Asset Price Sample Clauses
The Asset Price clause defines the agreed-upon value at which a specific asset will be bought or sold under the contract. Typically, this clause outlines whether the price is fixed, subject to adjustment, or determined by a formula, and may specify the currency and payment terms. By clearly stating the asset's price, this clause ensures both parties have a mutual understanding of the financial terms, thereby reducing the risk of disputes and providing certainty in the transaction.
Asset Price. For the purposes of this Agreement, the term “Asset Price” means the greater of: the amount received by the Company in connection with an asset sale (as appropriately adjusted for any partial sale) determined on a per share basis or the closing price (in Pounds Sterling) of a Company ordinary share as reported on the London Stock Exchange on the day prior to the “change in control” (as such term is defined under section 280G of the Code).
Asset Price. The total consideration to be paid to Company for the Assets (the "Asset Price") shall be the sum of six million dollars ($6,000,000) to be evidenced by promissory notes in the aggregate principal amount of $6,000,000 (the "Notes") in the form of Exhibit A hereto to be allocated among the Shareholders as set forth on Exhibit N.
Asset Price. In consideration for the Transferred Assets, at the Closing, Acquirer shall pay to Seller an amount in cash (the “Asset Price”) equal to the sum of (i) $26,000,000 (of which $2,000,000 is expected to be allocated to the fixed assets included in the Transferred Assets) and (ii) the Closing Date Pre-Paid Fees Amount.