Purchase Price and Payment. The total Purchase Price for the Property is the amount of the successful bid for the Cabin/Home Site at public auction plus the Maximum Value of the Personal Property.
Purchase Price and Payment. 4.1 The Purchase Price for the Property shall be paid as follows -
4.1.1 the deposit shall be paid into the Trust Account no later than 3 (three) Business Days after the Signature Date; and
4.1.2 the balance of the Purchase Price shall be paid against Transfer, provided that the balance shall be secured by a bank guarantee made payable to the Trust Account on Transfer, which bank guarantee must be provided to the Conveyancer within 10 (ten) Business Days from being called upon to do so by the Conveyancer, provided that the Condition Precedent, if applicable, has been fulfilled or waived, as the case may be.
4.2 The Purchaser shall be released from its obligation to provide the bank guarantee referred to in clause 4.1.2 above by making payment of the balance of the Purchase Price into the Trust Account.
4.3 The Conveyancer is hereby irrevocably authorised and required to invest any cash amount received from the Purchaser in terms of this Agreement in an investment account as contemplated in Section 86(4) of the Legal Practice Act, with the interest accruing for the benefit of the Purchaser until Transfer whereupon the Conveyancer shall pay the balance of the Purchase Price to the Seller.
4.4 In the event that the Purchaser fails to make payment of the deposit in accordance with clause 4.1.1 above within 4 (four) months of the Signature Date, then without prejudice to any other rights that the Seller may have, the Purchase Price shall be increased by 12% (twelve percent) per annum, calculated daily and compounded monthly in arrears, from the expiry of the aforesaid 4 (four) month period until such time as the Purchaser has complied with his aforesaid obligations.
Purchase Price and Payment. The purchase price for the Purchased Assets (the "Purchase Price") shall be Two Million Five Hundred Thousand Dollars ($2,500,000), which shall be paid:
(a) $250,000 in immediately available funds at the Closing; and
(b) $2,250,000 in twelve equal quarterly principal installments of $187,500, plus accrued interest, with first payment being due on the first Business Day of the third month following the month in which the Closing occurs and with subsequent installments of principal and interest being payable on the first Business Day of each third month thereafter, until the entirety of the Purchase Price has been paid. The unpaid portion of the Purchase Price from time to time remaining unpaid shall bear interest at the rate of Six and One Half Percent (6.5%) per annum. Such interest as has accrued thereon up to the end of the month preceding the month in which each installment of the Purchase Price is required to be paid pursuant to Section 4.02(b) shall be paid at the time that such installment of the Purchase Price is required to be paid. The obligations of Teltronics to so pay the said balance of the Purchase Price and interest so accrued thereon shall be evidenced by a promissory note in the form set out in Exhibit I attached hereto (as the same may be re-issued from time to time as provided herein, the "Teltronics Note"), which Teltronics shall execute and deliver to Tri-Link at the Closing.
Purchase Price and Payment. The purchase price reflected in clause 3 of the Schedule is payable as follows:
5.1 The deposit is payable in cash or bank guaranteed cheque or via electronic transfer against signature hereof by the Seller.
5.2 The payment referred to in clause 5.1 above shall be paid to the Seller's Conveyancers and shall be held in trust by the Seller's Conveyancers and shall be paid to the Seller against transfer unless otherwise provided for herein. The said deposit shall be invested in a trust interest bearing account, which interest shall accrue to the Purchaser until registration of transfer. The Purchaser’s signature hereto constitutes the Purchaser’s written consent in terms of Section 78 (2A) of the Attorneys Act No. 53 of 1979, authorizing the Seller’s Conveyancers to invest all amounts paid on account of the purchase price in an interest bearing account. The Purchaser hereby irrevocably authorizes the Seller’s Conveyancers to appropriate the interest accrued on monies so invested in reduction of all amounts as may be owing by the Purchaser in terms of this Agreement.
5.3 In respect of the balance of the Purchase Price, the Purchaser shall:
5.3.1 In the event of the Purchaser not requiring a Mortgage Loan, furnish the Seller’s Conveyancers with either:
5.3.1.1 an irrevocable guarantee issued by a recognized commercial bank in a form acceptable to the Seller’s Conveyancers; or
5.3.1.2 a cash payment into the trust account of the Seller’s Conveyancers. within 14 (fourteen) days after the Signature Date or such extended period as the Seller may in its sole discretion allow.
