Land Purchase Price Sample Clauses

Land Purchase Price. The purchase price, in the event of the exercise of the option, shall be in the sum of One Hundred Sixty Eight Thousand and 00/100 Dollars ($168,000.00), which includes the option price set forth above.
Sample 1
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Land Purchase Price. There shall be deducted from the Property Sale Price the Land Purchase Price.
Sample 1
Land Purchase Price a. The Land Purchase Price will be satisfied as follows: Payment Date of payment Amount (RM) Deposit 15% To be paid on or before the execution of the SPA. It will form part of the Land Purchase Price on the Unconditional Date. 12,750,000 Balance Purchase Price 85% To be paid to MLSB on or before the expiry of the Completion Period. 72,250,000 Total 100% 85,000,000 b. The SPA is conditional upon the following conditions precedent: • Consent of the Economic Planning Unit (“EPU”) for the acquisition of the Land by PKSB (“EPU Consent”); • Consent of MLSB’s existing financiers on the Proposed SPA (“Existing Financiers’ Consent”); • Approvals from the Board of Directors and shareholders, if required, of both MLSB and PKSB on the Proposed SPA; and • Execution of the Proposed DRA. The conditions precedent are to be fulfilled within four (4) months from the date of the SPA (“Conditional Period”). The SPA becomes unconditional on the day in which the last of the conditions precedent are fulfilled in accordance with the SPA or waived by mutual agreement of the parties (“Unconditional Date”). If the conditions precedent are not satisfied within the Conditional Period, the parties shall within three (3) months from the expiry of the Conditional Period, discuss and mutually agree on whether the condition is met or to extend the Conditional Period (“Discussion Period”) failing which, either party can terminate the SPA upon the expiry of the Discussion Period.
Sample 1

Related to Land Purchase Price

  • 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.

  • Closing Purchase Price Buyer shall have delivered the Closing Purchase Price in accordance with Section 2.5. ARTICLE VII

  • Purchase Price; Payment of Purchase Price In addition to the Assumed Liabilities described below, the aggregate consideration for the Subject Assets (the "Purchase Price") shall be the amount equal to $1.00 (the "Purchase Price").

  • Post-Closing Purchase Price Adjustment (a) As soon as practicable, but no later than forty-five (45) calendar days after the Closing Date, Buyer shall cause to be prepared and delivered to Griffon a single statement (the “Closing Statement”) setting forth Buyer’s calculation of (i) the Net Working Capital, (ii) based on such Net Working Capital amount, the Net Working Capital Adjustment, (iii) the Closing Date Funded Indebtedness, (iv) the Closing Date Cash, (v) the Transaction Related Expenses and the components thereof in reasonable detail. Buyer’s calculation of the Net Working Capital, the Net Working Capital Adjustment, the Closing Date Funded Indebtedness, the Closing Date Cash and the Transaction Related Expenses set forth in the Closing Statement shall be prepared and calculated in good faith, and in the manner and on a basis consistent with the terms of this Agreement and the Accounting Principles (in the case of Net Working Capital) and the definitions thereof, and in the case of Net Working Capital shall also be in the same form and include the same line items as the Estimated Net Working Capital calculation, and shall otherwise (x) not include any changes in assets or liabilities as a result of purchase accounting adjustments or other changes arising from or resulting as a consequence of the transactions contemplated hereby, (y) be based on facts and circumstances as they exist as of the Closing and (z) exclude the effect of any decision or event occurring on or after the Closing. In furtherance of the foregoing, Buyer acknowledges and agrees that the Accounting Principles are not intended to permit the introduction of different judgments, accounting methods, policies, principles, practices, procedures, classifications or estimation methodologies. If the Closing Statement is not so timely delivered by Buyer for any reason, then the Estimated Closing Statement shall be considered for all purposes of this Agreement as the Closing Statement, from which the Seller will have all of its rights under this Section 2.7 with respect thereto, including the right to dispute the calculations set forth in the Estimated Closing Statement in accordance with the procedures set forth in Section 2.7(b) and Section 2.7(c) mutatis mutandis.

  • Purchase Price; Consideration Purchaser shall, on the date hereof (the “Closing Date”), issue to Seller a promissory note, substantially in the form attached hereto as Exhibit B, in the sum of Fifteen Thousand Dollars ($15,000) (the “Promissory Note”) as the consideration for the Ownership Interests.

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

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

  • Subscription and Purchase Price (a) The total sum of the Purchase Price plus the Subscription Price for the Xxxxxxxx Shares shall be Reais Equivalent to U.S.$114,000,000.00 (One hundred fourteen Million U.S. Dollars plus R$8,000,000 (eight million Reais). Such payments shall not be adjusted by profits and losses of the Newco (in the ordinary course of business) as of the date of the Transfer of the Business.

  • Purchase Price Closing (a) The total amount which the buying party shall pay the selling party in a purchase shall be the amount that the selling party would have received if the Company (i) sold the Property for an amount equal to the Buy-Sell Stated Value, (ii) satisfied the indebtedness of the Company specifically referred to in subsection (b) below (and no other liabilities) out of the sale proceeds and (iii) distributed the remaining balance to Administrative Agent and PACOP in accordance with their respective percentage ownership interests in the Company (i.e., 51%, in the case of PACOP, and up to 49%, in the case of Administrative Agent).

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