1Purchase Price. The Purchase Price for the Property shall be Four Million Two Hundred Five Thousand and No/100 Dollars ($4,205,000.00). The Purchase Price is payable in cash or by wire transfer of good funds by Purchaser on the Closing Date.
1Purchase Price. The purchase price for the Assets shall be paid by the Buyer to the Sellers in restricted common stock of the Buyer (the "Purchase Price"). The number of shares of restricted common stock shall be issued as follows on a pre-reverse split adjusted basis: Doron Marketing LLC – 500,000 000 Xxxxxx Xxxxx Virginia Beach, VA 23451 00-0000000 Xxxxxxx XxXxxxxx -110,156 0000 00xx Xxxxxx Xxxx Xxxxxxx, XX 00000 ###-##-#### Xxx Xxxxx – 500,000 0000 Xxxxxxxxx Xxxxxx Naples, FL 34114 ###-##-#### Xxxxx Xxxxx – 100,000 000 Xxxxx Xxxx Xxx #000 Xxxxxxx Xxxx, XX 00000 ###-##-####
1Purchase Price. The purchase price for the Assets shall be US$210,000,000.00, consisting of US$175,000,000.00 (the “Initial Consideration Payment”) plus US$25,000,000.00 (the “Contingent Consideration-Upper Eagleford”) plus US$10,000,000.00 (the “Contingent Consideration-NYMEX Strip Price”; together with the Initial Consideration Payment and the Contingent Consideration-Upper Eagleford, collectively, the “Purchase Price”), adjusted as provided in Section 3.3. The Adjusted Purchase Price (as hereinafter defined) less the Deposit shall be payable in United States currency by wire transfer in same-day funds as and when provided in this Agreement.
1Purchase Price. Upon the terms and subject to the conditions contained herein, Buyer shall pay to Seller in consideration for the Transferred Assets an amount in cash equal to the sum of $1,200,000 (collectively, the “Purchase Price”). Buyer has, pursuant to the terms of the Escrow Agreement, deposited with Citibank, N.A., in its capacity as escrow agent (the “Escrow Agent”) the sum of $200,000 by wire transfer of immediately available funds (the “Escrowed Funds”), to be released by the Escrow Agent and delivered to either Buyer or Seller, in accordance with the provisions of this Agreement and the Escrow Agreement. Pursuant to the Escrow Agreement, the Escrowed Funds (together with all accrued investment income thereon) shall be distributed as follows:
(a) if the Closing shall occur, the Escrowed Funds shall be released to Seller by the Escrow Agent at the Closing and applied towards the Purchase Price payable by Buyer to Seller under Section 3.2, and all accrued investment income thereon shall be delivered to Buyer at the Closing;
(b) if this Agreement is terminated by Seller pursuant to Section 12.1(e), the Escrowed Funds, together with all accrued investment income thereon, shall be delivered to Seller; or
(c) if this Agreement is terminated for any reason other than by Seller pursuant to Section 12.1(e), the Escrowed Funds, together with all accrued investment income thereon, shall in each case be returned to Buyer.
1Purchase Price. Purchaser agrees to pay the Purchase Price for the acquisition of the Property, subject to the terms of this Agreement.
1Purchase Price. The consideration for the purchase, sale and assignment of the Assets by Sellers to Buyer at Closing shall be comprised of (a) an amount equal to Forty-Three Million Two Hundred Sixty Six Thousand Four Hundred Thirteen Dollars and Thirty-Five Cents 5 ($43,266,413.35) (the “Cash Purchase Price”), as adjusted in accordance with this Agreement (the “Adjusted Purchase Price”) and (b) all of Buyer’s right, title and interest in and to the Buyer Leases and Buyer Lease Records (the “In-Kind Consideration” and together with the Adjusted Purchase Price, the “Total Consideration”). The Adjusted Purchase Price (minus the Deposit and any earnings thereon prior to the Closing Date and any amount to be deposited into escrow pursuant to Sections 10.1(b), 10.2 and 10.4), as determined at Closing (the “Closing Cash Payment”) shall be paid by Buyer to Sellers at Closing by means of a completed wire transfer in immediately available funds to the account designated by Sellers. Each Seller shall be entitled to and shall receive its pro rata portion of the Cash Purchase Price (and each Seller shall be allocated a pro rata portion of adjustments required to be made to the Cash Purchase Price and costs to be borne by the Sellers pursuant to Section 3.3) based on (a) its relative interests in the Assets and (b) the extent to which any Title Defects, Environmental Defects, or other matters (in respect of which adjustments are required to be made to the Cash Purchase Price) affect its interests in the Assets.
