Common use of Purchase Price and Manner of Payment for Partnership Interest Clause in Contracts

Purchase Price and Manner of Payment for Partnership Interest. (a) The total aggregate purchase price to be paid by USL to Seller for the purchase of the Seller’s Interest (hereinafter referred to as the “Purchase Price”) shall be a fully executed and notarized note payable from USL to Seller in the amount of $4,942,593 in the form attached hereto as Exhibit A, to be delivered on or before the Closing (the “Note”), providing for payments to be made from USL to Seller as provided in the Note.

Purchase Price and Manner of Payment for Partnership Interest. (a) The total aggregate purchase price to be paid by USL to Seller for the purchase of the Seller’s Interest (hereinafter referred to as the “Purchase Price”) shall be a fully executed and notarized note payable from USL to Seller in the amount of $4,942,593 2,474,074 in the form attached hereto as Exhibit A, to be delivered on or before the Closing (the “Note”), providing for payments to be made from USL to Seller as provided in the Note.