Incremental Purchase Sample Clauses
The Incremental Purchase clause allows a party to acquire additional units or quantities of goods, services, or interests beyond the initial agreement, typically under predefined terms. This clause outlines the conditions, pricing, and procedures for making such additional purchases, often specifying limits, timeframes, or notice requirements. Its core function is to provide flexibility for the buyer to scale up their commitment as needed, while ensuring both parties have clarity on how these extra purchases will be handled, thus reducing the need for renegotiation and supporting efficient contract management.
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Incremental Purchase. If JS Trustany Conduit declines to make a proposed purchase, the Managing Agent for the related Purchaser Group shall notify Seller and Seller may cancel the Purchase Notice with respect to all Purchaser Groups or, in the absence of such a cancellation, the Incremental Purchase of the Purchaser Interest allocable to such Purchaser Group will be made by the Financial Institutions. in such declining Conduit’s Purchaser Group ratably based on their respective Back-Up Commitments. On the date of each Incremental Purchase, upon satisfaction of the applicable conditions precedent set forth in Article VI, JS Trusteach Conduit or the Financial Institutions in its Purchaser Group, as applicable, shall deposit to the Facility Account, in immediately available funds, no later than 12:00 noon (Chicago time), an amount equal to (i) in the case of JS Trust, the aggregate Purchase Price of theany Conduit, such Conduit’s Purchaser Interests JS Trust is then purchasingGroup’s Pro Rata Share of the aggregate Purchase Price for such Incremental Purchase or (ii) in the case of a Financial Institution, such Financial Institution’s Back-Up Pro Rata Share of the aggregate Purchase Price of thePercentage of its related Purchaser Interests the Financial Institutions are ▇▇▇▇▇▇▇▇▇▇.▇▇▇▇▇’s Pro Rata Share of the aggregate Purchase Price for such Incremental Purchase.
Incremental Purchase a. Buyer shall have the right to purchase the Shares in increments of ONE THOUSAND DOLLARS ($1,000).
b. For each increment of money paid to Seller by Buyer (“Incremental Payment”), Seller shall sell, assign, transfer and convey to Buyer, a number of Shares equal to the Incremental Payment divided by the Share Price; so, for example, an Incremental Payment by Buyer to Seller of $10,000 would result in the purchase of One Thousand Two Hundred Twelve (1,212) Shares.
c. Subsequent to each incremental purchase of Shares, as described in Article 2.b., Seller shall assign, transfer and convey to Buyer, together with all rights and benefits of any kind or nature, including but not limited to, the right to vote the Shares so purchased and receive dividends if any, arising on or after the date hereof, and Buyer accepts such conveyance and assumes the obligations attendant to being the lawful owner and holder of the Shares with respect to all matters arising on or after the date hereof.
d. Upon receipt of the Incremental Payment, Seller shall duly endorse and tender to Buyer the certificate evidencing the Shares so purchased. Dallas • Newport Beach • Los Angeles • Shanghai Corporate Offices • Green Automotive Company • ▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ • Tel: ▇▇▇.▇▇▇.▇▇▇▇ Fax: ▇▇▇.▇▇▇.▇▇▇▇ ▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇
Incremental Purchase. 19 SECTION 2.04 Commitment Termination Date . . . . . . . . . . . . . 19
Incremental Purchase a. Buyer shall have the right to purchase up to ONE HUNDRED AND TWENTY THOUSAND (120,000) shares of the Company’s Series A Preferred stock from Seller (the “Shares”). Buyer shall have the right to purchase the Shares in increments of ONE THOUSAND DOLLARS ($1,000). Buyer agrees to purchase at least 10,000 Shares per month (“Minimum Monthly Share Purchase”). For the $50,000 Minimum Monthly Share Purchase, $40,000 of that amount is earmarked to be sent to the LEC Entities to fund their operations and growth, and $10,000 of that amount is earmarked to fund the costs associated with GACR being a public company.
b. For each increment of money paid to Seller by Buyer (“Incremental Payment”), Seller shall sell, assign, transfer and convey to Buyer, a number of Shares equal to the Incremental Payment divided by the Share Price; so, for example, an Incremental Payment by Buyer to Seller of $10,000 would result in the purchase of 2,000 Shares.
