Purchase of Residence Sample Clauses

Purchase of Residence. The criteria for reimbursement of relocation costs associated with the purchase of a home at the new place of employment is the same as that set out for the sale of a residence. When those conditions are met, the following expenses will be reimbursed: • legal expenses incurred in the purchase that were necessary to obtain clear marketable title to the property, up to the tariff set by the local county or district law association, i.e., a sheriff’s fee, a land transfer tax, • costs of transferring a deed or the cost of a survey if it was required to confirm the description of the property to be purchased; • expenses incurred to acquire a first mortgage, such as appraisal cost and • set-up fees related to the Employee’s principal residence.
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Purchase of Residence. If the Executive is unable to sell his residence in the San Francisco, California metropolitan area within ninety (90) days after the Date of Termination at a sales price which provides the Executive with net proceeds (before repayment of any mortgage) at least equal to his aggregate investment in such residence, the Company shall, at the Executive's election, either (A) purchase such residence from the Executive at a price equal to the Executive's aggregate investment in such residence, or (B) indemnify the Executive against any loss (defined as the difference between the actual net sale price of such residence and the higher of (X) his aggregate investment in such residence of (Y) the fair market value of such residence as determined by a real estate appraiser designated by the Executive and reasonably satisfactory to the Company) realized on the sale of such residence.
Sample 1Sample 2
Purchase of Residence. Purchaser hereby agrees to purchase and Seller agrees to sell, subject to the terms and conditions contained in this Agreement, a concession in the Residence that has been or will be built by Seller, consisting of all of Seller’s right, title and interest in the Residence (the “Concession”). The Seller proposes to construct the Project pursuant to the terms of those certain concessions between Seller and the Costa Rican Tourism Institute (“ICT”) (as the same may be amended or modified from time to time) (“Seller’s Concession”). As used in this Agreement, all references to “purchase or sale of the Residence,” “ownership,” “transfer of title,” “conveyance” or the like, shall refer only to the ownership, sale, transfer or conveyance of the Concession in the Residence. The sale, transfer or conveyance of the Residence by Seller shall be effected by the assignment to Purchaser of the total share capital of a special purpose entity (“Costa Rican Company”), a wholly-owned subsidiary of Seller, organized and existing under the laws of the Republic of Costa Rica, registered in the Costa Rican Public Registry. Detailed corporate information for Costa Rican Company is attached hereto as Exhibit B. At Closing (as defined hereunder), the Costa Rican Company will hold a concession over the Residence, as a result of having entered with Seller and ICT into an assignment of the Concession, by virtue of which the ICT has granted a new concession in favor of Costa Rican Company as concessionaire, with respect to the Residence (“Assignment and Concession”). The Assignment and Concession contains the full legal description of the Concession, sets forth the rights and obligations of the concessionaire, including the Concession term, renewal periods, the right to encumber and mortgage the Concession as collateral for financing, right of transfer and general commitments.
Sample 1
Purchase of Residence. Reimbursement will be made to employees who own a home at the old location for reasonable and customary out-of-pocket expenses incurred in purchasing a home at the new location, up to a maximum of three percent (3%) of the purchase price of the employee's new home. Buyer’s discount points which serve to reduce the mortgage interest rate will not be reimbursed. Seller's points passed on to the buyer will not be reimbursed. Representative costs for purchasing a home include: -- attorney fees -- closing costs -- title insurance (non-refundable) -- loan origination fees -- legally required inspections -- transfer taxes -- credit reports -- title search
Sample 1
Purchase of Residence. The Company agrees to make available to Xxxxxxx on or before June 30, 1998 the Company's currently existing executive relocation policy as it specifically relates to the sale of Xxxxxxx'x residence located at 1293 Quail Hollow Lane, Palatine, Illinois (the "Illinois Residence"). The Company will pay in accordance with its standard moving policy the costs of moving Xxxxxxx'x furniture and possessions located at the Illinois Residence to his home or other designated location in Pennsylvania.
Sample 1

Related to Purchase of Residence

  • Purchase of the Units (a) The Company agrees to issue and sell the Underwritten Units to the several Underwriters as provided in this underwriting agreement (this “Agreement”), and each Underwriter, on the basis of the representations, warranties and agreements set forth herein and subject to the conditions set forth herein, agrees, severally and not jointly, to purchase at a price per Unit of $9.80 (the “Purchase Price”) from the Company the respective number of Underwritten Units set forth opposite such Underwriter’s name in Schedule 1 hereto.

