Real Property Purchase Price Sample Clauses

Real Property Purchase Price. (a) The purchase price of the Real Property (the “Real Property Purchase Price”) shall be Four Million and 0/100 Dollars ($4,000,000.00), which Real Property Purchase Price shall be paid as follows: (i) At the Closing (as hereinafter defined) in cash, certified funds, or by wire transfer, as adjusted by the hereinafter specified closing prorations, the sum of Two Million and 0/100 Dollars ($2,000,000.00); and (ii) The balance of the Real Property Purchase Price in the form of Purchaser’s promissory note payable to the order of the Real Property Seller (the “Note”). (b) The Note shall be in the form attached hereto as Exhibit A. The Note shall bear interest at seven and one-half percent (7.5%) per annum and shall provide for eighty-three (83) equal monthly payments of principal and interest inclusive of $30,676.00, together with one additional and final payment in the amount of any unpaid principal and accrued interest thereon, with the first such payment being due and payable by the Purchaser to the Real Property Seller on the first day of the first calendar month following the Closing. The Note shall be secured by (i) the Security Deed described in the Asset Purchase Agreement (the “Security Deed”), which shall be a first priority encumbrance against the Real Property, and (ii) the Security Agreement described in the Asset Purchase Agreement (the “Security Agreement”). The Note shall contain no prepayment premium or penalty. (c) On or before the Final Acceptance Date hereof (and for purposes of this Agreement the Final Acceptance Date shall be the later of the dates shown beneath the signatures of The Real Property Seller and Purchaser below), Purchaser shall have deposited with the Escrow Agent of the Escrow Agreement described in the Asset Purchase Agreement (the “Escrow Agreement”) the Escrow Money as described in the Escrow Agreement (the "Escrow Money") to be held and distributed in accordance with the terms of the Escrow Agreement. The Escrow Money shall be held in escrow to be applied (i) for the Purchaser's benefit against the Real Property Purchase Price and the Purchase Price of the Assets (as defined in the Asset Purchase Agreement) at the Closing (as hereinafter described), or (ii) as otherwise provided for by the Asset Purchase Agreement and the Escrow Agreement.
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Real Property Purchase Price. Pursuant to the Contract of Sale, Company agrees to pay MEDC $1,000,000 at closing. Per Commercial Contract Financing Addendum Paragraph C. Seller Financing, Company must subsequently pay MEDC monthly installments $0.00 per month for Years 1-5 and $46,600.34 per month for Years 6-20 in accordance with the promissory note to be delivered by Company at closing. Company’s payment obligations in this section will survive termination of this Agreement.
Sample 1
Real Property Purchase Price. As consideration for the sale and conveyance of the Real Property, Seller shall be paid Two Hundred Fifty Thousand and No/100 Dollars ($250,000.00) for each of the two parcels of Real Property for an aggregate price of Five Hundred Thousand Dollars ($500,000.00) in current U.S. funds (the "Real Property Purchase Price") as described in this Section 7 hereof.
Sample 1
Real Property Purchase Price. Buyer will have executed and delivered to Dormont Realty Partners, L.P. the Real Property Transfer Agreement, shall have paid to Dormont Realty Partners, L.P. the purchase price specified in such Real Property Transfer Agreement, and Buyer shall have paid one-half of any realty transfer taxes arising out of the transactions contemplated thereby.
Sample 1
Real Property Purchase Price. In full consideration for the sale, transfer, conveyance, assignment and delivery of the Real Property owned by Xxxxxxx to the Buyer and in reliance upon the representations and warranties made herein by Xxxxxxx and for other consideration set forth herein, the Buyer agrees to pay to Xxxxxxx at the Closing, by wire transfer of immediately available funds the sum of One Million Five Hundred Thousand and no/100 ($1,500,000) Dollars.
Sample 1
Real Property Purchase Price. The purchase price for the Real Property shall be One Million One Hundred Twenty-Nine Thousand Nine Hundred Twenty-Two ($1,129,922.00) (the "Real Property Purchase Price"). The Real Property Purchase Price shall be paid by wire transfer of immediately available funds contemporaneously with the payment of the Purchase Price for the Purchased Assets and pursuant to written wire transfer instructions delivered by Synalloy to Santolubes Spartanburg prior to Closing.
Sample 1
Real Property Purchase Price. The term “Real Property Purchase Price” means $5,811,000.
Sample 1
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Related to Real Property Purchase Price

  • Asset Purchase Price (a) All Assets and assets of the Failed Bank subject to an option to purchase by the Assuming Institution shall be purchased for the amount, or the amount resulting from the method specified for determining the amount, as specified on Schedule 3.2, except as otherwise may be provided herein. Any Asset, asset of the Failed Bank subject to an option to purchase or other asset purchased for which no purchase price is specified on Schedule 3.2 or otherwise herein shall be purchased at its Book Value. Loans or other assets charged off the Accounting Records of the Failed Bank before the Bid Valuation Date shall be purchased at a price of zero. (b) The purchase price for securities (other than the capital stock of any Acquired Subsidiary, Shared-Loss Securities, FRB and FHLB stock) purchased under Section 3.1 by the Assuming Institution shall be the market value thereof as of Bank Closing, which market value shall be (i) the market price for each such security quoted at the close of the trading day effective on Bank Closing as published electronically by Bloomberg, L.P., or alternatively, at the discretion of the Receiver, IDC/Financial Times (FT) Interactive Data; (ii) provided, that if such market price is not available for any such security, the Assuming Institution will submit a bid for each such security within three days of notification/bid request by the Receiver (unless a different time period is agreed to by the Assuming Institution and the Receiver) and the Receiver, in its sole discretion will accept or reject each such bid; and (iii) further provided in the absence of an acceptable bid from the Assuming Institution, each such security shall not pass to the Assuming Institution and shall be deemed to be an excluded asset hereunder. (c) Qualified Financial Contracts shall be purchased at market value determined in accordance with the terms of Exhibit 3.2(c). Any costs associated with such valuation shall be shared equally by the Receiver and the Assuming Institution.

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