Purchase Price and Payment Sample Clauses

Purchase Price and Payment. 4.1 The Purchase Price for the Property shall be paid as follows - 4.1.1 the deposit shall be paid into the Trust Account no later than 3 (three) Business Days after the Signature Date; and 4.1.2 the balance of the Purchase Price shall be paid against Transfer, provided that the balance shall be secured by a bank guarantee made payable to the Trust Account on Transfer, which bank guarantee must be provided to the Conveyancer within 10 (ten) Business Days from being called upon to do so by the Conveyancer, provided that the Condition Precedent, if applicable, has been fulfilled or waived, as the case may be. 4.2 The Purchaser shall be released from its obligation to provide the bank guarantee referred to in clause 4.1.2 above by making payment of the balance of the Purchase Price into the Trust Account. 4.3 The Conveyancer is hereby irrevocably authorised and required to invest any cash amount received from the Purchaser in terms of this Agreement in an investment account as contemplated in Section 86(4) of the Legal Practice Act, with the interest accruing for the benefit of the Purchaser until Transfer whereupon the Conveyancer shall pay the balance of the Purchase Price to the Seller. 4.4 In the event that the Purchaser fails to make payment of the deposit in accordance with clause 4.1.1 above within 4 (four) months of the Signature Date, then without prejudice to any other rights that the Seller may have, the Purchase Price shall be increased by 12% (twelve percent) per annum, calculated daily and compounded monthly in arrears, from the expiry of the aforesaid 4 (four) month period until such time as the Purchaser has complied with his aforesaid obligations.

Purchase Price and Payment. The total Purchase Price for the Property is the amount of the successful bid for the Cabin/Home Site at public auction plus the Maximum Value of the Personal Property.

Purchase Price and Payment. The purchase price payable for the Assets pursuant to this Agreement shall be as follows: (a) The parties agree that the sole manner of payment for the Assets shall be by way of the payment of commissions based on revenues actually received by Buyer from the Contracts after the Closing Date. There will be no other payments to Seller for the Assets. (b) Buyer shall pay to Seller fifteen percent (15%) of all Administrative Fees received from the Contracts until the amount advanced by Buyer under Section 2.1(d) (iii) is repaid to Buyer (the “Initial Commissions”). Seller agrees that the Initial Commissions shall be paid directly by Buyer to the Internal Revenue Service (“IRS”) and applied to amounts owed to the IRS by Seller (the “IRS Debt”); (c) Only after the amount advanced under Section 2.1(d) (iii) has been repaid and paid in accordance with Section 2.1(b), Buyer shall pay to Seller thirty percent (30%) of all Administrative Fees received from the Contracts thereafter for as long as the Client under such Contracts remain under contract with Buyer. (d) In addition, in the event that any Client of Seller that terminated a client service agreement with Seller prior to the Closing Date, and then executes a client service agreement with Buyer within ninety days of the Closing Date, Buyer shall pay thirty percent (30%) of all Administrative Fees earned on such contracts (the “CRS Client Commissions”) to the following persons: i. The first $5,000 of CRS Client Commissions shall be paid directly to ▇▇▇▇▇▇; ii. Any CRS Client Commissions earned after the payments made as described in Section 2.1(d)(i) shall be paid to ▇▇▇▇▇▇ and ▇▇▇▇▇▇▇▇ and split equally among them. Buyer shall be responsible only for paying this amount in the form of a joint check made payable to ▇▇▇▇▇▇ and ▇▇▇▇▇▇▇▇; iii. Buyer shall pay to Seller up to Fifty Thousand Dollars ($50,000) to be applied to expenses to wind down the operations of Seller. Buyer shall not be obligated to make any payment as described in this Section 2.1(d) unless Buyer has approved the expenses in writing based on invoices and other written evidence of such expenses.

