Purchase Price and Method of Payment. The purchase price for the Property is Sixteen Million Five Hundred Thousand DOLLARS and No CENTS ($16,500,000.00) adjusted, if required, as provided in Sections 5 and 14 and payable as follows:
(a) Two Hundred Fifty Thousand DOLLARS and No CENTS ($250,000.00) xxxxxxx money deposit (the “First Xxxxxxx Money Deposit”) paid by Buyer to Xxxxxx & Xxxxx LLC (the “Escrow Agent”) within five (5) business days following receipt, by Buyer, of a copy of this Contract dated and signed by Seller. The First Xxxxxxx Money Deposit shall be held in trust by the Escrow Agent subject to such agent’s standard form of escrow agreement (the “Escrow Agreement”) which Seller and Buyer shall join in and execute and disbursed as set forth below.
(b) Seven Hundred Fifty Thousand DOLLARS and No CENTS ($750,000.00) xxxxxxx money deposit (the “Second Xxxxxxx Money Deposit”) (collectively the First Xxxxxxx Money Deposit and the Second Xxxxxxx Money Deposit are referred to herein as the “Xxxxxxx Money Deposits” and are to be held pursuant to the terms of the Escrow Agreement) paid by Buyer to the Escrow Agent within three (3) business days following the expiration of the Inspection Period (as hereinafter defined) in the event Buyer elects not to terminate this Contract by written notice to Seller prior to expiration of the Inspection Period.
(c) The balance of Fifteen Million Five Hundred Thousand DOLLARS and No CENTS ($15,500,000.00) shall be payable in cash, by completed bank wire transfer of federal funds to an account designated by Seller, or by way of a cashier’s check issued by a state or national banking institution located in Orange County, Florida, it being understood that the precise amount of cash payable at closing to complete payment of the cash portion of the purchase price may vary depending upon the applicable adjustments and prorations, including, but not limited to, the adjustment to the purchase price pursuant to Sections 5 and 14 below.
Purchase Price and Method of Payment. Buyer shall pay and Seller shall accept the purchase price for the Business as follows:
Purchase Price and Method of Payment. The total purchase price to be paid for the property is $ , with a ten percent (10%) down payment, due on the day of auction, in the amount of $ to be paid concurrently to the escrow agent, CLAY COUNTY ABSTRACT AND TITLE, Clay Center, Kansas with the execution of this agreement.
Purchase Price and Method of Payment. The Purchase Price shall be paid in U.S. Dollars at Closing in cash or its equivalent which shall only include the wire transfer of immediately available funds, or a cashier’s check issued for the closing by a federally insured bank, savings bank, savings and loan association or credit union where the funds are immediately available.
Purchase Price and Method of Payment. 4.1 The Total purchase price of the property shall be the amount stated in paragraph E1 of the Information Schedule regardless of the final extent of the property as reflected on the site diagram attached marked “Annexure A”.
4.2 The Purchaser shall pay the Seller’s attorneys the deposit for the property as stated in paragraph E2 of the Information Schedule on signature of this agreement by the Purchaser, which deposit shall be held in trust by the Seller’s attorneys and invested in an interest bearing account in accordance with the provisions of Section 26 of the Alienation of Land Act No 68 of 1981 (as amended) with interest to accrue to the Purchaser. The provisions of this clause 4.2 shall constitute authority to the Conveyancers, in terms of Section 78(2A) of the Attorneys Act, to invest the deposit for the benefit of Purchaser pending registration of transfer.
4.3 The Seller will not be bound to the Purchaser in terms of this agreement until such time as the deposit referred to in paragraph E2 has been paid to the Sellers attorneys trust account referred to in paragraph 4.2 above. The Seller shall be entitled to accept further offers acceptable to the Seller, until such time that written confirmation is given to the Seller or his attorneys by the Purchaser confirming the payment of the deposit as provided for in this clause 4.3 In the event of the Seller accepting an offer to purchase the property on terms and conditions acceptable to the Seller prior to receipt of such written notification, this agreement shall be deemed ipso facto null and void.
4.4 Within 21 (twenty one) days after signature of this agreement, the Purchaser shall furnish the Seller with an irrevocable guarantee issued by a registered commercial bank for the due payment of the balance of the purchase price of the property as referred to in clause E4 of the Information Schedule, or in the event of the Purchaser requiring a mortgage bond for purposes of acquiring the property in the amount recorded in clause E3 of the Information Schedule, within 21 (twenty one) days of securing a mortgage bond as provided for in clause 16.1 hereunder.
