Manner of Payment of Purchase Price; Deposits Sample Clauses

Manner of Payment of Purchase Price; Deposits. (a) The Purchase Price shall be paid or satisfied at the later of January 3, 2005 or the Closing (as hereinafter defined) by wire transfer of immediately available funds to such bank account or accounts as each Seller shall designate by written notice delivered to Purchaser not later than five (5) business days prior to the Closing. The failure of Seller to provide such written notice in a timely fashion shall be deemed an agreement by said Seller that the Escrow Agent (as hereinafter defined) may receive and hold for such Seller such Seller’s portion of the Purchase Price. If Purchaser shall so wire transfer the Purchase Price and such wire transfer shall be received, Purchaser shall have no responsibility for the disbursement thereof from said account or accounts to Seller. If Closing occurs prior to January 3, 2005, Purchaser agrees to escrow the Purchase Price (net of all costs and expenses payable by Seller hereunder) with the Escrow Agent, and Seller shall not be entitled to receipt of said net Purchase Price until January 3, 2005. Seller shall nonetheless complete Closing on the Closing Date, and release of such escrow to Seller shall not be subject to any conditions other than the passage of time.
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Related to Manner of Payment of Purchase Price; Deposits

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

  • AMOUNT AND PAYMENT OF PURCHASE PRICE The total consideration and method of payment thereof are fully set out in Exhibit "A" attached hereto and made a part hereof.

  • 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").

  • Purchase Price and Manner of Payment The purchase price of the property is $ and is to be paid by the Purchaser to the Seller as follows:

  • Purchase Price Deposit (a) The purchase price for the Property is AND 00/100 DOLLARS ($ ) (the “Purchase Price”), payable as follows:

  • Method of Payment of Purchase Price No later than 12:00 p.m. Eastern time on the Closing Date, Purchaser shall deposit with Escrow Agent the Purchase Price (less the Xxxxxxx Money Deposit), together with all other costs and amounts to be adjusted, pro-rated or paid by Purchaser at the Closing pursuant to the terms of this Agreement ("Purchaser's Costs"), by Federal Reserve wire transfer of immediately available funds to the account of Escrow Agent. Escrow Agent, following authorization by the parties at Closing, shall (i) pay to Seller by Federal Reserve wire transfer of immediately available funds to an account designated by Seller, the Purchase Price, subject to any costs or other amounts to be adjusted, pro-rated or paid by Seller at Closing pursuant to the terms of this Agreement, (ii) pay to the appropriate payees out of the proceeds of Closing payable to Seller all costs and amounts to be paid by Seller at Closing pursuant to the terms of this Agreement, and (iii) pay Purchaser's Costs to the appropriate payees at Closing pursuant to the terms of this Agreement. ARTICLE IV

  • Adjustment of Purchase Price NUMBER AND KIND OF SHARES OR NUMBER OF RIGHTS. The Purchase Price, the number and kind of shares covered by each Right and the number of Rights outstanding are subject to adjustment from time to time as provided in this Section 11.

  • Amount of Purchase Price The purchase price (“Purchase Price”) per Share for each Share which Optionee is entitled to purchase under the Options shall be $2.25 per Share.

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