Basic Consideration definition
Examples of Basic Consideration in a sentence
Where the Basic Consideration is to be increased to account for GST pursuant to subclause 11.2, the Lessor shall in the month in which the Basic Consideration is to be paid, issue an invoice which enables the Lessee to submit a claim for a credit or refund of GST.
If, at any time, the GST Rate is increased, the Lessor may, in addition to the GST Rate, increase the Basic Consideration by the GST Adjustment Rate and such amount shall be payable in accordance with subclause 11.2(a)(ii).
At the Closing, Buyer shall transfer the Basic Consideration and the Interest to one or two bank accounts in the Seller's name and designated by Seller.
The Preliminary Consideration may be adjusted pursuant to ------------- Section 4.01 hereof (as so adjusted, the "Basic Consideration").
If the installments of Basic Consideration till the date of termination and /or cancelation paid by the Allottee are less than the aforesaid amount to be forfeited / deducted, then Promoter will be entitled to recover the balance amount from the Allottee and the Allottee shall pay the same to Promoter within a period of 45 (forty five) days from the date of termination and /or cancellation.
If the variation in carpet area of Unit is more than 3% (three percent) then the Basic Consideration and Other Charges (calculated on area basis) payable for the Carpet Area shall be recalculated respectively for the changed area, upon confirmation by Promoter.
The Basic Consideration and the Interest shall be payable in either US dollars or in New Israeli Shekels calculated in accordance with the representative rate of exchange published by the Bank of Israel most recently prior to the date and time of actual payment (the "Representative Rate") or partially in US dollars and partially in New Israeli Shekels (per the Representative Rate as aforesaid), at the election of the Buyer.
In addition to the Basic Consideration, the Housing Company will pay the Company the additional consideration as defined in Clause 6.3 below, plus V.A.T. as prescribed by law (the Basic Consideration together with the additional consideration will be referred to below as: “the Consideration”).
The Basic Consideration and the charges as mentioned in Forth Schedule are exclusive of any taxes, levies, cesses, imposts or such charge, cost or outlays by whatever name called, charged, levied, imposed, and payable in respect of the purchase of the said Unit or howsoever arising from the transaction contemplated herein to any Government/Semi Government/Local Authority.
The Basic Consideration shall be allocated among the Shareholders as follows: Parent Cash for Applicable Name of Shareholder Cash Consideration Common Stock Fractional Shares Percentage ------------------- ------------------ ------------ ----------------- ---------- ▇▇▇▇▇▇ ▇.