Purchase Price; Xxxxxxx Money. The purchase price for the Property shall be One Thousand Dollars ($1,000.00) (the “Purchase Price”), payable by Buyer to Seller in cash at the closing described in Section 7 below. Buyer shall submit to Seller xxxxxxx money in the amount of One Hundred Dollars ($100.00) (the “Xxxxxxx Money”) on or before the Acceptance Date. Seller will hold such Xxxxxxx Money unless and until it is to be disposed in accordance with the terms of this Agreement and will bear no interest for any period of time. The Xxxxxxx Money shall be refundable until the expiration or waiver of Buyer’s Contingency (as defined in Section 4(c) below), at which time the Xxxxxxx Money shall be non-refundable, except as provided herein, but shall remain applicable to the Purchase Price at Closing (as defined below).
Purchase Price; Xxxxxxx Money. For such Deed and conveyance Buyer agrees to pay the total purchase price of $__________________. Buyer has delivered or will deliver within 3 business days of the Agreement Effective Date to the University a deposit of xxxxxxx money in an amount of _____________. The remainder of the purchase price shall be paid by wire, cashier’s or trust account check upon delivery of the Quitclaim Deed. The Purchase and Sale Agreement is subject to the following conditions: TERMINATION: This Agreement may be terminated at any time before the Closing as follows: Failure to fulfill any of Buyer’s obligations hereunder shall constitute a default and Seller may employ all legal and equitable remedies, including without limitation, termination of this Agreement and forfeiture by Buyer of the xxxxxxx money. Seller’s failure to fulfill any of Seller’s obligations hereunder shall constitute a default and Xxxxx many employ all legal and equitable remedies, including without limitation, termination of this Agreement and return to Buyer of the xxxxxxx money. Section 5, if, at the later of the closing date set forth below or the expiration of such reasonable time period, Seller is unable to remedy the title, Buyer may terminate this Agreement in which case the parities shall be relieved of any further obligations hereunder and any xxxxxxx money shall be returned to the Buyer.
Purchase Price; Xxxxxxx Money. The purchase price for the shall be FIFTY-FOUR MILLION ONE HUNDRED THOUSAND AND NO/100 DOLLARS ($54,100,000.00) (the “Purchase Price”) payable by Purchaser to Seller as follows:
Purchase Price; Xxxxxxx Money. (a) Subject to adjustment as provided in paragraphs 4, 5(b)(ii), 7, 8(b), 8(c) and 11 hereof, the purchase price for the Property (the "Purchase Price") shall be Thirty-Seven Million Eight Hundred Fifty Thousand and No/100 Dollars ($37,850,000.00). The Purchase Price will be payable on the Closing Date (as hereinafter defined) by delivery by TCF to Seller or its assignee of an installment promissory note (the "Installment Note") for the Purchase Price secured by a letter of credit and issued in conformity with the requirements of and subject to the terms and provisions set forth on Exhibit D attached hereto (the "Installment Sale Terms"). The forms of all documents to be executed by Seller and/or TCF in connection with the Installment Sale, including, without limitation, the Installment Note shall be in form reasonably acceptable to the parties. Seller acknowledges and agrees that Seller shall be solely responsible for all of TCF's additional fees, costs, and expenses incurred in connection with the Installment Sale structure of this transaction including but not limited to costs incurred in connection with obtaining the letter of credit, documenting the transaction as an installment sale and preparing the installment promissory note. Seller further acknowledges that TCF is making no representation or warranty concerning the Seller's use of the Installment Sale structure, including but not limited to the tax consequences thereof. TCF agrees to reasonably cooperate with Seller in structuring and documenting the Installment Sale including, without limitation, providing all reasonable information requested by Seller's structuring agent; provided, however, TCF shall not be required to incur any additional cost or assume any additional liabilities or obligations not expressly contemplated under the Agreement.
