The Purchase Price. If the sale of the Property is not subject to HST, Seller agrees to certify on or before (included in/in addition to) closing, that the sale of the Property is not subject to HST. Any HST on chattels, if applicable, is not included in the Purchase Price.
The Purchase Price. Subject to and upon the terms and conditions of this Agreement, in consideration for the aforesaid sale, conveyance, assignment, transfer and delivery of the Shares at the Closing, Purchaser Parent shall:
(a) pay to Sellers cash in the amount of Six Million Dollars ($6,000,000.00) (the "Cash Purchase Price"), which Cash Purchase Price shall be paid by Purchaser Parent to Sellers at the Closing (in the amount set forth next to such Seller's name on Exhibit A attached hereto) by wire transfer of immediately available funds to such account as Sellers shall, not less than one (1) business day prior to the Closing Date (as defined below), designate in writing to Purchaser;
(b) deliver to Sellers three promissory notes (or such other consideration mutually agreeable to the parties) in the aggregate principal amount of $525,000.00, each in the amount set forth next to such Seller's name on Exhibit A attached hereto in substantially the form attached hereto as Exhibit D (each a "36 Month Note" and collectively, the "36 Month Notes"); and
(c) deliver to Sellers three promissory notes (or such other consideration mutually agreeable to the parties) in the aggregate principal amount of $725,000.00, each in the amount set forth next to such Seller's name on Exhibit A attached hereto in substantially the form attached hereto as Exhibit E (each a "12 Month Note" and collectively, the "12 Month Notes" and together with the 36 Month Notes, the "Notes"), which Notes shall not be transferable to any third party without the prior written consent of Purchaser Parent (which shall not be unreasonably withheld), except for transfers to affiliates of Parent. The "Purchase Price" shall consist of the Cash Purchase Price, the principal amount of the 36 Month Notes and the principal amount of the 12 Month Notes. Purchaser, Purchaser Parent and Sellers each acknowledge that the above Purchase Price will represent the fair market value of the Shares at the time of Closing as determined as a result of arm's length negotiation.
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.
The Purchase Price for each Unit of Preferred Stock pursuant to the exercise of a Right shall initially be $25.00, shall be subject to adjustment from time to time as provided in Sections 11 and 13 hereof and shall be payable in lawful money of the United States of America in accordance with paragraph (c) below.
The Purchase Price. The purchase price for the Property is Forty-Six Million Two Hundred Fifty Thousand Dollars ($46,250,000.00) (the “Purchase Price”) and shall be paid to Seller by Purchaser at the Closing (as that term is defined in Section 14 below) as follows:
(a) Within three (3) business days after execution of this Agreement by all parties, Purchaser shall deposit in escrow with Lawyers Title Company, whose mailing address is 0000 Xxxxxxx Xxxxx Xxxxx, Xxxxx 000, Xxxxxxx Xxxxx, Xxxxxxxxxx 00000, Attention: Xxx Xxxxx; Telephone: (000) 000-0000, Facsimile: (000) 000-0000, in its capacity as escrow agent (“Escrow Agent”) an initial xxxxxxx money deposit in immediately available funds in the amount of Five Hundred Thousand Dollars ($500,000.00) (the “Initial Deposit”).
(b) Within one (1) business day after the end of the Due Diligence Period (as defined in Section 5(a) below), if this Agreement continues in effect in accordance with its terms, Purchaser shall deposit in escrow with Escrow Agent an additional xxxxxxx money deposit in immediately available funds in the amount of One Million Dollars ($1,000,000.00) (the “Additional Deposit”). Until the Additional Deposit has been made, references in this Agreement to the “Deposit” shall mean the Initial Deposit. Once the Additional Deposit has been made, references in this Agreement to the “Deposit” shall mean the Initial Deposit and the Additional Deposit. All references to the Deposit shall include all interest accrued thereon.
(c) The Deposit paid by Purchaser pursuant to the terms hereof shall be held by Escrow Agent in an interest bearing account insured by the federal government in an institution as directed by Purchaser and reasonably acceptable to Seller. If the purchase and sale of the Property is consummated as contemplated hereunder, the Deposit plus all interest accrued thereon shall be paid to Seller and credited against the Purchase Price. If the purchase and sale of the Property is not consummated because of the failure of any Purchaser’s Condition Precedent (as defined in Section 9 below) or any other reason except for a default under this Agreement on the part of Purchaser, the Deposit plus all interest accrued thereon shall be immediately refunded to Purchaser. If the purchase and sale of the Property is not consummated because of a default under this Agreement on the part of Purchaser, the Deposit plus all interest accrued thereon shall be paid to and retained by Seller pursuant to Section 17(b) below. Notw...
The Purchase Price. Payment of the Purchase Price as provided in Section 1.3;
The Purchase Price. At the Closing, the Buyer shall purchase the Purchase Shares for a purchase price equal to $2.62 per Purchase Share (the “Purchase Price”), which shall be paid to the Company by the Buyer.
The Purchase Price. The purchase price for the Property is Nineteen Million Eight Hundred Fifty Seven and No/100 Dollars ($19,857,000.00) (the “Purchase Price”) and shall be paid to Seller as follows:
The Purchase Price. The purchase price of the Shares shall be $0.885 per share (the "Warrant Price").
The Purchase Price. The Purchase Price.
