Purchase Price and Terms of Payment. The aggregate purchase price for all of the Properties (the “Purchase Price”) shall be Fifty-One Million Six Hundred Sixty-Seven Thousand Three Hundred Eight Dollars ($51,667,308.00), allocated among the Properties as indicated on Exhibit “A-4”, and shall consist of and be payable as follows:
Purchase Price and Terms of Payment. (a) The purchase price (“Purchase Price”) for the Property shall be THREE HUNDRED EIGHTY-THREE MILLION AND 00/100 DOLLARS ($383,000,000.00) and shall be paid on the Closing Date by Federal funds wire transfer, in United States dollars, subject to adjustment as provided for in Section 7 hereof. The Purchase Price shall be allocated at Closing with $56,000,000 allocated to the Norfolk Property; $44,000,000.00 allocated to the Parkwood Point Property; $2,500,000.00 allocated to the Park Point Land Property; and $280,500,000.00 allocated to all remaining Properties; provided, however, during the Feasibility Period, Seller shall provide Purchaser with an allocation of the Purchase Price for the Properties which are not specifically allocated pursuant to the terms of this Agreement for purposes of transfer taxes to be paid at Closing, which allocation shall be subject to Purchaser’s reasonable approval. The Additional Deposit shall be paid by the Escrow Agent to Seller on the Closing Date and the entire Deposit shall be credited against the Purchase Price.
(b) Subject to Section 6(a) below, on the Closing Date Purchaser shall accept title to the Norfolk Property subject to the lien of that certain Deed of Trust and Security Agreement dated September 26, 2003, which secures that certain promissory note in the original principal amount of Thirty Million Dollars ($30,000,000) (the “Norfolk Existing Loan”), executed by 000 Xxxx Xxxxxx, XXX, a Virginia limited liability company (“100 West Main”), as assigned to Plume Street in favor of JPMorgan Chase Bank and assigned to Xxxxx Fargo Bank, N.A., as Trustee for the Registered Holders of X.X. Xxxxxx Chase Commercial Mortgage Securities Corp., Commercial Mortgage Pass-Through Certificates, Series 2004-C1 (the “Norfolk Existing Lender). Purchaser shall receive a credit against the Purchase Price in an amount equal to the aggregate outstanding principal balance of the Norfolk Existing Loan as of the Closing Date. The Seller shall pay or, at Seller’s option, allow buyer a credit against the Purchase Price in an amount equal to all unpaid interest and other charges on the Norfolk Existing Loan accrued through and including the day immediately preceding the date of Closing.
(c) Subject to Section 6(a) below, on the Closing Date, Purchaser shall accept title to the Parkwood Point Property subject to the lien of that certain Deed to Secure Debt, Assignment of Leases and Rents and Security Agreement dated December 12, 2002 which...
Purchase Price and Terms of Payment a. Materials shipped against this Agreement shall be invoiced at the price set forth in the Order. Unless otherwise specified on the Order, payment of the purchase price shall be due 60 days after the later of Xxxxx’s receipt of Seller’s correct invoice for such shipment or the date on which the Materials are received by Buyer. Seller agrees that it will take no adverse action against Buyer for any invoices not paid resulting from Xxxxxx’s failure to obtain or clearly reference the Order / delivery note numbers on the applicable invoices or accurately invoice Buyer.
b. The purchase price for the Materials shall include all taxes, customs duties, customs fees or other governmental charges due with respect to the Materials. Buyer shall, however, pay for any taxes that it is statutorily required to pay. Seller shall provide Buyer with documentation satisfactory to Buyer that establishes Buyer’s statutory liability to pay such taxes. If Seller fails to provide such documentation, Buyer shall not be obligated to pay any suchtaxes.
c. Seller shall be responsible for all shipping and insurance costs, including without limitation, packing, crating, cartage and freight costs, as per the Order.
d. Buyer may set off any amount owing at any time from Seller to Buyer or any of its affiliates against any amount payable at any time by Buyer.
Purchase Price and Terms of Payment. The base purchase price for the Townhome shall be $ (the “Base Purchase Price”). Upon the selection of the Upgrades and approval of the Additional Costs (both as defined in Schedule A), the Base Purchase Price shall be increased by an amount equal to the Additional Costs (collectively, the “Purchase Price”), as more particularly described in Section 3 of Schedule A.
A. The Purchase Price shall be paid in the following manner:
1. A five percent (5.0%) deposit shall be paid to Seller concurrently with the execution of this Agreement by Purchaser, equal to $ (the “Deposit”).
2. An additional xxxxxxx money deposit (“Additional Deposit”) shall be paid at the time the Additional Costs are approved by Purchaser (as described in Schedule A). The Additional Deposit shall be equal to fifty percent (50%) of the Additional Costs.
3. The balance of the Purchase Price shall be paid at Closing as provided in Section 2 of Schedule A.
B. The Deposit together with the Additional Deposit shall be referred to herein as the “Xxxxxxx Money Deposit”. The Xxxxxxx Money Deposit shall be held in escrow by Chicago Title Insurance Company in accordance with the terms of this Agreement and in accordance with all applicable laws, statutes and regulations. EXCEPT AS OTHERWISE PROVIDED HEREIN, THE XXXXXXX MONEY DEPOSIT SHALL BECOME NON-REFUNDABLE TO PURCHASER WHEN PAID.
