Purchase Price and Deposit. 4.1 The total purchase price for all the Vessels is USD 980,000,000 (United States Dollars Nine Hundred and Eighty Million) (the “Purchase Price”).
4.2 The allocated purchase price for each of the Vessels is set out in Appendix 2 (each, an “Allocated Purchase Price”).
4.3 As security for the correct fulfilment of this Agreement Euronav shall pay on its own behalf and on behalf of the Acceding Buyers a deposit of 10% (ten per cent) of the Purchase Price, equal to USD 98,000,000 (United States Dollars Ninety Eight Million) (the “Deposit”). The Deposit shall be paid to the Escrow Bank as follows: (i) Euronav shall transfer USD 88,000,000 (United States Dollars Eighty Eight Million) to the Escrow Bank no later than 17 January 2014, 1700 hours London time and (ii) following confirmation of receipt of USD 88,000,000 by the Escrow Bank to the Sellers, the Sellers shall transfer USD 10,000,000 (United States Dollars Ten Million) to the Escrow Bank (being the amount that the Sellers have received in accordance with the Letter Agreement) (the “Deposit Date”). This Deposit shall be placed as Escrow Funds with the Escrow Bank and held by it in an account in the name of the Sellers in accordance with an Escrow Agreement between the Sellers, the Buyers and the Escrow Bank in such form as may reasonably be required by the Escrow Bank and the Parties and the relevant part of the Deposit (being 10% (ten per cent) of the Allocated Purchase Price for that Vessel, each an “Allocated Deposit”) is to be released upon the Buyers and Sellers signing a protocol of delivery and acceptance in respect of that relevant Vessel or released as otherwise provided in this Agreement or the Escrow Agreement. Simultaneously with signing the protocol of delivery and acceptance the Sellers and the Buyers shall also be obliged to sign an Escrow Payment Letter under the Escrow Agreement and thereby releasing the relevant Allocated Deposit. Interest on the Deposit, if any, shall be credited to the Buyers upon delivery of each Vessel by reference to the Allocated Deposit. Any fee charged for holding the Deposit shall be borne equally by the Sellers and the Buyers.
4.4 The remaining part of the Allocated Purchase Price (i.e. 90% (ninety per cent)) for a Vessel plus any other amount due under the relevant MOA shall be paid in full free of bank charges by way of conditional payments using SWIFT messages MT202 and MT199 to the Escrow Bank on delivery of the relevant Vessel or, subject to the consent of...
Purchase Price and Deposit. PURCHASER agrees to pay as and for the total purchase price for the Property in the manner and at the times hereinafter specified, the sum of ($ ), plus costs and expenses of closing as provided by this Agreement (the "Purchase Price"), as follows:
a. A deposit of ten percent (10%) of the price offered to purchase the Property ("Deposit") shall be submitted with all bids and said ten percent (10%) amount shall be retained as a deposit to be credited against the Purchase Price at closing. The Deposit shall be in the form of a cashier's check or other collected funds. The Deposit shall be held by COUNTY in a separate account designated for each bid package as a part of Airport Enterprise Funds.
b. The balance of the Purchase Price shall be paid at closing by wire transfer or other collected funds. COUNTY's wire transfer instructions are available upon request.
Purchase Price and Deposit. PURCHASER agrees to pay as and for the total purchase price for the Property in the manner and at the times hereinafter specified, the sum of
Purchase Price and Deposit. The Deposit will be credited to the Purchase Price and the remainder of the Purchase Price and Buyer’s share of closing costs, pro-rations, and other fees and costs associated with the purchase of the Property will be paid in Current Funds through Escrow at Closing (such remainder of the Purchase Price, closing costs, pro-rations and other fees and costs, collectively, the “Remaining Balance”). In the event that this Agreement is properly terminated in accordance with its terms, then the Deposit shall be delivered to the appropriate party in accordance with the terms of this Agreement and neither Buyer nor Seller will be reimbursed for any expenses incurred in connection with such inspections, appraisals, or any other matters pertaining to the transaction contemplated by this Agreement (except as otherwise expressly provided in this Agreement or by applicable law).
Purchase Price and Deposit. The total purchase price ("Purchase Price") for the Property shall be an amount equal to $22,500,000.00, payable by Purchaser, as follows:
2.2.1. Within 2 Business Days following the Effective Date, Purchaser shall deliver to Fidelity National Title Insurance Company, 8000 Xxxx Xxxxxxxx Xxxxxxx, Xxxxx 000, Xxxxxxxxx Xxxxxxx, Xxxxxxxx 00000, Attention: Vxxxxx X. Xxxxxxxxxx, Telephone (000) 000-0000, Facsimile (000) 000-0000 ("Escrow Agent" or "Title Insurer") an initial deposit (the "Initial Deposit") of $225,000.00 by wire transfer of immediately available funds ("Good Funds").