Purchase Price and Payment. The purchase price reflected in clause 3 of the Schedule is payable as follows: 5.1 The deposit is payable in cash or bank guaranteed cheque or via electronic transfer against signature hereof by the Seller. 5.2 The payment referred to in clause 5.1 above shall be paid to the Seller's Conveyancers and shall be held in trust by the Seller's Conveyancers and shall be paid to the Seller against transfer unless otherwise provided for herein. The said deposit shall be invested in a trust interest bearing account, which interest shall accrue to the Purchaser until registration of transfer. The Purchaser’s signature hereto constitutes the Purchaser’s written consent in terms of Section 78 (2A) of the Attorneys Act No. 53 of 1979, authorizing the Seller’s Conveyancers to invest all amounts paid on account of the purchase price in an interest bearing account. The Purchaser hereby irrevocably authorizes the Seller’s Conveyancers to appropriate the interest accrued on monies so invested in reduction of all amounts as may be owing by the Purchaser in terms of this Agreement. 5.3 In respect of the balance of the Purchase Price, the Purchaser shall: 5.3.1 In the event of the Purchaser not requiring a Mortgage Loan, furnish the Seller’s Conveyancers with either: 5.3.1.1 an irrevocable guarantee issued by a recognized commercial bank in a form acceptable to the Seller’s Conveyancers; or 5.3.1.2 a cash payment into the trust account of the Seller’s Conveyancers. within 14 (fourteen) days after the Signature Date or such extended period as the Seller may in its sole discretion allow. 5.3.2 In the event of the Purchaser requiring a Mortgage Loan in respect of any balance outstanding on the purchase price after having deducted the deposit and the amount of the Mortgage Loan from the purchase price, furnish the Seller’s Conveyancers with either: 5.3.2.1 an irrevocable guarantee issued by a recognized commercial bank in a form acceptable to the Seller’s Conveyancers; or 5.3.2.2 a cash payment into the trust account of the Seller’s Conveyancers. within 14 (fourteen) days after the Signature Date or such extended period as the Seller may in its sole discretion allow. 5.4 The guarantees referred to in this clause shall be issued by a registered South African Commercial Bank or other financial institution approved by the Seller in its absolute discretion for the balance of the purchase price. Withdrawal by a guarantor as aforesaid, for any reason whatsoever, shall constitute a brea...

Purchase Price and Payment. A. The purchase price is based on a per-acre easement compensation value of the Property multiplied by the number of acres. The Parties agree to adjust the purchase price to conform to the final acreage as determined by a survey procured by NRCS, or unless otherwise mutually agreed to by the Parties. Any adjustment of purchase price or acreage will be incorporated in the Warranty Easement Deed, and by its execution, at closing, shall constitute the Parties’ agreement to the adjustment. B. Before the payment is issued, NRCS must determine that all Landowners meet the AGI limitations set forth in 7 CFR Part 1400. Landowners that are legal entities or general partnerships that meet the AGI limitations may have individual members of that legal entity or general partnership that do not meet the AGI limitations. While the deed document will reflect the purchase price as calculated and adjusted under paragraph A above, the amount actually paid at closing will be reduced by an amount commensurate with the percent ownership of any AGI-ineligible member of an otherwise AGI-eligible legal entity or general partnership. C. NRCS will make a single payment unless Landowner identifies in this paragraph the number of annual installment payments requested. Landowner requests annual installment payments (not more than 10) and acknowledges that after the first installment payment, subsequent installment payments will be made after October 1 of each calendar year following the first installment payment. Landowners electing installment payments where the total easement purchase price is more than $500,000 may elect a minimum of 5 and a maximum of 10 installment payments. Payment will be made by the United States using electronic fund transfers (EFTs).

Purchase Price and Payment. Buyer will pay SolarEdge the price for Products specified in the Quotation (the “Purchase Price”) in accordance with the payment terms specified in the Quotation. Unless otherwise agreed in writing by ▇▇▇▇▇▇▇▇▇ and Buyer, (i) all invoices issued by SolarEdge for Products purchased are due within thirty (30) of delivery; and (ii) all payments hereunder shall be made to SolarEdge in the currency denominated in the Quotation by wire transfer to the account or specified on the invoice.

