Payment by Purchaser. All purchaser’s checks shall be made payable to Auctioneer, as Consignor’s agent. Auctioneer shall have full authority to reclaim and resell any items not paid for. Auctioneer reserves the right to eliminate from settlement any property for which payment has not been made. In consideration for the waiver of Auctioneer’s commission on such property for which payment has not been made, Consignor agrees to accept responsibility for reclaiming same wherever located.
Payment by Purchaser. Purchaser will pay to Seller or its designated affiliates as determined by the Seller, by wire transfer to an account or accounts designated in writing by Seller, or by certified or official bank checks in immediately available funds, the purchase price for the Subject Assets in amounts as follows (collectively, the "Purchase Price"):
(a) At the Closing, Two Hundred Fifty Thousand Dollars ($250,000);
(b) On September 30, 2005, Eight Hundred Fifty Thousand Dollars ($850,000.00); plus
(c) On September 30, 2005, or on the date when possession of the Equipment is delivered to Purchaser on the terms set forth herein, the net book value on September 30, 2005 of the Equipment as set forth on the financial statements of the Seller; plus
(d) On September 30, 2005, the net book value as of September 30, 2005 of the then outstanding Accounts Receivable. Any Account Receivable that remains outstanding after ninety (90) days following September 30, 2005 may be assigned by Purchaser back to the Seller and the amount of the Accounts Receivable so assigned will be refunded to Buyer as a post-closing adjustment after the end of the ninety (90)-day period. The Buyer shall use its commercially reasonable efforts to collect the Accounts Receivable, consistent with Buyer's customary collection practices. In the event that such Accounts Receivables are reassigned to Seller, Seller shall have the right to take any action deemed necessary in the Seller's sole discretion to collect such Accounts Receivable. In the event Seller or Just-Rite Supply, Inc elects to make purchases of products pursuant to the Distribution Agreement (as defined below) or otherwise, Purchaser agrees to pay a portion of the balance owed under subsection 2.01(b) (but not to exceed $850,000), above, within fifteen (15) days of the end of the month in which such purchases were made, in an amount equal to such purchases. The amount owed by Purchaser on September 30, 2005 shall be reduced by the amount paid early by Purchaser pursuant to this paragraph.
Payment by Purchaser. Except as provided in the foregoing Paragraph (a), the Note Purchaser shall pay the cost of all regulatory expenses incurred by the Note Purchaser in connection with its purchase of the Note.
Payment by Purchaser. In the event that the amount of the Final Working Capital is greater than the Target Working Capital, then Purchaser shall, within five (5) calendar days after the determination thereof, pay to Sellers an amount equal to such difference, by wire transfer of immediately available funds to an account designated in writing by Sellers.
Payment by Purchaser. Xxxx’x obligations under this Warranty are conditioned upon payment in full for the Products. If a default in payment occurs, the Products are sold AS IS, WITH ALL FAULTS, and without any warranty express or implied. Any delay in payment shall not toll the running of the applicable Warranty Period.
Payment by Purchaser. Subject to Section 10.6, if this Agreement is terminated pursuant to Section 10.1(g) because the condition set out in Section 9.1(a) is not met (due to no failure of the Vendor), or because the Purchaser has failed to satisfy the condition set out in Section 9.3(a)(ii), 9.3(b), 9.3(d), 9.3(g), 9.3(k), 9.3(m) or, to the extent that the failure to satisfy the condition is not a result of a Material Adverse Change, 9.3(1), then the Purchaser shall pay to the Vendor a fee of $500,000 and the Vendor's Expenses incurred subsequent to September 16, 1997 (by wire transfer in immediately available funds) within 15 Business Days after delivery of the notice contemplated in Section 10.1.
Payment by Purchaser. Upon compliance by the Vendor with the provisions of clause 6.2, the Purchaser shall comply with the provisions of clause 4.1 and 4.2 and have signed the Licences, in duplicate.
Payment by Purchaser. Upon the terms and subject to the conditions contained herein and in payment for the aforesaid sale and transfer of the Purchased Stock by Sellers to Purchaser, Purchaser shall deliver or cause to be delivered at the Closing to Sellers, by wire transfer or other means reasonably acceptable to each Seller, an aggregate sum in cash equal to $14.50 per share, or $9,961,500 (the “Purchase Price Amount”), in the individual amounts and to each Seller as set forth in Exhibit A attached hereto.
Payment by Purchaser. 17 6.2 Consents and Approvals....................................... 17 6.3 Xxxxxx Sale Agreement and Indemnification Agreement.......... 18 6.4
Payment by Purchaser. Purchaser shall have paid the Purchase Price -------------------- for the Purchased Shares.