Consideration to the Seller Sample Clauses

Consideration to the Seller. The entire purchase price for the Assets (the "Consideration") shall consist of (i) the assumption by the Buyer of the Assumed Liabilities, and the Buyer's payment and performance, when due, of all such Assumed Liabilities, subject only to the provisions of Section 2.2 of this Agreement, and (ii) the rights granted under the Letter Agreement to be delivered at the Closing in the form annexed hereto as Exhibit E.
Sample 1Sample 2Sample 3See All (4)
AutoNDA by SimpleDocs
Consideration to the Seller. The purchase price for the Assets, subject to Section 3.2 below (the "Consideration"), shall be equal to Five Million Two Hundred Fifty Thousand Dollars ($5,250,000), which shall be payable by (a) delivering to and depositing with SunTrust Bank, as Escrow Agent under the Escrow Agreement (as defined in Section 7.3), on behalf of the Seller, Two Hundred Fifty Thousand Dollars ($250,000), and (b) paying to the Seller, subject to Sections 3.2 and 3.5 below, the remaining Consideration in U.S. dollars in cash or certified funds by wire transfer of immediately available funds to such account or accounts as shall be designated by the Seller reasonably in advance of the Closing Date.
Sample 1
Consideration to the Seller. The purchase price for the Assets (the "Purchase Price") shall be equal to (a) Five Hundred Thirty- our Thousand Dollars ($534,000), which shall be payable by delivery to the Seller of a promissory note (the "Note") substantially in the form attached hereto as Exhibit A, plus (b) membership interests (the "Membership Interest") in the Buyer representing 19.9% of the fully diluted equity interest in the Buyer. The foregoing purchase price for the Assets shall be in addition to the assumption of the Assumed Liabilities set forth in Section 2.1 above.
Sample 1
Consideration to the Seller. (a) The purchase price for the Assets (the "Consideration") shall be the sum of (i) One Hundred Fifty Thousand ($150,000) Dollars, which will be paid to the Seller on or before July 1, 2004, by wire transfer to an account designated by the Seller or by certified or bank cashier's check, and (ii) 10,000,000 shares of common stock (the "Shares") of the Buyer, which Shares have an agreed value of $1,000,000, issued in the name of the Stockholder and delivered to the Stockholder on the date hereof.
Sample 1

Related to Consideration to the Seller

  • Consideration to the Company In consideration of the grant of the Option by the Company, the Participant agrees to render faithful and efficient services to the Company or any Subsidiary. Nothing in the Plan or this Agreement shall confer upon the Participant any right to continue in the employ or service of the Company or any Subsidiary or shall interfere with or restrict in any way the rights of the Company and its Subsidiaries, which rights are hereby expressly reserved, to discharge or terminate the services of the Participant at any time for any reason whatsoever, with or without Cause, except to the extent expressly provided otherwise in a written agreement between the Company or a Subsidiary and the Participant.

  • Consideration to Company In consideration of the granting of this Option by the Company, the Optionee agrees to render faithful and efficient services to the Company or a Subsidiary, with such duties and responsibilities as the Company shall from time to time prescribe, until the next annual meeting of stockholders of the Company. Nothing in the Plan or this Agreement shall confer upon any Optionee any right to continue as a director of the Company, or shall interfere with or restrict in any way the rights of the Company and any Subsidiary, which are hereby expressly reserved, to discharge the Optionee at any time for any reason whatsoever, with or without good cause.

  • Compensation to the Sub-Adviser For the services to be provided by the Sub-Adviser pursuant to this Agreement, the Adviser will pay the Sub-Adviser, and the Sub-Adviser agrees to accept as full compensation therefor, a sub-advisory fee at the rate specified in Schedule B which is attached hereto and made part of this Agreement. The fee will be calculated based on the average daily value of the Assets under the Sub-Adviser's management and will be paid to the Sub-Adviser monthly. Except as may otherwise be prohibited by law or regulation (including any then current SEC staff interpretation), the Sub-Adviser may, in its discretion and from time to time, waive a portion of its fee.

  • Consideration and Payment for the Shares In consideration for the Shares, PURCHASER has paid a purchase price of a total of $5,000 ($0.005 per Share) (“Purchase Price”).

  • Consideration and Payment The purchase price for the sale of the Purchased Assets sold to the Purchaser on the Closing Date shall equal the estimated fair market value of the Purchased Assets. Such purchase price shall be paid in cash to Santander Consumer in an amount agreed to between Santander Consumer and the Purchaser, and, to the extent not paid in cash by the Purchaser, shall be paid by a capital contribution by Santander Consumer of an undivided interest in such Purchased Assets that increases its equity interest in the Purchaser in an amount equal to the excess of the estimated fair market value of the Purchased Assets over the amount of cash paid by the Purchaser to Santander Consumer.

  • Confirmation to the Company If acting as sales agent hereunder, the Agent will provide written confirmation to the Company no later than the opening of the Trading Day next following the Trading Day on which it has placed Shares hereunder setting forth the number of shares sold on such Trading Day, the corresponding Sales Price and the Issuance Price payable to the Company in respect thereof.

  • Information to Be Provided by the Seller In connection with any Securitization Transaction the Seller shall (i) within five Business Days following request by the Purchaser or any Depositor, provide to the Purchaser and such Depositor (or, as applicable, cause each Third-Party Originator to provide), in writing and in form and substance reasonably satisfactory to the Purchaser and such Depositor, the information and materials specified in paragraphs (a) and (b) of this Section, and (ii) as promptly as practicable following notice to or discovery by the Seller, provide to the Purchaser and any Depositor (in writing and in form and substance reasonably satisfactory to the Purchaser and such Depositor) the information specified in paragraph (d) of this Section.

  • Closing Consideration The closing consideration shall be delivered at the Closing as follows:

  • Purchase Price; Consideration Purchaser shall, on the date hereof (the “Closing Date”), issue to Seller a promissory note, substantially in the form attached hereto as Exhibit B, in the sum of Fifteen Thousand Dollars ($15,000) (the “Promissory Note”) as the consideration for the Ownership Interests.

  • Indemnity by the Seller The Seller shall be liable for, and shall indemnify the Buyer and each of its subsidiaries and each of their directors, employees, agents and representatives (the “Buyer Indemnitees”) against and hold them harmless from, any Losses, suffered or incurred by such Buyer Indemnitee:

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