Consideration for the Sale Sample Clauses
The 'Consideration for the Sale' clause defines the payment or value that the buyer agrees to provide in exchange for the goods, services, or assets being sold. This clause typically specifies the amount, form (such as cash, shares, or other assets), and timing of the payment, and may outline any conditions or adjustments to the consideration. By clearly stating what the seller will receive, this clause ensures both parties understand their obligations and helps prevent disputes over payment terms.
Consideration for the Sale. At Delivery, in consideration for Seller's assignment of the Assigned Property to Purchaser pursuant to the Purchase Agreement Assignment and Seller's lease of the Aircraft from Purchaser pursuant to the Lease Agreement as contemplated in Section 2 hereof (subject to the satisfaction or written waiver by the Purchaser of the conditions precedent set forth in Section 9 hereof), Purchaser shall pay to Airbus at such account as Airbus or Seller shall advise to Purchaser in writing no less than two Business Days prior to Delivery, the Purchase Price in full for the Assigned Property.
Consideration for the Sale. At each Closing, in consideration for the sale of each of the applicable Aircraft as contemplated in Section 2 (subject to the satisfaction or written waiver by the Purchaser of the conditions precedent set forth in Section 9 hereof), Purchaser shall, (a) pay to Seller the allocable portion of the Cash Payment for such Aircraft and (b) borrow under the applicable Facility Documents the Net Allocable Purchase Price for such Aircraft and cause such Net Allocable Purchase Price to be funded directly to Seller, in each case by wire transfer of immediately available funds to the following account of Seller: ▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ ABA: [**] A/C: Boeing Capital Loan Corporation Acct#: [**] SWIFT: [**] Ref: Hawaiian Airlines 717 Sale
Consideration for the Sale. (a) In consideration for Seller's sale of its interest in the Rail Lines, and Seller's conveyance to Buyer of the other rights, interests and obligations described in Paragraph 1 of this Agreement, Buyer agrees to all of the following:
(1) To accept all transferred real and personal property "AS IS, WHERE IS" and "with all faults", except for the specific representations and warranties set forth in this Agreement, the Quitclaim Deed and the Bill ▇▇ Sale.
(2) To conduct rail freight transportation business on the Rail Lines for as long as it is economically reasonable to do so.
(3) To pay Seller on the date of this Agreement, by certified check, an earn▇▇▇ ▇▇▇ey deposit toward the purchase price, in the amount of $180,000.00. This amount shall be applied at Closing toward the full purchase price for Seller's assets, rights and obligations to be conveyed to Buyer as set forth herein, of THREE MILLION, SIX HUNDRED AND FIFTY THOUSAND DOLLARS ($3,650,000.00). Consequently, at Closing, Buyer shall pay $3,470,000.00 by wire transfer to either: (i) Seller, or (ii) Apex Property & Burlington Exchange, Inc. ("APEX"), Seller's intended assignee of Seller's right to receive payment of the purchase price for the Rail Lines. The wire transfer by Buyer shall be made in accordance with written wire transfer instructions provided to Buyer by Seller. APEX is a qualified intermediary within the meaning of Section 1031 of the Internal Revenue Code of 1986, as amended, and Treasury Regulation Section 1.1031(k)-1(g). Seller intends to assign to APEX Seller's right to receive payment of the purchase price for the Rail Lines, for the purpose of Seller completing a tax-deferred exchange. Seller shall retain the earn▇▇▇ ▇▇▇ey deposit as liquidated damages if for any reason this transaction does not close on December 27, 1996 or some earlier date agreed to by the parties in writing, except that Seller shall not have the right to retain this deposit if this transaction does not close because some event beyond Buyer's control, and despite Buyer's best efforts to control such event and close this transaction, occurs after November 26, which event either materially reduces the value of the Rail Lines or materially adversely affects Buyer's ability to operate over the Rail Lines.
(4) To cooperate with Seller with respect to any tax-deferred exchange, and to execute such documents as may be required to effect any tax-deferred exchange. Seller shall indemnify, defend and hold harmless Buye...
Consideration for the Sale. In consideration of the sale and transfer of the Assets of Seller to the Purchasers and the representations, warranties, and covenants of Seller set forth in this Agreement, on the Closing Date Purchasers shall pay to Seller the amount of THIRTEEN MIILLION TWO HUNDRED THOUSAND ($13,200,000.00) DOLLARS, as may be adjusted in accordance herewith (the "Purchase Price"), which Purchase Price shall be paid by the Purchasers to the Seller as follows:
(a) By release from the escrow account by the Title Company to the account of Seller, an amount equal to the Earnest Money; and
(b) By way of immediately available funds, a▇ ▇▇▇▇▇t equal to the Purchase Price less amounts paid to Seller in Section 2.04(a) above.
Consideration for the Sale. In consideration of the sale and transfer of the Assets of Seller to the Purchaser and the representations, warranties, and covenants of Seller set forth in this Agreement, on the Closing Date Purchaser shall pay to Seller the amount of NINE HUNDRED TWENTY FOUR THOUSAND FIVE HUNDRED FORTY ($924,540) DOLLARS, as may be adjusted in accordance with Section 2.05 (the “Purchase Price”), which Purchase Price shall be paid by the Purchaser to the Seller by way of immediately available funds.
Consideration for the Sale