Payment for Assets. The consideration due Optionor by Optionee for the purchase of the Assets (the “Purchase Price”) shall be either (i) a cash payment (“Cash Payment”), or (ii) a volumetric production payment (“Volumetric Production Payment”), to be determined as set forth below.
Payment for Assets. 13.1 [The Company shall pay to the Council the full amount of the lease payment due in respect of any cars that the Original Employees have leased from the Council.
Payment for Assets. (a) As payment in full for the Assets being acquired by the Buyer hereunder and the non-compete covenants set forth in Section 13(d) hereof, Buyer shall pay to the Company (and Company shall receive such payment on behalf of the Sellers) in the manner set forth in this Section 2, (i) the Merchandise Inventory Value, plus the Trade Receivables Value, plus the Prepaid Asset Value, plus the Fixed Asset Value, plus $10,000 in respect of the non-compete covenants set forth in Section 13(d), plus $315,000 in respect of goodwill, less (ii) the face value of all trade accounts payable and accrued expenses and other liabilities and obligations that are assumed at the Closing by the Buyer under Section 1(g)(A) and 1(g)(C) less accrued vacation and sick pay through the Closing of the business employees of the Sellers, but subject to further adjustment as provided in Section 3 (such amount, as so adjusted from time to time, is referred to herein as the “Purchase Price"). It is expressly understood by the parties that the Purchase Price will not be adjusted downward in the event Sellers, after using their best efforts, fail to obtain the necessary consents required to assign the Kohler Distribution Agreement.
Payment for Assets. Buyer shall purchase the Assets for a maximum aggregate purchase price (the "Purchase Price") of Four Million Seven Hundred Fifty Thousand Dollars ($4,750,000.00), payable in accordance with Section 1.6 hereto, subject to post-closing adjustment in accordance with Section 1.7 hereto.
Payment for Assets. (a) As payment in full for the Assets being acquired by the Buyer hereunder and the non-compete agreements referred to in Section 7(c) hereof, Buyer shall pay to the Company (and Company shall receive such payment on behalf of the Sellers) (the "Purchase Price") in the manner set forth in this Section 2
Payment for Assets. Buyer shall purchase the Assets for a purchase price (the "Purchase Price") of Four Million Nine Hundred Forty Six Thousand, Eight Hundred and 00/100 Dollars ($4,946,800.00), payable in accordance with Section 1.6 hereto, and the Earnout specified below.
Payment for Assets. On the execution of this Agreement, the Buyer shall pay to the Company a down payment in the sum of $350,000.00 (the "Down Payment") to Xxxxxx X. Xxxxxx, Esq., as Escrow Agent (the "Escrow Agent") payable by wire transferred funds or other good and sufficient funds. Also on the execution of this Agreement, the Company shall deposit the sum of $350,000.00 (the "Xxxxxxx Payment") with Xxxxxx X. Xxxxxx, Esq., as Escrow Agent (the "Escrow Agent") payable by wire transferred funds or other good and sufficient funds. The Down Payment and the Xxxxxxx Payment shall be held by the Escrow Agent pursuant to the terms and conditions of this Agreement.
Payment for Assets. The “Purchase Price” for the Assets to be paid at Closing shall be (i) five million two hundred thousand (5,000,000) shares of the Buyer’s publicly traded common stock, and (ii) any profits generated post-closing by the Assets conveyed will be distributed as follows: 50.1% to GDSI; 48.4% to Gxxx Xxxx: 1.5% to Bxx Xxxxxxxxx.
Payment for Assets. The purchase money that may be due and owing for the purchase of the assets of National Ozone, as determined pursuant to paragraph 1, shall be paid to National Ozone Water Corp. as follows:
