Sale and Purchase of Interest. 1.01 Interest to be Purchased, Transferred or Assigned by the Sellers. On and as of the date of the closing contemplated by this Agreement ("Closing Date"), and under the terms and conditions of this Agreement, the Sellers agree to sell, assign, transfer and deliver to the Buyer, and the Buyer agrees to purchase and accept from the Sellers, all of the Sellers' right, title and interest in the Shares.
Sale and Purchase of Interest. (a) On the terms and subject to the conditions contained in this Agreement, the Parent agrees to sell, and the Acquiror agrees to purchase, the Interest. The consideration to be paid by the Acquiror for the Interest shall be allocated among the Subject Companies pursuant to the further provisions of this Article II.
(b) [In connection with the execution and delivery of this Agreement, the Acquiror has delivered to the Parent a letter of credit in the amount of $ payable to the Parent on the terms set forth therein.]
Sale and Purchase of Interest. (a) Subject to the terms and conditions of this Agreement, the Buyer shall purchase from the Seller and the Seller shall sell to the Buyer, the Target Interest for the purchase price of hundred and fifty thousand dollars (US $150,000) (the "Purchase Price"), payable as provided in Section 1(b) below.
(b) The Purchase Price shall be payable as follows: Buyer shall make payment in cash, in an amount of Purchase Price to Seller at the Closing (as defined below) by wire transfer in immediately available funds to an account designated by Seller in Schedule 1(b).
(c) The closing of the transactions contemplated by this Agreement (the "Closing") shall take place by exchange of documents, at the offices of Xxxxxxxxxx & Xxxxx LLP, 0000 Xxx Xxxxxxxxx Xxx., X.X., Xxxxxxxxxx X.X, 00000, at 10:00 a.m. on the date of this Agreement which is contemplated to be on or before June 30, 2003 or such other date and place as the Buyer and the Seller may mutually determine (the "Closing Date").
(d) At the Closing, (i) the Seller will deliver to the Buyer the various certificates, instruments, and documents required to be delivered under Section 11(a) of this Agreement and (ii) the Buyer will deliver to the Seller the various certificates, instruments and documents required to be delivered under Section 11(b) of this Agreement and shall pay the consideration specified in Section 1(b) above.
Sale and Purchase of Interest. (a) On the terms and subject to the conditions contained in this Agreement, the Parent agrees to to sell, and the Acquiror agrees to purchase, the Interest. The consideration to be paid by the Acquiror for the Interest shall be allocated to each such Subject Company pursuant to the further provisions of this Article II. To the extent that any Noncurrent Intercompany Indebtedness is currently held by a Retained Subsidiary, the Parent will prior to or at the Closing cause the Retained Subsidiary to assign and transfer such Noncurrent Intercompany Indebtedness to EI.
(b) In connection with the execution and delivery of this Agreement, the Acquiror has delivered to the Parent a letter of credit in the amount of $ payable to the Parent on the terms set forth therein.
Sale and Purchase of Interest. Subject to the terms and conditions of this Agreement, at the Closing, the Sellers shall sell, transfer, convey and assign to the Purchaser, and the Purchaser shall purchase from the Sellers, the Interest for the following purchase price :
(a) At the Closing (as hereinafter defined), Purchaser will pay the Sellers an aggregate amount of $1,000,000 in cash, plus the Macoven Inventory Adjustment Amount (as hereinafter defined) (collectively the “Purchase Price”).
Sale and Purchase of Interest. Subject to the other provisions of this Agreement, the Vendor shall sell the Interest to the Purchaser and the Purchaser shall purchase the Interest with effect from the Closing Date.
Sale and Purchase of Interest. Subject to the terms and conditions hereof, ILCD hereby sells and Purchaser hereby purchases the Interest in consideration of Purchaser executing and delivering the Note to ILCD.
Sale and Purchase of Interest. Upon the terms and subject to the conditions set forth in this Agreement, at the Closing, the Sellers agree to sell, assign, transfer and deliver to Buyer all of the Interests, and Buyer agrees to purchase from the Sellers all of the Interests.
Sale and Purchase of Interest. 2.1 The Parties hereby restate and amend that Sale and Purchase Agreement by and between themselves dated 18 May 2011, as amended on 2 August 2011 and further amended on 1 December 2011, 28 March 2012 and 15 May 2012, concerning the sale and purchase of the Interest, giving that previous agreement and any related agreements no further force and effect and restating and amending that sale and purchase agreement through this Agreement.
2.2 Subject to the terms of this Agreement, the Seller as legal and beneficial owner hereby agrees to sell and transfer to the Purchaser free from all Encumbrances (subject to the provisions of the PSC) and the Purchaser hereby agrees to acquire from the Seller the following (the “Acquisition Assets”):
2.2.1 the Interest; and
Sale and Purchase of Interest
