Sale Terms. The Sale Terms shall include, to the extent applicable, the price for the Phase Two Product as well as any attendant investment in and/or provision of capital or other consideration to either Supplier and/or the Project as well as all other material terms and conditions in reasonable detail.
Sale Terms. As used herein, the term "Sale Terms" shall mean: the purchase price; terms of payment of the purchase price (including any deposits); contingencies including, for example, due diligence, inspection or financing contingencies; closing date; settlement costs; expenses and adjustments; conditions upon which the proposed transfer is predicated, including the transferee’s post-closing use and development of the property; and any other terms a commercially reasonable seller and buyer of real property would include in connection with the consummation of the sale and purchase of real property, taking into account that the seller is a municipality that may value a public benefit more highly than cash consideration.
Sale Terms. It is presumed that Seller is selling all of Sellers’ interest in and to any of the properties identified by Seller for sale. If Seller desires to set a reserve price (i.e., a minimum acceptable sale price during the auction), Seller must notify MCEE in writing of the specified reserve price when providing information regarding said property(ies). If a reserve price is set, Seller authorizes XXXX, at MCEE’s sole discretion, to notify all bidders that a reserve price exists with respect to the properties on which a reserve price has been set. All sales are final when MCEE declares a winning bidder based on the high bid on the property(ies), unless the reserve price is not met during the auction sale. MCEE will attempt to get the maximum amount possible for the Seller’s properties, but Seller acknowledges that MCEE has made no promises, guarantees, warranties or other representations to Seller regarding the value of the properties being sold by Seller or the outcome of the auction. Seller acknowledges that MCEE has not stated any opinion of value or expectation of sale price to induce the Seller to enter into this Agreement, and Seller has not relied upon any representations of Seller in deciding to enter into this Agreement.
Sale Terms. AVIA Ashok shall sell the Products to Xxxxx at the prices set forth in Attachment A to this Agreement. The prices for the Products listed on Attachment A as of the Effective Date are based on the specifications as of the Effective Date of this Agreement changes in the Product specifications may result in mutually-agreeable changes to Product prices. Neither Party shall have any obligation to implement any changes to the Products until the Parties agree upon changes to the Product prices.
Sale Terms. The Apex Oil Company, Inc.,/Xxxxx Oil Trading Company/Xxxxxxxxx Oil Company/Enjet, Inc. General Terms and Conditions for Petroleum Product Purchases and Sales Effective August 1, 2010 (the “General Conditions”) are incorporated into and made a part of this Agreement for the purposes of Product sales made by Apex to Customer at any Terminal. A copy of the General Conditions may be obtained at Apex’s web page at xxx.xxxxxxx.xxx or by phone from (000) 000-0000. The “Special Provisions” described in the General Conditions is the agreement, if any, entered into between Apex and Customer as to a firm price and delivery period prior to Customer or its Agents loading Product at the Terminal. In the absence of such agreement, Apex’s most recent posted prices at the Terminal will constitute the price for Product loaded at such Terminal.
Sale Terms. An xxxxxxx deposit of 10% of the purchase price is due upon signing the Purchase Agreement. The closing will be thirty days following seller acceptance of Purchase Agreement. 2018 and prior taxes will be paid by the Seller. Title insurance and escrow closing fee will be split equally. The property is being sold “AS IS”. No warranty is expressed or implied by the owner or agents of UFARM Real Estate. UFARM and its agents represent the seller, buyers are customers.
Sale Terms. If a Purchase Notice is delivered during the Option Period, or a Purchase Obligation Notice is delivered during the Landlord’s Option Period, the purchase and sale of the Properties shall be completed upon the following terms and conditions:
(a) The transaction of purchase and sale of the Properties (the “Property Sale”) shall be completed in the case of the Purchaser exercising its option under Section 14.1 within five (5) Business Days of delivery of the Purchase Notice to the Landlord, and in the case of the Landlord exercising its option pursuant to Section 14.2 on the Expiration Date (in this Article, the “Closing Date”). If the Closing Date is not a day on which the appropriate Registry of Deeds Office is open the Closing Date shall be extended to the next day on which the appropriate Registry of Deeds Office is open. The closing shall take place at the offices of counsel to the Landlord, namely XxXxxxx Xxxxxx, Fredericton, New Brunswick or such other place as the Landlord may advise in writing.
(b) The purchase price for the Properties shall be Five Million and Nine Hundred Thousand Dollars ($5,900,000.00). The purchase price shall be allocated amongst the Properties and between the Lands and Buildings as mutually agreed by the parties within 120 days of the Commencement Date. In the event that the parties agree upon an allocation of the purchase price within such period then the parties shall treat such allocation as binding for all purposes, including the filing of all tax and other returns and the preparation of all financial statements and other documents and records legally required by the respective parties.
