The Lump. Sum Contract Price includes plumbing and electrical building permits from appropriate entities and any other building permits as directed by the Principal Representative.
The Lump. Sum Price shall be adjusted if a Change Order causes changes in the quantities or changes in the Drawings or Specifications which changes affect the
The Lump. Sum Payment shall be made to Langbein or, in the event of Xxxxxxxn's death, to Langbeix'x xxxxxx or other dxxxxxxx xx provided in writing by Langbein in his Last Will anx Xxxxxxent or document of similar import and intent ("Will"), within thirty (30) days of the Date of Termination; provided, that only with respect to termination due to the death of Langbein, if Medicore does nxx xxxx sufficient cash to make the Lump Sum Payment as required in this Section 8, then Medicore shall pay the amount of the Lump Sum Payment in such amounts and installments as it is able within a period of but no later than nine (9) months from date of Langbein's death. Interest xxxx xxxxxe at a per annum rate on the amounts owed to Langbein equal to the coupon xxxxx xield on a 52 week U.S. Treasury Bill determined as of the daxx xhat the Lump Sum Payment is due ("Interest"). Interest shall accrue until the payment to Langbein is fully satisfied. It is agreed that Langbein or his estate, as txx xxxx may be, has the option, at his or its sole discretion, to elect to obtain from Medicore in lieu of such Lump Sum Payment, 400,000 shares of Medicore common stock, $.01 par value, from authorized and unissued capital stock or treasury shares or any combination of authorized and unissued shares and treasury shares (the "Medicore Shares"), subject to adjustment as provided in this Agreement, as soon as practicable upon notice to Medicore of his or its election to obtain the Medicore Shares. Medicore agrees to have sufficient capital stock available and to amend, if necessary, its certificate of incorporation, from time to time, based upon its obligation to issue the Medicore Shares to Langbein; and, to the extent xxxx xxpital stock and/or treasury shares may then be insufficient to cover the exercise of the option of Langbein to obtain the Medicxxx Xxxxes in lieu of the Lump Sum Payment, Medicore agrees that it shall take and use for Langbein's election such shaxxx xxxxxxed for other purposes, and/or to the extent additional shares of common stock of Medicore are required, Medicore shall immediately repurchase said shares in the open market or in privately negotiated transactions. Medicore further agrees to file and cause to be approved any listing agreements that may be required by any exchange or interdealer quotation system upon which the Medicore Shares may then be trading with respect to any additional shares that may be authorized, issued and/or transferred to Langbein under his opt...
