Purchase Price for Property. The Purchase Price for the Property shall be payable in the following manner:
Purchase Price for Property. (a) The full purchase price for the Property (the “Purchase Price”) shall be Twenty-Four Million Dollars ($24,000,000.00), to be allocated by Buyer among each of the parcels at Closing for the purpose of documentary stamp tax calculations.
(b) Buyer shall deposit with Sxxxxxxx, Loop & Kxxxxxxx, LLP (hereinafter referred to as “Escrow Agent”) by check or wire transfer of immediately available funds: (i) the sum of Two Hundred Thousand Dollars ($200,000.00)(the “Initial Escrow Deposit”) within three (3) business days of Buyer’s receipt of Seller’s executed counterpart of this Agreement, and (ii) the sum of Three Hundred Thousand Dollars ($300,000.00)(the “Additional Escrow Deposit”) within three (3) business days after expiration of the Inspection Period (as defined below) which amounts (including any interest earned thereon), once deposited with Escrow Agent, shall be referred to collectively as the “Escrow Deposit” and which shall be credited to Buyer and paid to Seller at Closing subject to the terms of this Agreement. The date upon which the later to execute of the Seller and Buyer has executed this Agreement shall be referred to as the “Effective Date.”
(c) Escrow Agent agrees and is instructed by the parties hereto to accept and hold the Escrow Deposit in escrow, in a non-interest bearing trust account with a federally insured commercial banking institution in the State of Florida, pursuant to the terms of this Agreement and for the purposes herein expressed. If the transaction contemplated herein does not close, and unless the Buyer is in default or the Escrow Deposit has otherwise become non-refundable as provided in this Agreement, the Escrow Deposit shall be refunded to Buyer within three (3) business days of Escrow Agent’s receipt of Buyer’s notice of termination of this Agreement.
(d) At Closing of this transaction, Buyer shall pay a sum equal to the difference between the Purchase Price and the amount of the Escrow Deposit, provided that such sum shall be subject to prorations, credits, and adjustments permitted or required by this Agreement, and shall be paid by wire transfer of immediately available funds, or by certified or cashier’s check.
Purchase Price for Property. 2.1 The total purchase price (the "Purchase Price") for the Property shall be Three Million Dollars ($3,000,000.00), which amounts shall be paid by Buyer to Seller as follows:
(a) Buyer shall deposit One Hundred Thousand Dollars ($100,000.00) (the "Initial Deposit") with Escrow Holder (as herein defined) within two (2) business days after the Effective Date, which amount shall be credited against the Purchase Price and released to Seller upon satisfaction of the conditions set forth in Sections 4.1 through 4.5, as described in Section 4.5. Buyer's deposit of the Initial Deposit with Escrow Holder shall constitute a condition precedent to the effectiveness of this Agreement and Buyer's right to enter the Property.
(b) Buyer shall deposit an additional One Hundred Thousand Dollars ($100,000.00) with Escrow Holder (as herein defined) upon satisfaction of the conditions set forth in Sections 4.1 through 4.5, as described in Section 4.5.
(c) Buyer shall deposit in Escrow (as hereinafter defined), in time to permit the close thereof, but in all events no later than two (2) days prior to the close thereof, the balance of the Purchase Price in cash or by wire transfer.
2.2 All deposits into Escrow made by Buyer prior to the Close of Escrow may be made by means of cash, or cashier's or certified check or wire transfer and shall be immediately available.
Purchase Price for Property. Buyer agrees to pay Seller the purchase price of one hundred and fifty- five thousand six-hundred dollars ($155,600.00) less the value of the Abandoned Parcel of five thousand six hundred dollars ($5,600.00), for a total of one hundred fifty thousand dollars ($150,000.00).
Purchase Price for Property. The City agreed to pay Two Million and Four Hundred Thousand Dollars and No/100 ($2,400,000.00) to purchase the Property pursuant to that certain Purchase and Sale Agreement dated July 11, 2018 with a closing date of November 29, 2018 (“Purchase Agreement”).
Purchase Price for Property. The City agrees to pay Seller five hundred thirty three thousand and seventy five dollars ($533,075).
Purchase Price for Property. The Purchase Price for the Property shall be Ten Million and 00/100 Dollars ($10,000,000), provided, however, that in lieu of paying the Purchase Price in cash, Buyer shall on the date hereof enter into a lease agreement (the “Lease”) with Seller for six other properties which lease requires Buyer to construct $10,000,000 of improvements at such properties at Buyer’s expense. The entry into such lease by Buyer and Seller shall be deemed payment in full of the Purchase Price.
Purchase Price for Property. The Purchase Price to be paid by the City to Seller for the Property shall be $162,000.00 (One Hundred Sixty Two Thousand Dollars and no/100). The Purchase Price shall be paid in cash at Closing.
Purchase Price for Property. The full purchase price for the Property (hereinafter called the “Purchase Price”) shall be Three Million Two Hundred Thousand Dollars ($3,200,000.00). Seller shall finance a portion of the Purchase Price, totaling Three Hundred Twenty Thousand Dollars ($320,000.00)(the “Seller Financing”), which shall: (i) be evidenced by an unsecured balloon promissory note; (ii) have a maturity date of twelve (12) months from closing (with no prepayment penalty); (iii) bear interest at 4.5% per annum; and (iv) require monthly interest-only payments. At Closing of this transaction, Buyer shall pay a sum equal to the difference between the Purchase Price and the Seller Financing, provided that such sum shall be subject to prorations, credits, and adjustments permitted or required by this Agreement, and shall be paid by wire transfer of immediately available funds, or by certified or cashier’s check.
Purchase Price for Property. […***…], payable all cash at closing (however, if IHP exercises its option to acquire a portion of the Property, the purchase price shall be allocated between TNHC and IHP as provided in Schedule 1) (as applicable the “Purchase Price”).
