Net Purchase Price the Seller shall have received the Net Purchase Price. The conditions precedent set out in paragraphs A(a), A(b), A(c), B(a), B(b), B(c), B(d) and B(e) shall each be subject a grace period of fifteen (15) Business Days commencing on the Scheduled Delivery Date. The condition precedent set out in paragraph B(g) above, shall be subject to a grace period of five (5) Business Days commencing on the Scheduled Delivery Date. “[***]” This information is subject to confidential treatment and has been omitted and filed separately with the commission.
Net Purchase Price the Seller shall have received the initial payment set out in paragraph (a) of Clause 6.3.1. The conditions precedent set out in paragraphs A(a), A(b), A(c), B(a), B(b), B(c), B(d) and B(e) shall each be subject a grace period of fifteen (15) Business Days commencing on the Scheduled Delivery Date. The condition precedent set out in paragraph B(g) above, shall be subject to a grace period of five (5) Business Days commencing on the Scheduled Delivery Date. “[***]” This information is subject to confidential treatment and has been omitted and filed separately with the commission. MSN 3371 Buyback Agreement 20 SCHEDULE 5
Net Purchase Price. The net Purchase Price due at Closing under this Agreement for the Hotel or Hotels being transferred on such applicable date.
Net Purchase Price. The Seller and the Buyer hereby agree that the net Purchase Price, being the Purchase Price net off any amounts credited towards the Purchase Price pursuant to clauses 8.1 (Deposit), 8.3 (Rent), 8.4 (Security Deposit) and 8.5 (Maintenance Reserve Guarantee Amounts) shall be the amount set out in Schedule 8 hereto for the date which corresponds to the Delivery Date.
Net Purchase Price. The Note carries a twenty percent (20%) original issue discount (“OID”). In addition, the Company agrees to pay $200,000 to the Buyer to cover the Buyer’s legal fees, accounting costs, due diligence, monitoring and other transaction costs incurred in connection with the purchase and sale of the Purchased Securities (the “Transaction Expenses”). The Transaction Expenses shall be withheld by the Buyer at the Closing. Accordingly, the “Net Purchase Price” shall be $540,000.00, computed as follows: $925,000.00 less the OID less the Transaction Expenses.
Net Purchase Price. The Net Purchase Price, as adjusted for apportionments and other adjustments required under this Agreement, plus any other amounts required to be paid by Buyer at Closing.
Net Purchase Price. The Parties hereby acknowledge and agree that the net cash price to be paid by Buyer at the Closing for the Purchased Assets is $8,381,585.16, computed as: $ 20,000,000.00 – Gross cash Purchase Price (650,000.00 ) – Mutually agreed Purchase Price adjustment (1,000,000.00 ) – Deduction for Buyer transaction expenses 61,368.67 – Proration of post-Closing personal property taxes to Buyer (159,122.32 ) – Payment of Xxxxx Xxxxxxx Fees (15,038 ) – Payment of Xxxxxxx & Xxxxxxx Fees (9,855,623.19 ) – Repayment of DIP Loan Amount $ 8,381,585.16 – Net cash purchase price to Sellers ($ 566,471.38 )1 – Sellers’ payment of Cure Costs (up to the Cure Costs Cap) $ 7,815,113.78 – Net proceeds to Sellers after post-Closing Cure Cost payments
Net Purchase Price a. Payment The Purchase Price (the “Purchase Price”) shall be paid as follows:
Net Purchase Price. The Purchase Price due at Closing under this Agreement, subject to the right to withhold monies for Punchlist Work and liquidated delay damages as provided in Section 4 of this Agreement or the Sale Development Agreement.
