PAYMENT FOR EQUIPMENT Sample Clauses

PAYMENT FOR EQUIPMENT. Prior to or simultaneously with the execution of this Agreement, Buyer has deposited with The Escrow Forum, in Lake Forest, California, a $150,000.00 ▇▇▇▇▇▇▇ money deposit to be applied against the purchase of the Equipment. The Escrow Forum shall deposit that $150,000.00 ▇▇▇▇▇▇▇ money deposit in an interest bearing account. At Closing, that entire $150,000.00 ▇▇▇▇▇▇▇ money deposit, together with all interest earned on that ▇▇▇▇▇▇▇ money deposit, shall be credited against the purchase price for the Equipment. The balance of the purchase price for the Equipment shall be paid in full at Closing.

PAYMENT FOR EQUIPMENT. The purchase price for the Equipment shall be paid as follows: (1) Prior to or simultaneously with the execution of this Agreement, Buyer is making an ▇▇▇▇▇▇▇ money deposit to Capital City Escrow, Inc., in Sacramento, California, in the amount of $500,000.00, which ▇▇▇▇▇▇▇ money deposit, together with all interest earned thereon, shall be credited at Closing against the purchase price for the Equipment. (2) The balance of the purchase price for the Equipment shall be paid in full at Closing.

PAYMENT FOR EQUIPMENT. Except for the Initial Order, which shall be paid according to section 7.2.1, payment for Equipment ordered pursuant to a Purchase Order shall be paid by Customer to P2O by certified check, wire transfer or other secured payment instrument as agreed to between the parties, and paid in three (3) installments as follows: 8.2.1. The first installment for forty five percent (45%) of the total price shall be due within five (5) calendar days of when Equipment are ordered. The second installment shall be due when goods are delivered and accepted, or deemed accepted, by Customer as provided in Section 6 and shall be in an amount equal to forty five percent (45%) of the total Price under the corresponding Purchase Order. 8.2.2. The final installment for the ten percent (10%) balance of the Price for Equipment shall be made within five (5) calendar days of when the Technology Consultant (defined below) certifies that the Equipment for which payment is due are installed and functioning or capable of functioning at the Minimum Performance Levels established for such Equipment by providing a Certificate of Functionality in the form attached hereto as Attachment 2 or in such other form as mutually agreed by the parties (a “Certificate of Functionality” or “COF”). Notwithstanding the foregoing, if, within sixty (60) calendar days after delivery of any Equipment, P2O has not received either (i) a COF for such Equipment; or (ii) written notice of the reason(s) why a COF cannot be issued (as detailed in Section 8.2.3 below) for such Equipment, the COF will be deemed issued with respect to such Equipment, and payment of the balance of the Price therefor shall be made within five (5) days of the date of the COF. 8.2.3. Customer agrees to cause the Technology Consultant, who shall be Customer’s agent, to diligently and expeditiously examine, review and test the Equipment and their operation for the purpose of seeking to issue one or more COFs, as applicable, and to promptly issue all such COFs that are capable of being issued. If the Technology Consultant determines that a COF cannot be issued for Equipment delivered pursuant to this Agreement, the Technology Consultant shall promptly inform P2O and Customer accordingly, providing in such notice a reasonable detailed explanation of why a COF cannot be issued for the Equipment in question, and upon receipt of such notice, P2O shall have the option of: (i) making such modifications, repairs or replacements to the subject Equipm...

PAYMENT FOR EQUIPMENT. In connection with any such assignment as ---------------------- described in Paragraph 8.1, Mesa shall pay, subject to paragraph 6.4 to CIG the remaining net book value of CIG's interest in any wells and in the salvable cas▇▇▇, well and surface equipment on the assigned acreage.

PAYMENT FOR EQUIPMENT. As of the Commencement Date of any Loan, the Borrowers have paid or caused to be paid 25% of the purchase price of each item of Equipment to the Supplier.

PAYMENT FOR EQUIPMENT. The purchase price for the Equipment shall be paid as follows: (1) Prior to or simultaneously with the execution of this Agreement, Buyer is making an ▇▇▇▇▇▇▇ money deposit to Chicago Title Company, in Redding, California, in the amount of $500,000.00, which ▇▇▇▇▇▇▇ money deposit, together with all interest earned thereon, shall be credited at Closing against the purchase price for the Equipment. (2) The balance of the purchase price for the Equipment shall be paid in full at Closing.

PAYMENT FOR EQUIPMENT. In further consideration of this Agreement, Employer shall pay to Employee the sum of FIFTEEN THOUSAND AND NO/100THS ($15,000.00) Dollars in payment for certain equipment provided to Employer. This payment shall be made to Employee simultaneously with the Severance Payment described in Paragraph 2(a) above, provided Employee has executed and not revoked this Agreement as set forth herein.

PAYMENT FOR EQUIPMENT. (a) Customer shall pay to Winstar the amount set forth in Schedule A-1 for the Equipment, which shall be secured pursuant to Schedule M-6.2 to the Master Agreement. (b) Customer shall make payment to Winstar for the initial batch of Equipment in the manner provided in Schedule A-2 and detailed in the purchase order attached hereto as Schedule A-3. For all subsequent batches of Equipment, Customer shall pay Winstar a Thirty percent (30%) down payment, with the remaining amount due quarterly, on the Fifteenth (15th) day of the last month of the quarter, over a six (6) year period at an interest rate of Eleven percent (11%) per anum. (c) If Customer fails to pay any amount due within fifteen (15) days of the date due, at the option of Winstar, the full amount remaining unpaid under this Agreement shall become immediately due and payable without presentment, demand or notice of any kind; and Winstar may exercise any or all remedies available to it under applicable law and the Transaction Documents. In addition, Customer shall pay to Winstar on demand a late charge equal to eighteen percent (18%) of the amount due. (d) Customer shall be responsible for all sales and/or use or similar taxes that may be due as a result of the transfer of the Equipment.

PAYMENT FOR EQUIPMENT. The aggregate purchase price for the Equipment being purchased by Buyer from Seller shall be paid in full at Closing.