  • Purchase of Units On the basis of the representations and warranties herein contained, but subject to the terms and conditions herein set forth, the Company agrees to issue and sell to the several Underwriters, severally and not jointly, an aggregate of 20,000,000 units of the Company (the “Firm Units”) at a purchase price (net of discounts and commissions) of $9.80

  • Purchase of Firm Units On the basis of the representations and warranties contained herein, but subject to the terms and conditions herein set forth, the Company agrees to issue and sell to the several Underwriters, severally and not jointly, and the Underwriters agree to purchase from the Company, severally and not jointly, an aggregate of 10,000,000 units (the “Firm Units”) of the Company, as set forth opposite the respective names of the Underwriters on Schedule A hereto, at a purchase price (net of discounts and commissions and the Deferred Underwriting Commission described in Section 1.3 below) of $9.45

  • Purchase of Shares For the sum of $25,000 (the “Purchase Price”), which the Company acknowledges receiving in cash, the Company hereby issues the Shares to the Subscriber, and the Subscriber hereby purchases the Shares from the Company, subject to forfeiture, on the terms and subject to the conditions set forth in this Agreement. Concurrently with the Subscriber’s execution of this Agreement, the Company shall, at its option, deliver to the Subscriber a certificate registered in the Subscriber’s name representing the shares (the “Original Certificate”), or effect such delivery in book-entry form.

  • Repurchase of Units (a) Except as otherwise provided in this Agreement, no Partner or other Person holding Units will have the right to withdraw or tender for repurchase any of its Units. The Directors may, from time to time, in their complete and exclusive discretion and on terms and conditions as they may determine, cause the Partnership to repurchase Units in accordance with written tenders. The Partnership will not offer, however, to repurchase Units on more than four occasions during any one Fiscal Year, unless the Partnership has been advised by its legal counsel that more frequent offers would not cause any adverse tax consequences to the Partnership or the Partners. In determining whether to cause the Partnership to repurchase Units, pursuant to written tenders, the Directors will consider the following factors, among others:

  • Purchase of Company Shares Acquisition Sub shall have accepted for payment and paid for all of the Company Shares validly tendered and not withdrawn pursuant to the Offer.

  • Purchase of Stock 2 Section 1.1

  • Purchase of the Shares (a) The Company agrees to issue and sell the Underwritten Shares to the several Underwriters as provided in this underwriting agreement (this “Agreement”), and each Underwriter, on the basis of the representations, warranties and agreements set forth herein and subject to the conditions set forth herein, agrees, severally and not jointly, to purchase at a price per share of $[●] (the “Purchase Price”) from the Company the respective number of Underwritten Shares set forth opposite such Underwriter’s name in Schedule 1 hereto. In addition, the Company agrees to issue and sell the Option Shares to the several Underwriters as provided in this Agreement, and the Underwriters, on the basis of the representations, warranties and agreements set forth herein and subject to the conditions set forth herein, shall have the option to purchase, severally and not jointly, from the Company the Option Shares at the Purchase Price less an amount per share equal to any dividends or distributions declared by the Company and payable on the Underwritten Shares but not payable on the Option Shares. If any Option Shares are to be purchased, the number of Option Shares to be purchased by each Underwriter shall be the number of Option Shares which bears the same ratio to the aggregate number of Option Shares being purchased as the number of Underwritten Shares set forth opposite the name of such Underwriter in Schedule 1 hereto (or such number increased as set forth in Section 10 hereof) bears to the aggregate number of Underwritten Shares being purchased from the Company by the several Underwriters, subject, however, to such adjustments to eliminate any fractional Shares as the Representatives in their sole discretion shall make. The Underwriters may exercise the option to purchase Option Shares at any time in whole, or from time to time in part, on or before the thirtieth day following the date of the Prospectus, by written notice from the Representatives to the Company. Such notice shall set forth the aggregate number of Option Shares as to which the option is being exercised and the date and time when the Option Shares are to be delivered and paid for, which may be the same date and time as the Closing Date (as hereinafter defined) but shall not be earlier than the Closing Date nor later than the tenth full business day (as hereinafter defined) after the date of such notice (unless such time and date are postponed in accordance with the provisions of Section 10 hereof). Any such notice shall be given at least two business days prior to the date and time of delivery specified therein.

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