5.3.2 In the event of the Purchaser requiring a Mortgage Loan in respect of any balance outstanding on the purchase price after having deducted the deposit and the amount of the Mortgage Loan from the purchase price, furnish the Seller’s Conveyancers with either:
5.3.2.1 an irrevocable guarantee issued by a recognized commercial bank in a form acceptable to the Seller’s Conveyancers; or
5.3.2.2 a cash payment into the trust account of the Seller’s Conveyancers. within 14 (fourteen) days after the Signature Date or such extended period as the Seller may in its sole discretion allow.
5.4 The guarantees referred to in this clause shall be issued by a registered South African Commercial Bank or other financial institution approved by the Seller in its absolute discretion for the balance of the purchase price. Withdrawal by a guarantor as aforesaid, for any reason whatsoever, shall constitute a brea...
Purchase Price and Payment. A. The purchase price is based on a per-acre easement compensation value of the Property multiplied by the number of acres. The Parties agree to adjust the purchase price to conform to the final acreage as determined by a survey procured by NRCS, or unless otherwise mutually agreed to by the Parties. Any adjustment of purchase price or acreage will be incorporated in the Warranty Easement Deed, and by its execution, at closing, shall constitute the Parties’ agreement to the adjustment.
B. Before the payment is issued, NRCS must determine that all Landowners meet the AGI limitations set forth in 7 CFR Part 1400. Landowners that are legal entities or general partnerships that meet the AGI limitations may have individual members of that legal entity or general partnership that do not meet the AGI limitations. While the deed document will reflect the purchase price as calculated and adjusted under paragraph A above, the amount actually paid at closing will be reduced by an amount commensurate with the percent ownership of any AGI-ineligible member of an otherwise AGI-eligible legal entity or general partnership.
C. NRCS will make a single payment unless Landowner identifies in this paragraph the number of annual installment payments requested. Landowner requests annual installment payments (not more than 10) and acknowledges that after the first installment payment, subsequent installment payments will be made after October 1 of each calendar year following the first installment payment. Landowners electing installment payments where the total easement purchase price is more than $500,000 may elect a minimum of 5 and a maximum of 10 installment payments. Payment will be made by the United States using electronic fund transfers (EFTs).
Purchase Price and Payment. 3.1 The purchase price of the property is the amount referred to as such in paragraph 4 of Part A.
3.2 The purchase price shall be payable by the Purchaser to the Seller in cash against registration of transfer of the property into the name of the Purchaser : Provided that the deposit shall be payable as set out in paragraph 4 of Part A.
3.3 For purposes of clause 3.2 –
3.3.1 the Purchaser shall within 10 (ten) days of being called upon to do so provide the transferring attorneys with a bank guarantee acceptable to them for payment of the balance of the purchase price (taking into account the deposit paid in terms of paragraph 4 of Part A) against registration of transfer of the property into the name of the Purchaser, which guarantee may be called for when the suspensive conditions referred to in clauses 2.1.1 and 2.1.2 have been fulfilled;
3.3.2 the transferring attorneys are hereby authorised to release the deposit to the Seller against registration of transfer.
3.4 Subject to any other provisions of this agreement, all amounts payable by the Purchaser to the Seller in terms of and arising from this agreement shall be made unconditionally and without deduction or set-off into the trust account of the transferring attorneys referred to in paragraph 10 of Part A.
3.5 The Purchaser may, instead of furnishing the guarantee referred to in clause 3.3.1, deposit into the trust account of the transferring attorneys the purchase price, which amount shall be released to the Seller against registration of transfer of the property into the name of the Purchaser.
3.6 Should the Purchaser deposit any portion of the purchase price into the trust account of the transferring attorneys as contemplated in clause 3.5 –
3.6.1 the Purchaser hereby authorizes the transferring attorneys to invest the sum so deposited in an interest-bearing account with any of Standard Bank of South Africa Limited, Absa Bank Limited, First National Bank or Investec Bank Limited in terms of section 86(4) of the Legal Practice Act, No 28 of 2014;
3.6.2 the interest accruing on the investment concerned until the transfer date shall be payable to the Purchaser immediately after the transfer date.
Purchase Price and Payment. 13.1 Diaxonhit shall pay the then applicable Purchase Price (as listed in Schedule 2, Part A) for all Products delivered to Diaxonhit during each Sales Year for use for commercial sale in accordance with Section 13.4.