Purchase Price and Deposit. The total purchase price ("Purchase Price") for the Property shall be an amount equal to $16,000,000, payable by Purchaser, as follows:
2.2.1 Within 2 Business Days following the Effective Date, Purchaser shall deliver to Xxxxxxx Title Insurance Company, 0000 Xxxx Xxx Xxxxxxxxx, Xxxxx 000, Xxxxxxx, Xxxxx 00000, Attention Xxxxx Xxxxxx, Telephone: (000) 000-0000; Fax: (000) 000-0000 ("Escrow Agent" or "Title Insurer") an initial deposit (the "Initial Deposit") of $160,000 by wire transfer of immediately available funds ("Good Funds").
Purchase Price and Deposit. The total purchase price ("Purchase Price") for the Property shall be an amount equal to $19,750,000.00, which amount shall be paid by Purchaser, as follows:
2.2.1 On the Effective Date, Purchaser shall deliver to Xxxxxxx Title Guaranty Company, c/o Xxxxx Xxxxxx, National Commercial Closing Specialist, 0000 Xxxx Xxx Xxxxxxxxx, Xxxxx 000, Xxxxxxx, XX 00000, 000-000-0000 ("
Purchase Price and Deposit. The purchase price for each Property is set forth in the Seller Information Schedule (the “Purchase Price”). The Purchase Price for each Property shall be payable by Purchaser as follows:
Purchase Price and Deposit. The total purchase price (the “Purchase Price”) for all of the Properties shall be $176,800,000.00, which shall be paid by Purchaser. The Base Purchase Price for each Property is set forth in the Seller Information Schedule, subject to Purchaser’s right to reallocate pursuant to Section 2.2.6. The Purchase Price shall be paid as follows:
2.2.1. Deposit . Not later than 2:00 p.m. Mountain Time on September 29, 2008 (the “Outside Date”), Purchaser shall deliver directly to Seller’s Representative a deposit (the “Deposit”) of Seventeen Million Seven Hundred Thousand Dollars ($17,700,000.00), by wire transfer of immediately available funds (“Good Funds”). The Deposit shall be retained by Sellers and shall be nonrefundable to Purchaser except as otherwise provided in this Agreement. The Deposit shall be allocated among the Sellers of the Properties as listed on the Seller Information Schedule.
Purchase Price and Deposit. The purchase price to be paid by Purchaser to Seller for the Property (the “Purchase Price”) is FOURTEEN MILLION FIVE HUNDRED THOUSAND AND 00/100 Dollars ($14,500,000.00), payable in United States dollars as follows:
(a) [Intentionally Omitted].
(b) By no later than 5:00 p.m. Eastern (local New York, New York) time on October 7, 2011, Purchaser shall deposit with Commonwealth Land Title Insurance Company (“Escrow Agent”) the amount of One Million and No/100 Dollars ($1,000,000.00) (together with any interest earned thereon, the “Deposit”). The Deposit shall be in the form of cash, effected by wire transfer of immediately available good funds to an account designated by Escrow Agent. If Purchaser shall fail to deposit the entire Deposit by 5:00 p.m. Eastern (local New York, New York) time on the third business day following the Effective Date, Seller may, at any time prior to Purchaser’s deposit of the Deposit, terminate this Agreement, in which event (i) the parties shall have no further rights or obligations under this Agreement, except for any obligations that expressly survive termination. The Deposit shall be non-refundable; provided, however, that the Deposit shall be refundable to Purchaser if Purchaser terminates this Agreement in accordance with the provisions of this Agreement that expressly provide for a return of the Deposit to Purchaser upon such termination.
(c) [Intentionally Omitted].
(d) From and after the Effective Date of this Agreement, the provisions of this Agreement shall govern Escrow Agent’s obligations with respect to the Deposit.
(i) Escrow Agent shall deliver the Deposit to Seller or to Purchaser, as the case may be, under the following conditions:
(1) Upon and subject to the occurrence of the Closing, Escrow Agent shall apply the Deposit to the satisfaction of the Purchase Price; or
(2) Escrow Agent shall deliver the Deposit to Seller following receipt by Escrow Agent of written demand therefor from Seller stating that Seller is entitled to the Deposit under this Agreement, or that Seller has terminated this Agreement, provided Purchaser shall not have subsequently given written notice of objection in accordance with the provisions set forth below; or
(3) Subject to the terms of this Agreement, the Deposit shall be returned to Purchaser following receipt by Escrow Agent of written demand therefor from Purchaser stating that Seller has defaulted in the performance of its obligations under this Agreement or that this Agreement was...
