Purchase Price and Determination of Value of Stock Sample Clauses

Purchase Price and Determination of Value of Stock. Upon the occurrence of any event specified in Section 2.1 herein, the purchase price of the shares shall be their value, which is and shall be determined as follows: The Corporation and the Shareholders mutually agree that unless and until a new value is established as herein provided, the value of said shares shall be __________________ Dollars ($_____) per share. Such value, as agreed upon and as may be redetermined hereafter, is and shall be inclusive of an amount representing the value of the good will of the Corporation. Within thirty (30) days following the end of each fiscal year, the Corporation and the Shareholders shall agree upon the value of each share of stock and such value shall be endorsed on Exhibit A, attached hereto. If the parties fail to redetermine a value for a particular year, the last previously stipulated value shall control except that if the parties have not so stipulated a value within the six (6) months following the end of the fiscal year in which the value was last stipulated as herein required, the value of each share owned by a Deceased, Disabled or Terminated Shareholder shall be agreed upon by the Deceased, Disabled or Terminated Shareholder or his legal representative (hereinafter referred to as the "Selling Shareholder") and the parties purchasing the shares of stock (hereinafter referred to as the "Purchasers"). If said parties are unable to come to an agreement within ninety (90) days after such death, disability or termination from employment, the value of each share of the Deceased, Disabled or Terminated Shareholder shall be determined by appraisal. The Purchasers and the Selling Shareholder or his legal representative shall each name one (1) appraiser; if the two (2) appraisers cannot agree upon the value of the shares of stock, the previously selected appraisers shall appoint a third appraiser. If the third appraiser agrees with either of the originally asserted appraisals of the first two appraisers, the value established by such agreement shall be binding on all parties. If there is no such agreement, the middle value (the average of the original two (2) appraised values) shall be binding on all parties.
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Purchase Price and Determination of Value of Stock. Upon the occurrence of any event specified in Section 2.1 herein, the purchase price of the shares shall be their value, which is and shall be determined as follows:
Sample 1Sample 2

Related to Purchase Price and Determination of Value of Stock

  • The Purchase Price If the sale of the Property is not subject to HST, Seller agrees to certify on or before (included in/in addition to) closing, that the sale of the Property is not subject to HST. Any HST on chattels, if applicable, is not included in the Purchase Price.

  • Payment of the Purchase Price The Purchase Price shall be paid as follows:

  • Purchase Price and Method of Payment Buyer shall pay and Seller shall accept the purchase price for the Business as follows:

  • Adjustment of Number of Common Shares and Exercise Price The subscription rights in effect under the Warrants for Common Shares issuable upon the exercise of the Warrants shall be subject to adjustment from time to time as follows:

  • PURCHASE PRICE & TERMS The Buyer agrees to purchase the Property by payment of US Dollars ($ ) as follows: (check one) ☐ - All Cash Offer. No loan or financing of any kind is required in order to purchase the Property. Buyer shall provide Seller written third (3rd) party documentation verifying sufficient funds to close no later than , 20 , at : ☐ AM ☐ PM. Seller shall have three (3) business days after the receipt of such documentation to notify Buyer, in writing, if the verification of funds is not acceptable. If Buyer fails to provide such documentation, or if Seller finds such verification of funds is not acceptable, Seller may terminate this Agreement. Failure of Seller to provide Buyer written notice of objection to such verification shall be considered acceptance of verification of funds.

  • Determination of Fair Market Value For purposes of this Section 10.2, “fair market value” of a share of Common Stock as of a particular date (the “Determination Date”) shall mean:

  • Purchase Price The Purchase Price for each Mortgage Loan shall be the percentage of par as stated in the related Purchase Price and Terms Agreement (subject to adjustment as provided therein), multiplied by the aggregate principal balance, as of the related Cut-off Date, of the Mortgage Loans listed on the related Mortgage Loan Schedule, after application of scheduled payments of principal due on or before the related Cut-off Date, but only to the extent such payments were actually received. The initial principal amount of the related Mortgage Loans shall be the aggregate principal balance of the Mortgage Loans, so computed as of the related Cut-off Date. If so provided in the related Purchase Price and Terms Agreement, portions of the Mortgage Loans shall be priced separately. In addition to the Purchase Price as described above, the Purchaser shall pay to the Seller, at closing, accrued interest on the current principal amount of the related Mortgage Loans as of the related Cut-off Date at the weighted average Mortgage Interest Rate of those Mortgage Loans. The Purchase Price plus accrued interest as set forth in the preceding paragraph shall be paid to the Seller by wire transfer of immediately available funds to an account designated by the Seller in writing.

  • PURCHASE PRICE & PAYMENT The total Purchase Price for the Property is the amount of the successful bid for the parcel at public auction.

  • Asset Purchase Price (a) All Assets and assets of the Failed Bank subject to an option to purchase by the Assuming Institution shall be purchased for the amount, or the amount resulting from the method specified for determining the amount, as specified on Schedule 3.2, except as otherwise may be provided herein. Any Asset, asset of the Failed Bank subject to an option to purchase or other asset purchased for which no purchase price is specified on Schedule 3.2 or otherwise herein shall be purchased at its Book Value. Loans or other assets charged off the Accounting Records of the Failed Bank before the Bid Valuation Date shall be purchased at a price of zero.

  • Payment of Purchase Price The Purchase Price shall be paid as follows:

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