Common use of Balance of Purchase Price Clause in Contracts

Balance of Purchase Price. The balance of the Purchase Price (plus or minus closing adjustments, as the case may be), together with the Deposit, shall be paid to Seller at the Closing. Payment shall be by wire transfer of immediately available U.S. funds in accordance with wire transfer instructions provided by Seller prior to the Closing. In exchange for such payment, Seller shall deliver to Purchaser a deed (in form required by the Subject State) whereby Seller only warrants against its own acts and/or omissions ("Deed"). The Deed shall be substantially in the form attached as Exhibit "B" and shall convey title to Purchaser, subject to the lien for taxes which are not yet due and payable and such other exceptions to title which are disclosed in the Title Commitment (defined below) and to which Purchaser consents in writing or waives its objection thereto pursuant to this Agreement.

Appears in 2 contracts

Samples: Agreement of Sale (Captec Franchise Capital Partners L P Iv), Agreement of Sale (Captec Franchise Capital Partners L P Iv)

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Balance of Purchase Price. The balance of the Purchase Price (plus or minus closing adjustments, as the case may be), together with the Deposit, shall be paid to Seller at the Closing. Payment shall be by wire transfer of immediately available U.S. funds in accordance with wire transfer instructions provided by Seller prior to the Closing. In exchange for such payment, Seller shall deliver to Purchaser a deed (in form required by the Subject State) whereby Seller only warrants against its own acts and/or omissions ("Deed"). The Deed shall be substantially in the form attached as Exhibit "B" and shall convey title to Purchaser, subject to the lien for taxes which are not yet due and payable and such other exceptions to title which are disclosed in the Title Commitment (defined below) and to which Purchaser consents in writing or waives its objection thereto pursuant to this Agreement.

Appears in 1 contract

Samples: Agreement of Sale (Captec Franchise Capital Partners L P Iv)

Balance of Purchase Price. The balance of the Purchase Price (plus or minus closing adjustments, as the case may be), together with the Deposit, shall be paid to Seller at the Closing. Payment shall be by wire transfer of immediately available U.S. funds in accordance with wire transfer instructions provided by Seller prior to the Closing. In exchange for such payment, Seller shall deliver to Purchaser a deed (in form required by the Subject State) whereby Seller only warrants against its own acts and/or omissions ("Deed"). The Deed shall be substantially in the form attached as Exhibit "BC" and shall convey title to Purchaser, subject to the lien for taxes which are not yet due and payable and such other exceptions to title which are disclosed in the Title Commitment (defined below) and to which Purchaser consents in writing or waives its objection thereto pursuant to this Agreement.

Appears in 1 contract

Samples: Agreement of Sale (Captec Franchise Capital Partners L P Iv)

Balance of Purchase Price. The balance of the Purchase Price (plus or minus closing adjustments, as the case may be), together with the Deposit, shall be paid to Seller at the Closing. Payment shall be by wire transfer of immediately available U.S. funds in accordance with wire transfer instructions provided by Seller prior to the Closing. In exchange for such payment, Seller shall deliver to Purchaser a deed (in form required by the Subject State) whereby Seller only warrants against its own acts and/or omissions (the "Deed"). The Deed shall be substantially in the form attached as Exhibit "B" and shall convey title to Purchaser, subject to the applicable Lease and further subject to the lien for taxes which are not yet due and payable and such other exceptions to title which are disclosed in the Title Commitment (defined below) and to which Purchaser consents in writing or waives its objection thereto pursuant to this Agreement.

Appears in 1 contract

Samples: Agreement of Sale (Captec Franchise Capital Partners L P Iv)

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Balance of Purchase Price. The balance of the Purchase Price (plus or minus closing adjustments, as the case may be), together with the Deposit, shall be paid to Seller at the Closing. Payment shall be by wire transfer of immediately available U.S. funds in accordance with wire transfer instructions provided by Seller prior to the Closing. In exchange for such payment, Seller shall deliver to Purchaser a deed (in form required by the Subject State) whereby Seller only warrants against its own acts and/or omissions ("Deed"). The Deed shall be substantially in the form attached as Exhibit "B" “C” and shall convey title to Purchaser, subject to the lien for taxes which are not yet due and payable and such other exceptions to title which are disclosed in the Title Commitment (defined below) and to which Purchaser consents in writing or waives its objection thereto pursuant to this Agreement.

Appears in 1 contract

Samples: Agreement of Sale (Captec Franchise Capital Partners L P Iv)

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