Purchase Price Contract Clauses (1,004)

Grouped Into 52 Collections of Similar Clauses From Business Contracts

This page contains Purchase Price clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Purchase Price. The purchase price of the shares of the Common Stock covered by the Option shall be $__________ per share.
Found in PSYCHEMEDICS CORP contract
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Purchase Price. The purchase price of for the shares of the Common Stock covered by the Option Restricted Shares shall be $__________ per share. Share. The aggregate purchase price ("Aggregate Purchase Price") for the Restricted Shares shall be $___________.
Found in Globe Photos, Inc. contract
Purchase Price. The aggregate purchase price of the shares of for the Common Stock covered by the Option is $________ (the "Purchase Price"). The Purchase Price shall be $__________ per share. paid as follows: a. $_________ shall be paid in cash or by wire transfer of immediately available funds to the Company's business bank account maintained at __________, account number ________.
Found in GJ Culture Group US, Inc. contract
Purchase Price. The purchase exercise price of each of the shares of the Common Stock covered by the Option shall be $__________ per share. $_________, representing the fair market value as of the date hereof.
Found in UFP TECHNOLOGIES INC contract
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Purchase Price. The Purchase Price for the Property is $3,000,000 (the "Purchase Price"). If all conditions precedent to Buyer's obligations to purchase have been satisfied, Buyer shall deposit the Purchase Price with the Closing Agent (as defined below) on or before the Closing Date.
Found in AEI INCOME & GROWTH FUND 24 LLC contract
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Purchase Price. The Purchase Price for the Property is $3,000,000 $3,225,000 (the "Purchase Price"). If all conditions precedent to Buyer's obligations to purchase have been satisfied, Buyer shall deposit the Purchase Price with the Closing Agent (as defined below) on or before the Closing Date.
Found in AEI INCOME & GROWTH FUND XXII LTD PARTNERSHIP contract
Purchase Price. The Purchase Price for the Property is $3,000,000 $2,667,360 (the "Purchase Price"). If all conditions precedent to Buyer's obligations to purchase have been satisfied, Buyer shall deposit the Purchase Price with the Closing Agent (as defined below) on or before the Closing Date.
Found in AEI INCOME & GROWTH FUND 24 LLC contract
Purchase Price. The Purchase Price for the Property is $3,000,000 $1,655,000 (the "Purchase Price"). If all conditions precedent to Buyer's obligations to purchase have been satisfied, Buyer shall deposit the Purchase Price with the Closing Agent (as defined below) on or before the Closing Date.
Found in AEI Income & Growth Fund 26 LLC contract
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Purchase Price. The purchase price of the Shares covered by the Option shall be per Share, subject to adjustment, as provided in the Plan, in the event of a stock split, reverse stock split or other events affecting the holders of Shares after the date hereof (the "Purchase Price"). Payment shall be made in accordance with Paragraph 8 of the Plan.
Found in American Well Corp contract
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Purchase Price. The per share purchase price of the Shares covered by the Option shall be per Share, as referenced as the "Grant Price" in the Grant Detail, subject to adjustment, as provided in the Plan, in the event of a stock split, reverse stock split or other events affecting the holders of Shares after the date hereof (the "Purchase Price"). Payment shall be made in accordance with Paragraph 8 10 of the Plan.
Found in IMMUNOGEN INC contract
Purchase Price. The purchase price of the Shares covered by the Option shall be per Share, the Purchase Price set forth on the cover page of this Agreement, subject to adjustment, as provided in the Plan, in the event of a stock split, reverse stock split or other events affecting the holders of Shares after the date hereof (the "Purchase Price"). Shares. Payment shall be made in accordance with Paragraph 8 Section 9 of the Plan.
Found in MADRIGAL PHARMACEUTICALS, INC. contract
Purchase Price. The purchase price of the Shares covered by the Option shall be per Share, Share (which is the fair market value of a Share on the date of grant), subject to adjustment, as provided in the Plan, in the event of a stock split, reverse stock split or other events affecting the holders of Shares after the date hereof (the "Purchase Price"). Payment shall be made in accordance with Paragraph 8 of the Plan.
Found in American Well Corp contract
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Purchase Price. The aggregate purchase price for the Notes and the Warrants to be purchased by the Investors at the Closing shall be $250,000 (the "Purchase Price"). At the Closing, the Investors shall fund the Purchase Price by wire transfer of immediately available funds to the account specified in writing by the Company prior to the date hereof.
Found in BIOLARGO, INC. contract
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Purchase Price. The aggregate purchase price for the Notes and the Warrants Securities to be purchased by the Investors Investor at the Closing shall be $250,000 $90,000 (the "Purchase Price"). At the Closing, the Investors Investor shall fund the Purchase Price by wire transfer of immediately available funds to the account specified in writing by the Company prior to the date hereof.
