CONSIDERATION PAYABLE Sample Clauses

CONSIDERATION PAYABLE. 2.1 SmarTire will pay to TRW US$2,800,000.00 on the terms and conditions set forth in Sections 2.2 and 2.3. 2.2 SmarTire will pay to TRW the sum of US$500,000 and execute and deliver to TRW on the Closing Date the Secured Promissory Note attached to, and by reference incorporated in, this Agreement as Exhibit 1. 2.3 In order to secure the payments due under the Secured Promissory Note delivered to TRW pursuant to subparagraph 2.2, SmarTire will execute and deliver to TRW on the Closing Date the General Security Agreement attached to, and by reference incorporated in, this Agreement as Exhibit 2A, together with all financing statements and other documents that TRW may reasonably request to perfect TRW's security interest in all collateral pledged pursuant to the General Security Agreement. In addition, SmarTire will cause its subsidiaries to execute and deliver to TRW on the Closing Date the Guaranty, attached to, and by reference incorporate in, this Agreement as Exhibit 2B.
Sample 1Sample 2
AutoNDA by SimpleDocs
CONSIDERATION PAYABLE. 2.1 The consideration payable by Purchaser for the transfer of the Escrow Shares from the Vendor is $1.00 and other good and valuable consideration. 327
Sample 1
CONSIDERATION PAYABLE. 3.1. The Consideration is payable by the Purchaser to the Seller as follows – 3.1.1. the deposit of R ( Rand) within 7 (seven) days from the Signature Date; and 3.1.2. the balance of the Consideration as set out in clause 5.5 of the Schedule of Particulars against Transfer. 3.2. Should this Agreement be subject to the condition precedent contained in clause 10.1.5 (loan approval) and a shortfall exists after taking into account the proceeds of the loan, then the
Sample 1
CONSIDERATION PAYABLE. 4.1 The PURCHASER shall on the DATE OF SIGNATURE HEREOF pay to the SELLER the amount stipulated in 2.1 of the SCHEDULE as payment for the Right of Pre-Emption granted by the SELLER to the PURCHASER. 4.2 Such amount shall be deemed to be a non-refundable deposit and shall be retained by the SELLER in the event of the PURCHASER failing to fulfil its obligations as per Clause 3 above and the persons holding such deposit are irrevocably authorised to pay the consideration to the SELLER. 4.3 The amount shall immediately be paid directly into the banking account as set out in clause 3 of the SCHEDULE. 4.4 In the event of the PURCHASER fulfilling all of its obligations in terms of this Agreement, the amount paid shall be offset against the total Purchase Price of the UNIT. 4.5 It is recorded that The PURCHASER hereby provides an irrevocable authorisation to the CONVEYANCERS authorising them to pay the amount reflected in 2.1 to the SELLER or its nominated agent after signature of this Agreement.
Sample 1
CONSIDERATION PAYABLE. 4.1. The PURCHASER will pay to the SELLER a non-refundable amount equivalent to the PRE-EMPTIVE CONSIDERATION as consideration for the granting of the PRE-EMPTIVE RIGHT in favour of the PURCHASER, in terms of this AGREEMENT. 4.2. The PRE-EMPTIVE CONSIDERATION is payable by the PURCHASER directly into the bank account of the SELLER, as detailed in the above schedule, on the date of signature hereof, failing which this AGREEMENT will lapse and be of no further force or effect. 4.3. In the event that the PURCHASER accepts the SELLER’s WRITTEN OFFER TO PURCHASE the UNIT, as per clause 2.1 above, the PRE-EMPTIVE CONSIDERATION will be credited towards the total PURCHASE PRICE of the UNIT. 4.4. No interest shall be credited to or payable to the PURCHASER on the PRE-EMPTIVE CONSIDERATION in any circumstances where such PRE-EMPTIVE CONSIDERATION may, for any reason, be repaid to the PURCHASER.
