Purchase Price; Deposit. (a) The purchase price for the Property is AND 00/100 DOLLARS ($ ) (the “Purchase Price”), payable as follows:
Purchase Price; Deposit. The purchase price (the “Purchase Price”) for the Property, subject to adjustments as provided in this Agreement, shall be FIFTY MILLION TWO HUNDRED FIFTY THOUSAND DOLLARS and 00/100 Dollars ($50,250,000.00), and shall be paid as follows:
Purchase Price; Deposit. Promptly, but in any event within three days from the Effective Date, the Parties shall enter into the Escrow Agreement and Purchaser shall deposit with the Escrow Agent the sum of $6,600,000.00 (the “Deposit Amount”), which will be either delivered to Purchaser or paid to the Company as follows (in addition to any other remaining Escrow Funds): (a) if the Closing occurs, the Deposit Amount and all other Escrow Funds shall be applied towards the Cash Amount payable by Purchaser pursuant to Section 3.3, (b) if this Agreement is terminated by Sellers pursuant to Section 4.4(d), then Sellers and Purchaser shall promptly submit joint written instructions to the Escrow Agent to release the Deposit Amount and all other Escrow Funds to the Company (and such Escrow Funds will be deemed fully earned by Sellers as compensation and consideration for entering into this Agreement), or (c) if this Agreement is terminated for any reason other than by Sellers pursuant to Section 4.4(d), then Purchaser, upon notice to Sellers, shall submit written instructions to the Escrow Agent to release the Deposit Amount and all other Escrow Funds to Purchaser. Notwithstanding anything to the contrary in the foregoing, Sellers will have no rights under the Escrow Agreement until the Bankruptcy Court issues the Bidding Procedures Order or another Order confirming that the Escrow Agreement will not be rejected by the Bankruptcy Court and may be performed by Sellers in accordance with its terms. The Deposit Amount shall only constitute property of Sellers’ bankruptcy estates in the event that the Deposit Amount is required to be released to the Company by the Escrow Agent in accordance with the terms of this Agreement.
Purchase Price; Deposit. The Purchase Price for the Property shall be payable as follows:
Purchase Price; Deposit. The Purchase Price shall be payable as follows:
Purchase Price; Deposit. The purchase price for the Property shall be Two Million Two Hundred Fifty Thousand ($2,250,000.00) Dollars ("Purchase Price"). The Purchase Price shall be payable by Buyer to Seller as follows:
Purchase Price; Deposit. Within two Business Days following entry of the Bidding Procedures Order, Purchaser will deposit with the Escrow Agent $32 million in immediately available funds (together with all accrued investment income thereon, the “Deposit Amount”). The Deposit Amount will be released by the Escrow Agent and delivered to either Purchaser or Seller as follows:
Purchase Price; Deposit. (a) The purchase price to be paid by Purchaser to Seller for the Property (the “Purchase Price”) is SIXTY ONE MILLION SEVEN HUNDRED FIFTY THOUSAND and 00/100 DOLLARS ($61,750,000.00) subject to apportionment as provided in Section 8 below, which shall be payable as follows:
Purchase Price; Deposit. The purchase price (the “Purchase Price”) to be paid by Purchaser to Seller at the Closing shall be Seventy Million Dollars ($70,000,000.00), subject to the prorations and adjustments as provided in this Agreement. Seller and Purchaser agree that the Purchase Price shall be allocated among (i) the Land and the Improvements, and (ii) the Personal Property for federal, state and local tax purposes in accordance with Section 1060 of the Code (the “Allocation”) as follows: Land – Eight Million Six Hundred Thousand Dollars ($8,600,000.00); Improvements – Fifty-Nine Million Seven Hundred Thousand Dollars ($59,700,000.00); Personal Property – One Million Seven Hundred Thousand Dollars ($1,700,000.00); Intangible Property – Zero Dollars ($0.00). Purchaser and Seller shall (i) cooperate in the filing of any forms (including Form 8594 under Section 1060 of the Code) with respect to the Allocation, including any amendments to such forms required pursuant to this Agreement with respect to any adjustment to the Purchase Price, and (ii) shall file all federal, state and local tax returns and related tax documents consistent with the Allocation, as the same may be adjusted pursuant to any provisions of this Agreement. The provisions of this Section 3.1 shall survive the Closing without limitation. The Purchase Price shall be payable by Purchaser as follows:
Purchase Price; Deposit. (a) The purchase price for the sale and conveyance of the Properties to Buyer shall be Three Hundred Fifty Four Million Dollars ($354,000,000) (the “Purchase Price”), subject to adjustment in accordance with the provisions of Section 3.2:
