Purchase Price 2 definition
Examples of Purchase Price 2 in a sentence
Upon Fellows Energy electing to exercise the Option and concurrently with Fellows Energy paying the Purchase Price 2, Quaneco will deliver the assignments and other conveyances of the Assets in the Option Lands to Fellows Energy within ten business days, and Fellows Energy and Quaneco will thereafter participate in all future work on the Option Lands and Leases at their respective working interests, subject to the Operating Agreement, with Fellows Energy named as operator therein.
The total limit of liability under this Agreement is the least of (1) the Purchase Price (2) the cost of repairs authorized by the Administrator up to the Purchase Price (3) replacement product(s) of the same make and model as the Covered Product, (4) replacement product(s) with features similar to those of Your Covered Product (as determined by the Administrator) or (5) a cash payment, in an amount agreed upon by You, in lieu of repair(s) or replacement(s).
In the event Fellows Energy does not elect to exercise the Option to pay Purchase Price 2 and to acquire the Assets in the Option Lands, then Fellows Energy’s right to acquire the Assets will terminate, Fellows Energy will no longer be the operator of any of the Option Lands and the Option Payment and any other payments and all information from the Drilling Program will be retained by Quaneco.
On or before the twelve (12) month Option Period on the Option Lands, Fellow Energy may elect to exercise the Purchase Price 2 to acquire the Assets in the Option Lands, it must provide its election in writing to Quaneco and pay to Quaneco the Purchase Price 2.
In such event, Seller shall have all rights and remedies available at law or in equity, including but not limited to the right to retain the Deposit and Option Payments either 1) on account of Purchase Price, 2) as monies to be applied to Seller's damages, or 3) as liquidated damages for such default.
On or before April 30, 2006, Fellows Energy may elect to exercise the Purchase Price 2 to acquire the Assets in the Option Lands, and it must provide its election in writing to Quaneco and pay to Quaneco the Purchase Price 2.
At the Closing, Buyer shall deliver, or cause to be delivered, to Seller 1) the Purchase Price, 2) an amount equal to $970.81 representing the pro-rated payment for the month of January 2008 in accordance with Section 5.7(A) hereof and 3) duly executed copies of each of the documents set forth in Section 7.2(B).
The Initial Purchase Price 1, the Initial Purchase Price 2, the Initial Purchase Price 3 and the Initial Purchase Price 4 hereinafter also collectively referred to as: the “Initial Purchase Price”.
The total limit of liability under this Agreement is the least of (1) the Purchase Price (2) the cost or repairs authorized by the Administrator up to the Purchase Price (3) replacement product(s) of the same make and model as the Covered Product, (4) replacement product(s) with features similar to those of Your Covered Product (as determined by the Administrator) or (5) a cash payment, in an amount agreed upon by You in lieu or repair(s) or replacement(s).
The Title Company shall pay the Deposit: (1) to Seller at and upon the Closing to be applied against the Purchase Price; (2) to the party otherwise entitled to receive the Deposit in accordance with this Agreement.