Consideration Amount definition
Examples of Consideration Amount in a sentence
For purposes of this Agreement, the Adjusted Gross Asset Value shall be the aggregate “Cash Consideration Amount.” The Cash Consideration Amount to be paid by the Buyer to the Sellers shall be equal to the sum of the Allocated Asset Values in respect of the Transferred Assets to be purchased and sold at the Closing, as adjusted to reflect net proration and other adjustments provided for in this Agreement applicable to such Transferred Assets.
The BRI Partnership shall have the right to elect, in its sole discretion, on the Closing Date, to accept such title as the Transferor Partners can deliver to the Transferor Partnership Interests and the Property in its then condition and to deliver in exchange therefor the Consideration subject to reduction of the Consideration Amount by the amounts required to remove all Monetary Liens.
The Commitment shall insure fee simple title to the Property in the sole name of the Transferor Partnership and shall be in the amount of the Consideration Amount (as defined in Section 2.01(a) hereof).
The Allottee agrees that the payment of the said Consideration Amount by way of installment/down payment within the prescribed time period as stipulated herein is the essence of the Contract.
The total Consideration Amount payable for the carpet area shall be recalculated upon confirmation by the Promoter.