Purchase Price Deposit definition

Purchase Price Deposit has the meaning set forth in Section 2.10(a).

Purchase Price Deposit shall have the meaning set forth in Section 2.3.

Purchase Price Deposit has the meaning set forth in

Examples of Purchase Price Deposit in a sentence

• The books of account of the Joint Venture shall be closed and the accounts of the Members stated at the end of each fiscal year.

• If there is a dispute as to the disposition of the Purchase Price, Deposit, Remaining Balance, or any closing documents, Closing Agent may interplead all parties and thereafter be freed from further liability to either or both parties.

• Notwithstanding any other provision of this Agreement, unless such information is otherwise publicly disclosed or, upon the advice of counsel, required by Applicable Law or by any Governmental Authority to be disclosed (including in any Tax Returns), the Purchaser shall not disclose the quantum of the Purchase Price, Deposit or allocation of the Purchase Price as set out in Schedule “C” to any Person without the prior written consent of the Vendor and the Monitor.

• Except as set forth in Section 11.1.1, if this Agreement shall be terminated pursuant to Section 5.4, the Purchase Price Deposit shall be delivered to Buyer within three (3) Business Days of such termination.

• If Sellers terminate this Agreement pursuant to Section 5.4.4, the Purchase Price Deposit shall be retained by Sellers as liquidated damages and not as a penalty.

More Definitions of Purchase Price Deposit

Purchase Price Deposit means the amount paid by Buyer to Seller pursuant to Section 2.3(a) of this Agreement, plus interest thereon, accrued on such amount at a rate of interest equal to 7% per annum from the date of each deposit of such amounts pursuant to Section 2.3 hereof until the Closing Date or until the date of return of such amounts to Buyer, as the case may be; provided that from and after the date of termination of this Agreement as a result of which Buyer becomes entitled to a return of the Purchase Price Deposit, the interest accruing thereon shall equal nine percent (9%) per annum; provided further however, that Seller shall have the right by delivering the Purchase Price Deposit (plus interest accrued thereon to the date of delivery) into an escrow to be established pursuant to an escrow agreement substantially similar to the Escrow Agreement attached hereto as Exhibit 2.3(b), in which event interest on the Purchase Price Deposit at the rates specified above shall cease to accrue and the amount in escrow (principal and interest) shall accrue interest in accordance with the terms and provisions of such escrow agreement and will be paid in accordance with the terms of this Agreement and such escrow agreement; and provided, further, that Seller and Buyer shall negotiate in good faith to establish any subsequent escrow agreement and, failing agreement,

Purchase Price Deposit if applicable, means such portion of the Policy Purchase Price agreed by the Seller and the Purchaser to be paid by the Purchaser to the Seller, or deposited into the Escrow Account, before the Settlement Date as a deposit on the purchase of each Policy, as set forth on the Confirmation.

Purchase Price Deposit is defined in Section 7.03(c).

Purchase Price Deposit means $500,000.

Purchase Price Deposit means the sum of $6,399,465.75 deposited by Purchaser in accordance with the terms of the Purchase Price Deposit Escrow Agreement being executed by the parties simultaneously herewith in the form and substance as is attached as Exhibit B.

Purchase Price Deposit means the sum of Ten Million Five Hundred Thousand ---------------------- Dollars ($10,500,000).

Purchase Price Deposit has the meaning set forth in Section 2.10(a). “Purchased Assets” has the meaning set forth in Section 2.1(a). “Purchased IP” has the meaning set forth in Section 2.1(a).