Payment of Purchase Price; Delivery of Instruments of Conveyance Sample Clauses

Payment of Purchase Price; Delivery of Instruments of Conveyance. The Partnership Interest which is elected to be purchased under this Article 10 shall be paid for at a closing, held on a business day not more than 30 days after the time for electing to purchase the interest lapses, all in cash or by cashier’s check or on the other terms stated in the Offering Notice. At the closing, the selling party shall deliver instruments of conveyance and assignment of the appropriate amount of the Partnership Interest purchased by the Partnership and/or the Purchasing Partners and in proper form for transfer of all such interest, free and clear of all security inter­ests, liens, claims, encumbrances and equities of every kind; and the purchasers shall pay the purchase price and deliver any notes and security agreements required under the offer. The selling party shall pay all expenses and charges of the transfer of the interest, except that the parties shall pay their own attorneys’ fees. Any Partnership Interest Disposed of under this Article 10 shall remain subject to all the provisions of this Agreement. The ownership interest of any Partner in the General Partner which is not otherwise purchased by the General Partner or another member or shareholder of the General Partner pursuant to the Regulations or Bylaws of the General Partner shall be deemed to be included in the Partnership Interest of the selling Partner and such beneficial interest in the General Partner shall be conveyed to the Partnership or the purchasing Partner pursuant to this Article 10. Such beneficial interest shall be treated as a part of the selling Partner’s Partnership Interest for purposes of this Article 10 and shall be conveyed for the same consideration (on a pro rata basis) as the selling Partner’s Partnership Interest, determined pursuant to Section 10.11 herein and shall be conveyed free and clear of any and all restrictions, pledges, encumbrances or other rights of third parties. The General Partner is authorized to deduct, or have deducted, from the amounts due to the selling party at the closing the amount of any debt or other obligation (plus any interest due thereon) then due from the selling party, which amounts will be paid over to the Partnership.
Sample 1
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Related to Payment of Purchase Price; Delivery of Instruments of Conveyance

  • Instruments of Conveyance and Transfer As soon as practicable after the Closing, SELLER shall deliver a certificate or certificates representing the Shares of SELLER to PURCHASER sufficient to transfer all right, title and interest in the Shares to PURCHASER.

  • Delivery of Instruments The Securities Administrator shall furnish to each Holder, upon request, copies of this Trust Agreement, without attachments, applicable to the Certificate(s) held by such Holder.

  • Payment of Purchase Price for the Mortgage Loans (a) In consideration of the sale of the Initial Mortgage Loans from each of the Sellers to the Purchaser on the Closing Date, the Purchaser agrees to transfer to the applicable Seller on the Closing Date the purchase price for the applicable Initial Mortgage Loans provided in the Adoption Annex attached as Annex 1 to this Agreement (the "Adoption Annex").

  • Delivery of Instruments, etc Upon request by the Lender, the Borrower will promptly deliver to the Lender in pledge all instruments, documents and chattel papers constituting Collateral, duly endorsed or assigned by the Borrower.

  • Delivery of Purchased Assets The Seller shall have delivered possession of the Purchased Assets to the Purchaser, and shall have made all intangible Purchased Assets available to the Purchaser.

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

  • SALE OF MORTGAGE LOANS; PAYMENT OF PURCHASE PRICE Section 2.01. Sale of the Mortgage Loans.......................................................4 Section 2.02. Obligations of Seller Upon Sale..................................................4 Section 2.03. Payment of Purchase Price for the Mortgage Loans.................................7

  • 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.

  • Delivery of Purchase Price The Purchase Price for the Securities shall have been delivered to the Company on the Closing Date.

  • Instruments of Conveyance In order to effectuate the transfer of the Contributor Properties contemplated by Section 1.1 and for the administrative convenience of the parties, the Conveyances (as defined in the DSD Agreement) shall be deemed to have conveyed the Contributor Properties from DSD to the Contributor and, immediately thereafter, to have conveyed the Contributor Properties from the Contributor to the Partnership.

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