TERMS AND CONDITIONS; CLOSING Sample Clauses

TERMS AND CONDITIONS; CLOSING. PAYMENT. Payment of the Purchase Price for Saratoga Common Stock purchased by the Company under this Agreement shall be made as follows: If the total Purchase Price to be paid to the Seller is not more than Twenty-Five Thousand Dollars ($25,000), payment shall be made in full by bank or cashier's check payable to the Seller at the Closing. If the total Purchase Price to be paid to the Seller is more than Twenty-Five Thousand Dollars ($25,000), the Company may pay the Purchase Price in full at Closing pursuant to paragraph (i) above, but shall otherwise pay to the Seller, at the Closing, Twenty-Five Thousand Dollars ($25,000), by bank or cashier's check, with the balance to be paid in accordance with paragraph (iii) below. At the Closing, unless the Purchase Price has been paid in full, the Company shall execute and deliver to the Seller a non-negotiable promissory note (the "Note") in the amount of the balance of the Purchase Price, payable in (A) thirty-six (36) equal monthly installments of principal and interest if the Purchase Price is more than Twenty-five Thousand Dollars ($25,000) but not more than One Hundred Fifty Thousand Dollars ($150,000); or (B) sixty (60) equal monthly installments of principal and interest if the Purchase Price is more than One Hundred Fifty Thousand Dollars ($150,000). The first installment shall be due one month after the Closing Date and the remaining installments shall be due at intervals of one month thereafter. The Note shall provide for the payment of interest at the Applicable Federal Rate which is in effect on the date of the Closing. The Note shall be subject to prepayment, in whole or in part, at any time, without premium or penalty. In addition, the Note shall provide that, in the event of default in the payment of any installment when due and if such default continues for fifteen (15) days after written notice thereof shall have been served upon the maker, the entire unpaid principal amount thereof and accrued interest thereon shall at the option of the holder become immediately due and payable.
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TERMS AND CONDITIONS; CLOSING 
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Related to TERMS AND CONDITIONS; CLOSING

  • Other Terms and Conditions The Notes shall have such other terms and conditions as provided in the form thereof attached as Exhibit A hereto.

  • Terms and Conditions of Sale As defined in Section 3.14(b). Terminal – A point-of-transaction terminal that conforms with the requirements established from time to time by Servicer and the applicable Card Association capable of (i) reading the account number encoded on the magnetic stripe, (ii) comparing the last four digits of the encoded account number to the manually key-entered last four digits of the embossed account number, and (iii) transmitting the full, unaltered contents of the magnetic stripe in the Authorization message. ***** Confidential portions of the material have been omitted and filed separately with the Securities and Exchange Commission.

  • Conditions to the Closing Date The obligations of each Bank to make the Loans contemplated by subsections 2.1 and 2.2 and of the Issuing Bank to issue Letters of Credit contemplated by subsection 3.1 shall be subject to the compliance by the Company with its agreements herein contained and to the satisfaction, on or before October 1, 2004, of the following conditions:

  • Terms and Conditions It is understood and agreed that the Option evidenced hereby is subject to the following terms and conditions:

  • Conditions to the Closing On or before the Closing Date, the Trust Depositor shall deliver or cause to be delivered the following documents to the Owner Trustee and the Indenture Trustee:

  • Terms and Conditions of Option The Option evidenced by this Agreement is subject to the following terms and conditions, as well as the terms and conditions of Section 3 hereof.

  • Terms and Conditions of Options The Options evidenced hereby are subject to the following terms and conditions:

  • General Terms and Conditions 14.1 The parties hereto hereby covenant and agree that they will execute such further agreements, conveyances and assurances as may be requisite, or which counsel for the parties may deem necessary to effectually carry out the intent of this Agreement.

  • SPECIAL TERMS AND CONDITIONS There are no other provisions hereof and this Agreement supersedes any other agreements, whether written or oral, between the parties. Any amendment hereto must be in writing, executed by both parties.

  • Terms and Conditions of Sales Shares shall be offered for sale only in those jurisdictions where they have been properly registered or are exempt from registration or for which appropriate notice filings have been made, and only to those groups of people which the Board may from time to time determine to be eligible to purchase such shares.

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