Payment for Purchase. As consideration for the purchase and assignment of the Acquired Assets, in addition to the remaining obligations set forth elsewhere in this Agreement, CCBM will pay at closing to RMG a purchase price of $7.5 million subject to reductions provided for in Section 1.5 (the "Purchase Price") in the form of a promissory note in a form identical to Exhibit "D" attached hereto ("the Note") secured solely by the Acquired Assets, excluding any acreage or wells deemed to be earned pursuant to Section 2.1 (a) below. For thx xxxsideration set forth herein, CCBM will be entitled to a 50% interest in the RMG Assets. At Closing, RMG will assign the Acquired Assets to CCBM. The Acquired Assets will be pledged back to RMG as collateral for the Note and Mortgage until such collateral is released. RMG shall release 25% interest in the Acquired Assets upon receiving principal payments totaling 33.3% of the Purchase Price. When RMG receives principal payments totaling 66.6% of the Purchase Price, 50% interest in the Acquired Assets shall be released as collateral. Upon RMG receiving the entire Purchase Price plus all interest due, all the remaining interest in the Acquired Assets shall be released as collateral.
Payment for Purchase. PAYMENT FOR THE SECURITIES SHALL BE BY WIRE TRANSFER OR CHECK PAYABLE TO: “PLASTIC2OIL” and delivered to the Company, together with an original executed copy of this Agreement. Wire transfer instructions are available upon request from Mx. Xxxxxx Xxxxxxxx at (000) 000-0000; Extension 257.
Payment for Purchase. Concurrently with the Subscriber’s execution and delivery of this Subscription Agreement the Subscriber has delivered payment, via wire transfer, equal to such Subscriber’s Subscription Amount. Wire transfer instructions are attached hereto as Annex D.
Payment for Purchase. PAYMENT FOR THE OFFERED SECURITIES SHALL BE BY WIRE TRANSFER OR CHECK PAYABLE TO: “LAW DEBENTURE, ESCROW AGENT FOR COLOMBIA” and delivered to the Issuer, together with an original executed copy of this Agreement. Wire transfer instructions are available upon request from Mx. Xxxxx Xxxxxxxxx or Mx. Xxxxxxxxxx Xxxx at (000) 000-0000.
Payment for Purchase. As consideration for the Acquired Assets, Buyer will pay a purchase price of Five Million and Five Hundred Thousand Dollars ($5,500,000.00) (the "Purchase Price"), increased or decreased, as the case may be, by the Purchase Price Adjustment determined in accordance with Section 1.4. The purchase price shall be paid as follows:
(a) Buyer shall pay $5,500,000.00, as adjusted by Section 1.4, for an undivided fifty percent (50%) working interest and forty percent (40%) net revenue interest in the Acquired Assets as provided herein. Buyer has delivered into escrow pursuant to the Letter of Intent, the sum of $160,000.00 with the First Interstate Bank of Casper, Wyoming ("Escrow Agent").
(b) Buyer shall pay at Closing to Seller the sum of $3,200,000.00 in certified funds by wire transfer in accordance with instructions from Seller representing 29% of the undivided 50% of the working interest in the Acquired Assets.
(c) Buyer shall pay to Seller, or use to drill, construct infrastructure or the acquisition of additional acreage on behalf of Seller, in Seller's sole discretion, the sum of $1,000,000.00 on or before may 1, 2000. In the event that Buyer fails to pay or use for the benefit of Seller, in the Seller's sole discretion, the sum of $1,000,000.00 on or before May 1, 2000, then Buyer shall assign 9% of its undivided 50% working interest in the Acquired Assets to Seller.
(d) Buyer shall pay to Seller, or use to drill, construct infrastructure or the acquisition of additional acreage on behalf of Seller, in Seller's sole discretion, the sum of $1,300,000.00 on or before December 31, 2000. In the event that Buyer fails to pay or use for the benefit of Seller, in Seller's sole discretion, the sum of $1,300,000.00 on or before December 31, 2000, then Buyer shall assign 12% of its undivided 50% working interest in the Acquired Assets to Seller. At the sole option of Seller, Buyer may pay $1,300,000 in cash, or provide services of equivalent value to drill xxxxx, and in the latter event, the Seller would receive $1,300,000 in revenues from all of the net revenues from the xxxxx so drilled, at which point in time the Buyer would then own a 50% working interest (40% net revenue interest in such xxxxx.
