Seller may terminate this Agreement and either exercise any and all remedies available to Seller hereunder, at law or in equity or retain as liquidated damages the Payment Upon Execution. Notwithstanding anything herein to the contrary, the Payment Upon Execution shall be deemed earned by Seller as of the date of this Agreement and shall not be refundable to Purchaser under any circumstances whatsoever.
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Related to DEPOSIT TOWARDS 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.

  • Cash Purchase Price The term "Cash Purchase Price" shall have the meaning set forth in Section 2.3(a).

  • Purchase Price; Deposit (a) The purchase price for the Property is AND 00/100 DOLLARS ($ ) (the “Purchase Price”), payable as follows:

  • Deposit of Repurchase Price On or prior to the Repurchase Date, the Company shall deposit with the Trustee or with a Paying Agent (or, if the Company is acting as its own Paying Agent, segregate and hold in trust as provided in Section 10.03) an amount of money sufficient to pay the Repurchase Price of the Securities which are to be repaid on the Repurchase Date.

  • Aggregate Purchase Price The aggregate purchase price for the Notes (the “Aggregate Purchase Price”) shall equal the result of (x) divided by (y), where (x) equals the Aggregate Principal Amount and (y) equals 1.25. Each date upon which a Closing occurs is a “Closing Date”.

  • Base Purchase Price Buyer agrees to pay for the Assets the total sum of Thirty Million and No/100 Dollars ($30,000,000.00) (“Base Purchase Price”) to be paid by direct bank deposit or wire transfer in same day funds at the Closing, subject only to the price adjustments set forth in this Agreement.

  • Purchase Price Payment The total Purchase Price for the Property is the amount of the successful bid for the parcel at public auction.

  • Purchase Price and Deposit The total purchase price (“Purchase Price”) for the Property shall be an amount equal to $46,010,000.00, payable by Purchaser, as follows:

  • Closing Purchase Price Buyer shall have delivered the Closing Purchase Price in accordance with Section 2.5. ARTICLE VII

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

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