Common use of PAYMENT FOR EQUIPMENT Clause in Contracts

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.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Lithia Motors Inc)

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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, 25,000.00 which xxxxxxx money deposit, together with all interest earned thereon, shall be credited at to Closing against the purchase price for the Equipment. (2) The $225,000.00 balance of the purchase price for the Equipment shall be paid in full at Closing.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Lithia Motors Inc)

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 $500,000.00100,000.00, which xxxxxxx money deposit, together with all interest earned thereon, shall be credited at Closing against the purchase price for the Equipment. (2) The $300,000.00 balance of the purchase price for the Equipment shall be paid in full at Closing.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Lithia Motors Inc)

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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 $500,000.00100,000.00, 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.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Lithia Motors Inc)

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