Found in MGT CAPITAL INVESTMENTS, INC. contract
Purchase Price. The aggregate purchase price for the Notes and the Warrants Units to be purchased by the Investors Investor at the Closing shall be $250,000 $374,999.90 (the "Purchase Price"). At the Closing, the Investors Investor shall fund the Purchase Price by wire transfer of immediately available funds to the account specified in writing by the Company prior to the date hereof.
Found in KonaRed Corp contract
Purchase Price. The aggregate purchase price for the Notes Note and the Warrants Warrant to be purchased by the Investors Investor at the Closing shall be $250,000 $270,000 (the "Purchase Price"). The Note will be issued with an original issue discount of 10%. At the Closing, the Investors Investor shall fund the Purchase Price by wire transfer of immediately available funds to the account specified in writing by the Company prior to the date hereof.
Found in MULTIMEDIA PLATFORMS INC. contract
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Purchase Price. The Purchase Price at which each share of Stock may be acquired in an Offering Period upon the exercise of all or any portion of a Purchase Right shall be established by the Committee; provided, however, that the Purchase Price on each Purchase Date shall not be less than eighty-five percent (85%) of the lesser of (a) the Fair Market Value of a share of Stock on the Offering Date of the Offering Period or (b) the Fair Market Value of a share of Stock on the Purchase Date. Subject to adjustment a...s provided by the Plan and unless otherwise provided by the Committee, the Purchase Price for each Offering Period shall be eighty-five percent (85%) of the lesser of (a) the Fair Market Value of a share of Stock on the Offering Date of the Offering Period or (b) the Fair Market Value of a share of Stock on the Purchase Date. View More
Found in IOVANCE BIOTHERAPEUTICS, INC. contract
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Purchase Price. The Purchase Price at which each share of Common Stock may be acquired in an Offering Period upon the exercise of all or any portion of a Purchase Right shall be established by the Committee; provided, however, that the Purchase Price on each Purchase Date shall not be less than eighty-five percent (85%) 85% of the lesser of (a) the Fair Market Value of a share of Common Stock on the Offering Date of the Offering Period or (b) the Fair Market Value of a share of Common Stock on the Purchase Date.... Subject to adjustment as provided by the Plan and unless otherwise provided by the Committee, the Purchase Price for each Offering Period shall be eighty-five percent (85%) of the lesser of (a) the Fair Market Value of a share of Stock on the Offering Date of the Offering Period or (b) the Fair Market Value of a share of Stock on the Purchase Date. View More
Found in Cibus Global, Ltd. contract
Purchase Price. The Purchase Price at which each share of Stock may be acquired in an Offering Period upon the exercise of all or any portion of a Purchase Right shall be established by the Committee; Board; provided, however, that the Purchase Price on each Purchase Date shall not be less than eighty-five percent (85%) of the lesser of (a) the Fair Market Value of a share of Stock on the Offering Date of the Offering Period or (b) the Fair Market Value of a share of Stock on the Purchase Date. Subject to adjus...tment as provided by the Plan and unless Unless otherwise provided by the Committee, Board prior to the commencement of an Offering Period, the Purchase Price for each that Offering Period shall be eighty-five percent (85%) of the lesser of (a) the Fair Market Value of a share of Stock on the Offering Date of the Offering Period or (b) the Fair Market Value of a share of Stock on the Purchase Date. View More
Found in Adobe contract
Purchase Price. The Purchase Price at which each share of Stock may be acquired in an Offering Period upon the exercise of all or any portion of a Purchase Right shall be established by the Committee; Board; provided, however, that the Purchase Price on each Purchase Date shall not be less than eighty-five percent (85%) of the lesser of (a) the Fair Market Value of a share of Stock on the Offering Date of the Offering Period or (b) the Fair Market Value of a share of Stock on the Purchase Date. Subject to adjus...tment as provided by the Plan and unless Unless otherwise provided by the Committee, Board prior to the commencement of an Offering Period, the Purchase Price for on each Purchase Date during that Offering Period shall be eighty-five percent (85%) of the lesser of (a) the Fair Market Value of a share of Stock on the Offering Date of the Offering Period Period, or (b) the Fair Market Value of a share of Stock on the Purchase Date. View More
Found in Finisar Corporation contract
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Purchase Price. The purchase price (the "Purchase Price") for the Property shall be the sum of Twenty Five Million Five Hundred Thousand and NO/100 Dollars ($25,500,000.00), subject to prorations and adjustments as set forth in this Agreement, and shall be paid by Purchaser to Seller at the Closing by wire transfer of immediately available funds to the "Escrow Agent" (as defined below) on the Closing Date in accordance with wire transfer instructions to be provided by the Escrow Agent.
