Common use of Payment of Purchase Price; Incentive Payment Clause in Contracts

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.

Payment of Purchase Price; Incentive Payment. 4 2 (a) The County has paid on the Closing Date a portion of the Purchase Price in 5 3 the amount of $ _ to the Seller and shall pay the balance of the Purchase Price in the 6 4 amount of $ to the Registered Owner in installments on and on the same 7 5 day in each year thereafter to and including (each an “Installment Payment Date”), in the 8 6 amounts set forth in Schedule I attached hereto and made a part hereof. 9 7 (b) Interest on the unpaid balance of the Purchase Price at the fixed rate of 10 8 interest equal to % per annum shall accrue from the date hereof and shall be payable to the 11 9 Registered Owner on each Installment Payment Date. Interest shall be calculated on the basis of 12 10 a 360-day year of twelve 30-day months.

Payment of Purchase Price; Incentive Payment. 4 6 (a) The County has paid on the Closing Date a portion of the Purchase Price 7 in 5 the amount of $ _ to the Seller and shall pay the balance of the Purchase Price in the 6 8 amount of $ to the Registered Owner in installments on and on the 9 same 7 day in each year thereafter to and including (each an “Installment Payment 10 Date”), in the 8 amounts set forth in Schedule I attached hereto and made a part hereof. 9 11 (b) Interest on the unpaid balance of the Purchase Price at the fixed rate of 10 12 interest equal to % per annum shall accrue from the date hereof and shall be payable to the 11 13 Registered Owner on each Installment Payment Date. Interest shall be calculated on the basis of 12 14 a 360-day year of twelve 30-day months.