Purchase Price; Payment Terms. Prices and time of payment for the Goods are as described in the Offer. Unless otherwise stated, all prices are in U.S. dollars. Customer will pay Heraeus at the location and manner indicated in the Offer. Heraeus reserves the right to require Customer to prepay for all or part of the Goods. Prices do not include applicable federal, state and local taxes of any kind. Customer must pay any such taxes, unless Customer provides a valid tax exemption certificate authorized by the applicable taxing authority. If Customer does not pay Heraeus on the applicable due date, Heraeus reserves the right to apply a finance charge to the outstanding balance of 1.5% per month, not to exceed the maximum amount of interest permitted by law. Customer may not set off any amounts due from Customer to Heraeus under the Sales Agreement against any other amounts which may be due from Heraeus to Customer.
Purchase Price; Payment Terms. Payment for the Goods is due and payable within 30 days of invoice, unless a different time of payment is described in the Offer. Unless otherwise stated, all prices are in U.S. dollars. Customer will pay Heraeus at the location and manner indicated in the Offer. Heraeus reserves the right to require Customer to prepay for all or part of the Goods. Prices do not include applicable federal, state and local taxes of any kind. Customer must pay any such taxes, unless Customer provides a valid tax exemption certificate authorized by the applicable taxing authority. If Customer does not pay Heraeus on the applicable due date, Heraeus reserves the right to apply a finance charge to the outstanding balance of 1.5% per month, not to exceed the maximum amount of interest permitted by law. Customer may not set off any amounts due from Customer to Heraeus under the Sales Agreement against any other amounts which may be due from Heraeus to Customer.
Purchase Price; Payment Terms. The purchase price for the Equipment and related services ("Purchase Price") shall be Thirty-three million and one thousand U.S. Dollars ($33,001,000 USD). Payment terms:
2.1. Customer shall pay a deposit ("Deposit") equal to twenty percent (20%) of the total Purchase Price by wire transfer to GT Solar's bank account in such a way that one-sixth of the deposit amount should be done by the middle of each month starting from July, 2005 until middle of December, 2005.
2.2. Fourteen (14) days before each payment, GT Solar will open a standby letter of credit in the amount of the Deposit in favor of Customer against GT Solar's failure to deliver the Equipment pursuant to the terms of this Agreement.
2.3. At 75 days prior to each shipment, GT Solar will notify the shipment amount to Customer. No less than sixty (60) days of each shipment, Customer will establish in favor of GT Solar an irrevocable letter of credit covering seventy percent (70%) of the said amount of the each shipment, which is payable to GT Solar upon presentation of shipping documents.
2.4. Ten percent (10%) of the each shipment amount will be paid by Customer to GT Solar by wire transfer within 90 days from the said shipment here within.
Purchase Price; Payment Terms. CPI shall sell the Products to Neos at the prices set forth on Exhibit 5, attached hereto (the “Prices”), which Price may be subject to ratchet as set forth in Exhibit 5 or as otherwise set forth in Section 4.1 above. CPI shall submit invoices for Products to Neos upon shipment of such Products. Sales, use, value added and other taxes applicable to sales of Products to Neos shall be the sole responsibility of Neos and shall, if required by applicable Law, be added to CPI’s invoice to Neos and paid by Neos together with the balance otherwise due thereon, or if such taxes are required to be paid by CPI, shall be reimbursed by Neos to CPI promptly on invoice therefor. Invoices shall be paid by Neos in U.S. dollars, in full (other than any portion of such Invoice that is disputed in good faith on a basis other than an allegation that there was Defective Product) within sixty (60) days after the date of invoice. Any undisputed amounts that remain outstanding after such sixty (60) day period will be subject to interest at one and one-half percent (1.5%) per month. If Neos fails to pay any invoice when due, CPI may suspend deliveries of all Products to Neos until all past due payments have been made by Neos to CPI. Notwithstanding the foregoing, CPI shall not suspend the delivery of Products to the extent that Neos’ refusal to pay is the result of a good faith dispute between the Parties concerning the amounts owed that is not based on an allegation that there was Defective Product. For the avoidance of doubt, if CPI suspends deliveries in accordance with this Section 5, Neos acknowledges and agrees that it shall have no claim against CPI for damage or loss resulting from such suspension, including loss of profit or business opportunity, indirect, incidental or consequential damages.