Purchase Price and Payment. 13.1 Diaxonhit shall pay the then applicable Purchase Price (as listed in Schedule 2, Part A) for all Products delivered to Diaxonhit during each Sales Year for use for commercial sale in accordance with Section 13.4. 13.2 No later than the 20th Working Day of each Quarter, Diaxonhit shall provide XDx with a quarterly report showing the Net Sales and Royalty due for the preceding Quarter (a “Royalty Report”). Such Royalty Reports shall contain Net Sales and Test quantities in the Territory, on a country-by-country basis, as well as the number of AlloMap plates purchased, used and average Tests per AlloMap plate, together with any and all currency conversion calculations used by Diaxonhit. XDx shall invoice Diaxonhit for the Royalty due. Provided that Diaxonhit receives XDx’s invoice by the end of the 15th Working Day of a calendar month then Diaxonhit shall pay that invoice by the end of that calendar month: if the invoice is received after the end of the 15th Working Day of a calendar month then Diaxonhit shall pay that invoice by the end of the following calendar month. 13.3 Diaxonhit shall keep, and shall cause its Affiliates and Sales Agents to keep, true, accurate and complete records pertaining to the performance of obligations under this Agreement, including gross sales of the Product (both in the aggregate and on a per Unit basis) and all other information necessary to determine the Net Sales Price, in sufficient detail to calculate all fees and the Royalty payable pursuant to this Agreement and to prepare all reports required hereunder. 13.4 Promptly after delivery thereof, XDx shall invoice Diaxonhit for the Purchase Price of each shipment of Product ordered by and delivered to Diaxonhit. Diaxonhit shall pay in full each such invoice within thirty (30) days of the end of the month in which it receives that invoice. If such payment is not made on the date due, then Diaxonhit shall pay interest to XDx calculated in accordance with the provisions of clause 27.9. 13.5 All payments made under this Agreement are calculated without regard to value added tax or any other Indirect Tax. If any such payment (together with any other Indirect Tax as applicable) constitutes for value added tax purposes the whole or any part of the consideration for a taxable or deemed taxable supply made by any Party (the supplier) the amount of that payment shall be increased by an amount equal to the amount of value added tax which is chargeable in respect of the taxable or ...

Purchase Price and Payment. 4.1. The purchase price for the property shall be the sum stated in the Information Schedule, which purchase price is inclusive of VAT at the rate at the time of signature of this agreement. 4.2. The purchase price shall be payable as follows: 4.2.1. a holding deposit in the amount of R30,000.00 (Thirty Thousand Rand) within 7 (Seven) days of the signing date, which amount shall be paid to the Conveyancers in trust who, pending transfer of the property into the name of the Purchaser, shall invest such amount, and/or any other deposit paid by the Purchaser, with ABSA BANK (and are hereby authorised to do so,) on the basis that: 4.2.1.1. the amount is invested in an interest-bearing account in accordance with the provisions of Section 86(4) of the Legal Practice Act for the benefit of the Purchaser; and 4.2.1.2. on registration of transfer of the property into the name of the Purchaser, the Conveyancers shall pay the deposit to the Developer and the interest earned thereon to the Purchaser; 4.2.2. the balance of the purchase price shall be payable in cash against registration of transfer of the property into the name of the Purchaser and shall be secured by payment of the balance Purchase Price into the trust account of the Conveyancer or in the alternative by issuing a bank guarantee/s acceptable to the Conveyancer. Such guarantees shall be furnished to the Conveyancers within 14 (Fourteen) days from date of signature of this agreement or within 14 (Fourteen) days from date of approval of the bond as stipulated in this agreement. 4.2.3. The Conveyancers will be entitled to an investment fee on the above deposit.

Purchase Price and Payment. Unless otherwise agreed in writing between the selling Investor Member and the Company, the price of Class A Investor Shares purchased and sold pursuant to this section 8.6 shall be ninety percent (90%) of the value of such Class A Investor Shares as determined by the Company in its reasonable discretion. The purchase price shall be paid by wire transfer or other immediately-available funds at closing, which shall be held within sixty (60) days following written notice from the Manager.