Payment of Purchase Price; Incentive Payment Sample Clauses

Payment of Purchase Price; Incentive Payment. 4 (a) The County has paid on the Closing Date a portion of the Purchase Price in 5 the amount of $ _ to the Seller and shall pay the balance of the Purchase Price in the 6 amount of $ to the Registered Owner in installments on and on the same 7 day in each year thereafter to and including (each an “Installment Payment Date”), in the 8 amounts set forth in Schedule I attached hereto and made a part hereof.
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Payment of Purchase Price; Incentive Payment. 4 (a) The County has paid on the Closing Date a portion of the Purchase Price in 5 the amount of $ _ to the Seller and shall pay the balance of the Purchase Price in the 6 amount of $ to the Registered Owner in installments on and on the same 7 day in each year thereafter to and including (each an “Installment Payment Date”), in the 8 amounts set forth in Schedule I attached hereto and made a part hereof. 9 (b) Interest on the unpaid balance of the Purchase Price at the fixed rate of 10 interest equal to % per annum shall accrue from the date hereof and shall be payable to the 11 Registered Owner on each Installment Payment Date. Interest shall be calculated on the basis of 12 a 360-day year of twelve 30-day months.
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Payment of Purchase Price; Incentive Payment. 1 SECTION 3.1.
Sample 1

Related to Payment of Purchase Price; Incentive Payment

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

  • Allocation of Purchase Price The Seller and the Purchaser agree that the Cash Purchase Price, the Ballistics Earn-Out Payments and the relevant Assumed Liabilities shall be allocated among the Assets in accordance with Section 1060 of the Code. The Cash Purchase Price (which for these purposes shall include the amount of the relevant Assumed Liabilities) shall be allocated among the Assets constituting Class I, Class II, Class III, Class IV, Class V, and Class VI assets (as such terms are defined in Treasury Regulation Section 1.338-6) in accordance with a schedule which the Seller shall provide to the Purchaser within one hundred (100) days after the Closing. Thereafter, the Purchaser shall have twenty (20) days either to (i) agree with and accept such schedule or (ii) in good faith, suggest changes to such schedule and attempt to agree with the Seller as to the contents of the schedule (with the resulting agreed upon schedule in both instances called the “Allocation Schedule”). The Seller and the Purchaser shall provide the other promptly with any other information required to complete the Allocation Schedule. If the Seller and the Purchaser agree on the Allocation Schedule within one hundred fifty (150) days following the Closing, the Seller and the Purchaser shall each file Internal Revenue Service Form 8594 and any required attachments thereto (“Form 8594”), together with all federal, state and local tax returns, in a manner consistent with and in accordance with such Allocation Schedule. If the Seller and the Purchaser are unable to reach such agreement, each of the Seller and the Purchaser may file Form 8594, and any federal, state and local tax returns allocating the Cash Purchase Price (and the amount of the relevant Assumed Liabilities) in the manner each believes appropriate, provided that such allocation is reasonable and in accordance with Section 1060 of the Code and the Department of Treasury Regulations thereunder. The Purchaser shall allocate any Ballistics Earn-Out Payments, when and to the extent made, in accordance with Section 1060 of the Code. The Seller reserves the right to elect out of the installment method (pursuant to Treasury Regulation Section 15a.453-1(d)), in which case the Seller may determine the fair market value of the Ballistics Earn-Out Payments as of the Closing Date and shall allocate such value in accordance with Section 1060 of the Code. Within 10 days of filing Form 8594 (including any supplemental statements thereunder) with the Internal Revenue Service pursuant to this Section 3.4, each party shall provide the other with a copy of such form as filed.

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