Purchase Price; Payment Terms. (a) The price payable by US Bio to Dyax for all Product purchased by US Bio hereunder (the “Purchase Price”) shall be [*****].
(b) Dyax promptly shall invoice US Bio for the Purchase Price for all Product purchased hereunder. All Dyax invoices for Product shall be due and payable by US Bio within [*****] after receipt by US Bio [*****]. On all undisputed balances exceeding [*****] from invoice receipt, US Bio shall pay interest equal to the lesser of (i) [*****] per month and (ii) the maximum allowed by law.
Purchase Price; Payment Terms. The purchase price for the Aircraft (the “Purchase Price”) is Thirty Million Four Hundred Eighty Five Thousand Dollars (US$30,485,000.00). Buyer shall pay the Purchase Price to Seller in accordance with the following schedule:
Purchase Price; Payment Terms. 3.1 In consideration of the sale by the Seller of the Sale Shares to the Purchaser, the Purchaser shall pay the Purchase Price to the Seller in cash, in one instalment and in same day funds. To this effect, the Purchaser shall procure that the Purchase Price will be credited through the Purchaser's Bank to HELEX on the Settlement and Transfer Date for the purposes of the settlement and clearance of the Block Trade, all in accordance with Article 5.
3.2 For the avoidance of doubt, the Parties agree that the dividend corresponding to the Sale Shares for the Company's financial year that will end on 31 December 2011, which will become payable during 2012, will be for the benefit of the Purchaser.
Purchase Price; Payment Terms. The consideration payable for Seller’s Stock (the “Purchase Price”) shall be (a) Three Million Five Hundred Dollars ($3,500,000) which shall be paid at Closing to Seller as follows (i) $2,600,000 in cash payable by wire transfer in immediately available good funds to an account designated by Seller; (ii) the delivery of a promissory note attached hereto in the form substantially as set forth in Exhibit A, in the principal amount of $900,000 together with simple interest thereon at a rate of 5.5% (the “Note”) which Note shall be secured by a UCC Security Interest granted by Buyer and the Company in all Company assets in the form attached hereto as Exhibit A (the “Security Interest”), and which UCC Security Interest shall be perfected by the filing of a UCC Financing Statement or as otherwise required; plus (b) delivery of the Drone USA Stock Warrants; plus (c) the Earnout Payments. Seller’s Security Interest shall be subordinated to the security interest of Buyer’s lender, namely TCA Global Master Fund, LP, for a loan to Buyer not exceeding the principal amount of $6,500,000, or the security interest of any substitute lender (provided the principal amount of the loan to Buyer does not exceed $6,500,000), it being expressly acknowledged and understood that the payment to the Seller is being funded by the Buyer’s lender and that this lender requires, and any substituted lender will likely require, a first priority security interest in all of the assets of Drone USA, Inc. including the assets being purchased by way of stock acquisition as set forth herein.
Purchase Price; Payment Terms. The Purchase Price and payment terms are detailed in the Estimate cited above and Xxxxxxxx agrees to abide by those terms.
Purchase Price; Payment Terms. 3.1 In consideration of the sale by the Seller of the Sale Shares to the Purchaser, the Purchaser shall pay the Purchase Price to the Seller in cash, in one instalment and in same day funds. To this effect, the Purchaser shall procure that the Purchase Price will be credited through the Purchaser’s Broker to the Seller’s Account on the Settlement Date in accordance with Article 5.
3.2 The Parties agree that the dividend corresponding to the Sale Shares for the Company’s financial year ended on 31 December 2007, which will become payable during 2008, will be for the benefit of the Seller, if the record date for determining the shareholders of OTE who are entitled to such dividend falls after the Completion Date, and the Purchaser hereby assigns to the Seller the right to collect such dividend from OTE. In the event that, for any reason, the Purchaser, instead of the Seller, receives such dividend, the Purchaser will have the obligation to pay it to the Seller by procuring that the relevant amount will be deposited to the Seller’s Account or as otherwise instructed in writing by the Seller.
