Purchase of the Second Block-Purchase Price-Payment Sample Clauses

Purchase of the Second Block-Purchase Price-Payment. 1.2.1 From January 1, 2002, the Seller shall have the option to sell the Second Block to the Purchaser, which the Purchaser accepts as a promise to sell only. After January 1, 2006, the Purchaser shall have the option to purchase the Second Block from the Seller, which the Seller accepts as a promise to purchase only. If one of the above options is exercised, the Seller shall be required to sign the relevant movement orders in favor of the Purchaser and the Purchaser shall be required to pay the price (as defined below), with respect to the Second Block, within 90 (ninety) days from the date of the notice of exercise of the option. The party which shall have taken the initiative of exercising his option shall bear the registration tax consequences of the sale. So long as the Seller shall own the Second Block, the Seller shall have the obligation, between January 1 and June 30 of each year, to give notice to the Purchaser of his decision to sell or not sell the Second Block to the Purchaser. If the decision is to sell, then the corresponding movement orders in favor of the Purchaser shall be signed, and the purchase price paid, on June 30 of the said year or within 90 (ninety) days following the notice, whichever is the earlier. On the date of acquisition of the Second Block, the Purchaser shall pay to the Seller 20% times the Relevant Net Assets as at 31 December of the fiscal year of the HFT Group corporations preceding the fiscal year during which the purchase of the Second Block shall have occurred (hereinafter the "Preceding Year"). In addition, at the latest on June 30 of the fiscal year following the Preceding Year, the Purchaser shall pay a sum equal to 6.5 times 20% of the average Relevant Profits for the Preceding Year and the year preceding the latter.
Sample 1
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Related to Purchase of the Second Block-Purchase Price-Payment

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

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

  • The Purchase Price If the sale of the Property is not subject to HST, Seller agrees to certify on or before (included in/in addition to) closing, that the sale of the Property is not subject to HST. Any HST on chattels, if applicable, is not included in the Purchase Price.

  • Agreement to Purchase Purchase Price Buyer acknowledges that it was the successful bidder for the Property at the Foreclosure Sale with a successful bid for the Property at the Foreclosure Sale in the amount of [ ] ($ ) (the “Purchase Price”), and agrees to purchase all of the interest in the Property from Seller in accordance with and in reliance upon the terms and conditions of this Agreement.

  • 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:

  • Sale and Purchase of the Shares On the basis of the representations, warranties and agreements contained in, and subject to the terms and conditions of, this Agreement:

  • Purchase of the Shares (a) The Company agrees to issue and sell the Underwritten Shares to the several Underwriters as provided in this Agreement, and each Underwriter, on the basis of the representations, warranties and agreements set forth herein and subject to the conditions set forth herein, agrees, severally and not jointly, to purchase from the Company the respective number of Underwritten Shares set forth opposite such Underwriter’s name in Schedule 1 hereto at a price per share (the “Purchase Price”) of $28.24625. In addition, the Company agrees to issue and sell the Option Shares to the several Underwriters as provided in this Agreement, and the Underwriters, on the basis of the representations, warranties and agreements set forth herein and subject to the conditions set forth herein, shall have the option to purchase, severally and not jointly, from the Company the Option Shares at the Purchase Price less an amount per share equal to any dividends or distributions declared by the Company and payable on the Underwritten Shares but not payable on the Option Shares. If any Option Shares are to be purchased, the number of Option Shares to be purchased by each Underwriter shall be the number of Option Shares which bears the same ratio to the aggregate number of Option Shares being purchased as the number of Underwritten Shares set forth opposite the name of such Underwriter in Schedule 1 hereto (or such number increased as set forth in Section 10 hereof) bears to the aggregate number of Underwritten Shares being purchased from the Company by the several Underwriters, subject, however, to such adjustments to eliminate any fractional Shares as the Representatives in their sole discretion shall make. The Underwriters may exercise the option to purchase Option Shares at any time in whole, or from time to time in part, on or before the thirtieth day following the date of the Prospectus, by written notice from the Representatives to the Company. Such notice shall set forth the aggregate number of Option Shares as to which the option is being exercised and the date and time when the Option Shares are to be delivered and paid for, which may be the same date and time as the Closing Date (as hereinafter defined) but shall not be earlier than the Closing Date nor later than the tenth full business day (as hereinafter defined) after the date of such notice (unless such time and date are postponed in accordance with the provisions of Section 10 hereof). Any such notice shall be given at least two business days prior to the date and time of delivery specified therein.

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

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

  • Payment of Receivables Purchase Price In consideration of the sale of the Receivables from the Seller to the Purchaser as provided in Section 2.1, on the Closing Date the Purchaser shall have paid to the Seller the Receivables Purchase Price.

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