SECURITY FOR PAYMENT OF THE PURCHASE PRICE Sample Clauses

SECURITY FOR PAYMENT OF THE PURCHASE PRICE. 12.1 As security for payment of the purchase price by the purchaser and for the obligations of FSAH imposed by 7.3, FSAH shall deliver to Xxxxxx Xxxxxxx Xxxxxx, to hold in escrow, share certificates evidencing 50% of the issued shares of the purchaser together with blank signed transfer forms in respect of those shares, ("THE SECURITY DOCUMENTATION").
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SECURITY FOR PAYMENT OF THE PURCHASE PRICE. On the date hereof, Shamrock shall deliver to Harvey Cohen, Esq., as Escrow Agent a letter of credit in xxx xxxxxx xf $500,000 in the form attached as Exhibit I to the Escrow Agreement which is attached as Exhibit A hereto, as security for payment of the purchase price. Such letter of credit shall be returned to Shamrock at the Closing upon payment by Shamrock to MSI of the amount set forth in Section 2.1(i).
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SECURITY FOR PAYMENT OF THE PURCHASE PRICE. 2.10 Upon Closing, as security for payment of the balance of the cash portion of the Purchase Price, the Purchaser shall enter into, grant and deliver into escrow:
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SECURITY FOR PAYMENT OF THE PURCHASE PRICE. 10.1 As security for the payment of the second, third and fourth instalments of the purchase price by the purchaser, FSAH shall deliver to Xxxxxx Xxxxxxx Xxxxxx, to hold in escrow, share certificates evidencing 60% of the issued shares of the purchaser, together with blank signed transfer forms in respect of those shares, provided that if FSAF is listed such shares will be substituted by shares of equivalent value of FSAF, accompanied by blank signed transfer forms. The property held by Xxxxxx Xxxxxxx Xxxxxx pursuant to this sub-clause is referred to as "THE SECURITY DOCUMENTATION".
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Related to SECURITY FOR PAYMENT OF THE PURCHASE PRICE

  • Payment of the Purchase Price The Purchase Price shall be paid as follows:

  • Payment of Repurchase Price The Repurchase Price shall be payable, at the option of the Company or its assignee(s), by check or by cancellation of all or a portion of any outstanding purchase money indebtedness owed by Participant to the Company, or such assignee, or by any combination thereof. The Repurchase Price shall be paid without interest within sixty (60) days after exercise of the Repurchase Option.

  • Allocation of the Purchase Price (a) Within ninety (90) days after the final determination of the Final Purchase Price pursuant to Section 2.5, the Sellers will provide the Buyer with a statement (or statements) (the “Asset Acquisition Statement”) with the Sellers’ proposed allocation of the Final Purchase Price (plus any other amounts, including Assumed Liabilities, to the extent properly taken into account as consideration for applicable Tax purposes) among the Transferred Assets and, if applicable, the Ancillary Agreements and any other rights transferred hereunder or thereunder in accordance with Section 1060 of the Code (and any other applicable state, local or non-U.S. Law). The Buyer may, within thirty (30) days after receiving such Asset Acquisition Statement, propose to the Sellers in writing any changes to such Asset Acquisition Statement that are consistent with applicable Law (the “Allocation Notice of Objection”), and if the Buyer does not deliver such a Notice of Objection within such period, the Buyer shall be deemed to have accepted such proposed Asset Acquisition Statement and it shall become final and binding on the Parties. If the Buyer delivers a Notice of Objection, then the Buyer and the Sellers will endeavor in good faith to resolve any differences with respect to the Asset Acquisition Statement within thirty (30) days after the Sellers’ receipt of the Notice of Objection. If the Buyer and the Sellers are unable to resolve such differences, the matters in dispute shall be resolved by the Accounting Firm, which determination by such Accounting Firm shall be consistent with this Agreement. The fees, costs and expenses of the Accounting Firm shall be borne by the Buyer and the Sellers in inverse proportion as they may prevail on matters resolved by the Accounting Firm, which proportionate allocations also shall be determined by the Accounting Firm at the time the determination of the Accounting Firm is rendered.

  • Liability for Payment in Advance of Receipt of Securities Purchased In any and every case where payment for the purchase of Securities for the Fund is made by the Custodian in advance of receipt of the Securities purchased and in the absence of specified Written Instructions to so pay in advance, the Custodian shall be liable to the Fund for such payment.

  • The Purchase Price Notwithstanding the termination of the Option, Grantee will be entitled to exercise its rights under this Section 6(c) if it has exercised such rights in accordance with the terms hereof prior to the termination of the Option.

  • Delivery of the Purchase Price At least one business day prior to the effective date of the Company’s registration statement relating to the IPO (“Registration Statement”), or the date of the exercise of the Over-Allotment Option, if any, the Purchaser agrees to deliver the Initial Purchase Price or Additional Purchase Price, as the case may be, by certified bank check or wire transfer of immediately available funds denominated in United States Dollars to Continental Stock Transfer & Trust Company, a New York corporation (“CST”), which is hereby irrevocably authorized to deposit such funds on the applicable Closing Date to the trust account which will be established for the benefit of the Company’s public shareholders, managed pursuant to that certain Investment Management Trust Agreement to be entered into by and between the Company and CST and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”). If the IPO is not consummated within 14 days of the date the Initial Purchase Price is delivered to CST, the Initial Purchase Price shall be returned to the Purchaser by certified bank check or wire transfer of immediately available funds denominated in United States Dollars, without interest or deduction.

  • Adjustments to the Purchase Price The Purchase Price shall be adjusted as of the Closing Date by:

  • Payment of Receivables Purchase Price In consideration of the sale of the Receivables from the Seller to the Purchaser as provided in Section 2.1, on the Closing Date the Purchaser shall have paid to the Seller the Receivables Purchase Price.

  • Conditions to Obligation of the Purchaser The obligation of the Purchaser to purchase the Receivables from the Seller on the Closing Date is subject to the satisfaction of the following conditions:

  • Payment of Purchase Price The Purchase Price shall be paid as follows:

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