Purchase Price for Stock. If the Company exercises its right to repurchase all or any portion of the Stock specified in Optionee’s notice, the Company shall pay Optionee an amount equal to the greater of: (A) the price offered in the proposed transaction giving rise to such right of repurchase, and (B) the Fair Market Value of the Company’s Common Stock, as defined in the Plan, as of the date the Company received Optionee’s notice of sale or other transfer.
Purchase Price for Stock. If the Company exercises its right to repurchase the Stock specified in Participant’s notice, the Company shall pay Participant an amount equal to the price offered in the proposed transaction giving rise to such right of repurchase, provided, however, that if such proposed transaction is not a bona fide sale on arms-length terms, then the Company shall pay Participant an amount equal to the Fair Market Value of the Company’s Common Stock, as defined in the Plan.
Purchase Price for Stock. The aggregate purchase price payable by Buyers to the Sellers in consideration for the sale of the Shares shall be Two and one half Million Dollars ($2,500,000.00) (the "Stock Purchase Price"). Purchase will be in the form of a stock for stock transaction. Seller will receive from Buyer Five Million (5,000,000 Shares) valued at $0.25 per share of United Mine Services, Inc. and an additional $1,250,000 payable in stock or cash at the discretion of the Buyer in exchange for 100% of the shares of Xxxxxxx Contracting Inc. (1,000 Shares). Remaining balance will accrue interest at a rate of 6% APR until paid off. Buyer shall make minimum monthly payments to Seller in the amount of 10,000 US until balance is paid. If additional payments are made in stock, the share price will be based on the average traded closed share price for the 90 days prior to the issuance of stock. The time period to pay off the balance owed is 36 months from the date of this agreement. The parties acknowledge that Buyer has deposited with Sellers stock in the amount of Two Hundred and Fifty Thousand Shares (250,000 Shares), as a non-refundable xxxxxxx money ("Xxxxxxx Money") to be applied as a down payment to the Purchase Price at Closing. If all contingencies are satisfied and this transaction proceeds to the Closing Date, the remaining balance of Four Million Seven Hundred and Fifty Thousand Shares (4,750,000) shall be paid at the Closing Date. In the event that this transaction shall not close for any reason, Seller's shall retain the full Xxxxxxx Money and without obligation to refund any portion thereof to Buyers.
Purchase Price for Stock. For purposes of this Agreement, the "Per Share Purchase Price" for the Stock shall be the arithmetic average of the average of the per share closing bid and asked prices reported for the Company's common stock for the 15 trading days immediately preceding the date on which the Sale Notice to the Company was received by the Company, as reported on the NASDAQ/NMS. In the event that the NASDAQ/NMS shall fail to report a closing bid and asked price for the Company's common stock for any trading day during the 15 trading day period, the closing bid and asked price reported for that day shall be equal to the arithmetic average of the closing bid and asked prices as reported: (i) by Ferxxx Xxxxx, Xatxx Xxc. and by F. X. Xxxxxxxxx & Co. or, in the event that neither of these firms is then making a market in the Company's common stock, (ii) by two brokerage firms then making a market in the Company's common stock to be selected by the Company and approved by Groxx'x xxgal representative.
Purchase Price for Stock. The total amount to be paid by Buyer to the Corporation in consideration for the Stock shall be $6,000,000 (the "Purchase Price"), to be paid in cash or other-wise immediately available funds at Closing.
Purchase Price for Stock. 1 Section 1.3 Undertaking of Seller .................................. 2 Section 1.4 Undertaking of Seller and Buyer ........................ 2 Section 1.5 Efforts to Close........................................ 2
Purchase Price for Stock. At Closing, Buyer shall pay to Seller by cashier's check or wire transfer, as the Purchase Price for the Stock, an amount equal to (i) Consumers NC's statutory capital and surplus on the Closing Date in accordance with the methodology as set forth on Exhibit A, plus (ii) $416,000, which represents $26,000 for the license for each of the 16 states in which Consumers NC is authorized to conduct business (the "State Licenses"); provided however, that in the event any of the State Licenses other than North Carolina and Texas are not in good standing or are in any way impaired on the Closing Date, such shall not constitute a breach of the organization and good standing representation and warranty contained in Section 3.2 hereof, and the Purchase Price shall be reduced by an amount equal to $26,000 for the number of such impaired State Licenses. At Closing, Buyer shall be responsible for contributing any additional amounts to the statutory capital and surplus in order to maintain each of the State Licenses.
Purchase Price for Stock. The purchase price ("Purchase Price") for the Stock shall be One Dollar ($1.00) payable on the Closing Date (as defined below) plus the separate components described in Section 1.3 and Section 2 below.
Purchase Price for Stock. The purchase price to be paid for ------------------------ Stock purchased according to this Agreement shall be the amount offered in writing to be paid for such Stock by the unaffiliated purchaser. The determination date for the purpose of establishing the purchase price hereunder shall be the date on which the transferring Shareholder offers to transfer his stock to the remaining Shareholders, or the Company as the case may be, according to Section 4.01 hereof (the "Determination Date"). ------------------
Purchase Price for Stock. The purchase price to be paid to Seller for the Stock shall be as follows:
