Payment of Fixed Purchase Price Sample Clauses

Payment of Fixed Purchase Price. The Fixed Purchase Price for the Development Rights inclusive of the Real Property shall be paid by Purchaser to Seller as follows: At Closing, Purchaser shall (a) make a cash payment of one million six hundred thousand dollars ($1,600,000) (which may be made by check or wire transfer, at Seller's election), and (b) execute and deliver to Seller a full recourse promissory note evidencing a debt of six million four hundred thousand dollars ($6,400,000) (the "Note"). The Note will be due and payable in full on July 31, 2003 (the "Maturity Date"). Until the Maturity Date, the interest on the debt will accrue at the rate equal to the applicable U.S. government rate paid on Five (5) Year Treasury Notes on the Closing Date. Except for as otherwise provided herein, or as otherwise set forth in the Note, no payment of interest or principal shall be due on the Note prior to the Maturity Date. The Note shall be substantially as set forth on Exhibit D attached hereto and made a part hereof. The Development Rights include, among other rights, the right to acquire the Real Property. The Combined Purchase Price for all five (5) parcels comprising the Real Property, identified in Exhibit A and the Development Rights shall be the Fixed Purchase Price plus the Royalty Fee. Excluded from the Fixed Purchase Price is any additional amount required in connection with acquiring the development rights of the Heavenly Valley parcel, as discussed in Section 13.1.1. The amount payable at Closing, ($8,000,000) inclusive of interest on the Note whether paid or accrued, shall be credited against the total Fixed Purchase Price as follows: as title to a specific parcel of Real Property is conveyed and transferred from Owner to Purchaser, the Note shall be prepaid by Purchaser in an amount not to exceed $3,600,000 in any twelve month period from the date of the transfer of the first parcel of Real Property. Upon repayment of the Note principal in full, pursuant to the schedule set forth herein, the Purchaser shall continue to pay the Owner a maximum sum per annum not to exceed $3,600,000 until an aggregate total of $18,000,000 (exclusive of the Royalty Fee payment) has been paid for acquisition of the Development Rights and title to all five (5) parcels comprising the Real Property. It is the intent of the parties that Purchaser shall pay an average price of $3,600,000 per parcel of Real Property and a Fixed Purchase Price of $18,000,000 for the Development Rights and all five (5) Real P...
Sample 1
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Payment of Fixed Purchase Price. The Fixed Purchase Price shall be paid in the following Payment Installments:
Sample 1
Payment of Fixed Purchase Price. Three days before the Closing, the Company shall prepare and deliver to Buyer a certificate setting forth (i) Shareholders’ best estimate (including the detail of the calculation) of the Company’s cash on hand, Threshold Capital and Other Equipment as of the Closing Date and (ii) the Debt based on payoff letters from the Existing Payees. The parties shall use such certificate to calculate an “Estimated Purchase Price” in accordance with Section 1.3.1. On the Closing Date, Buyer shall wire transfer (i) $2,000,000 of the Estimated Purchase Price into the Escrow Account and (ii) the balance of the Estimated Purchase Price to an account designated in writing by Representative.
Sample 1

Related to Payment of Fixed Purchase Price

  • Deferred Purchase Price On each Business Day on and after the Final Payout Date, the Servicer, on behalf of the Agent, shall pay to the SPV an amount equal to the Collections of Receivables received by the SPV less the accrued and unpaid Servicing Fee (and the SPV (or the Servicer on its behalf) shall apply such Collections in the manner described in Section 2.14).

  • Payment of Receivables Purchase Price In consideration of the sale of the Receivables from the Seller to the Purchaser as provided in Section 2.1, on the Closing Date the Purchaser shall have paid to the Seller the Receivables Purchase Price.

  • The Purchase Price Notwithstanding the termination of the Option, Grantee will be entitled to exercise its rights under this Section 6(c) if it has exercised such rights in accordance with the terms hereof prior to the termination of the Option.

  • Payment of the Purchase Price The Purchase Price shall be paid as follows:

  • Payment of Purchase Price The Purchase Price shall be paid as follows:

  • Calculation of Purchase Price The “Purchase Price” to be paid to each Originator in accordance with the terms of Article III for the Receivables and the Related Rights that are purchased hereunder from such Originator shall be determined in accordance with the following formula: PP = OB x FMVD where: PP = Purchase Price for each Receivable as calculated on the relevant Payment Date. OB = The Outstanding Balance of such Receivable on the relevant Payment Date. FMVD = Fair Market Value Discount, as measured on such Payment Date, which is equal to the quotient (expressed as percentage) of (a) one, divided by (b) the sum of (i) one, plus (ii) the product of (A) the Prime Rate on such Payment Date, times (B) a fraction, the numerator of which is the Days’ Sales Outstanding (calculated as of the last day of the Fiscal Month immediately preceding such Payment Date) and the denominator of which is 365 or 366, as applicable.

  • Payment of Purchase Price Upon Exercise At the time of any exercise, the Exercise Price of the Shares as to which this Option is exercised shall be paid in cash to the Company, unless, in accordance with the provisions of Section 4.2(c) of the Plan, the Board shall permit or require payment of the purchase price in another manner set forth in the Plan.

  • Purchase Price; Payment of Purchase Price In addition to the Assumed Liabilities described below, the aggregate consideration for the Subject Assets (the “Purchase Price”) shall be the amount equal to: $2,000,000. The Purchase Price shall be subject to adjustment as set forth in Section 1.7 below as so adjusted.

  • Payment of Repurchase Price The Repurchase Price shall be payable, at the option of the Company or its assignee(s), by check or by cancellation of all or a portion of any outstanding purchase money indebtedness owed by Participant to the Company, or such assignee, or by any combination thereof. The Repurchase Price shall be paid without interest within sixty (60) days after exercise of the Repurchase Option.

  • Cash Purchase Price The term "Cash Purchase Price" shall have the meaning set forth in Section 2.3(a).

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