Purchase Price Deposit definition

Purchase Price Deposit has the meaning specified in Section 2.05(b).
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Purchase Price Deposit has the meaning set forth in
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Purchase Price Deposit shall have the meaning set forth in Section 2.3.
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Examples of Purchase Price Deposit in a sentence

  • Notwithstanding any other provision of this Agreement, unless such information is otherwise publicly disclosed or, upon the advice of counsel, required by Applicable Law or by any Governmental Authority to be disclosed (including in any Tax Returns), the Purchaser shall not disclose the quantum of the Purchase Price, Deposit or allocation of the Purchase Price as set out in Schedule “C” to any Person without the prior written consent of the Vendor and the Monitor.

  • The Vendor shall be entitled to disclose a copy of this Agreement with the quantum of the Purchase Price, Deposit and allocation of the Purchase Price as set out in Schedule “C” redacted, and all information provided by the Purchaser in connection herewith, to the service list in the CCAA Proceedings and any other parties of interest, and a redacted copy of this Agreement may be posted on the Monitor’s website maintained in connection with the CCAA Proceedings.

  • Upon execution of the Land Disposition Agreement, the Respondent may be required to provide the City with a Purchase Price Deposit.

  • If, however, this Agreement is terminated for any other reason, including without limitation, because a sale to a competing bidder is approved by the Bankruptcy Court, the Purchase Price Deposit shall be returned to Buyer in its entirety, together with any interest earned thereon, within three (3) Business Days of such termination.

  • Except as set forth in Section 11.1.1, if this Agreement shall be terminated pursuant to Section 5.4, the Purchase Price Deposit shall be delivered to Buyer within three (3) Business Days of such termination.

  • The Purchase Price Deposit shall be kept in a segregated account not used for any other purpose and shall be applied against the Purchase Price at Closing.

  • If there is a dispute as to the disposition of the Purchase Price, Deposit, Remaining Balance, or any closing documents, Closing Agent may interplead all parties and thereafter be freed from further liability to either or both parties.

  • If Sellers terminate this Agreement pursuant to Section 5.4.4, the Purchase Price Deposit shall be retained by Sellers as liquidated damages and not as a penalty.

  • The Company hereby agrees, on behalf of itself and Lovell Minnick Partners LLC, that in no event shall the Purchase Price Deposit be used for any purpose other than funding the applicable portion of the aggregate cash consideration to be paid to Bidco on the Closing Date and the Transaction Expenses (as defined in that certain Letter Agreement, dated as of September [●], 2019, by and among the Subscriber, the Company and Lovell Minnick Partners LLC (the “Letter Agreement”)).

  • On the date of the Closing (the “Closing Date”), the Purchase Price Deposit shall be automatically applied to the purchase of the Interests hereunder, and the Company shall issue the Interests to the Subscriber.


More Definitions of Purchase Price Deposit

Purchase Price Deposit means the sum of Ten Million Five Hundred Thousand ---------------------- Dollars ($10,500,000).
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Purchase Price Deposit means the sum of $6,399,465.75 deposited by Purchaser in accordance with the terms of the Purchase Price Deposit Escrow Agreement being executed by the parties simultaneously herewith in the form and substance as is attached as Exhibit B.
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Purchase Price Deposit has the meaning set forth in Section 2.10(a). “Purchased Assets” has the meaning set forth in Section 2.1(a). “Purchased IP” has the meaning set forth in Section 2.1(a).
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Purchase Price Deposit means the amount paid by Buyer to Seller pursuant to Section 2.3(a) of this Agreement, plus interest thereon, accrued on such amount at a rate of interest equal to 7% per annum from the date of each deposit of such amounts pursuant to Section 2.3 hereof until the Closing Date or until the date of return of such amounts to Buyer, as the case may be; provided that from and after the date of termination of this Agreement as a result of which Buyer becomes entitled to a return of the Purchase Price Deposit, the interest accruing thereon shall equal nine percent (9%) per annum; provided further however, that Seller shall have the right by delivering the Purchase Price Deposit (plus interest accrued thereon to the date of delivery) into an escrow to be established pursuant to an escrow agreement substantially similar to the Escrow Agreement attached hereto as Exhibit 2.3(b), in which event interest on the Purchase Price Deposit at the rates specified above shall cease to accrue and the amount in escrow (principal and interest) shall accrue interest in accordance with the terms and provisions of such escrow agreement and will be paid in accordance with the terms of this Agreement and such escrow agreement; and provided, further, that Seller and Buyer shall negotiate in good faith to establish any subsequent escrow agreement and, failing agreement,
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Purchase Price Deposit means $500,000.
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Purchase Price Deposit is defined in Section 7.03(c).
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Related to Purchase Price Deposit

  • Purchase Price Date means the date the Purchase Price is delivered by Lender to Borrower.

