PAYMENT OF PUT PURCHASE PRICE AND DELIVERY OF CLASS A MEMBERSHIP INTEREST Sample Clauses

PAYMENT OF PUT PURCHASE PRICE AND DELIVERY OF CLASS A MEMBERSHIP INTEREST. Upon the Class A Member's exercise of its Put Right, the Class B Member shall immediately pay the Put Purchase Price to the Class A Member in a single lump sum cash payment. In the event the Class B member does not immediately pay some or all of the Put Purchase Price, such amount shall be paid by MHG, Nicholas Cocco, or Richard Pxxxxxx (xxx xxxegoing xxxxxxxxxxxx the "Guarantors"). The Guarantors shall execute guaranty's in favor of the Class A Member in the form attached hereto as Exhibits D-1, D-2 and D-3. Upon the Clasx X Xxxxer's receipt of the Put Purchase Price, it shall deliver its Membership Interest (or the applicable portion thereof) in the Company to the Class B Member free and clear of all liens, claims and other encumbrances.
Sample 1
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Related to PAYMENT OF PUT PURCHASE PRICE AND DELIVERY OF CLASS A MEMBERSHIP INTEREST

  • Payment of Purchase Price The Purchase Price shall be paid as follows:

  • Purchase Price; Payment of Purchase Price In addition to the Assumed Liabilities described below, the aggregate consideration for the Subject Assets (the “Purchase Price”) shall be the amount equal to: $2,000,000. The Purchase Price shall be subject to adjustment as set forth in Section 1.7 below as so adjusted.

  • Delivery of Purchase Price The Purchase Price for the Securities shall have been delivered to the Company on the Closing Date.

  • Purchase Price; Allocation of Purchase Price (a) Subject to the terms and conditions of this Agreement, the purchase price for the Interests and the Purchased Assets (other than the Specified OUS Assets) (such amount, the “Purchase Price”) is payable as follows:

  • The Purchase Price Notwithstanding the termination of the Option, Grantee will be entitled to exercise its rights under this Section 6(c) if it has exercised such rights in accordance with the terms hereof prior to the termination of the Option.

  • Agreement to Subscribe Purchase Price (i) SELLER and BUYER are executing and delivering this Agreement in reliance upon the exemption from securities registration afforded by Rule 506 under Regulation D ("Regulation D") as promulgated by the United States Securities and Exchange Commission (the "Commission") under the Securities Act; and

  • Cash Purchase Price The term "Cash Purchase Price" shall have the meaning set forth in Section 2.3(a).

  • Subscription and Purchase Price (a) The total sum of the Purchase Price plus the Subscription Price for the Xxxxxxxx Shares shall be Reais Equivalent to U.S.$114,000,000.00 (One hundred fourteen Million U.S. Dollars plus R$8,000,000 (eight million Reais). Such payments shall not be adjusted by profits and losses of the Newco (in the ordinary course of business) as of the date of the Transfer of the Business.

  • Closing Purchase Price The Closing Purchase Price (the "Closing Purchase Price") shall be paid or delivered by Buyer at Closing in the following manner:

  • Purchase, Sale and Delivery of the Units (a) On the basis of the representations, warranties and covenants herein contained, and subject to the conditions herein set forth, the Company agrees to sell to the Underwriters and each Underwriter agrees, severally and not jointly, to purchase, at a price of $7.44 per Unit, the number of Firm Units set forth opposite the name of each Underwriter in Schedule I hereof, subject to adjustments in accordance with Section 9 hereof.

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