Common use of Fixed Purchase Price Clause in Contracts

Fixed Purchase Price. Subject to the terms and conditions defined herein, Buyer agrees to pay to Seller by wire transfer to the account mentioned in Schedule 3.1 the aggregate amount of USD [***] divided into five installments and on the respective dates as described hereinafter: · [***] (payable on Signing Date); · [***] (payable 90 Business Days after Signing Date); · [***] (payable on Closing Date); · [***] (payable 60 Business Days after Closing Date); · [***] (payable 180 Business Days after Closing Date); (the sum of the items listed in this Section 3.1 being referred to as the “Fixed Purchase Price”).

Appears in 2 contracts

Sources: Asset Purchase Agreement (Aridis Pharmaceuticals, Inc.), Asset Purchase Agreement (Aridis Pharmaceuticals, Inc.)