DEPOSIT TOWARDS PURCHASE PRICE Sample Clauses

DEPOSIT TOWARDS PURCHASE PRICE. Purchaser acknowledges and understands that by entering into this Agreement, Seller has forgone a profitable opportunity to cause the Company to enter in to an agreement for the sale of substantially all of the Company's assets. Accordingly, as a covenant independent of the Closing (as defined below), on the date hereof, Purchaser shall pay Seller in good funds by wire transfer to an account or accounts designated by Seller or, in the absence of such designation, by certified or bank cashier's checks payable to Seller delivered to Seller's address set forth above, the sum of Four Hundred Thousand Dollars [$400,000] (the "Payment Upon Execution"). If Purchaser shall not pay when due the Payment Upon Execution, Seller may terminate this Agreement and either exercise any and all remedies available to Seller hereunder, at law or in equity or retain as liquidated damages the Payment Upon Execution. Notwithstanding anything herein to the contrary, the Payment Upon Execution shall be deemed earned by Seller as of the date of this Agreement and shall not be refundable to Purchaser under any circumstances whatsoever.
Sample 1
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Related to DEPOSIT TOWARDS PURCHASE PRICE

  • The Purchase Price Notwithstanding the termination of the Option, Grantee will be entitled to exercise its rights under this Section 6(c) if it has exercised such rights in accordance with the terms hereof prior to the termination of the Option.

  • Cash Purchase Price The term "Cash Purchase Price" shall have the meaning set forth in Section 2.3(a).

  • Purchase Price Deposit The purchase price (the “Purchase Price”) for the Property, subject to adjustments as provided in this Agreement, shall be FIFTY MILLION TWO HUNDRED FIFTY THOUSAND DOLLARS and 00/100 Dollars ($50,250,000.00), and shall be paid as follows:

  • Deposit of Repurchase Price On or prior to the Repurchase Date, the Company shall deposit with the Trustee or with a Paying Agent (or, if the Company is acting as its own Paying Agent, segregate and hold in trust as provided in Section 10.03) an amount of money sufficient to pay the Repurchase Price of the Securities which are to be repaid on the Repurchase Date.

  • Share Purchase Price The aggregate purchase price for the Purchased Shares (the "Share Purchase Price") will consist of the payment of an amount of cash, equal to $30.10 per Purchased Share, as set forth on Schedule I.

  • Purchase Price; Payment of Purchase Price In addition to the Assumed Liabilities described below, the aggregate consideration for the Subject Assets (the “Purchase Price”) shall be the amount equal to: $2,000,000. The Purchase Price shall be subject to adjustment as set forth in Section 1.7 below as so adjusted.

  • Aggregate Purchase Price The aggregate purchase price for the Notes (the “Aggregate Purchase Price”) shall equal the result of (x) divided by (y), where (x) equals the Aggregate Principal Amount and (y) equals 1.25. Each date upon which a Closing occurs is a “Closing Date”.

  • Base Purchase Price 10 3.2 Adjustments to Base Purchase Price..................................... 10 3.3

  • Purchase Price Payment Purchaser shall deliver to SAFEDOX the sum of $5,000 in payment of the 16,667 shares of Common Stock purchased by Purchaser hereunder, a per share price of $.30, which payment shall be delivered as provided in paragraphs VI and VII hereinbelow.

  • Purchase Price and Deposit The total purchase price ("Purchase Price") for the Property shall be an amount equal to $22,500,000.00, payable by Purchaser, as follows:

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