Payment of the Transfer Price Sample Clauses

Payment of the Transfer Price. Subject to the terms and conditions of this Agreement, at the Closing, the portion of Transfer Price payable to the Seller shall be paid by the Purchaser by wire transfer of immediately available funds to the bank account of the Seller, provided that the wiring instruction shall be provided by the Seller to the Purchaser at least three (3) day prior to the Closing Date.

Payment of the Transfer Price. Subject to Xx Xxxxxxxx complying with his obligations under Clause 3, and on completion the Optionholder shall pay the Transfer Price in accordance with the following provisions: 5.1 The Transfer Price shall be payable in cash provided that the Optionholder may, at its option, satisfy up to a maximum of fifty per cent (50%) of the Transfer Price by the allotment and issue to Xx Xxxxxxxx of such number of fully tradable shares in the Optionholder as are of equal value (determined at the Exercise Date) to that part of the Transfer Price so satisfied as long as this action will not contravene US securities exchange commission rules at the time of the transaction. 5.2 The Optionholder shall pay the Initial Price on Completion or (if later) the date falling 10 months after the commencement of Xx Xxxxxxxx'x employment by the Company and subject to Xx Xxxxxxxx remaining an employee on that date. 5.3 If Xx Xxxxxxxx shall have entered into a contract of employment with the Optionholder in the form reasonably acceptable to the Optionholder which requires that Xx Xxxxxxxx serve the Optionholder as an employee for a period of not less than 10 months from the date of this Agreement and meets the agreed "Bonus Price" milestone, the Optionholder shall pay the Bonus Price on Completion or (if later) the date falling 10 months after the commencement of Xx Xxxxxxxx'x employment by the Company and subject to Xx Xxxxxxxx remaining an employee on that date. 5.4 If on Completion, the Option Shares represent the entire issued share capital of Companies A and Company B, the Optionholder shall immediately pay to Xx Xxxxxxxx the Total Control Price on Completion or (if later) the date falling 10 months after the commencement of Xx Xxxxxxxx'x employment by the Company and subject to Xx Xxxxxxxx remaining an employee on that date.

Payment of the Transfer Price. The balance of the Transfer Price shall be equal to the difference between the Transfer Price and the aggregate Deposits delivered to the Titleholder by the Optionee. This amount shall be paid to the Titleholder at the time the public deed containing the Transfer Agreement is signed by the Parties.

Payment of the Transfer Price. The Transferee shall pay and satisfy the Transfer Price by (a) issuing to the Transferor [⚫] non-voting common shares of the Transferee (the “Share Consideration”), as fully paid non-assessable shares of the Transferee, for an aggregate fair market value of $[⚫] (the “Share Value”); and (b) assuming the Assumed Liabilities of the Transferor.

Payment of the Transfer Price. 3.1. After finding a car and entering into the Rental Contract with Lessor through the Services as stipulated herein, the User shall make a full payment of the Rent to the Lessor before handing over the car to User or immediately after transferring it back to the Lessor. 3.2. The method of payment (either by cash or money transfer) shall be agreed independently, by the User and the Lessor. 3.3. The price of the Service shall further be transmited by the Lessor to the Company subject to the terms and conditions of a separate agreement between them.

Payment of the Transfer Price. 4.1 Seventy-five percent (75%) of the Transfer Price, namely, RMB43,500,000, shall be paid to the Transferors within one (1) month after this Agreement has been approved in writing by the Examination and Approval Authority and the Certificate of Approval for Establishment of Enterprises with Foreign Investment in People’s Republic of China has been issued, among which, RMB2,175,000 shall be paid to Party B, RMB15,660,000 to Party C, RMB19,140,000 to Party D and RMB6,525,000 to Party E . The second instalment of the Transfer Price, namely, twenty-five percent (25%) of the Transfer Price in the amount of RMB14,500,000, shall be paid to the Transferors within thirty (30) Business Days after the Foreign Invested Enterprises Business License has been issued, the alteration registration of the Equity Stake with the local administration for industry and commerce has been completed and the Equity Stake has been registered under the name of the Transferee, among which, RMB725,000 shall be paid to Party B, RMB5,220,000 to Party C, RMB6,380,000 to Party D and RMB2,175,000 to Party E, otherwise, the Transferee shall be deemed as being in breach of this Agreement. The Transferors shall provide to the Transferee with the information in relation to the bank accounts respectively opened under the name of the Transferors in a timely fashion so as to enable the Transferee to make the payment of the Transfer Price. The obligations of the Transferee shall be deemed as having been fully fulfilled after the Transfer Price has been fully remitted into the bank accounts respectively designated by the Transferors and the Transferee shall not assume any responsibilities or obligations in relation to the payment of the Transfer Price thereafter. 4.2 The Transferors hereby jointly agree and warrant that the Transferors shall remit to the bank account designated by the Transferee in the amount of RMB4,000,000 within five (5) Business Days from the date when the first instalment of the Transfer Price arriving at the bank accounts designated by the Transferors, which shall be served as the guarantee deposit for the procurement of the approval concerning the on-grid tariff of the Company issued by the competent price administration authority, the completion of the obligations stipulated in Articles 10.27, 10.28, 10.29, 10.30 and 10.31 hereof, the fulfilment of other obligations under this Agreement and the quality guaranty for the Hydroelectric Station Project. Each Party of the Transfer...

