Purchase Price 2 definition

Purchase Price 2 means the consideration payable by Fellows Energy to Quaneco, if Fellows Energy exercises the Option on Phase II of the Option Lands, of $35 per net mineral acres of part or all of the Option Lands (maximum investment of 183,945 net mineral acres x 65% x $35 = $4,184,748.70);
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Purchase Price 2 has the meaning defined in Section 2.2. of this Agreement;
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Purchase Price 2 and, together with Purchase 1, the aggregate purchase price of Two Hundred Eighty Thousand Dollars and 0/100 ($280,000.00) the “Purchase Price”).
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Examples of Purchase Price 2 in a sentence

  • Upon Fellows Energy electing to exercise the Option and concurrently with Fellows Energy paying the Purchase Price 2, Quaneco will deliver the assignments and other conveyances of the Assets in the Option Lands to Fellows Energy within ten business days, and Fellows Energy and Quaneco will thereafter participate in all future work on the Option Lands and Leases at their respective working interests, subject to the Operating Agreement, with Fellows Energy named as operator therein.

  • PURCHASE PRICE: The purchase price of the Property will be DOLLARS $ (Purchase Price) 2.

  • On or before the twelve (12) month Option Period on the Option Lands, Fellow Energy may elect to exercise the Purchase Price 2 to acquire the Assets in the Option Lands, it must provide its election in writing to Quaneco and pay to Quaneco the Purchase Price 2.

  • In the event Fellows Energy does not elect to exercise the Option to pay Purchase Price 2 and to acquire the Assets in the Option Lands, then Fellows Energy’s right to acquire the Assets will terminate, Fellows Energy will no longer be the operator of any of the Option Lands and the Option Payment and any other payments and all information from the Drilling Program will be retained by Quaneco.

  • The total limit of liability under this Agreement is the least of (1) the Purchase Price (2) the cost of repairs authorized by the Administrator up to the Purchase Price (3) replacement product(s) of the same make and model as the Covered Product, (4) replacement product(s) with features similar to those of Your Covered Product (as determined by the Administrator) or (5) a cash payment, in an amount agreed upon by You, in lieu of repair(s) or replacement(s).

  • Assuming the Financing is funded in accordance with the Financing Commitments, Purchaser will have at and after the Closing funds sufficient to (1) pay the Purchase Price, (2) pay any and all fees and expenses required to be paid by Purchaser in connection with the transactions contemplated by this Agreement and (3) satisfy all of the other payment obligations of Purchaser contemplated hereunder.

  • The Title Company shall pay the Deposit: (1) to Seller at and upon the Closing to be applied against the Purchase Price; (2) to the party otherwise entitled to receive the Deposit in accordance with this Agreement.

  • In such event, Seller shall have all rights and remedies available at law or in equity, including but not limited to the right to retain the Deposit and Option Payments either 1) on account of Purchase Price, 2) as monies to be applied to Seller's damages, or 3) as liquidated damages for such default.

  • First Time Home Buyers GST rebates available from Revenue Canada.Lawyer fees required for legal transactions relating to purchase, mortgage registration and title.1% of 1st 200k Purchase Price, 2% on the balance.

  • The total limit of liability under this Agreement is the least of (1) the Purchase Price (2) the cost or repairs authorized by the Administrator up to the Purchase Price (3) replacement product(s) of the same make and model as the Covered Product, (4) replacement product(s) with features similar to those of Your Covered Product (as determined by the Administrator) or (5) a cash payment, in an amount agreed upon by You in lieu or repair(s) or replacement(s).


More Definitions of Purchase Price 2

Purchase Price 2 has the meaning set out in clause 3.1.1(B). ​ ​
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Purchase Price 2 shall be equal to ninety-four percent (94.5%) multiplied by the lowest daily VWAP that occurs during the applicable Valuation Period 2.
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Related to Purchase Price 2

  • Purchase Price Adjustment has the meaning set forth in Section 2.6.

  • the Purchase Price means the price to be paid by the Buyer to the Seller for the purchase of the Property;

  • Purchase Price has the meaning set forth in Section 2.2.

  • Purchase Price Date means the date the Purchase Price is delivered by Lender to Borrower.

