PURCHASE PRICE AND PAYMENT THEREOF Sample Clauses

PURCHASE PRICE AND PAYMENT THEREOF. 2.1 The aggregate purchase price (the "Purchase Price") for the Project is the sum of Five Million Eleven Thousand Five Hundred Two and 50/Dollars ($5,011,502.50). The Purchase Price, adjusted as provided in this Agreement, shall be payable by Purchaser to Seller on the Closing Date (as herein defined) by certified or cashier's check or wire transfer of immediately available funds to Seller's designated financial institution. 2.2 The Purchase Price shall be allocated among the Land, Improvements and Personal Property in accordance with the schedule attached hereto as Exhibit "C" and made a part hereof by this reference.

PURCHASE PRICE AND PAYMENT THEREOF. The aggregate purchase price for the Assets (the "Purchase Price") shall be $140,000.00. Each Seller hereby acknowledges that a downpayment in the amount of $25,000.00 has been made on the Purchase Price. A portion of the remaining $115,000.00 portion of the Purchase Price (the "Remaining Amount") shall be paid to Sellers, on a cumulative basis, by the dates set forth opposite to the figures for such cumulative portions in Table I immediately below: TABLE I Cumulative Portion of Date by which Cumulative Remaining Amount Portion Must be Paid $10,000 August 3, 1998 $20,000 August 15, 1998 $30,000 September 15, 1998 $115,000 October 15, 1998 The Remaining Amount shall be paid, at Purchaser's election, either in cash, in shares of Common Stock, or in some combination thereof. The Remaining Amount shall be reduced and be deemed paid by (a) the amount of cash tendered by Purchaser, (b) the sales proceeds of any shares of Common Stock tendered by Purchaser and sold by either Seller, and (c) by the product of (i) the number of shares of Common Stock which Purchaser indicates, in a written notice (a "Notice to Sell") given to Sellers pursuant to this Section 1.3 by fax to Sellers' fax number ______________________, that Purchaser wants Sellers to sell, multiplied by (ii) the closing price of the Common Stock on the day Purchaser gives the Notice to Sell to Sellers (if the Notice to Sell is faxed on or before 12:00 p.m. Central time) or the closing price of the Common Stock on the day after Purchaser gives the Notice to Sell to Sellers (if the Notice to Sell is faxed after 12:00 p.m. Central time); provided, however, that if either Seller sells any shares of Common Stock within 24 hours after Purchaser gives a Notice to Sell then the Remaining Amount shall be reduced and be deemed paid only by the amount provided for in subsection (b) immediately preceding and not the amount provided for in subsection (c) immediately preceding. In order to assist in maintaining an orderly market for the Common Stock and to assist in assuring the best price for the Common Stock, each Seller hereby agrees not to offer any shares of Common Stock in a manner that would cause, and not take any action that would cause, the bid price for the Common Stock to be lowered, and each Seller hereby agrees always to act through a brokerage firm acting as agent for such Seller in connection with the sale of any Common Stock issued pursuant hereto.

PURCHASE PRICE AND PAYMENT THEREOF. 2.1 The aggregate purchase price (the "Purchase Price") for the Project is the sum of Nine Million Four Hundred Ninety Nine Thousand Five Hundred Sixty and No/Dollars ($9,499,560.00). The Purchase Price, adjusted as provided in this Agreement, shall be payable by Purchaser to Seller on the Closing Date (as herein defined) by certified or cashier's check or wire transfer of immediately available funds to Seller's designated financial institution. 2.2 The Purchase Price shall be allocated among the Land, Improvements and Personal Property in accordance with the schedule attached hereto as Exhibit "C" and made a part hereof by this reference.

PURCHASE PRICE AND PAYMENT THEREOF. 2.1 The aggregate purchase price (the "Purchase Price") for the Project is the sum of Thirty Million Nine Hundred Eighteen Thousand Four Hundred Sixty Eight and No/Dollars ($30,918,468.00), adjusted as provided herein and payable by Purchaser to Seller on the Closing Date (as herein defined) by certified or cashier's check or wire transfer of immediately available funds to Seller's designated financial institution. 2.2 The parties hereby agree and acknowledge that Purchaser shall receive the following credits against the Purchase Price, which credits shall be noted on the Closing Statement: (i) the Equity Loan, which Purchaser shall deem fully paid and satisfied by reason of such credit, and (ii) the current outstanding principal balance of NCMC Mortgage Loan as of the Closing Date (as herein defined). 2.3 The Purchase Price shall be allocated among the Land, Improvements and Personal Property and the remainder of the Project in accordance with the schedule attached hereto as Exhibit C hereto.