c. Subsequent to each incremental purchase of Shares, as described in Article 2.b., Seller shall assign, transfer and convey to Buyer, together with all rights and benefits of any kind or nature, including but not limited to, the right to vote the Shares so purchased and receive dividends if any, arising on or after the date hereof, and Buyer accepts such conveyance and assumes the obligations attendant to being the lawful owner and holder of the Shares with respect to all matters arising on or after the date hereof.
d. Upon receipt of the Incremental Payment, Seller shall duly endorse and tender to Buyer the certificate evidencing the Shares so purchased. Dallas • Newport Beach • Los Angeles • Shanghai Corporate Offices • Green Automotive Company • ▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ • Tel: ▇▇▇.▇▇▇.▇▇▇▇ Fax: ▇▇▇.▇▇▇.▇▇▇▇ ▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇
Incremental Purchase. Lessee may, by paying the payments at the time and in the amounts set forth on Exhibit B, acquire Lessor’s right, title and interest in and to the Property; provided however, such acquisition shall only occur upon Lessee making all of the required Payments as the same become due.
Incremental Purchase. Any Purchase that increases the aggregate outstanding -------------------- Capital hereunder.
Incremental Purchase. (a) Each of the parties hereby agrees that, subject to Section 2.01 and to the other terms and conditions hereof, until the Commitment Termination Date, the Seller may from time to time on the first Business Day of any month after the Effectiveness Date, elect to offer to sell to the Buyer and Buyer shall purchase certain identified loans out of GCC’s portfolio and the Property related thereto, all on the terms and conditions set forth in this Agreement (each, an “Incremental Purchase”). Notwithstanding the foregoing, the Buyer shall not be obligated to make an Incremental Purchase for a principal amount of less than $2,500,000 (or such other lesser amount as is approved by Buyer) other than the final Incremental Purchase which may be in such lesser amount as remains of the Maximum Purchase Amount. In addition the Buyer shall not be obligated to make an Incremental Purchase (or any portion thereof) to the extent the aggregate Principal Balance of all Loans (after giving effect to the Loans to be purchased on such Incremental Purchase Date) purchased hereunder would exceed the Maximum Purchase Amount.
(b) Subject to satisfaction of all of the applicable terms and conditions hereof (including, without limitation, Section 3.03(m)), until the Commitment Termination Date, the Buyer shall from time to time make Incremental Purchases of Expansion Loans and the Property related thereto, all on the terms and conditions set forth in this Agreement. Notwithstanding the foregoing, the Buyer shall not be obligated to make an Incremental Purchase of any Expansion Loan for a principal amount of less than $250,000 (or such lesser amount as is approved by the Buyer) other than the final Incremental Purchase of any Expansion Loan which may be in an amount equal to $5,000,000 minus the aggregate Principal Balance of all Expansion Loans. In addition, the Buyer shall not be obligated to make an Incremental Purchase of Expansion Loans to the extent the aggregate Principal Balance of (i) all Expansion Loans (after giving effect to the Expansion Loans to be purchased on such Incremental Purchase Date) would exceed $5,000,000 or (ii) all Loans (after giving effect to all Loans (including Expansion Loans) to be purchased on such Incremental Purchase Date) would exceed the Maximum Purchase Amount.
(c) The Seller shall provide the Buyer with written notice of its intention to request an Incremental Purchase in the form of Exhibit D hereto no later than five (5) Business Days (or such...
Incremental Purchase. Boeing agrees to sell and Customer agrees to purchase twenty (20) model 737-932ER aircraft (Incremental Aircraft). The parties further agree to the addition of ten (10) put options as described in DAL-PA-02022-LA-1501328, and to cancel all remaining Model 737 options described in DAL-PA-02022-LA-1105858. Unless otherwise indicated, Incremental Aircraft, and any exercised Put Option Aircraft, become Aircraft, 737-900ER Aircraft or Firm Aircraft, as the context requires, for the purposes of this Purchase Agreement. P.A. 2022 SA‑17 Page 2 [***] Confidential portion omitted and filed separately with the Commission Pursuant to a Request for Confidential Treatment. IT IS AGREED: