Payment for Inventory. (a) Nano is purchasing the inventory described in Schedule A-1 (the “Purchased Inventory”) for $2,014,000, subject to adjustment after Closing pursuant to Section 1.6(c) hereof (the “Purchased Inventory Purchase Price”). Nano shall pay for the Purchased Inventory in the manner described in this Section. Within ten (10) days after the end of the month in which Nano receives payment on the sale by Nano of each Automated Interferometer System that includes Purchased Inventory, Nano shall pay to Zygo an amount equal to the price paid to Nano by Nano’s customer for such entire system (adding back the dollar amount of any set-offs or other types of credits, or reductions to the purchase price actually applied, for amounts Nano may otherwise owe to such customer) but reducing such by the cost of the Head included in the Automated Interferometer System (which will be paid for in accordance with the Supply Agreement), to be applied toward the Purchased Inventory Purchase Price, until the total Purchased Inventory Purchase Price has been paid in full, and thereafter to the Demo Equipment Purchase Price (as defined below) until such amount has been paid in full. For example, if Nano sells an Automated Interferometer System for $1,200,000 that includes any Purchased Inventory, and the outstanding balance of the Purchased Inventory Purchase Price exceeds $1,200,000 at the time of such sale, then Nano shall pay to Zygo the amount of $1,200,000 less the cost of the Head included in such System (which will be paid for in accordance with the Supply Agreement) within ten (10) days after the end of the month in which Nano receives payment from Nano’s customer, and such amount shall be applied toward the outstanding balance of the Purchased Inventory Purchase Price.
Payment for Inventory. Xxxxxx & Noble will pay USF for all inventories within 30 days after the execution of this Agreement.
Payment for Inventory. The Company and Purchaser acknowledge and agree that the Company is assigning to Purchaser, in connection with the Closing, the Company's inventory of Products. The Company agrees to account and pay for such inventory in accordance with the procedure set forth on Exhibit E.
Payment for Inventory. Payments in the total aggregate amount of $829,232 cash were made by the Partnership to the Contributor prior to the Closing as full consideration for the acquisition by Partnership of the Inventory. Accordingly, the net amount of the cash component of the Consideration due to the Contributor in connection with the Closing is $3,467,554, subject to the other provisions of this Section 3.
Payment for Inventory. Subject to the terms and conditions of this Termination Agreement, in consideration for the Inventory to be transferred and conveyed to XenoPort under the terms of this Termination Agreement, XenoPort shall pay GSK a total of Six Million Dollars (US$6,000,000), in six equal installments of One Million United States Dollars (US$1,000,000) each, as follows: The first such payment shall be due by June 30th of each of calendar years 2016 through 2021. For clarity, it is understood that no payment shall be due under this Section 6.2 prior to June 30, 2016 or after June 30, 2021, and that no more than a total of US$6,000,000 in the aggregate shall be due under this Section 6.2. XenoPort shall be solely responsible for the payment of all Transfer Taxes incurred in connection with the transfer and assignment of the Inventory as set forth in this Termination Agreement.
Payment for Inventory. Promptly after the delivery of the two machines referred to in paragraph 5.2 hereof, Buyer shall take delivery of Seller's remaining unused inventory selected by Buyer, and Seller shall bill Xxxer in accordance with the amounts shown on its inventory list at Buyer's cost for such inventory. Buyer shall be responsible for the cost of shipping such inventory (including the cost of insurance, if desired).
Payment for Inventory. The Buyer shall pay to the Seller an amount equal to the amount paid by the Seller (cost) for all of Seller’s Inventory (as defined below) that is on hand as of the Closing Date;
Payment for Inventory. Vendor shall cooperate with Adobe to sell and/or move Inventory to either Adobe or Adobe’s designated alternate vendor such that the sale and/or move may be completed within 30 days of the termination or expiration of the Term. Adobe shall have no obligation to purchase Inventory, unless prior to termination or expiration of the Term, said Inventory has been purchased by Vendor pursuant to the Build Plan (i.e. 60 day forecast).
Payment for Inventory. The price paid by P-USA for the Inventory as set forth on Exhibit C and as determined in accordance with Section 2.7.
Payment for Inventory. InterMune shall pay ALZA [*] on the Closing Date in consideration for transfer of the Inventory to InterMune except for such of the Inventory which was manufactured in December 2000, for which InterMune will pay ALZA [*] upon ALZA's completion of testing and approval for further use of such quantities manufactured in December.
