Examples of Phase I Purchase Price in a sentence
In the event that one or more of the 15% Secured Notes Phase I Licenses cannot be assigned to Nextel due to the fact that the Debtors do not have good and marketable title to such 15% Secured Notes Phase I License(s), then each Holder of an Allowed 15% Notes Claim shall receive its Pro Rata share of Net Available Cash in an aggregate amount up to that portion of the Phase I Purchase Price allocated to such 15% Secured Notes Phase I License(s) in the Nextel Purchase Agreement.
The Phase I Purchase Price shall be calculated by multiplying the number of market rate townhomes in Phase I by One Hundred Eleven Thousand Seventy Nine ($111,079) Dollars but in no event shall be less than Six Million ($6,000,000) Dollars ("Phase I Minimum Purchase Price").
If, pursuant to Final Approval of the Development Approvals for the Phase I Project, the Phase I Project may be comprised of more than 300 apartment units, the Phase I Purchase Price shall be increased by an amount equal to the product of (A) the number of apartment units so approved for the Phase I Project minus 300, times (B) $13,250.
The Phase I Purchase Price shall be subject to a post-Closing adjustment as follows: (i) it shall be increased on a dollar-for-dollar basis by the amount that the Phase I Closing Date Inventory exceeds the Phase I Inventory Target or (ii) decreased on a dollar-for-dollar basis by the amount that the Phase I Closing Date Inventory is less than the Phase I Inventory Target.
The Purchase Price for the respective Phase (with respect to the Closing for the Phase I Property, the Phase I Purchase Price, less the sum of the Exxxxxx Money plus the FPI Escrow Amount), plus or minus applicable prorations, deposited by Purchaser with the Escrow Agent in immediate, same day federal funds wired for credit into the Escrow Agent’s escrow account.
The Initial Deposit and First Additional Deposit in the amount of One Million Five Hundred Thousand Dollars ($1,500,000.00) held by Escrow Agent shall be allocated as follows, (i) $1,000,000.00 shall be allocated to the Phase I Purchase Price and (ii) $500,000.00 shall be applied to the portion of the Phase II Purchase Price allocated to the XXX Parcels.
With respect to the Closing for the Phase I Property only, the FPI Escrow Amount, as partial payment of the Phase I Purchase Price, for deposit into the FPI Escrow Account.
The Phase I Purchase Price may be increased pursuant to Section 2.4(c)(1).
Seller and Purchaser hereby agree to move Tract A of Replat 33 from Phase III to Phase I; provided, however, the Phase I Purchase Price and the Phase III Purchase Price shall remain unchanged except as set forth in Section 8 of this Fourth Amendment.
Seller shall use at least $30 million of the Phase I Purchase Price solely to complete the Phase II Plan.