Purchase Price Terms of Payment. (a) Determination of Purchase Price. Parent retained an independent third party, Houlxxxx Xxxex Xxxxxx & Xukix (xxe "Valuation Expert"), to determine the fair market
Purchase Price Terms of Payment. (1) The purchase price is the price quoted by the Seller.
(2) The Seller reserves the right to increase the price of the goods, after due notice to the Buyer and before delivery of the goods, as may be necessary due to general price developments beyond the Seller's control (such as exchange rate fluctuations, currency regulations, changes in customs duties, significant increases in material or manufacturing costs) or due to changes in suppliers.
(3) Unless otherwise stated in the offer or unless otherwise agreed in writing between the Seller and the Buyer, all prices quoted by the Seller are on an "ex works" basis. If the parties have agreed on a different place of delivery, the Buyer shall bear the costs for transport, packaging and insurance.
(4) Prices are exclusive of Value Added Tax, which the Buyer must pay additionally to the Seller.
(5) Interest on arrears must be charged at a rate of 9 % above the respective base rate. We reserve the right to claim higher damages for delay.
(6) Unless otherwise stated on the invoice, the Buyer shall pay the purchase price within 30 days of the invoice date. The statutory rules concerning the consequences of de- fault in payment apply.
(7) Payments should only be made by bank transfer or cheque; bills of exchange will not be accepted as fulfilment of the payment obligation.
(8) It may be agreed between the contracting parties that the Buyer shall open a docu- mentary letter of credit through its bank (or another bank acceptable to the Seller). In this individual case, it is stipulated that the letter of credit must be opened in ac- cordance with the General Rules and Practices for Documentary Credits, 1993 Revi- sion, ICC Publication No. 500.
(9) If the Buyer fails to make payment on the due date, the Seller may, without waiving any other rights or claims it may have at its option: • terminate the contract or suspend further deliveries to the Buyer; or • charge the Buyer interest on the unpaid amount at the rate of 9 % per annum above the base rate of the European Central Bank from time to time until final, and full payment has been made. The Buyer is entitled to prove that no or only minor damage has been incurred as a result of the delay in payment.
(10) The Buyer is only entitled to set off rights if its counterclaims have been legally es- tablished, are undisputed or have been acknowledged by the Seller. Furthermore, it is entitled to exercise a right of retention insofar as its counterclaim is based on the sam...
Purchase Price Terms of Payment. The purchase price (the “Purchase Price”) to be paid by Purchaser to Seller for the Property is Eight Hundred Seventy Thousand Dollars and No/100 Dollars ($870,000.00). The Purchase Price, subject to prorations and adjustments as hereinafter set forth, shall be paid by Purchaser at Closing in cash by wire transfer. The Deposit (as described below) shall be part of said funds and credited against the Purchase Price for the Property.
Purchase Price Terms of Payment. (a) DETERMINATION OF PURCHASE PRICE. Parent retained an independent third party, Xxxxxxxx Xxxxxx Xxxxxx & Xxxxx (the "VALUATION EXPERT"), to determine the fair market value of the Purchased Assets as of the date of this Agreement (the "PURCHASE PRICE"). The parties hereby agree that the purchase price to be paid for the Purchased Assets shall equal the Purchase Price as so determined by the Valuation Expert and that subject to subparagraph 2.2(b)(ii) below, the determination of the Valuation Expert that the Purchase Price equals US$9,000,000 shall be final and binding on the parties. The cost of the Valuation Expert shall be borne by Parent.
Purchase Price Terms of Payment. Contracting Parties have agreed that the purchase price of the goods will be set to excluding VAT (hereinafter referred to as the „Purchase Price“). The Purchase Price includes the price of the goods, its delivery and other obligations of the Seller described in this Contract. Itemized budget of the purchase price is given in Appendix No.2 to this Contract. The Purchase Price shall be paid on the basis of an invoice issued by the Seller, who is entitled to invoice the Purchase Price after the signature of the protocol of handover of the goods . The invoice must have the particulars of a tax document according to generally binding legal regulations of Czech Republic. The invoice is due within 30 days from its delivery to the Buyer. If the invoice does not contain the required particulars (or will contain incorrect data), the Buyer is entitled to return such invoice to the Seller. Invoices must be returned by their due date. After this return, the Seller is obliged to issue a new invoice with the correct particulars. Until a new invoice is issued with a new due date, the Buyer is not in delay with the payment of the relevant invoice. The maturity of a newly issued perfect invoice is also 30 days from its delivery to the Buyer. If the Buyer fails to pay the Purchase Price in time, the Seller shall have the right to default interest at the rate of 0,05 % of outstanding amount for each day of default.
