Common use of Purchase Price; Consideration Clause in Contracts

Purchase Price; Consideration. Purchaser shall, on the date hereof (the “Closing Date”), issue to Seller a promissory note, substantially in the form attached hereto as Exhibit B, in the sum of Twenty Thousand Eighty Dollars ($20,080) (the “Promissory Note”) as partial consideration for the Ownership Interests. Upon the closing of the offering of membership interests in Purchaser (the “Membership Interests”), Purchaser shall issue 502 Membership Interests, having a value equal to Five Thousand Twenty Dollars ($5,020), to the party from which the Seller acquired the Asset, as the remaining consideration for the Ownership Interests.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Otis Gallery LLC)

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Purchase Price; Consideration. Purchaser shall, on the date hereof (the “Closing Date”), issue to Seller a promissory note, substantially in the form attached hereto as Exhibit B, in the sum of Twenty Seventy-Five Thousand Eighty Dollars ($20,08075,000) (the “Promissory Note”) as partial consideration for the Ownership Interests. Upon the closing of the offering of membership interests in Purchaser (the “Membership Interests”), Purchaser shall issue 502 2,500 Membership Interests, having a value equal to Twenty Five Thousand Twenty Dollars ($5,02025,000), to the party from which the Seller acquired the Asset, as the remaining consideration for the Ownership Interests.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Otis Gallery LLC)

Purchase Price; Consideration. Purchaser shall, on the date hereof (the “Closing Date”), issue to Seller a promissory note, substantially in the form attached hereto as Exhibit B, in the sum of Twenty Ninety Thousand Eighty Dollars ($20,08090,000) (the “Promissory Note”) as partial consideration for the Ownership Interests. Upon the closing of the offering of membership interests in Purchaser (the “Membership Interests”), Purchaser shall issue 502 27,000 Membership Interests, having a value equal to Five Two Hundred Seventy Thousand Twenty Dollars ($5,020270,000), to the party from which the Seller acquired the Asset, as the remaining consideration for the Ownership Interests.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Otis Gallery LLC)

Purchase Price; Consideration. Purchaser shall, on the date hereof (the “Closing Date”), issue to Seller a promissory note, substantially in the form attached hereto as Exhibit B, in the sum of Twenty Four Hundred Five Thousand Eighty Dollars ($20,080405,000) (the “Promissory Note”) as partial consideration for the Ownership Interests. Upon the closing of the offering of membership interests in Purchaser (the “Membership Interests”), Purchaser shall issue 502 500 Membership Interests, having a value equal to Five Ten Thousand Twenty Dollars ($5,02010,000), to the party from which the Seller acquired the Asset, as the remaining consideration for the Ownership Interestsinterests.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Otis Gallery LLC)

Purchase Price; Consideration. Purchaser shall, on the date hereof (the “Closing Date”), issue to Seller a promissory note, substantially in the form attached hereto as Exhibit B, in the sum of Twenty Four Hundred Sixteen Thousand Eighty Seven Hundred Dollars ($20,080416,700) (the “Promissory Note”) as partial consideration for the Ownership Interests. Upon the closing of the offering of membership interests in Purchaser (the “Membership Interests”), Purchaser shall issue 502 23,330 Membership Interests, having a value equal to Five One Hundred Fifty Thousand Twenty Dollars ($5,020233,300), to the party from which the Seller acquired the Asset, as the remaining consideration for the Ownership Interestsinterests.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Otis Gallery LLC)

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Purchase Price; Consideration. Purchaser shall, on the date hereof (the “Closing Date”), issue to Seller a promissory note, substantially in the form attached hereto as Exhibit B, in the sum of Twenty Twenty-Nine Thousand Eighty Dollars ($20,08029,000) (the “Promissory Note”) as partial consideration for the Ownership Interests. Upon the closing of the offering of membership interests in Purchaser (the “Membership Interests”), Purchaser shall issue 502 21,000 Membership Interests, having a value equal to Five Twenty-One Thousand Twenty Dollars ($5,02021,000), to the party from which the Seller acquired the Asset, as the remaining consideration for the Ownership Interests.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Otis Collection LLC)

Purchase Price; Consideration. Purchaser shall, on the date hereof (the “Closing Date”), issue to Seller a promissory note, substantially in the form attached hereto as Exhibit B, in the sum of Twenty Fifty-Seven Thousand Eighty Dollars ($20,08057,000) (the “Promissory Note”) as partial consideration for the Ownership Interests. Upon the closing of the offering of membership interests in Purchaser (the “Membership Interests”), Purchaser shall issue 502 1,500 Membership Interests, having a value equal to Five Fifteen Thousand Twenty Dollars ($5,02015,000), to the party from which the Seller acquired the Asset, as the remaining consideration for the Ownership Interests.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Otis Gallery LLC)

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