First Purchase Price Clause Samples
The 'First Purchase Price' clause defines the initial amount to be paid for an asset or business in a transaction. Typically, this clause specifies how the price is calculated, what components are included (such as cash, stock, or assumed liabilities), and when payment is due. For example, it may set a fixed dollar amount or outline a formula based on financial metrics. Its core practical function is to establish a clear, agreed-upon starting point for the transaction, reducing ambiguity and potential disputes over the purchase price.
First Purchase Price. The purchase price for the Sold Stocks (the First Purchase Price) shall amount to USD 10 (ten) million to be paid at the Closing Date to the following bank account (the Designated Account) of the Agent:
First Purchase Price. Section 2.02
First Purchase Price. The purchase price paid for securities under the first transaction on the First Purchase Date.
First Purchase Price. (a) The aggregate purchase price for the First Purchased Shares shall be $15,000,000 (the "First Purchase Price"), which, subject to Section 1.01, shall be allocated among the Buyers as set forth on Schedule A hereto. The First Purchase Price shall be adjusted in proportion to any stock split, subdivision, reverse stock split or combination of the Shares or similar event (each, an "Adjustment Event") occurring after the date hereof but prior to the First Closing (as defined below).
First Purchase Price. The aggregate purchase price for Notes to be purchased by each such Buyer at the First Closing (the “First Purchase Price”) shall be the amount set forth opposite each Buyer’s name in Column (3) of the Schedule of Buyers. Each Buyer shall pay One Thousand Dollars ($1,000) for each One Thousand Dollars ($1,000) of principal amount of Notes to be purchased by such Buyer at the First Closing. The First Purchase Price shall be reduced by (w) any fees payable to the Trustee, (x) any fees due to the Escrow Agent under the Escrow Agreement, (y) the Financial Advisor Fees (as defined in Section 3(g) hereof) and (z) the fees payable to Buyer Counsel under Section 5(g) hereof.
First Purchase Price. The aggregate purchase price for the First Notes and the First Warrants to be purchased by each Buyer at the First Closing (the “First Purchase Price”) shall be the amount set forth opposite such Buyer’s name in column (6) on the Schedule of Buyers.