Payment of the Transfer Price. 2.1 Party A shall, within five working days upon the execution of this Agreement, pay to Jxx Xxx Yuan, Cxxx Xxxxxxx Yuan; within five working days upon the completion of all registration and filing formalities concerning Equity Transfer, pay RMB to Jxx Xxx, and RMB to Cxxx Xxxxxxx. 2.2 Party B shall give a receipt for every payment as described in Article 2.1 within five(5) days after it has received such payment.

Payment of the Transfer Price. 4.1 Regarding the transfer payment of USD699,985 from Party B to Party A, Party A shall issue an original copy of the “Payment Notice” (See appendix for format) to Party B after Party B pays the additional registered capital of USD19,300,015 to Jitian according to Clause 2.5 of this agreement and that the registered capital has completed the valuation procedure in accordance to the “Joint-venture contract”. Party B shall pay the total transfer amount in RMB currency equivalent to USD699,985 to the designated bank account of Party A within 5 working days upon receipt of the original copy of the Payment Notice. 4.2 Regarding the transfer payment of USD699,985 from Party C to Party A, Party A shall issue an original copy of the “Payment Notice” (See appendix for format) to Party C after Party C pays the additional registered capital of USD19,300,015 to Jitian according to Clause 2.5 of this agreement and that the registered capital has completed the valuation procedure in accordance to the “Joint-venture contract”. Party C shall pay the total transfer amount in RMB currency equivalent to USD699,985 to the designated bank account of Party A within 5 working days upon receipt of the original copy of the Payment Notice. Upon signing of this agreement, Party A is not permitted to use all or part of the equity interest of Jitian as securities or guarantee in any matter. Party A is also not permitted to transfer any of the equity interest to a third party or to authorize a third party to exert any right as a shareholder.

Payment of the Transfer Price. (1) The transferor shall pay the transferee 50% of the transfer price, amounting to RMB12,963,866.75 (hereinafter referred to as “the First Payment of the Transfer Price” ) within 5 business days after the signing date. (2) The transferor shall assist the transferee to complete relevant industrial and commercial alternation registration and other equity transfer procedures within 10 business days after receiving the first payment of the transfer price. The transferee shall pay the transferor the surplus 50% of the transfer price (hereinafter referred to as “the Second Payment of the Transfer Price”), total of RMB12,963,866.75, within 5 business days after above alternation registration and transfer procedures were fulfilled. (3) The following designated bank account by the transferor shall be deemed as beneficiary account that the transferor receives the transfer price. Beneficiary: Wang Xinhuo Name of Bank: Jinhua Branch, Bank of Hangzhou Account Number:

Payment of the Transfer Price. After the title change and delivery of the Object of Transfer, Party B shall, within 10 working days, pay the Remaining Transfer Price in full to the account designated by Party A. Party A shall provide Party B with a special value-added tax invoice stating the corresponding amount within 7 days after receiving such payment. In the event of a delay in the title change or delivery by reason of Party B, Party B shall still pay the Remaining Transfer Price in full according to schedule provided herein (i.e. the period for Party B to pay the Remaining Transfer Price shall be calculated from the date when Party A notifies Party B for handling title change and delivery); provided, however, that Party B shall not be held as violating the agreement if the delay is caused by reason of Party A.