4.5 Or alternatively to the delivery of the guarantee referred to in clause 4.4 above, the Purchaser shall within the same time periods as provided for in the aforesaid clause, pay into the trust account of the attorneys, the balance of the purchase price of the property as referred to in clause E4 of the Information Schedule, to be held by such attorn...
Purchase Price and Method of Payment. 2.01. The purchase price ("Purchase Price") for the Aircraft and Data is Thirteen Million Two Hundred Thousand dollars ($13,200,000). N931MC $13,200,000
2.02. Upon delivery of the Aircraft and Data, Buyer shall pay to Seller the Purchase Price.
2.03. All payments hereunder shall be made by wire transfer of immediately available funds to: Equis Financial Group Fleet Bank, N.A. 00 Xxxx Xxxxxx Xxx Xxxx, XX 00000 ABA #000-000-000 Account # 0000-00-0000
Purchase Price and Method of Payment. 3.1 The purchase price for the Property shall be R , and which shall be payable in the following manner:
3.1.1 Cash deposit R in terms of Clause 3.2 below
3.1.2 Loan R in terms of Clause 3.3 below
3.1.3 Cash balance R in terms of Clause 3.4 below
3.2 The deposit referred to in Clause 3.1.1 is to be paid to the Conveyancers within 7 (Seven) days of acceptance of this agreement by the seller, into the following trust account: Berrange Incorporated Trust Account Bank: Nedbank Limited Branch code: 134 025 Account number: 134 036 9362 Reference : Erf (Erf number) Howick/ (Surname) Should same not be paid, in full, within the said 7 (Seven) day period, this agreement shall lapse, without further notice, with immediate effect. In this event, any part payment made towards the deposit shall be forfeited to the seller as envisaged in clause 9.1.2 below.
3.3 The amount referred to in Clause 3.1.2 shall be paid to the Seller upon registration of transfer and shall be provided by the raising of a bank loan on the security of the property hereby sold. This entire agreement is subject to the condition that the Purchaser is able to arrange a loan in the amount referred to in clause 3.1.2, in principle, on usual bank terms and conditions, within 30 (Thirty) days of signature hereof by the Seller. The Purchaser agrees and undertakes to take all steps and sign all documents reasonably necessary to give effect to this clause.
3.3.1 Should such loan not be granted in principle by due date, this agreement shall automatically fail and be of no further force or effect whatsoever.
3.3.2 The condition contained in Clause 3.3 has been inserted for the benefit of the Purchaser, and can be waived by him provided that such waiver is contained in writing and lodged with the Agents before the date referred to above.
3.3.3 The Purchaser undertakes to lodge with the Conveyancers, bank guarantees for payment of the sum referred to in Clause 3.1.2 within 14 (Fourteen) days of written request therefore by the Conveyancers and, within a further 7 (Seven) days, to take all such steps as may be necessary to enable the attorneys attending to the registration of the bond, to lodge their documents in the Pietermaritzburg Deeds Registry.
3.3.4 The Purchaser warrants that he is aware of the financial requirements of the bank relating to the mortgage bond that is to be applied for, and undertakes, to the best of his ability, to immediately provide, upon request by the relevant bank concerned, all info...
Purchase Price and Method of Payment. Subject to the adjustments Hereinafter specified, the total purchase price is One Million Four Hundred Sixteen Thousand Ninety-Four Dollars ($1,416,094.00) and is payable by the Buyer as follows:
Purchase Price and Method of Payment. The purchase price of the Property to be paid by Buyer at closing is: $ , subject to the following: [Select sections A or B below. The sections not marked are not a part of the Agreement.] Seller and/or lender shall pay the following: The sum of up to $ to be used by Buyer for closing costs as described in paragraph 4.C.a. and in paragraph 4.D. Unspent sums, if any, shall remain with the Seller.
Purchase Price and Method of Payment. At closing, Buyer agrees to pay Seller the purchase price of the Property of $ , U.S. Dollars: cash, wire transfer of immediately available funds, or a cashier’s check issued for the closing by a federally insured bank, savings bank, savings and loan association or credit union where the funds are immediately available. The above forms of payment shall be deemed to be the equivalent of Buyer paying all cash at closing which shall be the method of payment.