13.2 No later than the 20th Working Day of each Quarter, Diaxonhit shall provide XDx with a quarterly report showing the Net Sales and Royalty due for the preceding Quarter (a “Royalty Report”). Such Royalty Reports shall contain Net Sales and Test quantities in the Territory, on a country-by-country basis, as well as the number of AlloMap plates purchased, used and average Tests per AlloMap plate, together with any and all currency conversion calculations used by Diaxonhit. XDx shall invoice Diaxonhit for the Royalty due. Provided that Diaxonhit receives XDx’s invoice by the end of the 15th Working Day of a calendar month then Diaxonhit shall pay that invoice by the end of that calendar month: if the invoice is received after the end of the 15th Working Day of a calendar month then Diaxonhit shall pay that invoice by the end of the following calendar month.
13.3 Diaxonhit shall keep, and shall cause its Affiliates and Sales Agents to keep, true, accurate and complete records pertaining to the performance of obligations under this Agreement, including gross sales of the Product (both in the aggregate and on a per Unit basis) and all other information necessary to determine the Net Sales Price, in sufficient detail to calculate all fees and the Royalty payable pursuant to this Agreement and to prepare all reports required hereunder.
13.4 Promptly after delivery thereof, XDx shall invoice Diaxonhit for the Purchase Price of each shipment of Product ordered by and delivered to Diaxonhit. Diaxonhit shall pay in full each such invoice within thirty (30) days of the end of the month in which it receives that invoice. If such payment is not made on the date due, then Diaxonhit shall pay interest to XDx calculated in accordance with the provisions of clause 27.9.
13.5 All payments made under this Agreement are calculated without regard to value added tax or any other Indirect Tax. If any such payment (together with any other Indirect Tax as applicable) constitutes for value added tax purposes the whole or any part of the consideration for a taxable or deemed taxable supply made by any Party (the supplier) the amount of that payment shall be increased by an amount equal to the amount of value added tax which is chargeable in respect of the taxable or ...
Purchase Price and Payment. Unless otherwise agreed in writing between the selling Investor Member and the Company, the price of Class A Investor Shares purchased and sold pursuant to this section 8.6 shall be ninety percent (90%) of the value of such Class A Investor Shares as determined by the Company in its reasonable discretion. The purchase price shall be paid by wire transfer or other immediately-available funds at closing, which shall be held within sixty (60) days following written notice from the Manager.
Purchase Price and Payment. Buyer will pay SolarEdge the price for Products specified in the Quotation (the “Purchase Price”) in accordance with the payment terms specified in the Quotation. Unless otherwise agreed in writing by XxxxxXxxx and Buyer, (i) all invoices issued by SolarEdge for Products purchased are due within thirty (30) days of delivery of Products; and (ii) all payments hereunder shall be made to SolarEdge in the currency denominated in the Quotation by wire transfer to the account or specified on the invoice.
Purchase Price and Payment. 2.1 The purchase price for the Aircraft will be [ ] (the “Purchase Price”). Purchaser agrees to pay the Purchase Price to [ ] within seven (7) days of execution of this Agreement, by Bank Transfer to: Bank Name: Bank Address: Account Name: Account Number: Sort Code: BIC: IBAN: Reference: Seller’s obligation to complete the sale and delivery of the Aircraft is subject to and conditioned upon the completion of the following transactions and acts by Purchaser on or before [ ] (“the Closing”). Purchaser shall make payment of the Purchase Price to Seller’s Agent’s Trust Fund Account in accordance with the provisions of this Agreement. Purchaser shall receive full legal and beneficial title to the Aircraft upon receipt by McLarens Aviation of the Purchase Price, and receipt by McLarens Aviation of:
i) copy of this Agreement duly executed by the Parties;
ii) Acceptance Certificate duly executed by the Purchaser; and
iii) Suitable Xxxx of Sale duly executed by the Seller. McLarens Aviation shall notify both Purchaser and Seller in writing that it has received the Purchase Price and a copy of this Agreement duly executed by the Parties.
2.2 Immediately following receipt by McLarens Aviation of a copy of this Agreement duly executed all risk of loss or damage to the Aircraft shall transfer from the Seller to the Purchaser notwithstanding the location of the Aircraft.
2.3 Subject to the terms of this Agreement title to the Aircraft shall, notwithstanding its location, transfer from Seller to Purchaser by the Seller delivering a duly executed Xxxx of Sale (in the form set out in Annex B hereto) and duly signed by the Seller.
2.4 Subject to the terms of this Agreement, once the Xxxx of Sale has been duly executed by Seller and handed over to McLarens Aviation, Seller shall be deemed to have fully performed any and all its obligations arising out of or in connection with this Agreement.
