Failure to Pay Purchase Price Sample Clauses

Failure to Pay Purchase Price. If payment of the Purchase Price is not made as described in Section 6.06(c)(i) or (ii), as applicable, on any Purchase Date for Class A Certificates for which the Tender Option has been exercised, any Mandatory Tender Date or the Optional Disposition Date for Class A Certificates for which the Optional Disposition Right has been exercised because of a failure by the Liquidity Provider to comply with the terms of the Liquidity Facility (a “Liquidity Failure”), then, unless such failure is cured on or before the third Business Day after such date, each Class A Holder will be required to exchange its Class A Certificates for its pro rata share of the Bonds or sales proceeds thereof in accordance with Section 13.04 on the related Exchange Date. The Administrator will immediately notify the Sponsor upon the occurrence of a Liquidity Failure, and the Sponsor will advise the Administrator of the related Exchange Date. The Administrator will notify the Registered Holders, each applicable Rating Agency and the Remarketing Agent within one Business Day after the occurrence of a Liquidity Failure. Any distribution made in connection with such a Liquidity Failure is in no way intended to, and will not, negate or waive any rights of the Holders of Class A Certificates or the Administrator on their behalf, to take any action against, or to pursue any other remedy available to them under the Series Certificate Agreement, under any other document related to the Series Certificate Agreement, at law, in equity or otherwise against Xxxxxxx Mac, with respect to any failure by Xxxxxxx Mac to pay the Purchase Price for Class A Certificates when required to do so and such failure is not cured on or before the third Business Day after the related Mandatory Tender Date or Purchase Date.
Sample 1Sample 2Sample 3See All (8)
AutoNDA by SimpleDocs
Failure to Pay Purchase Price. In the event that the Buyer is unable to fully fund the Purchase Price as set forth in this Agreement (and does not cure such failure within 14 Business Days (or such longer period agreed by Buyer and Sellers’ Agent if the failure is systemic, i.e. 2008 global financial system collapse and not specific to Buyer or Parent)) then the Purchase Price already paid under Section 2 shall, at the election of Sellers’ Agent, (i) be repaid, or (ii) be converted into a minority interest in Targets at a $225,000,000 valuation for Targets (in which case Buyer shall transfer ownership of the Targets back to Sellers (subject to its minority interest) and become party to any equityholder agreements of Targets). By way of example, if Buyer pays the Closing Consideration of $50,000,000 and does not pay any additional Purchase Price, Sellers can either repay $50,000,000 to Buyer or receive a 22.22% equity in each Wholly Owned Target.
Sample 1Sample 2
Failure to Pay Purchase Price. If Purchaser fails to pay the Purchase Price within 36 hours of the Closing Date, Seller’s sole and exclusive remedy shall be to terminate this Agreement. Upon termination of this Agreement, Purchaser shall, within 72 hours thereof, be required to record a deed, in form and substance satisfactory to Seller, to convey the Property back to Seller.
Sample 1Sample 2
Failure to Pay Purchase Price. At the Closing, Investor shall deliver three (3) irrevocable stock powers duly executed in blank (each a "Stock Assignment") to be held by the Company in accordance with this Section 1.3 until payment of the full Purchase Price or their earlier release as provided herein below. In the event that Investor fails to pay any installment of the Purchase Price on or before the tenth (10th) day following the due date for such installment, then in such event the Company shall have the right and option to redeem 127,500 of the Shares ("Redeemed
Sample 1
Failure to Pay Purchase Price. If Newco fails to pay any amounts payable under this Agreement when such amount becomes due, Newco shall have thirty (30) days to cure such non-payment, however, all such overdue amounts shall incur a late payment charge equal to seven percent (7%) per annum until paid. Subject to the subordination provisions of Section 2.6(e) hereof, if all such amounts remain unpaid following the thirty (30) day cure period, then Credence may declare the entire unpaid Purchase Price (other than the Earn-out Consideration or any reimbursement related to Service Liability Costs being less than $4,000,000), plus all accrued and unpaid interest, immediately due without notice. Newco further agrees to pay, in addition to any amounts, all costs incurred by Credence in collection of any amounts due hereunder, including attorneys fees, court costs, and other disbursements, including any such fees accrued on appeal and in any bankruptcy proceeding.
Sample 1

Related to Failure to Pay Purchase Price

  • Payment of Repurchase Price The Repurchase Price shall be payable, at the option of the Company or its assignee(s), by check or by cancellation of all or a portion of any outstanding purchase money indebtedness owed by Participant to the Company, or such assignee, or by any combination thereof. The Repurchase Price shall be paid without interest within sixty (60) days after exercise of the Repurchase Option.

  • Base Purchase Price Buyer agrees to pay for the Assets the total sum of Thirty Million and No/100 Dollars ($30,000,000.00) (“Base Purchase Price”) to be paid by direct bank deposit or wire transfer in same day funds at the Closing, subject only to the price adjustments set forth in this Agreement.

  • Payment of Receivables Purchase Price In consideration of the sale of the Receivables from the Seller to the Purchaser as provided in Section 2.1, on the Closing Date the Purchaser shall have paid to the Seller the Receivables Purchase Price.

  • Repurchase Price Unless agreed otherwise by the Purchaser and the Company, a price equal to (i) the Stated Principal Balance of the Mortgage Loan plus (ii) interest on such Stated Principal Balance at the Mortgage Loan Remittance Rate from the date on which interest has last been paid and distributed to the Purchaser through the last day of the month in which such repurchase takes place, less amounts received or advanced in respect of such repurchased Mortgage Loan which are being held in the Custodial Account for distribution in the month of repurchase.

  • Purchase Price Payment The total Purchase Price for the Property is the amount of the successful bid for the parcel at public auction.

  • Additional Purchase Price The purchase price for the Additional Shares (the "Additional Purchase Price") shall be an amount equal to (i) the difference between (1) the aggregate proceeds to Purchaser from the sale of the Optional Securities and (2) the aggregate cost to Purchaser, as notified by Purchaser to Seller at the Second Time of Delivery, of the Additional STRIPS, multiplied by (ii) a fraction, the numerator of which is the Firm Share Base Amount and the denominator of which is the number of Firm Securities.

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

  • Agreement to Purchase Purchase Price Buyer acknowledges that it was the successful bidder for the Property at the Foreclosure Sale with a successful bid for the Property at the Foreclosure Sale in the amount of [ ] ($ ) (the “Purchase Price”), and agrees to purchase all of the interest in the Property from Seller in accordance with and in reliance upon the terms and conditions of this Agreement.

  • Purchase Price and Payment Date Each Asset purchased by the Receiver pursuant to this Section 3.4 shall be purchased at a price equal to the Repurchase Price of such Asset less the Related Liability Amount applicable to such Asset, in each case determined as of the applicable Put Date. If the difference between such Repurchase Price and such Related Liability Amount is positive, then the Receiver shall pay to the Assuming Institution the amount of such difference; if the difference between such amounts is negative, then the Assuming Institution shall pay to the Receiver the amount of such difference. The Assuming Institution or the Receiver, as the case may be, shall pay the purchase price determined pursuant to this Section 3.4(d) not later than the twentieth (20th) Business Day following the applicable Put Date, together with interest on such amount at the Settlement Interest Rate for the period from and including such Put Date to and including the day preceding the date upon which payment is made.

  • The Purchase Price If the sale of the Property is not subject to HST, Seller agrees to certify on or before (included in/in addition to) closing, that the sale of the Property is not subject to HST. Any HST on chattels, if applicable, is not included in the Purchase Price.

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