C. Purchaser will also be required to pay the Association at Closing: (i) a portion of the monthly installment of the assessment for Common Expenses against the Townhome, prorated to the date of settlement, and (ii) an initial working capital contribution in an amount equal to twice the monthly installment of the assessment for Common Expenses against the Townhome. These amounts shall be non-refundable.
Purchase Price and Terms of Payment. The purchase price paid for the property shall be $15,000.00 per surveyed acre. Optionor and Optionee agree that upon the exercise of the Option, the parties shall sign an Agreement for Deed, prepared by Optionee’s attorney and approved by Optionor’s attorney, the exercise of the option shall be contingent upon both parties executing an Agreement for Deed which is acceptable to both Optionor and Optionee. The purchase price shall be determined by survey, the total purchase price shall be the number of surveyed acres times the price per acre as hereinabove set forth.
Purchase Price and Terms of Payment. (a) Subject to adjustment as provided below, the aggregate price (“Purchase Price”) of the Property shall be Twenty-Nine Million Four Hundred Sixty Thousand and No/100 Dollars ($29,460,000.00), subject to adjustments and prorations as set forth in this Agreement.
(b) The Purchase Price shall be unconditionally and irrevocably paid by Purchaser (and by no other person or entity except as permitted hereunder) as follows:
Purchase Price and Terms of Payment. (a) The total purchase price of the Property (the “Purchase Price”) is Five Million One Hundred Thousand Dollars ($ 5,100,000).
(b) Within three (3) business days after the Effective Date (described in § 12 (f) below), Purchaser shall deposit the sum of Fifty Thousand Dollars ($ 50,000) by cashier's check (subject to deposit and clearance) or wire transfer of immediately available federal funds (the “Initial Deposit”), with Xxxxx, Xxxx & Xxxxxxxxxxxxx, P.A., Attn.: Xxxxx X. Xxxx, Esq., 000 Xxxxx Xxxx Xxx, Xxxxx 000, Xxxx Xxxxx, Xxxxxxx 00000, [(000) 000-0000 • Fax (000) 000-0000 • Email: xxxxx@xxxxxx.xxx] (“Escrow Agent”).
(c) If Purchaser does not terminate this Agreement on or before the expiration of the Feasibility Period (described in § 3 (c) below), the Initial Deposit shall be nonrefundable to Purchaser except in the event of Seller’s default hereunder or as otherwise provided in this Agreement and, in addition, on or before the expiration of the Feasibility Period, Purchaser shall deliver to the Escrow Agent, by cashier's check (subject to deposit and clearance) or wire transfer of immediately available federal funds, the additional sum of Two Hundred Fifty Thousand Dollars ($ 250,000) (the “Additional Deposit”). The Initial Deposit and the Additional Deposit (together with interest thereon, if any) is herein the “Deposit”. The Escrow Agent shall hold the Deposit in an interest bearing federally-insured account and interest thereon shall be credited to the Purchaser and disbursed with the Deposit. Failure to timely make the Deposit shall be a default under this Agreement. If Purchaser fails to timely deposit the Additional Deposit, Seller may, at its option, without limitation upon any other remedy available to Seller but subject to § 7 hereof, immediately terminate this Agreement by delivering written notice to Purchaser at any time prior to Purchaser’s actual deposit of the Additional Deposit with the Escrow Agent. Purchase and Sale Agreement Xxxxxxx Property Holding, LLC (February 2006) • Page 2 Enclaves Group, Inc.
(d) The parties shall execute and deliver escrow instructions, if any, reasonably required by the Escrow Agent which must in all respects be in compliance with the terms of this Agreement. The Escrow Agent shall acknowledge receipt of the Deposit in writing to the parties and agree to accept, hold, and return such Deposit and disburse any funds received hereunder, in accordance with the provisions of this Agreement. If the transactio...
Purchase Price and Terms of Payment. 1) The Buyer agrees to pay the Seller the purchase price specified in the Contract for the duly delivered Subject of Purchase. The purchase price specified in the Contract is fixed and final and includes all costs of the Seller related to the performance of the Seller’s obligations under the Contract, including, without limitation, the costs of acquisition of the Subject of Purchase including the costs of its manufacture, costs of transportation of the Subject of Purchase to the place of performance, taxes, customs and fees including recycling fees, costs of documents pertaining to the Subject of Purchase, costs of disposal of waste generated in connection with the handover of the Subject of Purchase, taking account of all risks and effects that may arise during the performance of the obligations under the Contract.
2) The purchase price may be changed only by means of an amendment to the Contract, only if this is expressly required by the Buyer. Any change in the purchase price shall be made in accordance with Act No. 134/2016 Coll., on public procurement, as amended.
3) The Seller hereby assumes the risk of a change in circumstances in terms of Section 1765 (2) of the Civil Code.
