Purchase Amount Sample Clauses
The Purchase Amount clause defines the total monetary value that the buyer agrees to pay for the goods or services specified in the contract. Typically, this clause outlines the exact sum, the currency to be used, and may detail any conditions or adjustments that could affect the final amount, such as taxes, discounts, or installment payments. By clearly stating the purchase price and related terms, this clause ensures both parties have a mutual understanding of the financial obligations, thereby reducing the risk of disputes over payment expectations.
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Purchase Amount. 3.1. In accordance with and subject to the terms and conditions of this Agreement, each Purchaser shall pay to the Seller the Purchase Amount in the manner set out in Schedule 8, net of withholding tax amount (as set out in the Final Tax Certificate) (each of such amounts payable by the Purchaser to be referred as the Net Purchase Amount) for the Sale Shares, by depositing their respective Net Purchase Amount in the Cash Escrow Account. It is hereby clarified that, an amount equivalent to the withholding tax amount (as set out in the Final Tax Certificate for each of the Purchasers) shall be withheld from the Purchase Amount and shall be dealt with in accordance with Clause 3.5 below. The Purchasers agree that the Seller would only be selling all (but not part) of the Sale Shares at Closing and would not be willing nor be expected under any circumstances to sell only a part of the Sale Shares. Accordingly, in the event one or more of the Purchaser(s) do not consummate the Closing under this Agreement and no other Purchaser(s) is willing to acquire such Sale Shares, the Seller shall not be obligated to sell part or proportionate Sale Shares to the remaining Purchasers. It is hereby clarified that if any Purchaser does not consummate the Closing under this Agreement, and any other Purchaser is willing to acquire such Sale Shares, the Seller shall be obligated to sell all (but not part) of the Sale Shares.
3.2. The Seller hereby acknowledges that, upon receipt of a credit of the Net Total Purchase Amount, the Seller shall make payments to the Seller Advisors to the extent of 1.02% (One point Zero Two Percent) of the Purchase Amount. The Seller further acknowledges that the payment of the aforesaid amount is the sole obligation of the Seller; and the Purchasers shall not be liable or obligated to pay any such amounts as mentioned above.
3.3. The Seller and the Purchasers shall enter into Escrow Agreements to give effect to the arrangements contemplated under Schedule 7. Notwithstanding anything contained in this Agreement, it is hereby agreed between the Parties that, upon receipt of the Net Purchase Amount in the Cash Escrow Account in accordance with Schedule 7, the Purchasers shall be deemed to have fulfilled their obligation to pay their respective Net Purchase Amount as payable at Closing for the purchase of the Sale Shares. It is hereby clarified that, in the event the Seller does not receive the Net Total Purchase Amount in its account outside India and...
Purchase Amount. (i) If a Responsible Person of the Servicer has actual knowledge, or receives notice from the Depositor, the Issuer, the Owner Trustee or the Indenture Trustee, of a breach of the covenants set forth in Sections 3.1(c) or (d) and such breach is not cured in all material respects by the end of the second full Collection Period (or, at the Servicer’s option, the first full Collection Period) after the Responsible Person obtained actual knowledge or was notified of such breach, the Servicer will purchase each Receivable materially and adversely affected by such breach by depositing the Purchase Amount for such Receivable into the Collection Account on the Business Day preceding the Payment Date after such Collection Period (or, with satisfaction of the Rating Agency Condition, on such Payment Date).
(ii) Upon the occurrence of any of the conditions requiring purchase of a Receivable set forth in Section 3.1(b), the Servicer will repurchase the Receivable affected by such occurrence by depositing the Purchase Amount for such Receivable into the Collection Account on the Business Day preceding the Payment Date after the Collection Period (or, with satisfaction of the Rating Agency Condition, on such Payment Date) in which such modification is made.
