Purchase Price and Other Payments. As consideration for the transfer of the Assets and the other undertakings of the Seller and PHI in this Agreement, the Buyer shall pay the following amounts to the parties and at the times noted:
Purchase Price and Other Payments by Buyer Buyer will pay to Seller, at the times and in the manner hereinafter set forth, as purchase price for the Premises and interest on the unpaid portions thereof as follows:
a. Three Hundred Ninety Two Thousand Three Hundred Sixty Two Dollars and No Cents ($392,362.00) together with interest on the unpaid portions thereof shall be repaid in one hundred eighty (180) equal monthly installments including all accrued interest at the rate of 3.75% per annum as charged under the Note from Seller to PIDA, and each such installment shall be paid to Seller ten (10) days prior to the date Seller is to pay PIDA and the amount 3 - 3 - of each installment shall be equal to the amount required to be paid by Seller to PIDA, and each of which installments shall first be applied to accrued interest at the aforesaid rate and the balance on account of purchase price. Notwithstanding the foregoing, Buyer shall pay the foregoing installments directly to PIDA, if requested by PIDA.
b. In addition to the amounts specified above, Buyer shall pay to the Philadelphia Industrial Development Corporation, agent for Seller, for services rendered a monthly service charge in the amount of Twenty Eight Dollars and Fifty Three Cents ($28.53) commencing upon the payment of purchase price and interest under the Note from Seller to PIDA, and continuing throughout the term of this Agreement. In addition, in the event Buyer prepays all or part of the purchase price under Paragraph 4
(a) hereof, Buyer shall pay to the Philadelphia Industrial Development Corporation, agent for Seller, at the time of such prepayment, an amount equal to 1/2 of 1% of the total amount prepaid.
c. pay such amount to PIDA on account of the aforesaid Note and Mortgage to be applied in the manner prescribed by this Agreement.
d. Buyer shall have the privilege of prepaying the purchase price at the times and subject to the same conditions and premiums as is required for prepayment of the respective Mortgages to which such prepayments will be applied subject to the provisions of Paragraph 4b hereof.
Purchase Price and Other Payments. As consideration for the transfer of the PH Assets and the NPC Assets and the other undertakings of the parties, the following amounts shall be paid at the times noted:
Purchase Price and Other Payments. Purchaser shall have delivered to Seller the cash portion of the Purchase Price, the Subordinated Note, the Consideration Note and any other payments required to be made as of the Closing Date.
Purchase Price and Other Payments. 16 ***Certain Confidential Information Omitted
Purchase Price and Other Payments. (a) Buyer shall pay to Sellers an aggregate purchase price for the Interests (the "Purchase Price") of Twenty-Six Million Eight Hundred Fifty-One Thousand Eight Hundred and Twenty Five Dollars ($26,851,825), subject to the terms and conditions of this Agreement. The Purchase Price shall be paid as follows:
(i) upon execution and delivery of this Agreement, Buyer shall deliver the Initial Deposit to Escrow Agent; (ii) by 5:00 p.m. on August 1, 1997, Buyer shall deliver or cause to be delivered the Closing Deposit to Escrow Agent; provided, that if a valid Notice of Material Concern and/or a valid Commitment Notice and/or a valid Lender Objection Notice and/or a valid Lender Failure Notice has been given and the matters described therein have not been resolved by mutual agreement of Sellers and Buyer on or prior to the expiration of the Due Diligence Period, and Buyer delivers, or is deemed to have delivered, to Sellers an Acceptance Notice in accordance with Section 4.03(a), then Buyer shall deliver or cause to be delivered the Closing Deposit to Escrow Agent by 5:00 p.m. on the date that is one Business Day after the date that Buyer delivers, or is deemed to have delivered, the Acceptance Notice; and (iii) on the Closing Date, Buyer shall deliver to Sellers the Purchase Price plus any cash amounts due to Sellers pursuant to Sections 3.04, 7.02(b) and 8.01(k), less:
Purchase Price and Other Payments. No Person will be entitled to receive or have any claim to a portion of the Purchase Price or any other payment or consideration as a result of the transactions contemplated in this Agreement or any Seller Ancillary Agreement, other than Seller and, by virtue of its ownership of Seller, the Seller Owner.
Purchase Price and Other Payments. Pursuant to Section 2,3, Purchaser shall pay to Seller the Purchase Price on or before the Initial Payment Date, plus or minus any applicable adjustment determined pursuant to Section 2.4 and Section 2.5, by certified check or by wire transfer of immediately available funds of the balance of such amount.
Purchase Price and Other Payments. 3.1. The Closing Consideration.
3.1.1. The “BSI Closing Consideration” shall be an amount equal to (a) the BSI Purchase Price, plus (b) the BSI Equity Value Adjustment, minus (c) the product of (i) 0.751 multiplied by (ii) Revenue Run Rate Adjustment.
Purchase Price and Other Payments. Purchaser shall deliver to Seller the Purchase Price, reduced by the Holdback Amount and the other payments described in Section 1.4 hereof.
