Terms of Payment of Purchase Price to the Company and Continuing Shareholders Sample Clauses

Terms of Payment of Purchase Price to the Company and Continuing Shareholders. The Company and the exercising Continuing Shareholders shall pay the purchase price for the Transferred Shares in cash; provided, however, that the purchase price payable by the Company or any Continuing Shareholders for the Transferred Shares of the Involuntary Transferor may be paid twenty-five percent (25 %) percent down within thirty (30) days after the purchase price is determined with the balance to be paid with interest at the rate of the lesser of the Bank of America prime rate as adjusted from time to time, or the applicable federal rate in three (3) equal annual installments of principal and interest until paid in full. Notwithstanding the foregoing in no event shall the amount paid as a down payment be less than the amount of any insurance proceeds received by the Company or any Continuing Shareholder as a result of the death of the Involuntary Transferor. Until the Transferred Shares have been paid for in full, the Company and each exercising Continuing Shareholder shall pledge back the Transferred Shares it purchases to the Involuntary Transferee as collateral for payment pursuant to a Security and Pledge Agreement with customary terms and conditions, as determined in the reasonable discretion of the Company.
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Related to Terms of Payment of Purchase Price to the Company and Continuing Shareholders

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

  • AMOUNT AND PAYMENT OF PURCHASE PRICE The total consideration and method of payment thereof are fully set out in Exhibit "A" attached hereto and made a part hereof.

  • Purchase Price; Payment of Purchase Price In addition to the Assumed Liabilities described below, the aggregate consideration for the Subject Assets (the “Purchase Price”) shall be the amount equal to: $2,000,000. The Purchase Price shall be subject to adjustment as set forth in Section 1.7 below as so adjusted.

  • Payment of Purchase Price Upon Exercise At the time of any exercise, the Exercise Price of the Shares as to which this Option is exercised shall be paid in cash to the Company, unless, in accordance with the provisions of Section 4.2(c) of the Plan, the Board shall permit or require payment of the purchase price in another manner set forth in the Plan.

  • REINSTATEMENT OF PURCHASE AGREEMENT All other provisions and conditions of the referred Purchase Agreement, as well as its related Attachments, which are not specifically amended by this Amendment No. 17, shall remain in full force and effect without any change.

  • Method of Payment of Purchase Price No later than 12:00 p.m. Eastern time on the Closing Date, Purchaser shall deposit with Escrow Agent the Purchase Price (less the Xxxxxxx Money Deposit), together with all other costs and amounts to be adjusted, pro-rated or paid by Purchaser at the Closing pursuant to the terms of this Agreement ("Purchaser's Costs"), by Federal Reserve wire transfer of immediately available funds to the account of Escrow Agent. Escrow Agent, following authorization by the parties at Closing, shall (i) pay to Seller by Federal Reserve wire transfer of immediately available funds to an account designated by Seller, the Purchase Price, subject to any costs or other amounts to be adjusted, pro-rated or paid by Seller at Closing pursuant to the terms of this Agreement, (ii) pay to the appropriate payees out of the proceeds of Closing payable to Seller all costs and amounts to be paid by Seller at Closing pursuant to the terms of this Agreement, and (iii) pay Purchaser's Costs to the appropriate payees at Closing pursuant to the terms of this Agreement. ARTICLE IV

  • Transactions to be Effected at the Closing (a) At the Closing, Buyer shall:

  • Purchase Price; Allocation of Purchase Price (a) Subject to the terms and conditions of this Agreement, the purchase price for the Interests and the Purchased Assets (other than the Specified OUS Assets) (such amount, the “Purchase Price”) is payable as follows:

  • Conditions Precedent to the Obligations of the Company to sell Shares The obligation of the Company to sell Shares at the Closing is subject to the satisfaction or waiver by the Company, at or before the Closing, of each of the following conditions:

  • Conditions Precedent to the Obligation of the Company to Sell the Shares The obligation hereunder of the Company to issue and sell the Shares is subject to the satisfaction or waiver, at or before the Closing, of each of the conditions set forth below. These conditions are for the Company’s sole benefit and may be waived by the Company at any time in its sole discretion.

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