Price Payable Sample Clauses

Price Payable. In this Article 8, the price payable is the price that is (or would be) payable by the buyer if the Petroleum were delivered by the Contractor and taken by the buyer, without set off, counterclaim or other withholding of any nature.
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Price Payable. The price payable by the Company to the DSME Builder pursuant to the Shipbuilding Contract as at Completion is USD 94,050,000 (ninety four million, fifty thousand US dollars) (which amount includes USD 1,200,000 (one million, two hundred thousand US dollars) of extras, but excludes buyer’s supplies as defined in the Shipbuilding Contract). (a) Indebtedness The Company does not have outstanding nor has it incurred or agreed to incur any Indebtedness.
Sample 1Sample 2See All (5)
Price Payable. The price payable by the Company to the HHI Builder pursuant to the Shipbuilding Contract as at Completion is USD 94,475,000 (ninety four million, four hundred and seventy five thousand US dollars) (which amount includes USD 900,000 (nine hundred thousand US dollars) of extras, but excludes buyer’s supplies as defined in the Shipbuilding Contract). (a) Indebtedness The Company does not have outstanding nor has it incurred or agreed to incur any Indebtedness.
Sample 1Sample 2
Price Payable. The Exercise Price shall be determined by multiplying the Channel Value by the percentage of CNI’s stock which STREAM is going to purchase.
Sample 1
Price Payable. The price payable is the price which is (or would be) payable by the buyer if the Petroleum were delivered by the Contractor and taken by the buyer, without set off, counterclaim or other withholding of any nature.
Sample 1

Related to Price Payable

  • Purchase Price Payment The total Purchase Price for the Property is the amount of the successful bid for the parcel at public auction.

  • Purchase Price As consideration for the sale of the Designated Assets to the Purchaser: (a) at the Closing, the Purchaser shall pay to the Sellers, in cash, an amount (the "Initial Payment Amount") equal to $22,000,000 minus the Receivables Deficiency Amount, the Initial Payment Amount to be allocated among the Sellers in accordance with the Allocation Schedule (as defined in Section 4.8); (b) at the Closing, the Purchaser shall assume the Designated Contractual Obligations by entering into an Assignment and Assumption Agreement with the Sellers in substantially the form of Exhibit B (the "Assignment and Assumption Agreement"); and (c) on the date that is 18 months after the Closing Date, subject to the Purchaser's right of setoff set forth in Section 9.4, the Purchaser shall pay to the Sellers, in cash, an amount (the "Deferred Payment Amount") equal to the sum of (A) $3,000,000, plus (B) simple interest thereon calculated from the Closing Date through the date of payment at an annual rate of 1.5%, the Deferred Payment Amount to be allocated among the Sellers in accordance with the Allocation Schedule. For purposes of Section 1.2(a), if the dollar amount of the "Accounts Receivable, Net of Allowance" reflected in the Audited Enterprise Search Business Balance Sheet (the "Audited Net Receivables Amount") is less than $2,755,886, then the "Receivables Deficiency Amount" shall be $2,755,886 minus the Audited Net Receivables Amount; and if the Audited Net Receivables Amount is equal to or greater than $2,755,886, then the "Receivables Deficiency Amount" shall be zero.

  • Purchase Price Adjustment (a) Within 90 days following the Closing, the Buyer shall prepare and deliver, or cause to be prepared and delivered, to the Seller a statement (the “Closing Schedule”) setting forth: (i) the Buyer’s determination of the actual amounts of (A) the Adjustment Amount, including the Final Adjustment Amount Overage or the Final Adjustment Amount Underage (the “Final Adjustment Amount”), and (B) the Seller Indebtedness Amount, in each case as of 12:01 a.m. Eastern Time on the Closing Date without taking into account any of the transactions to be completed on the Closing Date in accordance with the terms of this Agreement; (ii) a calculation of any adjustments to the Closing Payment based on such calculations (the adjusted Closing Payment as a result of such calculation being the “Final Closing Payment”); and (iii) a calculation of the accounts receivable contained in the Preliminary Adjustment Amount that were not collected by Buyer within the thirty (30) days immediately following the Closing and the accounts receivable existing at the Closing but not taken into account in calculating the Adjustment Amount (the “Excluded AR”). (b) Within fifteen (15) days after delivery of the Closing Schedule, the Seller may deliver a notice to Buyer either: (i) concurring with the Closing Schedule (a “Notice of Concurrence”); or (ii) disagreeing therewith (a “Notice of Disagreement”). If the Seller delivers a Notice of Disagreement, then it shall be accompanied by the Seller’s proposed revisions to the Closing Schedule. If the Seller fails to deliver any notice within such 15-day period, the Seller shall be deemed to have delivered a Notice of Concurrence. (c) If a Notice of Concurrence is delivered or deemed delivered, and if the Final Closing Payment is less than the Closing Payment, the Buyer shall be entitled to payment out of the Royalty Consideration in the full amount of such shortfall. If a Notice of Concurrence is delivered or deemed delivered, and the Final Closing Payment is greater than the Closing Payment, Buyer shall pay to the Seller the full amount of such excess (with such payment being in shares of Buyer Common Stock priced at $1.50 per share) within thirty (30) days of the delivery of the Notice of Concurrence. (d) If a Notice of Disagreement is delivered, then the Seller and the Buyer shall, during the 15-day period following such delivery (the “Negotiation Period”), use commercially reasonable efforts to agree on the Final Adjustment Amount. If, during such period, the Seller and the Buyer are unable to reach agreement, they promptly shall engage a nationally recognized certified public accounting firm reasonably acceptable to each such party (the “Independent Auditor”) to resolve the disagreement, and any such resolution shall be final, conclusive and binding upon the parties hereto, absent fraud or manifest error. To the extent the Final Closing Payment as determined by the Independent Auditor is less than the Closing Payment, the Buyer shall be entitled to payment out of the Royalty Consideration in the full amount of such shortfall. To the extent the Final Closing Payment as determined by the Independent Auditor is more than the Closing Payment, the Buyer shall pay to the Seller the full amount of such excess (with such payment being in shares of Buyer Common Stock priced at $1.50 per share) within thirty (30) days of such resolution. (e) Each of the Seller and the Buyer shall pay fifty percent (50%) of the fees and expenses of the Independent Auditor.

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