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.
Price and Payment 4.1 Unless otherwise specified in the Purchase Order, the price for the Work includes all taxes and other charges such as shipping and delivery charges, duties, customs, tariffs, imposts and government-imposed surcharges. Supplier will, at Cisco’s request, break-out from the price all such taxes and other charges, in its invoices. Supplier shall use its best efforts to assist Cisco in all legal efforts to minimize the taxes resulting from the performance of this Purchase Order.
Allocation of Purchase Price The Purchase Price shall be allocated among the Assets in accordance with an independent appraisal to be performed by BIA Consulting, Inc., at the expense of Buyer. Should the independent appraisal result in an allocation of (a) not more than $1,500,000.00 to Code ss. 1231 depreciable real property, being of the class commonly identified as buildings and other Improvements of a type requiring a capital gain rate to Seller for the recaptured portion thereof to be taxable under the Code at 25% nominal rates; (b) in the aggregate not more than $330,000.00 to Code ss. 1245 or personal property, being of the class commonly identified as Towers, fuel tanks and other similar Improvements, fixtures, appurtenances and other property, whether personal or real, of a type requiring the recaptured portion thereof or, with respect to personal property, the allocated amount thereof, to be taxable under the Code to Seller at ordinary income tax rates, and (c) the balance of the Purchase Price to be allocated to either non- depreciable real property and/or going concern value (or goodwill) taxable only as capital gain under the Code to Seller at 20% nominal rates, then Buyer and Seller shall agree thereto and use such allocations as are so established by the independent appraisal. Should the appraisal result in recommended allocations differing from the above parameters, (i) Seller shall have the right to approve of such differing allocations, or (ii) within three (3) days of notice by Seller of Seller's unwillingness to agree to such differing allocations, or should Buyer not agree to utilize allocations within the above parameters, then either Seller or Buyer shall have the right to terminate this Agreement without further liability. Buyer and Seller shall file with its respective federal income tax return for the tax year in which the Closing occurs, IRS Form 8594 containing the information set forth in the allocation. Buyer agrees to report the purchase of the Assets, and Seller agrees to report the sale of such Assets, for income tax purposes in a manner consistent with the information provided pursuant to this Section 3.3 and contained in IRS Form 8594.
Payment of Purchase Price The Purchase Price shall be paid as follows: