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SALES LOAD. A deduction made from Purchase Payments received.", "size": 3, "snippet_links": [{"key": "of-the-owner", "type": "clause", "offset": [31, 43]}, {"key": "with-respect-to", "type": "clause", "offset": [44, 59]}, {"key": "this-contract", "type": "definition", "offset": [60, 73]}, {"key": "sales-load", "type": "definition", "offset": [75, 85]}, {"key": "payments-received", "type": "clause", "offset": [118, 135]}], "samples": [{"hash": "lSRIzP0Y77f", "uri": "/contracts/lSRIzP0Y77f#purchase-payment", "label": "Flexible Payment Variable Annuity (NML Variable Annuity Account B)", "score": 19.0, "published": true}, {"hash": "530Xu3cIhk2", "uri": "/contracts/530Xu3cIhk2#purchase-payment", "label": "Flexible Payment Variable Annuity (NML Variable Annuity Account A)", "score": 19.0, "published": true}, {"hash": "4EgTGEMI5ph", "uri": "/contracts/4EgTGEMI5ph#purchase-payment", "label": "Flexible Payment Variable Annuity (NML Variable Annuity Account B)", "score": 19.0, "published": true}], "hash": "43a3b9151549ee41c81f6f2b1333848b", "id": 8}, {"snippet": "The Purchaser shall deliver the Closing Payment.", "size": 3, "snippet_links": [{"key": "the-purchaser-shall", "type": "clause", "offset": [0, 19]}, {"key": "closing-payment", "type": "clause", "offset": [32, 47]}], "samples": [{"hash": "cOxhD9v7OE0", "uri": "/contracts/cOxhD9v7OE0#purchase-payment", "label": "Stock Purchase Agreement (Actuant Corp)", "score": 21.0, "published": true}, {"hash": "92QZl7OK8IE", "uri": "/contracts/92QZl7OK8IE#purchase-payment", "label": "Stock Purchase Agreement (Actuant Corp)", "score": 21.0, "published": true}, {"hash": "7YRb3D3tRUx", "uri": "/contracts/7YRb3D3tRUx#purchase-payment", "label": "Stock Purchase Agreement (Key Components LLC)", "score": 18.0, "published": true}], "hash": "5dff2f8b6953ea8297a5e5906febec5e", "id": 9}, {"snippet": "If Stockholder elects to purchase Voting Stock from the Company pursuant to this Section 3, Stockholder and the Company shall consummate the purchase and sale of such Voting Stock in the manner and on the terms and date of the closing of the Proposed Issuance as set forth in the Notice of Issuance or Revised Notice of Issuance, as the case may be or, if on a later date, the second (2nd) business day after all regulatory filings required for the consummation of such purchase have been obtained. Payment for such Voting Stock shall be by check (or wire transfer of immediately available funds to an account designated by the Company by written notice delivered to Stockholder not less than two (2) business days prior to the scheduled closing of such purchase) or, at Stockholder's election, to the extent practicable, such other form of consideration as set forth in the Notice of Issuance or Revised Notice of Issuance, as the case may be, against delivery of such Voting Stock at the executive offices of the Company at the time of the scheduled closing therefor. The Company shall take all such action as may reasonably be required by any regulatory authority in connection with the exercise by Stockholder of the right to purchase Voting Stock as set forth in this Section 3.", "size": 3, "snippet_links": [{"key": "voting-stock", "type": "clause", "offset": [34, 46]}, {"key": "from-the-company", "type": "clause", "offset": [47, 63]}, {"key": "pursuant-to", "type": "definition", "offset": [64, 75]}, {"key": "section-3", "type": "definition", "offset": [81, 90]}, {"key": "the-company-shall", "type": "clause", "offset": [108, 125]}, {"key": "purchase-and-sale-of", "type": "clause", "offset": [141, 161]}, {"key": "terms-and", "type": "clause", "offset": [205, 214]}, {"key": "date-of-the-closing", "type": "clause", "offset": [215, 234]}, {"key": "proposed-issuance", "type": "definition", "offset": [242, 259]}, {"key": "notice-of-issuance", "type": "definition", "offset": [280, 298]}, {"key": "revised-notice", "type": "definition", "offset": [302, 316]}, {"key": "the-case", "type": "definition", "offset": [333, 341]}, {"key": "regulatory-filings", "type": "definition", "offset": [413, 431]}, {"key": "consummation-of", "type": "clause", "offset": [449, 