4) The Buyer agrees to pay the purchase price by wire transfer into the Seller’s bank account on the basis of a tax receipt- invoice issued by the Seller and delivered to the Buyer. The Seller has the right to issue and send an invoice on the date when the Subject of Purchase is taken over by the Buyer at the earliest. The Buyer does not provide any advance payments.
5) A tax receipt-invoice must always contain all statutory and agreed requisites, including, without limitation
a) the requisites of a tax receipt in accordance with Act No. 235/2004 Coll., on value added tax, as amended (hereinafter the “VAT Act”);
b) the requisites of a tax receipt set out in Act No. 563/1991 Coll., on accounting, as amended;
c) the requisites of a business instrument pursuant to Section 435 of the Civil Code;
d) the period of maturity;
e) the Seller’s bank details; and
f) name and registration number of the project if the Subject of Purchase is (co)financed from subsidies.
6) A tax receipt-invoice must contain a separate item for delivery of investment goods and a separate item for delivery of non- investment goods.
7) If a tax receipt-invoice fails to contain the above requisites or if the above requisites are specified incorrectly, the Buyer is not obliged to perform on the basis of the tax rec...
Purchase Price and Terms of Payment. A. The purchase price (“Purchase Price”) for the Property shall be Six Million six Hundred Twenty Five Thousand and 00/100 DOLLARS ($6,625,000.00) and shall be paid on the Closing Date by Federal funds wire transfer, in United States dollars.
B. On the Closing Date, Purchaser shall accept title to the Property subject to the lien of that certain Mortgage and Security Agreement dated November 15, 2005 securing a loan (the “Existing Loan”) in the original principal amount of Five Million and 00/100 Dollars ($5,000,000.00), executed by Seller in favor of Bear Xxxxxxx Commercial Mortgage, Inc., and currently serviced by Xxxxx Fargo (the “Existing Lender”) and Purchaser shall assume the Existing Loan. Purchaser shall receive a credit against the Purchase Price in an amount equal to the aggregate outstanding principal balance of the Existing Loan as of the Closing Date.
C. Thirty Three Thousand One Hundred Twenty Five and 00/100 Dollars ($33,125.00) (the “Initial Deposit”) shall be deposited by Purchaser in escrow with Chicago Title Insurance Company, National Business Division, 00000 Xxxxxxx Xxxxx, Suite 900, Waukesha, WI 53186 as escrow agent (the “Escrow Agent”), within two (2) business days after the Effective Date. Within thirty (30) days after the expiration of the Review Period (as defined below), unless this Contract has been sooner terminated, Purchaser shall deposit an additional Thirty Three Thousand One Hundred Twenty Five and 00/100 Dollars ($33,125.00) (the “Second Deposit”) with Escrow Agent. As used in this Contract, “Deposit” shall refer collectively to the Initial Deposit and the Second Deposit, together with all interest earned thereon, if any. If the transaction contemplated by this Contract closes in accordance with the terms and conditions of this Contract, at Closing, as defined below, the Deposit shall be delivered by the Escrow Agent to Seller as payment toward the Purchase Price. If the transaction fails to close due to a default on the part of Seller or if a condition set forth in this Contract for the benefit of Purchaser is not satisfied or removed, the Deposit shall be delivered by the Escrow Agent to Purchaser. If the transaction fails to close due to a default on the part of Purchaser, and if Seller is not in default hereunder, the Deposit shall be delivered by the Escrow Agent to Seller as Seller’s sole and exclusive remedy, as more particularly provided for in Section 14 below.
Purchase Price and Terms of Payment. A. The purchase price (“Purchase Price”) for the Property shall be SIX MILLION SIX HUNDRED THOUSAND and 00/100 DOLLARS ($6,600,000.00) and shall be paid on the Closing Date by Federal funds wire transfer, in United States dollars.
B. Within two (2) business days after the expiration of the Review Period (as defined below), unless this Contract has been sooner terminated, Purchaser shall deposit ONE HUNDRED FIFTY THOUSAND and 00/100 DOLLARS ($150,000.00) (the “Deposit”) with Xxxxxx X. Graybill, Graybill, Xxxxxxx and Xxxxxxx, 0000 Xxxxxx Xxxxxx, Columbia, South Carolina 29205, Direct: (000) 000-0000, Facsimile: (000) 000-0000, Mobile: (000) 000-0000, xxxxxxxxx@xxxxxxxxxx.xxx (the “Escrow Agent”). If the transaction contemplated by this Contract closes in accordance with the terms and conditions of this Contract, at Closing, as defined below, the Deposit shall be delivered by the Escrow Agent to Seller as payment toward the Purchase Price. The Deposit shall be promptly deposited by Escrow Agent in a separate, federally insured, interest-bearing account at a commercial bank approved by Seller. The interest accruing thereon shall be deemed to be part of the Deposit. To allow the interest bearing account to be opened, Purchaser and Seller shall separately furnish to Escrow Agent their respective tax identification numbers.
C. The remaining balance of the Purchase Price shall be payable in cash or by wire transfer or other immediately available funds to Seller on the Closing Date.