PURCHASE PRICE AND PAYMENT THEREOF. 5.1. The purchase consideration payable by the Purchaser to the Seller for the Sale Shares is the amount of R169.00 (One sixty nine RSA Rands), as reflected in the Annual Financial Statements. (“the Equity Purchase Price”)

PURCHASE PRICE AND PAYMENT THEREOF. 3.1 The purchase price payable to the Vendor for the Purchased Assets (the "Purchase Price") shall be, subject to adjustments herein provided for, a sum equal to the aggregate of the following amounts and shall be allocated among the assets as set forth below: (a) as to the Cash, Accounts Receivable and Loans Receivable, the face value thereof, the whole as set forth on Schedule "A" annexed hereto; (b) As to the Prepaid Expenses, the book value of all prepaid expenses to the extent they can be used by the Purchaser the whole as set forth on Schedule "A" annexed hereto; (c) As to the Computer Software, Computer Hardware, Leasehold Improvement and Office Equipment and Furniture, the amounts set forth on Schedule "A" annexed hereto; (d) As to the Goodwill, the amount set forth on Schedule "A" annexed hereto. 3.2 The Purchase Price for the Purchased Assets shall be payable by the Purchaser by assumption of the Assumed Liabilities. To the extent that the Assumed Liabilities exceed the Purchase Price, the Vendor shall issue a demand note to the Purchaser for the amount of the excess.

PURCHASE PRICE AND PAYMENT THEREOF. 5.1 The purchase price payable by the purchaser to the sellers for the shares is R42 000 000,00 (forty two million Rand) 5.2 The purchase price shall be paid by the purchaser to the sellers on the closing date by the purchaser allotting and issuing to the sellers 5 176 991 (five million one hundred and seventy six thousand nine hundred and ninety one) A shares which will, after such issue, result in the sellers becoming the registered and beneficial owners of 100% (one hundred per centum) of the issued A share capital of the purchaser which A shares shall be issued to the sellers as follows :- 5.2.1 to Cxxxxxx 3 121 392 (three million one hundred and twenty one thousand three hundred and ninety two) A class shares; 5.2.2 to EGH 2 055 599 (two million and fifty five thousand five hundred and ninety nine) A class shares. EGL SALE OF SHAREs AGReement PAGE 10 28 September 2005 V8 5.3 The purchaser undertakes to procure that the A shares to be issued to EGH in terms of clause 5.2.2 will be endorsed non-resident, provided that the share certificate in EGL held by EGH prior to the conclusion of this agreement is endorsed non-resident. If this is not the case then the purchase will be required to obtain approval from the South African Reserve Bank, which approval will be a condition precedent to this agreement.

PURCHASE PRICE AND PAYMENT THEREOF. 2.1 The aggregate purchase price (the "Purchase Price") for the Interests if all Unbuilt Sites are completed pursuant to the requirements of Section 3 below is the sum of Nine Million Four Hundred Seventy One Thousand Five Hundred Seventy Five Dollars ($9,471,575.00) ("Maximum Purchase Price"). The Maximum Purchase Price includes the Fixed Purchase Price set forth in Subsection 2.1(a) below, and the Conditional Purchase Price set forth in Subsection 2.1(b) below. (a) The Fixed Purchase Price (adjusted as provided in this Agreement) is an amount equal to the sum of $7,821,450.00. The Fixed Purchase Price, as adjusted, less the amount of the Road Escrow which will be deposited with Escrow Agent pursuant to Section 3 below and the Road Escrow Agreement, is payable by wire transfer of immediately available funds to Seller's designated financial institution on the Closing Date (as herein defined). (b) The Conditional Purchase Price is payable upon satisfaction of the requirements of Section 3 below and pursuant to the terms of the Expansion Completion Agreement (as defined below) as follows: $589,540 on September 15, 1998, $507,265 on September 15, 1999, and $553,320 on September 15, 2000, without interest. The Conditional Purchase Price shall be secured by a letter of credit which shall be in form and content reasonably acceptable to Sellers and Purchaser. (c) Notwithstanding the foregoing provisions of this Section 2.1, in the event the number of Unbuilt Sites completed in Phases 1, 2 and 3 are more or less than 28, 23 and 24, respectively, the amounts payable pursuant to Section 2.1(b) above will be adjusted upwards or downwards, as applicable, by $21,055 per site in Phase 1, $22,055 per site in Phase 2, and $23,055 per site in Phase 3.

PURCHASE PRICE AND PAYMENT THEREOF. The aggregate purchase price for the Purchased Assets (the “Purchase Price”) shall be $7,900,000.00. The Purchase Price shall be payable as follows:

PURCHASE PRICE AND PAYMENT THEREOF. The purchase price for the -------------------------------------- outstanding stock in the Company shall be composed of (a) a cash amount equal to $500,000, $154,000 of which has already been paid and (b) 18 million shares of the common stock of Purchaser (referred to hereinafter as the "Common Stock"). Each Seller shall receive the percentages of the cash amount and numbers of shares of Common Stock set forth to the right of such Seller's name on Schedule 1.1 hereto. The $346,000 cash amount required by this Section shall be paid in four installments, the first of which shall be in the amount of $69,200 and shall be due and payable at the Closing, the second of which shall be in the amount of $92,266.66 and shall be due and payable 30 days after the Closing, the third in the amount of $92,266.67 payable 60 days after Closing and a final one of which shall be in the amount of $92,266.67 and shall be due and payable 90 days after the Closing, Notwithstanding the above, at first funding the total amount left unpaid, shall be paid in full, at such funding.