Goodwill Payment Sample Clauses
A Goodwill Payment clause outlines the terms under which one party may make a voluntary payment to another, typically as a gesture of goodwill rather than as a legal obligation. This clause often applies in situations where a party wishes to compensate for inconvenience, minor losses, or to maintain a positive business relationship, even though there is no formal liability. Its core function is to provide a mechanism for resolving minor disputes or maintaining goodwill without admitting fault or setting a legal precedent.
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Goodwill Payment. The Government acknowledges receipt prior to or upon execution of this Agreement of $ from the Company as a goodwill payment on the understanding that Government shall utilize the payment received o develop the institutions and expertise required at the local and national levels to effectively perform the activities of the Government under this Agreement. The Government shall quarterly report publicly on the specific expenditures of all funds received under this provision, starting 90 Days after the Effective Date of this Agreement.
Goodwill Payment. The Buyer hereby undertakes to procure that ---------------- immediately following Closing the Company repays to B.V. the amount of $1,903,385.50 outstanding and due from the Company to B.V. on Closing in respect of the sale by B.V. to the Company of all right title benefit and interest which B.V. may have in the goodwill of the business carried on by the Partnership (the "Goodwill").
Goodwill Payment. Buyer shall purchase the goodwill relating to the Companies' business by delivering the following amounts to JHT (the "Goodwill Payment"):
1.3.1 At Closing, $482,280 shall be delivered;
1.3.2 On February 1, May 1, August 1, and November 1 of 1999, $60,285 shall be delivered; and
1.3.3 On February 1, May 1, August 1, and November 1, of 2000, $60,285, minus the "Adjustment Amount," if applicable, shall be delivered. The Adjustment Amount is $31,408 and shall apply only if revenue generated from Buyer's service to ▇▇▇▇▇▇▇ is less than $3,120,000 for the period from Closing to the first anniversary of Closing.
Goodwill Payment. In consideration for the rights to the trade name, customer relationships and goodwill, Purchaser shall pay Seller the sum of $500,000, payable $200,000 at the Closing, and the balance of $300,000 in fifteen $20,000 monthly installments, commencing August 1, 2001 in accordance with the promissory note attached as Schedule 12 hereto.
Goodwill Payment. Goodwill payment means a payment, whether in monetary form or in the form of a benefit or service, by or on behalf of a provider to a complainant as an expression of goodwill aimed at resolving a complaint, where the provider does not accept liability for any financial loss to the complainant as a result of the matter complained about.
Goodwill Payment. Section 1.3 of the Asset Purchase Agreement among the parties is deleted in its entirety and replaced with new Section 1.3, which shall read as follows:
Goodwill Payment. Buyer shall purchase the goodwill relating to the Companies' business by delivering the following amounts to the Company designated by the Shareholders (the "Goodwill Payment"):
1.3.1 At Closing, $1,082,280 shall be delivered;
1.3.2 On February 1 and May 1, 1999, $35,285, shall be delivered;
1.3.3 On August 1 and November 1, 1999, $60,285 shall be delivered; and
1.3.4 On February 1, May 1, August 1, and November 1 of 2000, $60,285, minus the "Adjustment Amount," if applicable, shall be delivered. The Adjustment Amount is $31,408 and shall apply only if revenue generated from Buyer's service to ▇▇▇▇▇▇▇ is less than $3,120,000 for the period from Closing to the first anniversary of Closing."