Type of Consideration Sample Clauses
The 'Type of Consideration' clause defines the form of payment or value that one party will provide to the other under the agreement. This clause specifies whether consideration will be monetary, such as cash or wire transfer, or non-monetary, such as shares, goods, or services, and may outline any conditions or methods for delivering the consideration. By clearly identifying what constitutes valid consideration, this clause ensures both parties understand their obligations and helps prevent disputes over what is being exchanged.
Type of Consideration. The provisions of Section 9.05(a) or (b) shall apply regardless of the type of consideration to be received in the Proposed Tag-Along Disposition or Proposed Drag-Along Disposition.
Type of Consideration. The Total Consideration is to be paid in shares of common stock of the Buyer, par value, $0.001 per share (the "Buyer Shares"), restricted under Section 144 of the Rules of the Securities and Exchange Commission. The number of shares to be delivered by Buyer will be determined as the percentage derived from dividing the total number of shares of Compass Data Systems purchased by Buyer, divided by the total number of shares of Compass Data Systems, issued and outstanding, which percentage is then multiplied by $3.6 million, the total of which become the numerator, to be divided by the average closing price of Buyer's stock during the 20 trading days immediately preceding the Closing, the denominator. Example follows:
Type of Consideration. The provisions of this Article 3 shall apply regardless of whether the consideration received in the Tag-Along Sale is cash, debt, equity securities, property-in-kind, or any combination thereof.
Type of Consideration