Price For Non-Inventory Clause Samples
Price For Non-Inventory. Subject to adjustment as herein provided, the price payable by the Seller to the Buyer or by the Buyer to the Seller, as the case may be, in connection with the sale and transfer of the Assets (other than the Inventory) shall be as specified in this Section 2.1 and shall be paid in cash at closing (the “Total Price”). The Total Price is as follows:
(a) For the Assets (exclusive of Liquor Licenses) relating to the Category A Locations, the sum of Six Million Three Hundred Thousand Dollars ($6,300,000) (the “Category A Price”) from Seller to Buyer, allocated among the Category A Locations as specified in attached Exhibit C.
(b) For the Assets (exclusive of Liquor Licenses) relating to the Category B Locations, the sum of Seven Million Five Hundred Thousand Dollars ($7,500,000) (the “Category B Price”) from Buyer to Seller, allocated among the Category B Locations as specified in attached Exhibit C.
(c) For the Liquor Licenses which Buyer elects to purchase, the sum of the amounts allocated to such Liquor Licenses as specified in attached Exhibit C (the “Liquor License Price”).