Found in Strategic Storage Trust VI, Inc. contract
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Purchase Price. The purchase price (the "Purchase Price") for the Property shall be the sum of Twenty Five Million Five Hundred Thousand and NO/100 00/100 Dollars ($25,500,000.00), ($25,000,000.00), subject to prorations and adjustments as set forth in this Agreement, and shall be paid by Purchaser to Seller at the Closing by wire transfer of immediately available funds to the "Escrow Agent" (as defined below) on the Closing Date in accordance with wire transfer instructions to be provided by the Escrow Agent. View More
Found in Strategic Storage Trust VI, Inc. contract
Purchase Price. The purchase price (the "Purchase Price") for the Property shall be the sum of Twenty Five Eighteen Million Five Four Hundred Thousand and NO/100 no/100 Dollars ($25,500,000.00), ($18,400,000.00), subject to prorations and adjustments as set forth in this Agreement, and shall be paid by Purchaser to Seller at the Closing by wire transfer of immediately available funds to the "Escrow Agent" Escrow Agent on the "Closing Date" (as defined below) on the Closing Date in accordance with wire transfer ...instructions to be provided by the Escrow Agent. View More
Found in Strategic Storage Growth Trust, Inc. contract
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Purchase Price. The purchase price for the Purchased Assets is Thirty-Six Million Six Hundred Thousand and 00/100 Dollars ($36,600,000.00) (the "Purchase Price"), payable as follows: (a) Four Hundred Thousand and 00/100 Dollars ($400,000.00) (the "Deposit") by wire transfer payable to First American Title Insurance Company ("Escrow Agent"), which sum shall be delivered to Escrow Agent within three (3) business days following the Effective Date. The Deposit shall be held in an interest bearing, federally insured... account, by Escrow Agent in accordance with the Escrow Agreement attached hereto as Exhibit B (the "Escrow Agreement") and this Agreement pending consummation of this transaction. Any interest earned on the Deposit shall be paid to Buyer unless Seller shall be entitled to the Deposit by reason of a default by Buyer, in which case such interest shall be paid to Seller. Upon expiration of the Due Diligence Period, if Buyer has not terminated this Agreement as provided herein, the Deposit shall become nonrefundable except in the event of a Seller default. Buyer's 2 Federal Tax I.D. Number is 80-0941870; Seller's Federal Tax I.D. Number is 20-2486274. (b) The balance of the Purchase Price (the Purchase Price minus the Deposit), subject to adjustments pursuant to this Agreement, including, but not limited to, those adjustments set forth in Section 8 of this Agreement, shall be paid to Seller at Closing (as defined below) in cash by wire transfer of immediately available federal funds. View More
Found in Physicians Realty Trust contract
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Purchase Price. The purchase price for the Purchased Assets Property is Thirty-Six Seventeen Million Six Four Hundred Eighty-Six Thousand and 00/100 Dollars ($17,486,000.00) (the "Purchase Price"), payable by Buyer as follows: (a) One Hundred Thousand and 00/100 Dollars ($36,600,000.00) (the "Purchase Price"), payable as follows: (a) Four Hundred Thousand and 00/100 Dollars ($400,000.00) ($100,000.00) (the "Deposit") by wire transfer payable to First American Title Insurance Company ("Escrow Agent"), which sum ...shall be delivered to Escrow Agent within three (3) business days following the Effective Date. The Deposit shall be held in an interest bearing, federally insured account, by Escrow Agent in accordance with the Escrow Agreement attached hereto as Exhibit B "B" (the "Escrow Agreement") and this Agreement pending consummation of this transaction. Any interest earned on the Deposit shall be paid to Buyer unless Seller shall be entitled to the Deposit by reason of a default by Buyer, in which case such interest shall be paid to Seller. Upon expiration of the Due Diligence Period, if Buyer has not terminated this Agreement as provided herein, the Deposit shall become nonrefundable except in the event of a Seller default. Buyer's 2 Federal Tax I.D. Number is 80-0941870; Seller's Sellers' Federal Tax I.D. Number is 20-2486274. are 65-0291512 and 65-0128725. (b) At Closing, an amount equal to one hundred twenty-five percent (125%) of the estimated costs to complete the maintenance, repair and replacement items for the Property identified by Buyer during the Due Diligence Period (the "Work Deposit") shall be deposited in a separate, federally insured account, by Escrow Agent in accordance with the terms and conditions of a work, access and escrow agreement (the "Work Escrow Agreement") to be mutually agreed upon by Buyer and Seller during the Due Diligence Period, to ensure and pay for the completion of such maintenance, repair and replacement items. (c) The balance of the Purchase Price (the Purchase Price minus the Deposit and the Work Deposit), subject to adjustments pursuant to this Agreement, including, but not 2 limited to, those adjustments set forth in Section 8 of this Agreement, shall be paid to Seller at Closing (as defined below) in cash by wire transfer of immediately available federal funds. (d) The Purchase Price shall be allocated among each Property as set forth in Schedule 2(d) on or before the expiration of the Due Diligence Period and as mutually agreed by Buyer and Seller in their reasonable discretion. View More