Sample 1
CONSIDERATION PAYABLE. 5.1 The PURCHASER shall on DATE OF SIGNATURE HEREOF pay to the SELLER the amount stipulated in 1.5 of the SCHEDULE as payment for the Right of Pre-Emption granted by the SELLER to the PURCHASER. 5.2 The amount shall immediately be paid directly into the banking account as set out in clause 4 of the SCHEDULE. 5.3 Such amount shall be deemed to be a non-refundable PRE-EMPTIVE CONSIDERATION and shall be retained by the SELLER in the event of the PURCHASER failing to fulfil its obligations as per Clause 4 above and the persons holding such PRE-EMPTIVE CONSIDERATION are irrevocably authorised to pay the consideration to the SELLER. 5.4 In the event of the PURCHASER fulfilling all of its obligations in terms of this PRE-EMPTION AGREEMENT and the CONTRACT to be signed, the amount paid in terms of clause 1.5 of this PRE-EMPTION AGREEMENT shall be credited towards the PURCHASE PRICE of the UNIT. 5.5 It is recorded that the PURCHASER hereby provides an irrevocable authorisation to the CONVEYANCERS authorising them to pay the amount reflected in 1.5 to the SELLER or its nominated agent on signature of this PRE-EMPTION AGREEMENT. 5.6 It is further recorded that the PURCHASER acknowledges that the amount paid in terms of 1.5 is paid as a consideration for the SELLER granting the PURCHASER a right of pre-emption in respect of the UNIT and is payable directly to the SELLER. This PRE-EMPTVE CONSIDERATION is therefore not invested for the benefit of the PURCHASER and accordingly does not attract interest.
Sample 1
CONSIDERATION PAYABLE. 5.1 The Resident/Responsible Person shall pay to KAMDEBO the following: 5.1.1 The admission fee as set out in paragraph 2.8 on the date of signature of this agreement and which is non-refundable. 5.1.2 The monthly consideration as set out in paragraph 2.5 in respect of the occupancy of the room/portion thereof and the delivery of the included services which is payable on or before the first day of each and every month.
Sample 1
AutoNDA by SimpleDocs
CONSIDERATION PAYABLE. The consideration payable by the Purchaser to the Vendors for the Purchased Shares shall be $20,800,000 and shall be allocated and paid as set out forth in Section 2.03. The Vendors acknowledge and agree that the Purchaser may pay all or a portion of the consideration for the Purchased Shares by issuing shares of the Purchaser's common stock to the Vendors, in which event the Vendors hereby irrevocably, jointly and severally, authorize and direct the Purchaser to sell said shares in the public market pursuant to an effective registration on Form SB-2 in order to fulfill this provision, and provided in any event that said shares shall be sold as soon as possible by such means and that, after giving effect to such sales, the Purchaser shall have paid to the Vendors an aggregate of $20,800,000 in cash.
Sample 1
CONSIDERATION PAYABLE. The parties agree that: (a) subject to this clause and clause 4.4, the consideration payable to the Landowner (Consideration) shall be payable in accordance with Schedule 2; (b) the Consideration described in clause 4.3(a) is payable unless the parties subsequently agree in writing to revised or different Consideration.
Sample 1

