Purchaser Contribution Sample Clauses
The Purchaser Contribution clause defines the amount or form of payment or resources that the buyer is required to provide as part of a transaction or agreement. Typically, this clause specifies when and how the purchaser must make their contribution, such as an upfront deposit, staged payments, or delivery of certain assets. Its core practical function is to clearly outline the purchaser's financial or material obligations, ensuring both parties understand their responsibilities and reducing the risk of disputes over payment terms.
Purchaser Contribution. As a condition of the Town acquiring the Deed Restriction, ▇▇▇▇▇▇▇▇ agrees it will contribute three percent (3%) or more of Purchaser funds towards the purchase price of the Property, which funds to not include any third party down payment assistance funding.
Purchaser Contribution. (i) Immediately following Closing, and in any event within one Business Day following the Closing Date, the Purchaser shall procure that an amount equal to €10,000,000 (or such lower amount as determined in accordance with Clause 4.2.2(i)) will be contributed as equity to the Target Group Companies (the “Purchaser Contribution”). The Purchaser Contribution shall be deemed to have been made upon payment by the Purchaser from the Purchaser’s bank account to the bank account(s) of one or more of the Target Group Companies (irrespective of the time of crediting on the Target Group Companies’ bank account(s)) (evidence of which shall be provided to the Seller promptly) and such part (or part of such) payment not being rejected or returned before receipt of the Purchaser Contribution in the Target Group Companies’ bank account. Notwithstanding anything to the contrary, the Purchaser shall ensure that the Purchaser Contribution is 55 received by the Target Group Companies as soon as possible following the Closing Date (and in any event within ten Business Days following the Closing Date).
(ii) The Seller and the Purchaser shall discuss in good faith and agree the quantum of the Purchaser Contribution that shall be received by each Target Group Company pursuant to this Clause 8.1.1.
(iii) The Purchaser shall use reasonable endeavours to procure that the Purchaser Contribution is made by way of capital contribution to the relevant Target Group Companies in a Tax neutral way.
(iv) The Purchaser shall provide the Seller with evidence of the contribution of the Purchaser Contribution as soon as reasonably practicable thereafter (but in any event no later than two Business Days after the Closing Date).
8.1.2 If the Purchaser fails to comply with its obligation to contribute the Purchaser Contribution under Clause 8.1.1 then the Purchaser shall pay to the Seller, or shall procure the payment to the Seller of, an amount equal to €25,000,000 (exclusive of VAT) on or before the date falling ten Business Days following the Closing Date (the “Purchaser Contribution Breach Payment”).
8.1.3 Each of the Seller and the Purchaser agrees that the Purchaser Contribution Breach Payment is not intended to be a penalty but rather is liquidated damages in a reasonable amount that will compensate the Seller in the circumstances in which the Purchaser Contribution Breach Payment is payable, for costs and expenses incurred and resources utilised by the Seller’s Group in connection with th...
Purchaser Contribution. (i) Immediately following Closing, and in any event within one Business Day following the Closing Date, the Purchaser shall procure that an amount equal to €10,000,000 (or such lower amount as determined in accordance with Clause 4.2.2(i)) will be contributed as equity to the Target Group Companies (the “Purchaser Contribution”). The Purchaser Contribution shall be deemed to have been made upon payment by the Purchaser from the Purchaser’s bank account to the bank account(s) of one or more of the Target Group Companies (irrespective of the time of crediting on the Target Group Companies’ bank account(s)) (evidence of which shall be provided to the Seller promptly) and such part (or part of such) payment not being rejected or returned before receipt of the Purchaser Contribution in the Target Group Companies’ bank account. Notwithstanding anything to the contrary, the Purchaser shall ensure that the Purchaser Contribution is received by the Target Group Companies as soon as possible following the Closing Date (and in any event within ten Business Days following the Closing Date).