Purchase Price and Payment for Purchased Assets Sample Clauses

Purchase Price and Payment for Purchased Assets. As consideration for the transfer of the Purchased Assets, and subject to the terms and conditions of this Agreement, Inforte shall pay to Seller, with respect to each Contract, on each of April 30, 2004, July 31, 2004, October 31, 2004, and January 31, 2005 an amount in a single sum cash payment equal to thirty percent (30%) of all Net Revenues (as defined below), if any, recognized by Inforte from the performance of such Contract for the immediately preceding calendar quarter, commencing for the calendar quarter ending March 31, 2004 and extending through the calendar quarter ending December 31, 2004 (the “Purchase Price”); provided, however, that if, with respect to each Contract, the Gross Margin (as defined below) realized by Inforte on such Contract is less than thirty percent (30%), then, in lieu of the payment set forth above for such Contract, Inforte shall pay to Seller the amount of the Gross Margin of such Contract. For the purposes of this Section 1.3, “Net Revenues” shall mean, with respect to each Contract, total Contract revenue excluding expense reimbursements, or to the extent expenses are not reimbursable, total Contract revenue less non-reimbursable project expenses. For purposes of this Section 1.3, “Gross Margin” shall mean, with respect to each Contract, the quotient, expressed as a fraction, of (a) Net Revenues recognized by Inforte from the performance of such Contract less the direct project costs of Inforte incurred in connection with the performance of such Contract, as reasonably determined by Inforte, divided by (b) Net Revenues recognized by Inforte from the performance of such Contract. The Purchase Price shall be paid by check payable to Seller. Inforte shall maintain true and accurate books and records relating to the foregoing calculations and Seller and Members shall have the right at any time during reasonable business hours upon reasonable notice to inspect and copy such books and records. Any amount due hereunder not paid within 30 days of due date will bear interest at the rate of one and one-half percent (1.5%) per month or portion thereof (or such lesser amount as may be the maximum permitted by law) that such amount remains outstanding after the due date.
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Purchase Price and Payment for Purchased Assets 
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Related to Purchase Price and Payment for Purchased Assets

  • Purchase Price and Payment Unless otherwise agreed in writing between the selling Investor Member and the Company, the price of Class A Investor Shares purchased and sold pursuant to this section 8.6 shall be ninety percent (90%) of the then-current value of such Class A Investor Shares as determined by the Company in accordance with its financial model. The purchase price shall be paid by wire transfer or other immediately available funds at closing, which shall be held within sixty (60) days following written notice from the Manager. P a g e | 17

  • Purchase Price and Payment Date Each Asset purchased by the Receiver pursuant to this Section 3.4 shall be purchased at a price equal to the Repurchase Price of such Asset less the Related Liability Amount applicable to such Asset, in each case determined as of the applicable Put Date. If the difference between such Repurchase Price and such Related Liability Amount is positive, then the Receiver shall pay to the Assuming Institution the amount of such difference; if the difference between such amounts is negative, then the Assuming Institution shall pay to the Receiver the amount of such difference. The Assuming Institution or the Receiver, as the case may be, shall pay the purchase price determined pursuant to this Section 3.4(d) not later than the twentieth (20th) Business Day following the applicable Put Date, together with interest on such amount at the Settlement Interest Rate for the period from and including such Put Date to and including the day preceding the date upon which payment is made.

  • Purchase Price and Payment Terms The purchase price for all the Assets is as follows, $2,000,000 worth of Companies restricted shares at closing by issuing 2,000,000 shares of pre reverse, CRT stock.

  • The Purchase Price Notwithstanding the termination of the Option, Grantee will be entitled to exercise its rights under this Section 6(c) if it has exercised such rights in accordance with the terms hereof prior to the termination of the Option.

  • Purchase Price and Closing Subject to the terms and conditions hereof, the Company agrees to issue and sell to the Purchasers and, in consideration of and in express reliance upon the representations, warranties, covenants, terms and conditions of this Agreement, the Purchasers, severally but not jointly, agree to purchase the Units for an aggregate purchase price of up to $10,000,000 (the “Offering Amount”), at a per Unit purchase price of $4.00 per Unit (the “Purchase Price”). The closing of the purchase and sale of the Units to be acquired by the Purchasers from the Company under this Agreement shall take place at the offices of Xxxxxx & Jaclin, LLP, 000 Xxxxx 0 Xxxxx, Xxxxx 000, Xxxxxxxxx, XX 00000 (the “Closing”). Subject to the terms and conditions set forth in this Agreement, the date and time of the Closing shall be the Closing Date (or such later date as is mutually agreed to by the Company and Newbridge Securities Corporation (the “Placement Agent”)), provided, that all of the conditions set forth in Article IV hereof and applicable to the Closing shall have been fulfilled or waived in accordance herewith (the “Closing Date”). Subject to the terms and conditions of this Agreement, at the Closing the Company shall deliver or cause to be delivered to each Purchaser (x) a certificate for the number of Preferred Shares set forth opposite the name of such Purchaser on Exhibit A hereto, (y) its Warrants to purchase such number of shares of Common Stock as is set forth opposite the name of such Purchaser on Exhibit A attached hereto and (z) any other documents required to be delivered pursuant to Article IV hereof. At the Closing, each Purchaser shall deliver its Purchase Price by wire transfer to the escrow account pursuant to the Escrow General Agreement (as hereafter defined).

  • Price and Payment The price of each Provisioning Item repurchased by Boeing pursuant to this Article 6 will be an amount equal to 100% of the original invoice price thereof except that the repurchase price of Provisioning Items purchased pursuant to Article 3.2.2 will not include Boeing’s 12% handling charge. Boeing will pay the repurchase price by issuing a credit memorandum in favor of Customer which may be applied against amounts due Boeing for the purchase of Spare Parts or Standards.

  • Closing Purchase Price The Closing Purchase Price (the "Closing Purchase Price") shall be paid or delivered by Buyer at Closing in the following manner:

  • Purchase Price; Consideration Purchaser shall, on the date hereof (the “Closing Date”), issue to Seller a promissory note, substantially in the form attached hereto as Exhibit B, in the sum of Fifteen Thousand Dollars ($15,000) (the “Promissory Note”) as the consideration for the Ownership Interests.

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

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

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