464]}, {"key": "payment-for", "type": "clause", "offset": [499, 510]}, {"key": "stock-shall", "type": "definition", "offset": [523, 534]}, {"key": "by-check", "type": "clause", "offset": [538, 546]}, {"key": "transfer-of", "type": "definition", "offset": [556, 567]}, {"key": "immediately-available-funds", "type": "clause", "offset": [568, 595]}, {"key": "by-the-company", "type": "clause", "offset": [621, 635]}, {"key": "by-written-notice", "type": "clause", "offset": [636, 653]}, {"key": "prior-to-the", "type": "clause", "offset": [715, 727]}, {"key": "scheduled-closing", "type": "clause", "offset": [728, 745]}, {"key": "to-the-extent-practicable", "type": "definition", "offset": [795, 820]}, {"key": "form-of-consideration", "type": "clause", "offset": [833, 854]}, {"key": "delivery-of", "type": "clause", "offset": [953, 964]}, {"key": "executive-offices", "type": "clause", "offset": [990, 1007]}, {"key": "of-the-company", "type": "clause", "offset": [1008, 1022]}, {"key": "time-of-the", "type": "clause", "offset": [1030, 1041]}, {"key": "required-by", "type": "definition", "offset": [1130, 1141]}, {"key": "regulatory-authority", "type": "definition", "offset": [1146, 1166]}, {"key": "in-connection-with", "type": "clause", "offset": [1167, 1185]}, {"key": "right-to-purchase", "type": "definition", "offset": [1221, 1238]}], "samples": [{"hash": "gdtEw3ves48", "uri": "/contracts/gdtEw3ves48#purchase-payment", "label": "Strategic Business Combination Agreement (Mattson Technology Inc)", "score": 18.0, "published": true}, {"hash": "1RuXlaThpW1", "uri": "/contracts/1RuXlaThpW1#purchase-payment", "label": "Stockholder Agreement (Steag Electronic Systems GMBH)", "score": 18.0, "published": true}], "hash": "60052459a2013f90657ea986ac414f5c", "id": 10}], "next_curs": "ClkSU2oVc35sYXdpbnNpZGVyY29udHJhY3RzcjULEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhlwdXJjaGFzZS1wYXltZW50IzAwMDAwMDBhDKIBAmVuGAAgAA==", "clause": {"size": 171, "title": "Purchase Payment", "children": [["agreements-to-sell-and-purchase", "Agreements to Sell and Purchase"], ["over-allotment-option", "Over-Allotment Option"], ["public-offering", "Public Offering"], ["selling-shareholder-default", "Selling Shareholder Default"], ["underwriters-warrants", "Underwriters\u2019 Warrants"]], "parents": [["additional-definitions", "ADDITIONAL DEFINITIONS"], ["purchase-and-sale", "Purchase and Sale"], ["additional-agreements", "ADDITIONAL AGREEMENTS"], ["closing", "Closing"], ["deliveries-by-purchaser", "Deliveries by Purchaser"]], "id": "purchase-payment", "related": [["purchase-payments", "PURCHASE PAYMENTS", "<strong>PURCHASE PAYMENTS</strong>"], ["due-payment", "Due Payment", "Due Payment"], ["lease-payments", "Lease Payments", "Lease Payments"], ["purchase-price-payment", "Purchase Price Payment", "Purchase Price Payment"], ["pre-payment", "PRE-PAYMENT", "PRE-PAYMENT"]], "related_snippets": [], "updated": "2026-04-26T05:39:20+00:00", "also_ask": ["What payment structures best protect the buyer\u2019s interests in this clause?", "Which terms are essential to prevent disputes over timing and method of payment?", "What are the most common enforceability challenges for purchase payment clauses in court?", "How do purchase payment provisions differ across jurisdictions or industries?", "What negotiation levers can be used to secure favorable payment terms?"], "drafting_tip": "Specify payment amount and schedule to ensure clarity; define acceptable payment methods to prevent disputes; state consequences of late payment to encourage timely compliance.", "explanation": "The Purchase Payment clause defines the terms and conditions under which payment for goods or services must be made by the buyer to the seller. Typically, it specifies the amount due, the payment schedule, acceptable methods of payment, and any consequences for late or missed payments. For example, it may require full payment within 30 days of invoice receipt or allow for installment payments. This clause ensures both parties have a clear understanding of financial obligations, reducing the risk of disputes and facilitating smooth commercial transactions."}, "json": true, "cursor": ""}}