Common use of FEES AND FINANCIAL OBLIGATIONS Clause in Contracts

FEES AND FINANCIAL OBLIGATIONS. A. In consideration of the right to distribute Products granted herein, Distributor agrees upon execution of this Agreement, to pay to Adelaide, the sum of ONE MILLION TWO HUNDRED FIFTY THOUSAND ($1,250,000.00) DOLLARS, as consideration solely for the right to distribute Products and which right shall be acquired, in full, upon execution of this Agreement by Adelaide whereupon such fee shall be fully earned and non-refundable under any circumstance whatsoever and subject to fee payment Schedule "B". B. It is expressly agreed between the parties that as consideration for the grant of distribution rights hereunder by Adelaide to Distributor and as an express condition of such grant, that Distributor purchase from Adelaide a minimum number of french fry vending machines upon the terms and conditions set forth on Schedule "B" attached hereto and forming a part of this Agreement. C. Unless otherwise specified herein, all amounts stated herein or payments to be made to Adelaide under this Agreement shall be in U.S. Dollars. Such payments shall be made in such manner as is specified from time to time by Adelaide but may include, but without limiting the generality of the foregoing, bank wire transfer, or certified check delivered to Adelaide accounts at such place as Adelaide may from time to time designate.

Appears in 1 contract

Samples: Distributor Agreement (Tasty Fries Inc)

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FEES AND FINANCIAL OBLIGATIONS. A. In consideration of the right to distribute Products granted herein, Distributor agrees upon execution of this Agreement, to pay to Adelaide, the sum of ONE MILLION TWO HUNDRED FIFTY THOUSAND DOLLARS ($1,250,000.00) DOLLARS50,000.00), as consideration solely for the right to distribute Products and which right shall be acquired, in full, upon execution of this Agreement by Adelaide whereupon such fee shall be fully earned and non-refundable under any circumstance whatsoever and subject to fee payment Schedule "B". B. It is expressly agreed between the parties that as consideration for the grant of distribution rights hereunder by Adelaide to Distributor and as an express condition of such grant, that Distributor purchase from Adelaide a minimum number of french fry vending machines upon the terms and conditions set forth on Schedule "B" attached hereto and forming a part of this Agreement. C. Unless otherwise specified herein, all amounts stated herein or payments to be made to Adelaide under this Agreement shall be in U.S. Dollars. Such payments shall be made in such manner as is specified from time to time by Adelaide but may include, but without limiting the generality of the foregoing, bank wire transfer, or certified check delivered to Adelaide accounts at such place as Adelaide may from time to time designate.

Appears in 1 contract

Samples: Distributor Agreement (Tasty Fries Inc)

FEES AND FINANCIAL OBLIGATIONS. A. In consideration of the right to distribute Products granted herein, Distributor agrees upon execution of this Agreement, to pay to Adelaide, the sum of ONE MILLION TWO HUNDRED SEVEN HUNDRED-FIFTY THOUSAND DOLLARS ($1,250,000.00) DOLLARS750,000.00), as consideration solely for the right to distribute Products and which right shall be acquired, in full, upon execution of this Agreement by Adelaide whereupon such fee shall be fully earned and non-refundable under any circumstance whatsoever and subject to fee payment Schedule "B". B. It is expressly agreed between the parties that as consideration for the grant of distribution rights hereunder by Adelaide to Distributor and as an express condition of such grant, that Distributor purchase from Adelaide a minimum number of french fry vending machines upon the terms and conditions set forth on Schedule "B" attached hereto and forming a part of this Agreement. C. Unless otherwise specified herein, all amounts stated herein or payments to be made to Adelaide under this Agreement shall be in U.S. Dollars. Such payments shall be made in such manner as is specified from time to time by Adelaide but may include, but without limiting the generality of the foregoing, bank wire transfer, or certified check delivered to Adelaide accounts at such place as Adelaide may from time to time designate.

Appears in 1 contract

Samples: Distributor Agreement (Tasty Fries Inc)

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FEES AND FINANCIAL OBLIGATIONS. A. In consideration of the right to distribute Products granted herein, Distributor agrees upon execution of this Agreement, to pay to Adelaide, the sum of ONE MILLION TWO HUNDRED FIFTY FORTY-FIVE THOUSAND DOLLARS ($1,250,000.00) DOLLARS45,000.00), as consideration solely for the right to distribute Products and which right shall be acquired, in full, upon execution of this Agreement by Adelaide whereupon such fee shall be fully earned and non-refundable under any circumstance whatsoever and subject to fee payment Schedule "B". B. It is expressly agreed between the parties that as consideration for the grant of distribution rights hereunder by Adelaide to Distributor and as an express condition of such grant, that Distributor purchase from Adelaide a minimum number of french fry vending machines upon the terms and conditions set forth on Schedule "B" attached hereto and forming a part of this Agreement. C. Unless otherwise specified herein, all amounts stated herein or payments to be made to Adelaide under this Agreement shall be in U.S. Dollars. Such payments shall be made in such manner as is specified from time to time by Adelaide but may include, but without limiting the generality of the foregoing, bank wire transfer, or certified check delivered to Adelaide accounts at such place as Adelaide may from time to time designate.

Appears in 1 contract

Samples: Distributor Agreement (Tasty Fries Inc)

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