Purchase Price; Xxxxxxx Money. (a) The aggregate purchase price (the “Purchase Price”) of the Assets is Three Hundred Twenty-Four Million Three Hundred Twenty-Five Thousand Dollars ($324,325,000), and shall be allocated among the Properties as set forth on Schedule A-1 attached hereto. The Purchase Price shall be adjusted to reflect net prorations and other adjustments provided for in this Agreement.
Purchase Price; Xxxxxxx Money. At and in the event of Closing (as defined in Section 4), Purchaser shall pay to Seller in cash, check or wired funds in United States currency the purchase price (the "Purchase Price") for the Property of Twenty-Four Thousand Dollars ($24,000.00).
Purchase Price; Xxxxxxx Money. 2.1 The purchase price (“Purchase Price”) for the conveyance of the Property to be paid by Buyer to Seller shall be the fixed sum of Two Hundred Thousand and 00/100 Dollars (US $200,000.00). The Purchase Price for the Property will be paid to Seller in immediately available funds at Closing.
Purchase Price; Xxxxxxx Money. The purchase price for the Property shall be Twenty-Four Million Nine Hundred Thousand and No/100 Dollars ($24,900,000.00) (the "Purchase Price"), which shall be paid as follows:
Purchase Price; Xxxxxxx Money. (a) The aggregate purchase price (the “Purchase Price”) of the Assets is Three Hundred Twenty-Four Million Three Hundred Twenty-Five Thousand Dollars ($324,325,000), and shall be allocated among the Properties as set forth on Schedule A-1 attached hereto. The Purchase Price shall be adjusted to reflect net prorations and other adjustments provided for in this Agreement. 12 (b) At each Closing, except the First Final Closing and Second Final Closing: (i) the Buyer shall deposit an amount equal to the aggregate Allocated Purchase Prices of each Property being transferred at such Closing, less the amount of the Allocated Xxxxxxx Money of such Properties held by the Escrow Agent in cash and, with respect to the Xxxxxxxx Property only, less the unpaid principal amount of the Xxxxxxxx Loan outstanding on the date of Closing of the Xxxxxxxx Property, into escrow with the Escrow Agent in immediately available funds by wire transfer to such account or accounts that the Escrow Agent shall designate to the Buyer; and (ii) the Escrow Agent shall (x) deliver both (i) such aggregate Allocated Purchase Prices, and (ii) the Allocated Xxxxxxx Money applicable to such Properties held by Escrow Agent in cash, to the Seller to such account or accounts the Seller shall designate to the Escrow Agent, and (y) return to Buyer any Xxxxxxx Money letters of credit held by Escrow Agent with respect to each Property being transferred at such Closing. (c) At the First Final Closing: (i) the Buyer shall deposit the Allocated Purchase Price of the Property being transferred at such First Final Closing into escrow with the Escrow Agent in immediately available funds by wire transfer to such account or accounts that the Escrow Agent shall designate to the Buyer; and (ii) the Escrow Agent shall deliver such Allocated Purchase Price to the Seller to such account or accounts the Seller shall designate to the Escrow Agent. (d) At the Second Final Closing: (i) the Buyer shall deposit the aggregate Allocated Purchase Price(s) of the Property(ies) being transferred at such Second Final Closing, less the amount of any Second Final Closing Xxxxxxx Money held by the Escrow Agent in cash into escrow with the Escrow Agent in immediately available funds by wire transfer to such account or accounts that the Escrow Agent shall designate to the Buyer; and (ii) the Escrow Agent shall (x) deliver both (i) such aggregate Allocated Purchase Prices, and (ii) the entire Second Final Closing Xxxxxxx Money held b...
Purchase Price; Xxxxxxx Money. (a) Seller agrees to sell the Property to Buyer in consideration for the purchase price set forth on Exhibit A-1 (attached hereto and made a part hereof) and in consideration for some or all of the following, which are expected to result from the development of the Property as described herein: prospective tax revenues (including real estate taxes and sales taxes), economic stimulus, business promotion and job creation (the “Purchase Price”).
