GUARANTEE FOR BALANCE OF PURCHASE PRICE Sample Clauses

GUARANTEE FOR BALANCE OF PURCHASE PRICE. The Purchaser shall provide the Seller or the attorneys with a bank or other guarantee acceptable to the Seller for the payment of the balance of the purchase price. This guarantee must be provided within 10 (TEN) ordinary days of signature of this agreement or, if there are any suspensive conditions that have been included in this agreement for the benefit of the Purchaser only, within 10 (TEN) ordinary days of fulfilment of all these suspensive conditions. A bank guarantee is a letter of undertaking which South African banks are able to issue, against payment of their standard fee, if the Purchaser has enough money or a big enough loan facility at the relevant bank.
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GUARANTEE FOR BALANCE OF PURCHASE PRICE. 5.1 The Purchaser shall provide the Attorneys with a bank or other guarantee, acceptable to the Attorneys, for the payment of the balance of the purchase price.
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GUARANTEE FOR BALANCE OF PURCHASE PRICE. 4.1. To secure the balance of the purchase price, the Purchaser shall provide the conveyancers with a cash payment, to be held in the attorneys’ trust account, as envisaged in clause 3.1.3 above, and/or with a bank or other guarantee acceptable to the Seller.
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Related to GUARANTEE FOR BALANCE OF PURCHASE PRICE

  • Allocation of Purchase Price Purchaser and Seller agree (i) the Purchase Price shall be allocated among the Purchased Assets in the manner required by Treasury Regulation Section 1.1060-1T(d) on IRS Form 8594 (Asset Acquisition Statement Under Section 1060) based on the respective fair market values as of the Closing Date of the assets set forth therein to be included as Class I, II, III and IV assets; (ii) the fair market value of the Purchased Assets set forth on IRS Form 8594, unless otherwise subjected to an independent appraisal, (x) with respect to the Purchased Assets that are reflected on the books of Seller (the "Book Assets"), shall be the net book value of such assets as of the Closing Date as determined on application of U.S. GAAP for presentation on Seller's balance sheet, (y) with respect to the Purchased Assets that are not Book Assets (the "Non-Book Assets") shall, in the aggregate, be the excess of the Purchase Price of all the Purchased Assets less the portion of the Purchase Price allocated to the Book Assets, and (z) with respect to the individual Non-Book Assets, shall be based on a reasonable allocation of the portion of the Purchase Price that is allocated to Non-Book Assets; (iii) the allocation set forth on IRS Form 8594 shall be binding on Purchaser and Seller for all federal, state and local tax purposes and Purchaser and Seller shall file consistent IRS Forms 8594 with their respective federal income tax returns; (iv) Purchaser shall prepare its IRS Form 8594 and provide Seller with a copy so as to enable Seller to prepare its IRS Form 8594 on a basis consistent with that of Purchaser; and (v) Seller will assist Purchaser and provide Purchaser with any information necessary for the completion of IRS Form 8594.

  • Payment of Purchase Price The Purchase Price shall be paid as follows:

  • Purchase Price Adjustment (a) As soon as reasonably practicable, following each Closing Date, Purchaser shall prepare, or shall cause to be prepared, a Final Closing Statement for each Target Business Segment that is the subject of such Closing and a certificate of the chief financial officer directly overseeing the Target Companies comprising such Target Business Segment certifying that the Final Closing Statement was prepared in accordance with the Agreed Accounting Principles and engage Deloitte and Touche LLP (or such other registered public accounting firm of international reputation which is mutually acceptable to Parent and Purchaser) (the “Accounting Expert”) to (i) audit the Final Closing Statement and issue a report thereon, and (ii) certify in writing to Parent and Purchaser that such audit was conducted in accordance with the terms hereof, and Purchaser shall cause such report and such certificate to be produced no later than 120 days following each Closing Date. The Accounting Expert shall be provided reasonable access to the books, records and other relevant information of the Target Companies, Purchaser, Parent and their respective Representatives, to the extent necessary to complete its audit of the Final Closing Statement, and Purchaser and Parent shall, and shall cause their Representatives (including the Subject Companies) to, make reasonably available their respective personnel directly responsible for and knowledgeable about the information to be used in, and reasonably necessary for the preparation of, such Final Closing Statement and in order to respond to inquiries made by the Accounting Expert, and Purchaser shall cause the Subject Companies to prepare and deliver customary management representation letters as may be requested by the Accounting Expert. Parent shall be provided reasonable access to the books, records and other relevant information of the Target Companies, Purchaser, and their respective Representatives (including the working papers of Parent and the Accounting Expert in connection with the preparation and audit of the applicable Final Closing Statement), and Purchaser and Parent shall, and shall cause their Representatives (including the Subject Companies) to, make reasonably available their respective personnel directly responsible for and knowledgeable about the information to be used in the Final Closing Statement in order to respond to inquiries made by Parent. The Final Closing Statement shall be final and binding and shall be used in determining the Adjustment Amount, absent manifest error. The fees and expenses of the Accounting Expert shall be borne by Parent.

  • PURCHASE PRICE & TERMS The Buyer agrees to purchase the Property by payment of US Dollars ($ ) as follows: (check one) ☐ - All Cash Offer. No loan or financing of any kind is required in order to purchase the Property. Buyer shall provide Seller written third (3rd) party documentation verifying sufficient funds to close no later than , 20 , at : ☐ AM ☐ PM. Seller shall have three (3) business days after the receipt of such documentation to notify Buyer, in writing, if the verification of funds is not acceptable. If Buyer fails to provide such documentation, or if Seller finds such verification of funds is not acceptable, Seller may terminate this Agreement. Failure of Seller to provide Buyer written notice of objection to such verification shall be considered acceptance of verification of funds.

  • Purchase Price The Purchase Price for each Mortgage Loan shall be the percentage of par as stated in the related Purchase Price and Terms Agreement (subject to adjustment as provided therein), multiplied by the aggregate principal balance, as of the related Cut-off Date, of the Mortgage Loans listed on the related Mortgage Loan Schedule, after application of scheduled payments of principal due on or before the related Cut-off Date, but only to the extent such payments were actually received. The initial principal amount of the related Mortgage Loans shall be the aggregate principal balance of the Mortgage Loans, so computed as of the related Cut-off Date. If so provided in the related Purchase Price and Terms Agreement, portions of the Mortgage Loans shall be priced separately. In addition to the Purchase Price as described above, the Purchaser shall pay to the Seller, at closing, accrued interest on the current principal amount of the related Mortgage Loans as of the related Cut-off Date at the weighted average Mortgage Interest Rate of those Mortgage Loans. The Purchase Price plus accrued interest as set forth in the preceding paragraph shall be paid to the Seller by wire transfer of immediately available funds to an account designated by the Seller in writing.

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