Common use of Assets to be Purchased; Purchase Price Clause in Contracts

Assets to be Purchased; Purchase Price. Subject to the terms and conditions provided here, Seller agrees to sell to Purchaser, and Purchaser agrees to purchase the Real Estate Properties, the Leases, the Furniture, the Fixtures, the Equipment, the Contracts, Cash on Hand at the Branches, and the Transferred Loans (collectively, the "Assets") as they exist on the Closing Date. The total purchase price for the Assets, subject to adjustment on the Determination Date in accordance with Section 5.03, shall be as follows ("Purchase Price"): Assets Purchase Price Leases and Furniture, $ 227,000 Fixtures and Equipment Transferred Loans As set forth in Section 2.03. Cash on Hand Face amount Real Estate As set forth in Section 2.07 Purchase Premium Determined pursuant to section 2.02 Contracts Assumption of the Contracts as specified in Section 3.05

Appears in 1 contract

Samples: Branch Purchase and Deposit Assumption Agreement (Matrix Bancorp Inc)

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Assets to be Purchased; Purchase Price. Subject to the terms and conditions provided here, Seller agrees to sell to Purchaser, and Purchaser agrees to purchase the Real Estate Properties, the Leases, the Furniture, the Fixtures, the Equipment, the Contracts, Cash on Hand at the Branches, and the Transferred Loans (collectively, the "Assets") as they exist on the Closing Date. The total purchase price for the Assets, subject to adjustment on the Determination Date in accordance with Section 5.03, shall be as follows ("Purchase Price"): Assets Purchase Price Leases and Furniture, $ 227,000 Fixtures and Equipment $ 227,000 Transferred Loans As set forth in Section 2.03. Cash on Hand Face amount Real Estate As set forth in Section 2.07 Purchase Premium Determined pursuant to section 2.02 Contracts Assumption of the Contracts as specified in Section 3.05

Appears in 1 contract

Samples: Branch Purchase and Deposit Assumption Agreement (Access Anytime Bancorp Inc)

Assets to be Purchased; Purchase Price. Subject to the terms and conditions provided here, Seller agrees to sell to Purchaser, and Purchaser agrees to purchase the Real Estate Properties, the LeasesProperty, the Furniture, the Fixtures, the Equipment, the Contracts, Cash on Hand at the BranchesBranch, and the Transferred Loans (collectively, the "Assets") as they exist on the Closing Date. The total purchase price for the Assets, subject to adjustment on as of the Determination Date in accordance with Section 5.03, shall be as follows ("Purchase Price"): Assets Purchase Price Leases and Furniture, $ 227,000 Fixtures and Equipment Book Value not to exceed $200,000 and adjusted to obtain total price per letter of intent Transferred Loans As set forth in Section 2.03. Cash on Hand Face amount Real Estate Property As set forth in Section 2.07 2.06 Purchase Premium Determined pursuant to section 2.02 Contracts Assumption of the Contracts as specified in Section 3.053.04

Appears in 1 contract

Samples: Branch Purchase and Deposit Assumption Agreement (Access Anytime Bancorp Inc)

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Assets to be Purchased; Purchase Price. Subject to the terms and conditions provided here, Seller agrees to sell to Purchaser, and Purchaser agrees to purchase the Real Estate Properties, the LeasesProperty, the Furniture, the Fixtures, the Equipment, the Contracts, Cash on Hand at the BranchesBranch, and the Transferred Loans (collectively, the "Assets") as they exist on the Closing Date. The total purchase price for the Assets, subject to adjustment on as of the Determination Date in accordance with Section 5.03, shall be as follows ("Purchase Price"): Assets Purchase Price Leases and ------ -------------- Furniture, $ 227,000 Fixtures and Equipment Book Value not to exceed $200,000 and adjusted to obtain total price per letter of intent Transferred Loans As set forth in Section 2.03. 2.03 Cash on Hand Face amount Real Estate Property As set forth in Section 2.07 2.06 Purchase Premium Determined pursuant to section 2.02 Contracts Assumption of the Contracts as specified in Section 3.052.02

Appears in 1 contract

Samples: Branch Purchase and Deposit Assumption Agreement (Matrix Bancorp Inc)

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