(e) Buyer shall spend the sum of $2,500,000.00 to be used to drill and complete a minimum of 25 xxxxx on the Acquired Assets between January 1, 2000 and November 30, 2000, subject to force majeure. Buyer and Seller shall each own and undivided 50% interest in the xxxxx...
Payment for Purchase. Payment for the Note and Units may be made by check or wire transfer as follows: If by check, payable to: “Versus Systems, Inc.” and mailed to: Versus, LLC. c/o Versus Systems, Inc. LOS ANGELES CA 90028-8529 Attention: IR If by wire: Chase Bank 000 Xxxx Xxx New York, NY 10022 Tel: 000-000-0000 ABA No.: Account Name: Versus, LLC Account No.: Reference: Versus Systems, Inc.
Payment for Purchase. As consideration for the Purchased Assets, Purchaser shall pay Seller the purchase price specified in Section 2.4.
Payment for Purchase. PAYMENT FOR THE COMMON WARRANTS SHALL BE BY WIRE TRANSFER to a non-interest bearing escrow account in the Company's name at [____] pending a closing pursuant to the instructions below. Please execute this Agreement using DocuSign or an original executed copy of this Agreement should be mailed to the Company at 0000 Xxxxxxxx Xxxx, Xxx Xxxxxx, Xxxxxxxxxx 00000 Attention: Xxxxxx Xxxxxxx, or emailed to the Company at xxxxxx@xxxxxxxxxxxxxxxxxx.xxx. Wire transfer payment shall be made as follows: Receiving Bank: InBank Receiving Bank Address: 0000 X. Xxxxxxxx Xxxxx Xxx, Xxxxx 000X, Xxxxxxxxx Xxxxxxx, XX 00000 Routing Number: 000000000 Beneficiary Name: Heritage Distilling Holding Company, Inc. Beneficiary Address: 000 X. Xxxxx Rd. #123, Queen Creek AZ 85140 Beneficiary Account: TBD Receiving Bank: Bankers Bank of the West Bank Address: 0000 00xx Xxxxxx, Xxxxx 0000, Xxxxxx, XX 00000 Swift Code: XXXXXX0X Routing Number: 000000000 Beneficiary Name: Heritage Distilling Holding Company, Inc. – Acct # Receiving Bank: InBank Routing Number: 000000000 Account Name: Heritage Distilling Holding Company, Inc. Account Number: TBD Account Type: Checking
Payment for Purchase. PAYMENT FOR THE UNITS SHALL BE BY WIRE TRANSFER OR --------------------- CHECK PAYABLE TO: "Golf-Tech Escrow Account" and delivered to the Placement Agent for forwarding to the bank escrow agent, The Chase Manhattan Bank, together with an original executed copy of this agreement. Wire transfer instructions are available upon request from the Placement Agent.
Payment for Purchase. PAYMENT FOR THE COMMON WARRANTS SHALL BE BY WIRE TRANSFER pursuant to the instructions below. Please execute this Agreement using DocuSign or an original executed copy of this Agreement should be mailed to the Company at 0000 Xxxxxxxx Xxxx, Xxx Xxxxxx, Xxxxxxxxxx 00000 Attention: Xxxxxx Xxxxxxx, or emailed to the Company at xxxxxx@xxxxxxxxxxxxxxxxxx.xxx. Wire transfer payment shall be made as follows: Bank Name: Key Bank Association International SWIFT CODE: XXXXXX00XXX Bank Address: 0000 Xxxxxxx Xxxxx Gig Harbor, WA 98335 Bank Routing Number: 000000000 Beneficiary Account Name: Heritage Distilling Company, Inc. Beneficiary Account Number: 471471011679 Beneficiary Address: 0000 Xxxxxxxx Xxxx Gig Harbor, WA 98332 (000) 000-0000