(iii) If the Servicer, in its sole discretion, determines that as a result of a receivables systems error or receivables systems limitation or for any other reason the Servicer is unable to service any Receivable in accordance with the Credit and Collection Policy and the terms of this Agreement, the Servicer may purchase such Receivable by depositing the Purchase Amount for such Receivable into the Collection Account on the Business Day preceding the Payment Date after the Collection Period (or, with satisfaction of the Rating Agency Condition, on such Payment Date) in which such determination is made.
(iv) If Ford Credit is the Servicer, it may pay any Purchase Amounts in accordance with Section 4.3(c).
Purchase Amount. When a Subscription is made the Subscriber will: (i) be an “accredited investor” as defined in National Instrument 45- 106 Prospectus Exemptions (“NI 45-106”) by virtue of being a person, company or other entity of the type indicated in Part 4 of this Subscription Agreement (see Schedule “B”); or (ii) be able to subscribe for Units pursuant to an exemption that has been discussed with, and approved by, the Manager;
Purchase Amount. Subject to the terms and conditions herein and the satisfaction of the conditions to Closing set forth below, Investor hereby irrevocably agrees to purchase 53 Preferred Shares of Company at $10,000.00 per share with a 5.0% original issue discount (“OID”) for the sum of $500,000.00 (“Purchase Amount”).
Purchase Amount. Subject to the terms and conditions herein and the satisfaction of the conditions to each Closing set forth below, Company hereby agrees to sell to Purchaser for the aggregate sum of $1,000,000.00 (“Purchase Amount”), and Purchaser hereby agrees to purchase from Company, an aggregate of 1,000 shares of Series G Preferred Stock (“Preferred Shares”) of Company, at a price of $1,000.00 per Preferred Share.
Purchase Amount. Subject to the terms and conditions herein and the satisfaction of the conditions to Closing set forth below, Investor hereby irrevocably agrees to purchase up to 211 Preferred Shares of Company at $10,000.00 per share with a 5.0% original issue discount (“OID”) for the sum of up to $2,000,000.00 (“Purchase Amount”).
Purchase Amount. Subject to the terms and conditions herein and the satisfaction of the conditions to Closing set forth below, for an aggregate purchase price of $3,000,000.00 (“Purchase Amount”), Investor hereby irrevocably agrees to purchase a Warrant and a Note with the aggregate Face Value of $4,250,000.00 including an original issue discount (OID), all in accordance with the terms, provisions, and schedule set forth in this Agreement and in the Transaction Documents.
Purchase Amount. Subject to the terms and conditions herein and the satisfaction of the conditions to Closing set forth below, Investor hereby irrevocably agrees to purchase 1,087 Preferred Shares of Company at $5,000.00 per share with an 8.0% original issue discount for the sum of $5,000,000.00 (“Purchase Amount”) in cash.
Purchase Amount. The Purchaser shall pay to the Seller the Purchase Amount in accordance with terms and conditions set in the Pricing Schedule annexed hereto as Annexure “C” and this Agreement.
Purchase Amount. In full consideration for the sale, contribution, assignment, transfer, conveyance and granting of the Purchased Receivables, and subject to the terms and conditions set forth herein, the Purchaser shall pay (or cause to be paid) to the Seller, or the Seller’s designee, the following:
(a) on the Initial Closing Date, the sum of fifty million dollars ($50,000,000), in immediately available funds by wire transfer to an account designated in writing by the Seller to the Purchaser prior to the Initial Closing (the “Purchase Amount”); and
(b) on the Subsequent Closing Date, the sum of one hundred million dollars ($100,000,000), and the term “Purchase Amount” shall thereafter be deemed amended to include the funds paid on the Subsequent Closing Date (i.e., an aggregate of one hundred fifty million dollars ($150,000,000)), less the amount owed by the Seller pursuant to Section 3.7, in immediately available funds by wire transfer to an account designated in writing by the Seller to the Purchaser prior to the Subsequent Closing Date, except to the extent the Purchaser has delivered notice of termination of its obligations pursuant to Section 7.2(a) or the events set forth in Section 7.2(b) have occurred.