Purchase Price and Manner of Payment. 6.1 The Purchase Price is payable by the Purchaser to the Seller as consideration for the purchase of the Property.
6.2 The Purchaser shall pay the Purchase Price into the trust account of the Conveyancer within 30 (thirty) Business Days after Signature Date. The Conveyancer is hereby authorised to invest the Purchase Price with a registered bank in a special savings account on the Purchaser's behalf in terms of section 78(2)(A) of the Attorneys Act Xx. 00 xx 0000 (xxx Xxxxxxxxx Xxx) pending the Transfer Date. The Parties agree that –
6.2.1 the money so invested will not constitute trust monies as contemplated by the Attorneys Act;
6.2.2 the special savings account will be in the name of the Conveyancer but will be identified with the Purchaser's name and a suitable reference to section 78(2)(A) of the Attorneys Act; and
6.2.3 the interest earned in the special savings account shall be for the benefit of the Purchaser and shall be paid to the Purchaser.
6.3 In the event that the Agreement lapses by reason of the non-fulfilment of the Conditions Precedent or if cancelled by reason of the breach of the Agreement by the Seller or terminated by agreement, the Conveyancers will repay the money invested in trust in terms of 6.1 above plus the interest earned thereon to the Purchaser.
6.4 On the Transfer Date after the transfer of the Property in favour of the Purchaser, the Purchase Price, excluding interest which accrued thereon whilst invested in the special savings account referred to in 6.2 shall be paid by the Conveyancer, on behalf of the Purchaser, to the Seller. The interest accrued shall be paid by the Conveyancer to the Purchaser.
6.5 All payments shall be made at Cape Town, free of bank, exchange and charges, and without any deduction or set-off whatsoever to the Seller. All bank exchange and charges shall be for the account of the Purchaser.
Purchase Price and Manner of Payment. The purchase price of the property is $ and is to be paid by the Purchaser to the Seller as follows:
a. Deposit of $50,000, the receipt of which is acknowledged by the Seller.
b. Balance of the purchase price due at closing,
c. Purchaser represents that it has sufficient funds to purchase this property. Purchaser agrees that its obligation to close title is not contingent upon receipt of financing for any portion of the purchase price.
Purchase Price and Manner of Payment. The total purchase price (“Purchase Price”) to be paid for the Property shall be Dollars ($ ). The Purchase Price shall be payable as follows:
2.1 In conjunction with execution of this Agreement (the “Execution Date”), Buyer shall submit Dollars ($ ) to Seller as xxxxxxx money (“Xxxxxxx Money”). In the event this Agreement is not accepted by Seller, the Xxxxxxx Money shall be promptly returned to Buyer. Upon acceptance of this Offer by Seller, such Xxxxxxx Money shall secure the Buyer's performance of this Agreement and in the event of a default by Buyer in the performance of its obligations herein specified, Seller shall have the right to terminate this Agreement and the Xxxxxxx Money shall be paid to Seller as liquidated damages as Seller’s sole remedy at law or in equity; and
2.2 The balance of the Purchase Price, subject to adjustments as set forth herein, shall be payable in certified funds or by electronic transfer of funds on the “Closing Date” (as hereinafter defined).
Purchase Price and Manner of Payment. Subject to Section 2.03 below, the Purchase Price for the Real Estate shall be One Million Two Hundred Sixty Three Thousand Six Hundred Fifty and no/100 Dollars ($1,263,650.00)(“Purchase Price”) which amount Buyer agrees to pay Seller in accordance with the terms and conditions of this Agreement. The Purchase Price (less any applicable credits and adjustments due to Seller and/or Buyer under this Agreement) shall be paid in full at Closing.
Purchase Price and Manner of Payment. The total purchase price (“Purchase Price”) to be paid by Buyer to Seller for the Property shall be One Million Dollars (U.S. $1,000,000.00). The Purchase Price shall be payable by wire transfer of immediately available funds on or before the Closing Date.
Purchase Price and Manner of Payment. The PURCHASE price is the total sum of N$ computed as follows:
(i) The Unit no.
(ii) The Garage no. N$ N$ inclusive of estate agents commission (inclusive of their VAT) and exclusive of VAT payable on the property, if any, and shall be payable by the PURCHASER as follows:
(a) (i) an amount of N$30 000,00 (THIRTY THOUSAND NAMIBIA DOLLARS) against signature of this agreement directly to the SELLER.
