PURCHASE PRICE OF THE PROPERTY. 2.1 The purchase price of the property hereby sold shall be the amount as set out in Clause 1.6 above which amount includes Value Added Tax at 14.0 %. Should the rate of VAT be changed after the date of signing hereof and such change be applicable to this Agreement, the Property Price shall be adjusted accordingly to ensure that the SELLER still retains the same nett amount as he would have done if such change had not occurred.
2.2 The Purchase price is payable as follows:
a) A Deposit as set out in Clause 1.7 shall be payable by the PURCHASER to the Conveyancer who shall receive the said amount in trust and shall deposit same into an interest bearing account for the benefit of the PURCHASER until registration of transfer of the property into his name.
b) The balance of the purchase price as provided for in Clause 1.9, is payable against registration of transfer of the property into the name of the PURCHASER. The PURCHASER shall within 30 (THIRTY) days from the effective date or the date the suspensive condition referred to in Clause 7, has been fulfilled, whichever comes last, deliver to the SELLER an acceptable Bank or other guarantee for payment of the balance of the property price against registration of transfer thereof into the name of the PURCHASER.
PURCHASE PRICE OF THE PROPERTY. 3.1 The Purchase Price of the Property is the amount reflected in the schedule of particulars being R_ , ( Rand), which amount includes VAT (hereinafter referred to as the “Purchase Price”).
3.2 The parties specifically record that the Purchase Price includes VAT and accordingly agree that in the event of VAT being levied in respect of the Purchase Price at a rate of more than 15% (fifteen percent), the Seller shall be entitled to recover such increased VAT amount from the Purchaser and the Purchase Price will be altered accordingly.
PURCHASE PRICE OF THE PROPERTY. 3.1 Purchase Price (exclusive of VAT, subject to clause 3.2 below) R
3.2 Deposit of 10% payable within 7 (seven) days after signature by the Purchaser R 3.3 Balance of Purchase Price: R
PURCHASE PRICE OF THE PROPERTY. 3.1 Purchase Price R 3.2 Deposit of 10% payable within 7 (seven) days after signature by the Purchaser R 3.3 Balance of Purchase Price: R
PURCHASE PRICE OF THE PROPERTY. (a) The purchase price of the Property shall be $21,950,000.00 (“Purchase Price”).
(b) The Purchase Price shall be payable as follows:
(i) Within two (2) business days after the Opening of Escrow, Buyer shall deliver to Escrow Holder an irrevocable standby letter of credit in the form of Exhibit “I” attached hereto in the amount of $500,000.00 (“Deposit”), issued by Xxxxx Fargo Bank, N.A. naming Escrow Holder as the beneficiary thereof for the benefit of Seller, which shall be held and administered in accordance with the provisions of this Agreement (“Letter of Credit”).
(ii) If Buyer delivers the Notice of Proceed pursuant to Section 4(c), then within three (3) business days after such delivery, Buyer shall deposit with Escrow Holder the amount of the Deposit in immediately available U.S. federal funds. Upon the receipt of such funds, Escrow Holder is instructed to return the Letter of Credit to Buyer. If Buyer fails so to deliver immediately available U.S. federal funds pursuant to this Section, then Escrow Holder shall be entitled to draw on the Letter of Credit, and is instructed to draw on the Letter of Credit, and the proceeds of the Letter of Credit shall be held and applied as the Deposit pursuant to this Agreement. As used in this Agreement, the term “Deposit” shall include any interest earned on the Deposit. The Deposit shall be applicable to the Purchase Price at the Close of Escrow. Upon expiration of the Due Diligence Period, the Deposit will be nonrefundable to Buyer except as provided in Section 4(d).
(iii) On the day before the Closing Date (as defined in Section 5(b)), Buyer shall deliver into escrow immediately available U.S. federal funds in an amount equal to the remainder of the Purchase Price, plus or minus any adjustments for prorations and expenses required under Sections 5 and 6. Seller discloses that closing funds are required to be delivered to Escrow Holder the day before the Closing Date so that Seller may effect the required defeasance of Seller’s existing loan at the Closing.
(c) At the request of Buyer, all funds received from or for the account of Buyer shall be deposited by Escrow Holder in an interest-bearing account with a federally insured state or national bank having a branch located in California.
PURCHASE PRICE OF THE PROPERTY. The Buyer shall, in full consideration of the covenants, conditions and agreements of the Seller set forth herein and as full consideration for the purchase of the Property, pay to the Seller at the Closing (as provided below) in the manner set forth in paragraph 3 hereof the purchase price (the “Purchase Price”) equal to the sum of Five Hundred Sixty-Five Thousand and No/100 Dollars ($565,000.00).
PURCHASE PRICE OF THE PROPERTY. 3.1 Purchase Price (inclusive of VAT) R
3.2 Deposit of 40% payable within 7 (seven) days after signature by the Purchaser R
3.3 Balance of Purchase Price: R
3.4 Mortgage Finance (if applicable) R
3.5 Date or number of days from signature date mortgage finance is due 2021 or within _ days from Signature
PURCHASE PRICE OF THE PROPERTY. 3.1 Purchase Price (inclusive of VAT) for both properties R
3.2 First instalment of 25% payable within 7 (seven) days after signature by the Seller R
3.3 Balance of Purchase Price to be paid in instalments (see 4.2 below): R
PURCHASE PRICE OF THE PROPERTY. The total purchase price to be paid by Buyer to Seller in exchange for a fee simple interest in and to the Property shall be an amount equal to an 80% limited partnership interest in and to Buyer, which, for purposes of this Agreement, shall be valued at $1,600,000 ("Purchase Price").
PURCHASE PRICE OF THE PROPERTY. XXXXX agrees to purchase the Property from the SELLER in return for consideration in the manner as follows:
A. PURCHASE PRICE:
X. XXXXXXX MONEY (See Section #8): C. NEW MORTGAGE (See Section #9):
