Sale of Assets and Terms of Payment Sample Clauses
The 'Sale of Assets and Terms of Payment' clause defines the conditions under which specific assets are transferred from the seller to the buyer, as well as the payment structure for the transaction. It typically outlines which assets are included in the sale, the purchase price, payment schedule, and any methods or forms of payment accepted. This clause ensures both parties have a clear understanding of what is being sold and how and when payment will be made, thereby reducing the risk of disputes and providing a framework for the financial aspects of the transaction.
Sale of Assets and Terms of Payment. Assets Being Sold (the “Purchased Assets”). Seller agrees to sell and Buyer agrees to purchase, at the Closing (as defined in Section 7.01 hereof), all of the assets of Seller related to the Business as they shall exist on the Closing Date (as defined in Section 7.01 hereof), except for the Retained Assets (as defined in Section 1.02 hereof), including without limitation the following assets:
Sale of Assets and Terms of Payment. 1.1. The Sale...........................................................1 1.2.
Sale of Assets and Terms of Payment. 1.1 The Sale.
Sale of Assets and Terms of Payment. 1
1.1 Transfer of Assets 1
1.2 Excluded Assets 4 1.3 Liabilities. 6
1.4 Consideration 8
1.5 Manner of Payment 8 1.6 Adjustments 9 1.7 Allocation of Purchase Price 11
Sale of Assets and Terms of Payment. 1.1. The Sale1.
1. The Sale (tc "1.1. The Sale"_\1 2).
(i) Upon the terms and subject to the conditions of this Agreement, on the Closing Date (as defined below), the Seller shall sell, convey, transfer, assign and deliver to the Buyer, and the Buyer shall purchase and acquire from the Seller, all of the Seller's right, title and interest in and to the Seller Assets (as defined below), as the same may exist on the Closing Date. As used in this Agreement, the term "Seller Assets" means all of the Seller's assets (other than Excluded Assets) (defined below)), including:
Sale of Assets and Terms of Payment. 1.1 The Sale.
1.2 Purchase Price; Manner of Payment.
1.3 Allocation
1.4 Transfer Taxes
1.5 Reporting
2.1 Time and Place of Closing
2.2 Deliveries by the Seller
2.3 Deliveries by the Buyer and/or the Parent
Sale of Assets and Terms of Payment