Purchase Price and Manner of Payment. 3.1. If PDI exercises the Option and SSF exercises the Tag-Along Right, PDI shall acquire the SSF Interest for a purchase price (“Purchase Price”) that is an amount equal to the sum of limited partnership distributions SSF would receive under the Partnership Agreement if the Property were sold on the Closing Date for a fair market valuation of the Property (“Property Valuation”) based on the procedures and methodology set forth in Section 3.2 below (the “Transaction”). The Purchase Price shall be calculated (a) assuming no brokerage fees or other closing costs of any kind would be incurred upon the sale of the Property excepting only those categories of customary and reasonable liabilities, expenses and pro-rations associated with the sale of partnership interests, and (b) giving due effect to the application of gross purchase proceeds to payment of all outstanding debt on the Property and of the Partnership (and debt- related expenses including breakage fees and lender’s attorney’s fees), other liabilities of the Partnership and the required distributions called for under the Partnership Agreement.
3.2. On or prior to the date that is sixty (60) days prior to PDI’s anticipated exercise of the Option, PDI shall designate three (3) appraisers from the list of appraisers set forth on Exhibit B attached hereto (each, a “Qualified Appraiser” and collectively, the “Qualified Appraisers”). Each of the Qualified Appraisers shall, at PDI’s cost and expense, (i) examine the records relating to the Property and such other documents and records as may, in their judgment, be necessary, (ii) conduct site inspections of the Property, (iii) review any other documents, perform any other due diligence or conduct any other customary actions deemed necessary to make a determination of the fair market value of the Property and (iv) shall submit to PDI and SSF, within forty-five (45) days of their engagement by PDI, their reasonable estimate of the fair market value of the Property based on the amount for which the Property would be sold free and clear of debt by a willing seller not compelled to sell to a willing buyer not compelled to buy taking into account all relevant factors (each, a “Fair Market Value Submission”). The greater of (i) $1,026,000,000 and (ii) the average of the two (2) highest Fair Market Value Submissions from the three (3) Qualified Appraisers will be deemed the Property Valuation for purpose of the calculation of the Purchase Price.
3.3. In the event t...
Purchase Price and Manner of Payment. The purchase price for the Work is Three Million United States Dollars (USD $3,000,000) (the “Purchase Price”). The Purchase Price shall be paid as follows: (i) a non-refundable deposit in the amount of Five Hundred Thousand United States Dollars (USD $500,000) shall be paid within five (5) business days of the execution of this Agreement (the “First Installment”), and (ii) the remaining Txx Xxxxxxx Xxxx Xxxxxxx Xxxxxxxx Xxxxxx Xxxxxx Dollars (USD $2,500,000) of the Purchase Price (the “Final Installment”) shall be paid within 120 days of the execution of this Agreement. For the avoidance of doubt, the Buyer’s obligation to pay the Purchase Price is expressly conditioned on confirmation of the Work’s condition as set forth in Section 3.1.6. Agent shall pay the Purchase Price to Seller by wire transfer in accordance with the wire instructions set forth in the invoice, a copy of which is attached hereto as Exhibit A, which shall be verbally confirmed by Alyssa Laverda on behalf of Buyer and [***] on behalf of Seller prior to payment to Seller.
Purchase Price and Manner of Payment. The purchase price (the "Purchase Price") to be paid by ABAG to BAHA for the Property at closing shall be ABAG’s condominium ownership interest in its condominium unit (“ABAG Unit”) located in the MetroCenter, located at 000 Xxxxxx Xxxxxx, Xxxxxxx, Xxxxxxxxxx 00000 (“MetroCenter”) together with all rights, privileges, easements and appurtenances to or affecting the ABAG Unit, together with (1) all of ABAG's right, title and interest in and to the work stations, office furniture, fixtures, telephone and computer cabling and other equipment installed by ABAG (“ABAG Personal Property”) and (2) all "as-built" plans and specifications and governmental permits and approvals relating to the use and occupancy of the ABAG Unit (“ABAG Intangible Property”). The Purchase Price shall be paid through recordation of deed and execution of other necessary documents through the escrow established pursuant to Section 7 below.
Purchase Price and Manner of Payment. 2.1 The purchase price for the Work is One Million Nine Hundred Thousand U.S. Dollars (USD $1,900,000) (the “Purchase Price”). For the purposes of this Purchase Agreement, the “Closing Date” shall mean the date upon which Agent or Buyer pays the full Purchase Price to the Seller and the “Closing” shall mean the time such payment is remitted by Bxxxx and title to the Work is vested in Buyer. The full Purchase Price shall be paid no later than ninety (90) calendar days from the Effective Date.