  • Purchase Price Adjustment Escrow Amount means $500,000.

  • the Purchase Price means the price to be paid by the Buyer to the Seller for the purchase of the Property;

  • Purchase Price Credit has the meaning set forth in Section 1.3 of the Agreement.

  • Purchase Price Adjustment has the meaning set forth in Section 2.6.

  • Loan Purchase Price With respect to any Home Equity Loan purchased from the Trust on or prior to a Monthly Remittance Date pursuant to Section 3.04, 3.06(b) or 8.10(b) hereof, an amount equal to the outstanding principal balance of such Home Equity Loan as of the date of purchase (assuming that the Monthly Remittance Amount remitted by the Servicer on such Monthly Remittance Date has already been remitted), plus all accrued and unpaid interest on such Home Equity Loan at the Coupon Rate to but not including the date of such purchase together with (without duplication) the aggregate amounts of (i) all unreimbursed Delinquency Advances and Servicing Advances theretofore made with respect to such Home Equity Loan, (ii) all Delinquency Advances which the Servicer has theretofore failed to remit with respect to such Home Equity Loan, (iii) all reimbursed Delinquency Advances and Servicing Advances to the extent that reimbursement is not made from the Mortgagor and (iv) any costs and damages incurred by the Trust in connection with any violation by the Home Equity Loan of any predatory or abusive lending law.

  • Purchase Amount means the total amount being paid by the Investor on a particular Closing Date to purchase the Securities.

  • Cash Purchase Price has the meaning set forth in Section 2.1(b).

  • Purchase Price has the meaning set forth in Section 2.2.

  • Adjustment Escrow Account means the escrow account established pursuant to the Escrow Agreement in respect of the Adjustment Escrow Amount.

  • VWAP Purchase Price means the lesser of (i) the Closing Sale Price on the VWAP Purchase Date; or (ii) ninety-seven percent (97%) of volume weighted average price for the Common Stock traded on the Principal Market during normal trading hours on (A) the VWAP Purchase Date if the aggregate shares traded on the Principal Market on the VWAP Purchase Date have not exceeded the VWAP Purchase Share Volume Maximum and the Sale Price of Common Stock has not fallen below the VWAP Minimum Price Threshold (to be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction), or (B) the portion of the VWAP Purchase Date until such time as the sooner to occur of (1) the time at which the aggregate shares traded on the Principal Market has exceeded the VWAP Purchase Share Volume Maximum, or (2) the time at which the Sale Price of Common Stock falls below the VWAP Minimum Price Threshold (to be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction).

  • Closing Purchase Price shall have the meaning ascribed to such term in Section 2.1(b), which aggregate purchase price shall be net of the underwriting discounts and commissions.

  • Base Purchase Price has the meaning set forth in Section 2.2.

  • Purchase Price Bank Account means a bank account in the United States to be designated by the Seller in a written notice to the Purchaser at least five Business Days before the Closing.

  • Contract Purchase Price means the amount actually paid or allocated in respect of the purchase, development, construction or improvement of a Property or the amount of funds advanced with respect to a Mortgage, or the amount actually paid or allocated in respect of the purchase of other Assets, in each case exclusive of Acquisition Fees and Acquisition Expenses, but in each case including any indebtedness assumed or incurred in respect of such Property.

  • Share Purchase Price shall have the meaning ascribed to such term in Section 2.1(b).

  • Adjustment Escrow Amount means $1,000,000.

  • Aggregate Purchase Price has the meaning set forth in Section 1.1.

  • Maximum Purchase Price has the meaning assigned to the term in the Pricing Side Letter.

  • Adjustment Escrow Funds means, at any time, the portion of the Adjustment Escrow Amount then remaining in the Adjustment Escrow Account.

  • Unit Purchase Price shall have the meaning ascribed to such term in Section 2.1(b).

  • Mortgage Loan Purchase Price The price, calculated as set forth in Section 10.01, to be paid in connection with the repurchase of the Mortgage Loans pursuant to Section 10.01.

  • Repurchase Price means, with respect to any Loan the Book Value, adjusted to reflect changes to Book Value after Bank Closing, plus (i) any advances and interest on such Loan after Bank Closing, minus (ii) the total of amounts received by the Assuming Bank for such Loan, regardless of how applied, after Bank Closing, plus (iii) advances made by Assuming Bank, plus (iv) total disbursements of principal made by Receiver that are not included in the Book Value.

  • Receivables Purchase Price The amount described in Section 2.02 of the Pooling Agreement.

  • Minimum Purchase Price has the meaning set forth in Section 2.04.

  • Net Purchase Price has the meaning set forth in Section 2.1.