Purchase Price Balance. As long as no Default or Event of Default has occurred and is continuing, the Purchase Price Balance, at any time of the determination thereof, in respect of any item of Equipment will equal (x) the Purchase Price for such Equipment minus (y) any payments allocated to reduce the Purchase Price Balance of such Equipment hereunder. Upon the occurrence, and during the continuation of, a Default or an Event of Default, the Purchase Price Balance at such time in respect of any item of Equipment shall be such amount as the Seller may, in good faith, determine. The Seller shall maintain in its records a running calculation of the Purchase Price Balance in respect of such Equipment which calculation, absent manifest error, shall be deemed conclusively correct. The aggregate Purchase Price Balance of any Equipment may be adjusted upward if and to the extent that at any time all or any part of any payment theretofore received by Seller from or on behalf of Purchaser pursuant to Section 3.2 or 3.5(a) in respect of such Equipment, or any of the other obligations of Purchaser hereunder or under the Note or any other Conditional Sale Document, is or must be rescinded, released, rebated or returned by Seller to Purchaser, any Qualified Lessee or any other person for any reason whatsoever (including, without limitation, the insolvency, bankruptcy, winding-up or reorganization of Purchaser, any Qualified Lessee or any other person, or in respect of any obligation owed to any Qualified Lessee under the Lease Documents), in which case, the obligations of Purchaser, shall, for purposes of this Agreement and the other Conditional Sale Documents, be deemed to be readjusted or reinstated to the extent of any such recovery notwithstanding such payment, as though such payment had not been made. The allocation of any such upward adjustment to the Purchase Price Balance of the Equipment shall be made by Seller in the good faith exercise of its reasonable discretion.
Purchase Price Balance. In accordance with the provisions set forth below, Purchaser or Seller (as applicable) shall deliver to the other an amount equal to the Inventory and Adjustment Amount minus One Hundred Thirty Million Dollars ($130,000,000) (the "PURCHASE PRICE BALANCE").
Purchase Price Balance. At Closing, the Buyer shall pay to the Seller the sum of $28,470,000, representing the balance of the Purchase Price.
Purchase Price Balance. On or before the Closing Date (as defined in Section 4.2), Buyer shall deposit with Escrow Holder cash in the amount of the Purchase Price, less the sum of the Initial Deposit and the Additional Deposit and all interest accrued thereon.
Purchase Price Balance. Provided that this Agreement has not been previously terminated for any reason permitted hereunder, on or before the Closing Date, Buyer shall deliver the balance of the Purchase Price, as adjusted by Buyer’s share of costs, expenses and prorations, to Escrow Holder by wire transfer of immediately available funds.
Purchase Price Balance. If Buyer elects to provide the Feasibility Approval Notice within the time required herein, and provided all of the other conditions precedent to Buyer’s obligation to purchase the Property are timely satisfied, then, at least one (1) business day prior to the Close of Escrow, Buyer shall deposit with Escrow Holder by cash, cashier’s check, or other immediately available funds the sum of (a) the Purchase Price, less (b) the Deposit and any Extension Payments (as defined below) (the “Purchase Price Balance”), plus (c) Buyer’s Escrow charges and other cash charges as set forth in Paragraph 2.1.2 below.
Purchase Price Balance. 2 Purchaser..........................1
Purchase Price Balance. The balance of the Purchase Price, subject to any prorations and other credits as set forth in this Agreement, shall be delivered in immediately available funds on or before the Closing Date by Purchaser to Escrow Agent.
Purchase Price Balance. The balance of the Purchase Price over and above the amounts paid by or credited to Purchaser pursuant to Section 3(a), Section 3(b), and Section 3(c) above, and net of all prorations and closing cost adjustments as provided herein, shall be deposited into Escrow on the Closing Date (as defined in Section 15 below) by wire transfer of immediately available funds. Purchaser expressly acknowledges and agrees that it is a material inducement to Seller that all funds in payment of the Purchase Price shall be deposited into Escrow in sufficient time so as to ensure the Closing can occur and the proceeds of the Purchase Price can be disbursed from Escrow and received and invested by Seller on the Closing Date and Purchaser agrees to use Purchaser's best efforts to initiate the wire transfer of the balance of the Purchase Price at the earliest possible time on the morning of the Closing Date.
Purchase Price Balance. Provided all of the Conditions ---------------------- Precedent to Buyer's obligation to purchase the Property are timely satisfied, then, at least one (1) business day prior to the Close of Escrow, Buyer shall deposit with Escrow Holder in cash the sum of (a) the Purchase Price, less (b) ---- the Deposit (the "Purchase Price Balance"), plus (c) Buyer's Escrow charges and ---- other cash charges as set forth in Section 2.1.2 below.