1Purchase Price. The purchase price (the “Purchase Price”) for the Property shall be the sum of FIFTY-EIGHT MILLION FIVE HUNDRED THOUSAND AND NO/100 DOLLARS ($58,500,000.00). The Purchase Price shall be paid and/or otherwise satisfied as follows:
(a) Purchaser shall assume at Closing (the “Loan Assumption”), by the execution and delivery of assumption documentation (the “Loan Assumption Documents”) in form and substance acceptable to Purchaser in its sole discretion exercised in good faith, (i) the obligations of Metro Mini Storage/Cinco, Ltd. and its principals that accrue from and after the Closing Date under that certain promissory note dated September 1, 2006 in the principal amount of $3,300,000.00 payable to the order of Xxxx Xxxxxxx Life Insurance Company (the “Cinco Note”) and the deed of trust and other documents evidencing or securing the loan including, but not limited to, guaranty and indemnity agreements (“Cinco Loan”) evidenced by such promissory note (collectively, the “Cinco Loan Documents”) and (ii) the obligations of Metro Mini Storage/Queenston, Ltd. and its principals that accrue from and after the Closing Date under that certain promissory note dated August 23, 2016 in the principal amount of $4,000,000.00 payable to the order of Cantor Commercial Real Estate Lending, L.P. and assigned to Deutsche Bank Trust Company, as Trustee (the “Queenston Note”) and the deed of trust and other documents evidencing or securing the loan including, but not limited to, guaranty and indemnity agreements (“Queenston Loan”) evidenced by such promissory note (collectively, the “Queenston Loan Documents” and together with the Cinco Loan Documents, the “Loan Documents”), and
(b) Purchaser shall pay to Sellers at Closing, by wire transfer of immediately available funds to the Escrow Agent on the Closing Date, in accordance with wire transfer instructions to be provided by the Escrow Agent, an amount in cash (the “Cash Portion”) equal to the difference between (i) the Purchase Price, less (ii) the then unpaid principal balances of the Cinco Note and the Queenston Note as of Closing, subject to such prorations and adjustments as are provided for in this Agreement. The parties hereto agree that Purchaser may allocate up to ten percent (10%) of the Purchase Price to goodwill.
1Purchase Price. The Purchase Price for the Transferred Assets and provision of the licenses under the License Agreement shall be the sum of twenty five million United States Dollars (US$25,000,000.00), exclusive of VAT (if applicable)(both parties acknowledge and agree no VAT is applicable) (“Purchase Price”) and is non-refundable.
1Purchase Price. The total purchase price for the Property that Purchaser agrees to pay to Seller shall be Sixty Two Million Seven Hundred One Thousand and No/100 Dollars ($62,701,000.00), subject to adjustments and prorations as provided in this Agreement (the “Purchase Price”).
1Purchase Price. The purchase price for the Properties shall be One Hundred Sixty Million Dollars ($160,000,000) (such amount, unadjusted by any adjustments provided for in this Agreement or agreed to by the parties, being herein called the “Base Purchase Price”). Such Base Purchase Price may be adjusted as provided in Section 6.5, Article VII, and Article XI hereof (the Base Purchase Price, as so adjusted, and as the same may otherwise be adjusted by mutual agreement of the parties, being herein called the “Purchase Price”). The Purchase Price shall be paid in cash at the Closing as hereinafter provided.
