PAYMENT FOR EQUIPMENT. The purchase price for the Equipment shall be paid as follows:
(1) Prior to or simultaneously with the execution of this Agreement, Buyer is making an xxxxxxx money deposit to Capital City Escrow, Inc., in Sacramento, California, in the amount of $500,000.00, which xxxxxxx money deposit, together with all interest earned thereon, shall be credited at Closing against the purchase price for the Equipment.
(2) The balance of the purchase price for the Equipment shall be paid in full at Closing.
PAYMENT FOR EQUIPMENT. Unless otherwise provided in the specifications, when equipment involves installation, (which shall also be interpreted to mean erection and/or setting up or placing in position for service or use) and/or testing, and where such installation or testing is delayed through no fault of the seller (referred to in this Section as “Contractor”), Contractor shall be entitled to a payment equal to 50% of the price quoted when such equipment is delivered on site and to a further payment equal to an additional 25% of the price quoted when the equipment is installed and ready for test. The balance shall be paid only after the equipment is tested and found to be satisfactory by the City. If the equipment must be tested, but installation is not required to be made by the supplier or if the equipment must be installed but testing is not required, and the installation or testing is delayed through no fault of the Contractor, Contractor shall be entitled to a payment equal to 75% of the price quoted at the time of delivery and the balance shall be paid after satisfactory testing and/or installation, as required.
PAYMENT FOR EQUIPMENT. In further consideration of this Agreement, Employer shall pay to Employee the sum of FIFTEEN THOUSAND AND NO/100THS ($15,000.00) Dollars in payment for certain equipment provided to Employer. This payment shall be made to Employee simultaneously with the Severance Payment described in Paragraph 2(a) above, provided Employee has executed and not revoked this Agreement as set forth herein.
PAYMENT FOR EQUIPMENT. The purchase pdoe for the Equipment shall be paid as follows:
(1) Prior to or simultaneously with the execution of this Agreement, Buyer is making an xxxxxxx money deposit to Capital City Escrow, Inc., in Sacramento, California, in the amount of $300,000.00, which xxxxxxx money deposit, together with all interest earned thereon, shall be credited at Closing against the purchase price for the Equipment.
(2) The balance of the purchase price for the Equipment shall be paid in full at Closing.
PAYMENT FOR EQUIPMENT. Except for the Initial Order, which shall be paid according to section 7.2.1, payment for Equipment ordered pursuant to a Purchase Order shall be paid by Customer to P2O by certified check, wire transfer or other secured payment instrument as agreed to between the parties, and paid in three (3) installments as follows:
8.2.1. The first installment for forty five percent (45%) of the total price shall be due within five (5) calendar days of when Equipment are ordered. The second installment shall be due when goods are delivered and accepted, or deemed accepted, by Customer as provided in Section 6 and shall be in an amount equal to forty five percent (45%) of the total Price under the corresponding Purchase Order.
8.2.2. The final installment for the ten percent (10%) balance of the Price for Equipment shall be made within five (5) calendar days of when the Technology Consultant (defined below) certifies that the Equipment for which payment is due are installed and functioning or capable of functioning at the Minimum Performance Levels established for such Equipment by providing a Certificate of Functionality in the form attached hereto as Attachment 2 or in such other form as mutually agreed by the parties (a “Certificate of Functionality” or “COF”). Notwithstanding the foregoing, if, within sixty (60) calendar days after delivery of any Equipment, P2O has not received either (i) a COF for such Equipment; or (ii) written notice of the reason(s) why a COF cannot be issued (as detailed in Section 8.2.3 below) for such Equipment, the COF will be deemed issued with respect to such Equipment, and payment of the balance of the Price therefor shall be made within five (5) days of the date of the COF.
8.2.3. Customer agrees to cause the Technology Consultant, who shall be Customer’s agent, to diligently and expeditiously examine, review and test the Equipment and their operation for the purpose of seeking to issue one or more COFs, as applicable, and to promptly issue all such COFs that are capable of being issued. If the Technology Consultant determines that a COF cannot be issued for Equipment delivered pursuant to this Agreement, the Technology Consultant shall promptly inform P2O and Customer accordingly, providing in such notice a reasonable detailed explanation of why a COF cannot be issued for the Equipment in question, and upon receipt of such notice, P2O shall have the option of: (i) making such modifications, repairs or replacements to the subject Equipm...
PAYMENT FOR EQUIPMENT. As of the Commencement Date of any Loan, the Borrowers have paid or caused to be paid 25% of the purchase price of each item of Equipment to the Supplier.
PAYMENT FOR EQUIPMENT. The aggregate purchase price for the Equipment being purchased by Buyer from Seller shall be paid in full at Closing.
PAYMENT FOR EQUIPMENT. The purchase price for the Equipment shall be paid as follows:
(1) Prior to or simultaneously with the execution of this Agreement, Buyer is making an xxxxxxx money deposit to Capital City Escrow, Inc., in Sacramento, California, in the amount of $100,000.00, which xxxxxxx money deposit, together with all interest earned thereon, shall be credited at Closing against the purchase price for the items of Equipment other than leasehold improvements to the Business Real Property.
(2) The balance of the purchase price for the terms of Equipment other than leasehold improvements to the Business Real Property ($1,037,250.00) shall be paid in full at Closing.
(3) $200,000.00 of the purchase price for Seller's leasehold improvements to the Business Real Property shall be paid at Closing.
(4) The $595,800.00 balance of the purchase price for Seller's leasehold improvements to the Business Real Property shall be amortized, together with interest accruing thereon at the rate of nine percent (9%) per annum beginning on the date of Closing, in equal monthly installments over a 120 month period, with the first monthly installment being due and payable one month after the date of Closing, and with subsequent being due and payable at regular monthly intervals thereafter on the monthly installments same day of each month until payment in full, provided, however, that the entire deferred balance then outstanding (together with any Interest accrued thereon) shall be due and payable in full on the fifth anniversary after the date of Closing.
(A) Buyer shall have the right at any time to prepay all or any portion of the unpaid balance of the purchase price for Sellers leasehold improvements to the Business Real Property without penalty or premium. Any prepayment shall be applied against the last maturing installments of principal then due (with the principal balance being reduced accordingly), and shall not excuse Buyer from making the regular installment payments subsequently due until the principal balance has been paid in full.
(B) If Buyer fails to pay any amount of p6ncipal or interest due pursuant to this subparagraph 5(b)(4) within ten (10) days after tm date when due, and ff Seller notiflas Buyer in wdbng of that defauft and Buyer fails to cure that defauft within ten (1 0) days after receipt of that written notce from Seller, then Seller will have the right at any time prior to the moment when Buyer cures that default, to declare (and thereby cause) the entire unpaid ba...
PAYMENT FOR EQUIPMENT. Prior to or simultaneously with the execution of this Agreement, Buyer has deposited with The Escrow Forum, in Lake Forest, California, a $150,000.00 xxxxxxx money deposit to be applied against the purchase of the Equipment. The Escrow Forum shall deposit that $150,000.00 xxxxxxx money deposit in an interest bearing account. At Closing, that entire $150,000.00 xxxxxxx money deposit, together with all interest earned on that xxxxxxx money deposit, shall be credited against the purchase price for the Equipment. The balance of the purchase price for the Equipment shall be paid in full at Closing.
