Deposit and Purchase Price Sample Clauses
Deposit and Purchase Price. 16 3.1 Deposit.......................................................................................................................... 16
Deposit and Purchase Price. The Purchaser and the Vendor hereby acknowledge and agree as follows:
(a) the Purchaser has paid the Deposit to the Vendor, by certified cheque or bank draft, within 48 hours of being notified of the Vendor’s acceptance of the Purchaser’s offer to purchase the Lands; and
(b) the Purchaser will pay the balance of the Purchase Price, subject to the adjustments made pursuant to Section 4.3, on the Completion Date as provided herein (the “Balance”). The Deposit will not accrue any interest to the Purchaser’s credit during the period in which the Deposit is held by the Vendor. The Deposit will be dealt with as follows:
(c) on the Completion Date, the Vendor will credit the Deposit towards the Purchase Price if the parties complete the purchase and sale of the Lands on the Completion Date; or
(d) the Vendor will return the Deposit to the Purchaser if the Mutual Conditions set out in Article 3 are not satisfied or waived in the manner and within the time provided therein; or
(e) if the Purchaser is not in default of any of its obligations under this Agreement and the Vendor is in default of its obligation to complete the sale of the Lands hereunder, then the Vendor will return the Deposit to the Purchaser, as the Purchaser’s sole remedy and in full and final satisfaction of any and all claims by the Purchaser against the Vendor; or
(f) if the Purchaser is in default of its obligation to complete the purchase of the Lands hereunder, or if the Purchaser repudiates this Agreement, then the Deposit will be absolutely forfeited to the Vendor as liquidated damages, but without prejudice to any other rights or remedies of the Vendor whether at law or in equity.
Deposit and Purchase Price. 19 4.1 Deposit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .19 4.2
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. 7 (a) Deposit..........................................................7 (b) Material Asset Defect............................................8 (c)
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. 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) 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.
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. (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.