Related to CONSIDERATION PAYABLE

  • Consideration Payment 5.1 In consideration of the Company’s Services, the Client shall pay to the Company the Consideration to be stipulated in the Termsheet and all reasonable out of pocket expenses (if any) in accordance with the commercial terms and payment terms as detailed in the Separate Agreement. 5.2 The Company shall send its staff to check for the quality of completion of the Project(s) together with the Client. The Client shall pay for the Company’s Services within 90 days upon the completion of the Project(s) to the satisfaction of the Client. 5.3 The Company shall be entitled to the receivables from the Client for the percentage of Work completed. The date of payment of such Work is stated in the Termsheets and unless the Company is not satisfied with the quality of Work completed and/or the Client has not fulfilled the terms and conditions specified under the Termsheets.

  • Settlement Consideration In consideration for the full and complete release of all Released Claims against all Released Parties, and the dismissal of the Action with prejudice, Defendant VWGoA agrees to provide the following consideration to the Settlement Class: A. Reimbursement for Past Unreimbursed Out-of-Pocket Expenses Paid for a Covered Repair of an Audi Q5, SQ5, Q5 Sportback or SQ5 Sportback Settlement Class Vehicle Prior to the Notice Date. (1) If the Covered Repair was performed prior to March 18, 2022, the Settlement Class Member shall be entitled to 100% of their paid out-of-pocket expenses (parts and labor) for the Covered Repair. (2) If the Covered Repair was performed on or after March 18, 2022, the Settlement Class Member shall be entitled to receive 100% of their paid out-of-pocket expenses (parts and labor) for the Covered Repair, provided that the Settlement Class Member submits, in addition to the Claim Form and Proof of Repair Expense, either (i) proof that Recall 90S9 was performed on the vehicle prior to the Covered Repair, or (ii) a signed declaration attesting, under penalty of perjury, that Recall 90S9 was not performed prior to the Covered Repair because that Settlement Class Member was not notified of Recall 90S9 prior to the Covered Repair, and /Audi records do not show otherwise. Proof that Recall 90S9 was performed shall take the form of an original or legible copy of an invoice, receipt, or similar record confirming that Recall 90S9 was performed on the Audi Q5, SQ5, Q5 Sportback or SQ5 Sportback Settlement Class Vehicle, the date that it was performed, and the Audi dealership that performed it. (3) Subject to sub-sections (1) and (2) above, if the Covered Repair was performed by a service entity or facility that is not an authorized Audi dealer, the Settlement Class Member must also submit, together with the other proof and submission requirements set forth in this Section II.A., documentation (such as a written estimate or invoice), or if documents are not available after a good-faith effort to obtain them, a Declaration signed under penalty of perjury, confirming that the Settlement Class Member first attempted to have the Covered Repair performed by an authorized Audi dealer, but the dealer declined or was unable to perform the repair free of charge. Reimbursement for a Covered Repair performed by a service entity or facility that is not an authorized Audi dealer shall not exceed a maximum reimbursement amount (parts and labor) of $1,450. B. Reimbursement for Past Unreimbursed Out-of-Pocket Expenses Paid for a Covered Repair of an Audi S6, S7, A6 allroad, RS 6 Avant, RS 7, A6 sedan or A7 Settlement Class Vehicle Prior to the Notice Date. C. Requirements for and Limitations on Entitlement to Reimbursement Set Forth in Sections II.(A) and (B). (1) To qualify for reimbursement of past paid and unreimbursed out-of-pocket expenses for a Covered Repair under Sections II.(A) and (B) above, the Settlement Class Member must mail to the Claim Administrator, by first-class mail post-marked no later than seventy-five

  • First Consideration The Employer agrees that when a vacancy occurs or a new position is created at the worksite which is within the Union bargaining unit, the Employer shall give its employees, provided there are no employees currently on lay-off, first notice and first consideration in filling the vacancy or new position. Each employee who applies for the vacancy or new position shall be given equal opportunity to demonstrate fitness for the position by formal interview and/or assessment. Where an employee within the bargaining unit is not appointed to fill the vacancy or new position, she shall be given, upon request, an explanation as to why her application was not accepted. The request for reasons must be made within fourteen (14) calendar days of becoming aware that the employee is not the successful candidate, pursuant to Article

  • Compensation & Payment 8.4.1. Should the claim be found proven; settlement is executed only in the form of compensation payment added to the Client trade account. 8.4.2. Compensation shall not compensate the profit not received by the Client in the event that the Client had an intention to perform some action but has not performed it for some reason. 8.4.3. The Company shall not compensate non-pecuniary damage to the Client. 8.4.4. The Company adds a compensation payment to the Client trading account within one working day since the moment of making a positive decision on the dispute situation.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!