(c) The Purchaser shall not be obligated to complete the Property Sale unless the title to the Lands is good and marketable and free from all encumbrances, except for the encumbrances set forth in Schedule “F” hereto. The Tenant acknowledges that it has conducted investigations as to title to the Lands and as of the Commencement Date it is satisfied as to such title and the Purchaser shall be deemed to be satisfied with title as of the Closing Date if it delivers a Purchase Notice under Section 14.1. The Purchaser shall be allowed thirty (30) days from the date that the Landlord delivers the Purchase Obligation Notice to update its investigation of the title to the Lands, at the Purchaser’s own expense. If within the time allowed for updating its examination of title, the Purchaser advises the Landlord in writing of any defect as to title ...
Sale Terms. Once Landlord has delivered a notice to Tenant of an intended offering of the Premises and Tenant's rights with respect to such offering have ended (from failure to deliver a notice of interest within seven days, from failure to execute a purchase and sale agreement within 10 days, or from failure to consummate a sale on the terms set forth in the purchase and sale agreement), Landlord shall be free to market the Premises and to sell the same without challenge by Tenant as to any defect in the notice or negotiations. It is intended that Landlord and any third party whomsoever shall be conclusively entitled to rely upon the lapse of the rights granted under this Right of First Offer and that Tenant shall have no claim or right to assert that any lower price or different terms than those communicated to Tenant give rise to an additional right of Tenant to pursue a purchase of the Premises. Landlord shall have the right to market and sell the Premises on any terms desired, from time to time, after complying with the notice and negotiation requirements of Paragraph 1 above.
Sale Terms. In 2027, contingent on voter approval of a bond measure in 2026, the City will purchase 7 acres from the District at the price of $65.5 million. This includes the area currently developed with permanent buildings.
a. The purchase price reflects a current (2024) valuation of $60.65 million, escalated by 2.6% per year over 3 years for purchase in 2027.
b. By March 30, 2026, the City will develop a plan for a new community center and related uses on the site.
c. By March 30, 2026, the District will develop a plan for the use of sale proceeds for the improvement of Palo Alto schools.
d. The City and District will coordinate planning for citywide outreach on the goals and plans in support of the proposed sale.
e. With a successful bond election, the City will transmit sale proceeds to the District by July 1, 2027. If the bond measure is not placed on the 2026 ballot or is not approved, the proposed sale will not occur.
Sale Terms. (a) At the end of the sales process, the Company will accept the highest offer for the sale of the Company for consideration, as of May 1, 2000, of at least $120MM, minus all costs attributable to rejection of executory contracts, plus or minus working capital items assumed, and net of all costs of sale, including all investment banking fees of the Company and the Noteholders however the same are funded or defeased ("Net Consideration"). Both Old Equity and the Noteholders agree that the highest bid in excess of $120MM of Net Consideration, will be accepted unless such bid is rejected by both parties. Acceptance of a bid less than $120MM will require the agreement of the Noteholders and the Company. Acceptance of a bid for any consideration other than cash will require the agreement of the Noteholders and, if such consideration does not include sufficient cash to pay the Christiania Debt, trade creditors and Old Equity as contemplated hereby, will also require the agreement of the Company.
(b) The Company will implement the sale in accordance with the procedures attached to the Voting Agreement incorporating the economic terms set forth herein relative to the allocation of sales proceeds.
(c) At the closing on any sale, the first proceeds will be used to pay the outstanding amount of the Christiania Debt (currently estimated $24MM) in full.
(d) If a binding agreement for the sale of the Company for Net Consideration of at least $120MM is executed on or before April 14, 2000, Old Equity will receive a distribution (in lieu of all other consideration, including severance and similar payments) in the amount of $5MM; in addition Old Equity would be entitled to 8% of the Net Consideration in excess of $120MM but less than $175MM; plus 50% of the Net Consideration in excess of $175MM until the Noteholders investment is repaid in full with interest. After the Noteholders have so recovered their investment, all excess consideration shall be allocated to Old Equity. If a binding agreement for the sale of the Company is executed after April 14, 2000 from the date the Voting Agreement is signed, the 8% share of Net Consideration in excess of $120MM and below $175MM shall be reduced to 5%.
(e) All claims of Trade Creditors either will be paid in cash in full at closing, in the ordinary course, or as agreed by the Company and the applicable Trade Creditor.
(f) Any tax claims either will be paid in cash in full at closing, in the ordinary course when due or in accordanc...
