Terms of Sale Clause Samples
The Terms of Sale clause defines the specific conditions under which goods or services are sold by one party to another. It typically outlines key details such as pricing, payment terms, delivery schedules, and any applicable warranties or return policies. For example, it may specify when payment is due, who is responsible for shipping costs, and what happens in the event of a defect. This clause ensures both parties have a clear understanding of their rights and obligations in the transaction, reducing the risk of disputes and misunderstandings.
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Terms of Sale. All products and services sold by Us via this Website are sold in accordance with any terms of sale separately provided by User as otherwise specified in the Content related to such sales.
Terms of Sale. The purchase price for the Notes to the Underwriters will be 99.72576% of the aggregate principal amount of the Notes. The Underwriters will offer the Notes to the public at a price equal to 99.97576% of the aggregate principal amount of the Notes. Closing Date: July 30, 2024, or such other date as may be agreed upon in writing.
Terms of Sale. The purchase price for the Notes to the Underwriters will be [ ]% of the aggregate principal amount of the Notes. The Underwriters will offer the Notes to the public at a price equal to [ ]% of the aggregate principal amount of the Notes.
Terms of Sale. The Purchase Price for all Partnership Interests purchased pursuant to Section 8.5 or Section 8.6 shall be paid at the Closing in immediately available United States funds; provided, however:
(a) If the purchaser is the Partnership, the Partnership, at its election and after consultation with counsel, may pay its portion of the Purchase Price in Class A Shares (if any), immediately available United States funds, or any combination of such consideration as follows:
(i) to the extent that the Partnership elects to pay the Purchase Price in Class A Shares, the Partnership shall deliver to the Selling Partner or Former Partner such number of Class A Shares as shall be equal to the quotient of (A) the portion of the Purchase Price payable in Class A Shares, divided by (B) the Applicable Class A Closing Price Average; provided, however, that if the Partnership owns Class A Shares of more than one Company, the Partnership must deliver Class A Shares of each such Company in the same proportion as the Partnership’s ownership of Class A Shares of such Companies prior to such purchase; and
(ii) immediately available United States funds equal to that portion of the Purchase Price not paid by delivery of Class A Shares.
(b) If the purchaser is a Partner, such Partner, at its election, may pay its portion of the Purchase Price in Class A Shares (if any), immediately available United States funds, or any combination of such consideration as follows:
(i) to the extent that the Partner elects to pay the Purchase Price in Class A Shares of a Company, such Partner shall deliver to the Selling Partner or Former Partner such number of Class A Shares of that Company as shall be equal to the quotient of (A) the portion of the Purchase Price payable in Class A Shares of that Company, divided by (B) the Applicable Class A Closing Price Average (and the Partner may pay with Class A Shares of more than one Company in which event this calculation shall be made with respect to the Class A Shares of each Company whose Class A Shares are being used for payment); and
(ii) immediately available United States funds equal to that portion of the Purchase Price not paid by delivery of Class A Shares.
Terms of Sale. The Purchase Price for all Partnership Interests purchased pursuant to Section 7.4 or Section 7.5 of this Agreement shall be paid at the Closing, as follows:
Terms of Sale. A. The Property will be offered through an online auction selling subject to Seller’s confirmation of bid. The bidding opens December 4, 2023 and concludes Thursday, December 14, 2023, at 11:00 am MST subject to auto-extend. DRAFT
B. Online bidder registration is required for approval to bid. No advance registration amount is required to bid.
C. A twelve percent (12%) buyer’s premium will be added to the high bid to determine the total contract price paid by the winning bidder (“Purchaser”).
D. The terms of sale are a ten percent (10%) deposit based on the total contract price for the Property due no later than 3:00 pm MST on Friday, December 15, 2023, and the remaining balance is due at closing on or before Monday, January 13, 2024. The deposit will be held in a non-interest-bearing escrow account by Southwestern Abstract & Title Co. Wire instructions will be provided.
E. The Contract for Sale & Purchase (“Sales Contract”) is CONTINGENCY-FREE and shall be executed on auction day immediately after being declared the winning bidder.
F. This sale is not contingent upon the Purchaser’s ability to obtain financing.
G. No credit cards will be accepted.
H. If for any reason the winning bidder fails or refuses to execute the Sales Contract and/or deposit the required funds after being confirmed the Purchaser as outlined herein, the Seller will declare the Purchaser in default and reserves the right to declare the bidder’s rights forfeited and may resell the Property. Seller reserves the right to seek specific performance.
I. No changes to the Sales Contract or the Terms and Conditions of Sale will be permitted. The fully executed Sales Contract (together with all related Exhibits thereto) shall control and constitute the entire agreement between Purchaser and Seller.
J. By submitting a bid and/or executing the Sales Contract in the name of a business entity or corporation, the individual doing so has the authority and enters into a guaranty agreement whereby he/she personally guarantees payment of the bid amount.
K. In the event of a conflict with the Sales Contract and the Terms and Conditions of Sale, the Terms and Conditions shall control the provision in conflict.
L. All documents are in English. If an interpreter or translator is deemed necessary to translate any documents or information, it is the Purchaser’s sole responsibility.
M. All currency will be in U.S. dollars.
N. The Property is selling AS IS, WHERE IS WITH ALL FAULTS AND WITH NO CONTINGENCIES. It...
Terms of Sale. The purchase price for the Notes to the Underwriters will be
Terms of Sale. The purchase price for the Notes to the Underwriters will be [ ]% of the aggregate principal amount of the Notes. 1 Prospectus supplement and prospectus may be filed separately as a free writing prospectus or a preliminary prospectus. The Underwriters will offer the Notes to the public at a price equal to [ ]% of the aggregate principal amount of the Notes.
Terms of Sale. The Purchase Price for all Partnership Interests purchased pursuant to Section 8.4 or Section 8.5 shall be paid at the Closing in immediately available United States funds; provided, however:
Terms of Sale. I/We agree that my/our bid and agreement to purchase tax-foreclosed real property shall be subject to the following Terms of Sale.