Deposit and Purchase Price. 6 (a) Deposit........................................................ 6 (b)
Deposit and Purchase Price. 2.1 In consideration of the Deposit of Ringgit Malaysia Four Million One Hundred and Fifty Thousand (RM4,150,000.00) only now paid by the Purchaser in accordance with Clause 2.2 by way of deposit and part payment of the Purchase Price, the Vendor agrees to sell and the Purchaser agrees to purchase the Land at the Purchase Price of Ringgit Malaysia Twenty Million Seven Hundred and Fifty Thousand (RM20,750,000.00) only on an “as is where is” basis as at the Completion Date free from all Encumbrances and with vacant possession but subject to the Vendor’s Warranties, existing category of land use, all express and implied conditions and restrictions in interest endorsed on the Document of Title and all unregistered easements favouring Tenaga Nasional Berhad (if any) and Gas Malaysia (if any) only and upon the terms and conditions hereinafter contained.
2.2 The Deposit shall be paid by the Purchaser on the date of execution of this Agreement in the following manner:
2.2.1 the Retention Sum shall be paid to the Vendor’s Solicitors as stakeholders upon the execution of this Agreement who are authorised to forward the Retention Sum to the Director General of Inland Revenue being the payment for the RPGT payable under the provisions of the RPGT Act as stated under Clause 14 hereunder; and
2.2.2 the Balance Deposit shall be paid to the Vendor’s Solicitors, as stakeholders, upon the execution of this Agreement. The Vendor’s Solicitors shall release the Balance Deposit together with all accrued interest thereon to the Vendor on the Unconditional Date.
2.3 Subject to the obligation of the parties to complete the sale and purchase of the Land upon this Agreement becoming unconditional in accordance with Clause 3.8, the Purchaser shall pay the Balance Purchase Price of Ringgit Malaysia Sixteen Million and Six Hundred Thousand (RM16,600,000.00) only in accordance with Clause 6.1 on or before the Payment Deadline.
2.4 If the Purchaser is unable to pay the Balance Purchase Price in accordance with Clause 2.3 for any reason, the Payment Deadline shall be automatically extended to the Extended Payment Deadline provided that the Purchaser pays to the Vendor interest on the Balance Purchase Price then outstanding at the rate of eight (8%) per centum per annum calculated on a daily basis from the first day of the Extended Period until the Completion Date. The interest due, if any, shall be paid at the same time as the payment of the Balance Purchase Price.
2.5 The Vendor’s Solici...
Deposit and Purchase Price. 16 3.1 Deposit.......................................................................................................................... 16
Deposit and Purchase Price. The consideration to be paid by Offeror for the Property will be a total purchase price (the “Purchase Price”) equal to the amount of:
Deposit and Purchase Price. (a) Contemporaneously with the execution hereof, the Buyer shall deliver to the Sellers $500,000 as a deposit (which shall be credited towards the Purchase Price (as hereinafter defined) at the Closing) to secure the performance of its obligations under this Agreement. If this Agreement is terminated prior to the Closing by the Sellers pursuant to Section 5.1(d), then the Sellers shall retain this deposit as full and final liquidated damages suffered by the Sellers as a result of the Buyer's failure to close the transactions contemplated hereby. If this Agreement is terminated prior to the Closing pursuant to Subsections 5.1(a), 5.1(b) or 5.1
(c) by the Buyer, the Sellers shall promptly, after such termination, return this deposit to the Buyer.
(b) The Buyer shall, subject to the terms hereof, pay at the Closing (as hereinafter defined) $32,000,000 (as it may be adjusted pursuant to this Section 1, the "Purchase Price") to the Sellers in the manner provided in Subsection 2.1. If, prior to the Closing Date, any Vessel shall become an actual or constructive total loss, the Purchase Price shall be reduced by $4,500,000 for each such Vessel and such Vessel shall not be sold or transferred to the Buyer at the Closing.
Deposit and Purchase Price. 12 3.1 Earnxxx Xxxey Deposit in Escrow .............................. 12 3.2 Purchase Price and Handling of Earnxxx Xxxey Deposit.......... 12 3.3
Deposit and Purchase Price. 7 (a) (b) (c) (d) Deposit Purchase Price Closing Date Payments Post-Closing Adjustment for Hydrocarbon Inventories 7 8 9 9 4. ASSUMPTION OF LIABILITIES 9
Deposit and Purchase Price. 7 (a) Deposit..........................................................7 (b) Material Asset Defect............................................8 (c)
Deposit and Purchase Price. A. BUYER(S) must pay 10% of the bid amount, $ upfront when participating in the commercial timber auction process, payable to the Fairbanks North Star Borough. The SELLER will apply this amount toward the purchase price of the timber in the Sale Area as described below. Physical: 000 Xxxxxxxx Xx. Xxxxxxxxx, XX 00000 Website: xxxx.xxx Mailing: PO Box 71267, Fairbanks, AK 99707 B. Purchase price is ($ ) minus ($ )(10%) bid deposit with a remaining balance of ($ ) payable as outlined below:
C. SELLER and BUYER(S) agree that, before harvesting can take place, BUYER(S) shall pay all remaining funds owed to the Borough in the following form: interbank electronic transfer, money order, certified check or cashier’s check drawn on a financial institution located in the state of Alaska; or any above combination that permits the deposit to cash not later than , 2024.
D. BUYER shall forfeit the full amount of the bid deposit should they fail to execute the Contract as a reasonable estimate of the actual costs to the SELLER of finding an alternate buyer for the timber and not as a penalty.
Deposit and Purchase Price. (a) The total purchase price ("Purchase Price") for the Shares is Sixty One Thousand and NO/100 Dollars ($61,000.00) The Purchase Price shall be paid by Buyer to Sellers in accordance with Sections 2(b) and 2(c) hereof.
(b) Buyer shall pay to Seller at the Closing (as defined below), Twenty Five Thousand and No/100 Dollars ($25,000.00) of the Purchase Price by check or wire transfer.
(c) Commencing August 15, 1997, Buyer shall pay to Seller Thirty Six Thousand and No/100 Dollars ($36,000.00) in eighteen (18) equal monthly installments of Two Thousands and No/100 Dollars ($2,000.00) each.