Purchase Price Terms of Payment. The purchase price for the Assets shall be FIVE HUNDRED EIGHTY THOUSAND DOLLARS ($580,000.00). At close, Buyer shall execute and deliver to DMC, a Promissory Note (the "Note") for the full purchase price, which Note shall provide as follows: Interest Rate: 2 1/2% per annum for the first six months, thereafter, 5% per annum Note Term: 2-1/2 years (30 months) Interest & Payment Commencement Date: Interest only for the first six months payable monthly in arrears, thereafter principal and interest payable monthly in arrears Monthly Payment of Principal: $17,500 (months 6 through 29) Balloon Payment: $160,000 (month 30) Interest shall accrue on the outstanding balance of the Note and shall be computed on the basis of a year of 360 days and paid for the actual number of days elapsed, all as more fully provided for in the Note. Buyer shall be responsible for payment of all applicable sales and use taxes. The Note shall be secured by a Security Agreement and UCC-1 Financing Statement covering all Assets, other than inventory. Buyer shall have the right to sell any of the Assets during the Note term with the prior written consent of DMC; provided however, that all proceeds of sale are applied to the outstanding amount due under the Note and provided, further, that the proceeds of sale are at least equal to the fair market value of the Assets being sold as determined by DMC in its sole discretion. Buyer shall have the right to further pledge the Assets for security to third parties with the prior written consent of DMC; provided however, that DMC shall retain a first position and any such third party shall be required to enter into an intercreditor and subordination agreement in form and substance satisfactory to DMC.
Purchase Price Terms of Payment. The purchase price (the “Purchase Price”) to be paid by Purchaser to Seller for the Property is Two Hundred Fifty-Eight Thousand Seven Hundred Fifty and 00/100 Dollars ($258,750.00). The Purchase Price, subject to prorations and adjustments as hereinafter set forth, shall be paid by Purchaser at Closing in cash by wire transfer or certified funds. The Deposit (as defined below) shall be part of said funds and credited against the Purchase Price for the Property. The purchase price agreed to herein is in accordance with appraisals obtained by the Purchaser pursuant to I.C. 36-1-10.5-5.
Purchase Price Terms of Payment. The purchase price for CV's Membership Interest shall be the purchase price agreed upon by Legacy and CV ("Legacy Purchase Price"). In the event Legacy and CV are not able to agree upon a purchase price for CV's Membership Interest within thirty (30) calendar days after the date of Legacy's written notice of election to exercise its Option to Purchase, then Legacy and CV shall each appoint an appraiser to prepare an appraisal establishing the fair market value and corresponding purchase price for CV's Membership Interest, taking into account all facts and circumstances as of the date of such appraisals. Each such appraisal referred to above shall be completed on or before thirty (30) calendar days after the date the matter is required to be submitted to the appraisers pursuant to this Section 14.
Purchase Price Terms of Payment. The purchase price ("Purchase Price") for the Transferred Assets shall be Two Million Eight Hundred Ten Thousand Dollars ($2,810,000). The Purchase Price shall be paid as follows:
(a) the Buyer has deposited the sum of Fifty Thousand Dollars ($50,000) ("Deposit") with Ruden, McClosky, Smith, Schuster & Russell, P.A. ("Escrow Agent"), wxxxx Deposit shall be paxx xxxxxd txx Xxxxhase Price at the Closing or disbursed to Seller or Buyer in accordance with the terms of this Agreement;
(b) the payment by Buyer to Escrow Agent of the sum of Five Hundred Thousand Dollars ($500,000) ("Deferred Assets Escrow") which shall be paid by Escrow Agent to Seller at the "Deferred Assets Closing" (as hereinafter defined) or, subject to the provisions of Section 25(iii) hereof, paid to the Buyer in the event the Deferred Assets Closing has not taken place on or prior to September 30, 1998.
(c) the payment by Buyer to CTH at the "Closing", which shall be made in immediately available United States dollars by wire transfer to a bank account designated by Seller, of Two Million Two Hundred Sixty Thousand Dollars ($2,260,000.00).
Purchase Price Terms of Payment. (a) As consideration for the Cellular Stock, CCI will pay to PTI on the Closing Date, by wire transfer of immediately available funds to an account specified by PTI, the sum of $240,000,000 (the "Cellular Purchase Price").
(b) Subject to the adjustments contemplated by Section 11.4, as consideration for the Stock, Century will pay to PHI, on the Closing Date, by wire transfer of immediately available funds to an account specified by PHI, the sum of $1,283,000,000, less any amounts paid by PTI with respect to the Gabelli Suit plus any and all litigation expenses incurred with respect to the Gabelli Suit after the date hereof (including litigation expenses of PTI's former minority shareholders), to the extent such amounts are not reimbursed by PHI prior to Closing (the "Purchase Price").