  • Cash Purchase Price has the meaning set forth in Section 2.1(b).

  • Base Purchase Price has the meaning set forth in Section 2.2.

  • Unit Purchase Price shall have the meaning ascribed to such term in Section 2.1(b).

  • Option Purchase Price has the meaning set forth in Section 9.36(b) hereof.

  • Purchase Price Credit has the meaning set forth in Section 1.3 of the Agreement.

  • Maximum Purchase Price has the meaning assigned to the term in the Pricing Side Letter.

  • Stock Purchase Price has the meaning set forth in Section 2 of the Subscription Agreement.

  • Net Purchase Price has the meaning set forth in Section 2.1.

  • Purchase Price Adjustment Escrow Amount means $500,000.

  • Share Purchase Price shall have the meaning ascribed to such term in Section 2.1(b).

  • Purchase Price Percentage has the meaning assigned to such term in the Pricing Side Letter.

  • Purchase Price Per Share means $0.01 per share, as may be adjusted from time to time in accordance with Section 5 or 6.

  • Closing Purchase Price shall have the meaning ascribed to such term in Section 2.1(b), which aggregate purchase price shall be net of the underwriting discounts and commissions.

  • Loan Purchase Price With respect to any Home Equity Loan purchased from the Trust on or prior to a Monthly Remittance Date pursuant to Section 3.04, 3.06(b) or 8.10(b) hereof, an amount equal to the outstanding principal balance of such Home Equity Loan as of the date of purchase (assuming that the Monthly Remittance Amount remitted by the Servicer on such Monthly Remittance Date has already been remitted), plus all accrued and unpaid interest on such Home Equity Loan at the Coupon Rate to but not including the date of such purchase together with (without duplication) the aggregate amounts of (i) all unreimbursed Delinquency Advances and Servicing Advances theretofore made with respect to such Home Equity Loan, (ii) all Delinquency Advances which the Servicer has theretofore failed to remit with respect to such Home Equity Loan, (iii) all reimbursed Delinquency Advances and Servicing Advances to the extent that reimbursement is not made from the Mortgagor and (iv) any costs and damages incurred by the Trust in connection with any violation by the Home Equity Loan of any predatory or abusive lending law.

  • VWAP Purchase Price means the lesser of (i) the Closing Sale Price on the VWAP Purchase Date; or (ii) ninety-seven percent (97%) of volume weighted average price for the Common Stock traded on the Principal Market during normal trading hours on (A) the VWAP Purchase Date if the aggregate shares traded on the Principal Market on the VWAP Purchase Date have not exceeded the VWAP Purchase Share Volume Maximum and the Sale Price of Common Stock has not fallen below the VWAP Minimum Price Threshold (to be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction), or (B) the portion of the VWAP Purchase Date until such time as the sooner to occur of (1) the time at which the aggregate shares traded on the Principal Market has exceeded the VWAP Purchase Share Volume Maximum, or (2) the time at which the Sale Price of Common Stock falls below the VWAP Minimum Price Threshold (to be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction).

  • Per Share Purchase Price equals $1.00, subject to adjustment for reverse and forward stock splits, stock dividends, stock combinations and other similar transactions of the Common Stock that occur after the date of this Agreement.

  • Per Unit Purchase Price equals $0.8670, subject to adjustment for reverse and forward stock splits, stock dividends, stock combinations and other similar transactions of the Common Stock that occur between the date of this Agreement and the applicable Closing Date.

  • Purchase Price Allocation has the meaning set forth in Section 2.6(a).

  • Minimum Purchase Price has the meaning set forth in Section 2.04.

  • Contract Purchase Price means the amount actually paid or allocated in respect of the purchase, development, construction or improvement of a Property or the amount of funds advanced with respect to a Mortgage, or the amount actually paid or allocated in respect of the purchase of other Assets, in each case exclusive of Acquisition Fees and Acquisition Expenses, but in each case including any indebtedness assumed or incurred in respect of such Property.

  • Aggregate Purchase Price has the meaning set forth in Section 1.1.

  • Per Pre-Funded Warrant Purchase Price equals $0.0001, subject to adjustment for reverse and forward share splits, share dividends, share combinations and other similar transactions relating to shares of Common Stock that occur after the date of this Agreement.