Eighty Five Clause Samples

Eighty Five. Thousand Dollars (US$85,000) Upon the fourth (4th) anniversary of the Minimum Royalty Payment Date

Eighty Five. (85%) percent of the Net Face Amount of Borrower's Eligible Accounts, plus the lesser of (1) Forty (40%) percent of the Value of Eligible Inventory, (2) $975,000.00 or N/A of the Net Face Amount of Borrower’s Eligible Accounts.

Eighty Five percent balance of the Purchase Price together with the 15 (Fifteen) percent shall be paid/released in full free of bank charges to the Sellers’ nominated account and bank on delivery of the Vessel concurrently with the Sellers providing to the Buyers with the agreed delivery documentation (which shall be agreed upon in an addendum to the MOA), and the Buyers and the Sellers signing of the protocol of delivery and acceptance, but not later than 3 (Three) banking days after the Vessel is in every respect physically ready for delivery in accordance with the terms and conditions of this agreement and valid notice of readiness has been given in accordance with clause 5 of this agreement. For the avoidance of doubt, the balance of Purchase Price and all other sums payable on delivery by the Buyers to the Sellers under this Agreement (the Balance) shall be escrowed in full free of bank charges to an account designated by the Deposit Holder, and be released to the Sellers nominated account. The Buyers and the Sellers shall share equally the fee payable to the Deposit Holder for the escrowing of the Balance.