PURCHASE AND SALE OF THE INTERESTS; CONSIDERATION Sample Clauses

PURCHASE AND SALE OF THE INTERESTS; CONSIDERATION. 2.1 In reliance upon the representations and warranties of Seller, Purchaser agrees to buy the Interests, subject to the other terms and provisions hereof, at the time, date and location specified in Section 8.1 (the “Closing Date”), for the sum of: (a) $39,221.52 in cash; and (b) Purchaser’s promissory note in the principal amount of $300,504.00, which shall be due 90 days after the Closing Date, and shall otherwise be substantially in the form of the Note attached as Exhibit B, and which Note shall be secured by the Deed of Trust which shall be substantially in the form attached as Exhibit C. The price, as adjusted in accordance with the other provisions hereof, is referred to in this Agreement as the “Purchase Price.” 2.2 The Purchase Price shall be paid or delivered to Seller at the time and in the manner specified in Section 8.1.