Found in Physicians Realty Trust contract
Purchase Price. The purchase price for the Purchased Assets Property is Thirty-Six Thirty-Nine Million Six Sixty-Six Thousand Four Hundred Twenty-Seven and 67/100 Dollars ($39,066,427.67) (the "Purchase Price"), payable by Buyer as follows: (a) Two Hundred Fifty Thousand and 00/100 Dollars ($36,600,000.00) ($250,000.00) (the "Purchase Price"), payable as follows: (a) Four Hundred Thousand and 00/100 Dollars ($400,000.00) (the "Deposit") "Initial Deposit") by wire transfer payable to First American Title Insuran...ce Company ("Escrow Agent"), which sum shall be delivered to Escrow Agent within three (3) business days following the Effective Date. The Initial Deposit shall be held in an a segregated interest bearing, federally insured account, by Escrow Agent in accordance with the Escrow Agreement attached hereto as Exhibit B "B" (the "Escrow Agreement") and this Agreement pending consummation of this transaction. Any interest earned on the Deposit (as defined below) shall be paid to Buyer unless Seller shall be entitled to the Deposit by reason of a default by Buyer, in which case such interest shall be paid to Seller. Upon expiration of the Due Diligence Period, if Buyer has not terminated this Agreement as provided herein, the Deposit shall become nonrefundable except in the event of a Seller default. Buyer's 2 Federal Tax I.D. Number is 80-0941870; Seller's Federal Tax I.D. Number is 20-2486274. 31-1522091 (b) Two Hundred Fifty Thousand and 00/100 Dollars ($250,000.00) (the "Additional Deposit" and, collectively with the Initial Deposit, the "Deposit") by wire transfer to the Escrow Agent within three (3) business days following the satisfactory completion of the 2 Due Diligence Period. The Additional Deposit shall be held in the same manner and in accordance with the same conditions as the Initial Deposit pursuant to Section 2(a) hereinabove. Upon satisfactory completion of the Due Diligence Period, the Deposit shall become non-refundable, except in the case of a default by Seller, in which case the Deposit, together with interest thereon, shall be returned to Buyer. Except in the case of the payment of the Deposit to Seller at the Closing in accordance with the terms hereof, Escrow Agent shall not disburse any part of the Deposit without providing five (5) business days prior written notice of such disbursement to both Buyer and Seller. (c) The balance of the Purchase Price (the Purchase Price minus the Deposit), subject to adjustments pursuant to this Agreement, including, but not limited to, those adjustments set forth in Section 8 14 of this Agreement, shall be paid to Seller at Closing (as defined below) in cash by wire transfer of immediately available federal funds. View More
Found in Foundation Healthcare, Inc. contract
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Purchase Price. The Purchase Price per share at which a share of Common Stock will be sold in any Offering Period shall be eighty-five percent (85%) of the lesser of: (a) The Fair Market Value on the Offering Date; or (b) The Fair Market Value on the Purchase Date.
Found in Aeglea BioTherapeutics, Inc. contract
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Purchase Price. The Purchase Price per share at which a share of Common Stock will be sold in any Offering Period shall will be eighty-five percent (85%) of the lesser of: (a) The the Fair Market Value on the Offering Date; or (b) The the Fair Market Value on the Purchase Date.
Found in Morphic Holding, Inc. contract
Purchase Price. The Purchase Price per share at which a share of Common Stock will be sold in any Offering Period shall will be eighty-five percent (85%) of the lesser of: (a) The the Fair Market Value on the Offering Date; Date or (b) The the Fair Market Value on the Purchase Date.
Found in PELOTON INTERACTIVE, INC. contract
Purchase Price. The Purchase Price per share at which a share of Common Stock will be sold in any Offering Period shall will be eighty-five percent (85%) of the lesser of: (a) The the Fair Market Value on the Offering Date; Date or (b) The the Fair Market Value on the Purchase Date.
Found in Passage BIO, Inc. contract
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Purchase Price. The purchase price for the Shares shall be $0.20 per share of Common Stock, subject to adjustment pursuant to Section 8 (such price, as adjusted from time to time, is herein referred to as the "Exercise Price").
Found in Petrolia Energy Corp contract
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Purchase Price. The purchase price for the Shares shall be $0.20 $0.39 per share of Common Stock, subject to adjustment pursuant to Section 8 (such price, as adjusted from time to time, is herein referred to as the "Exercise Price").
Found in CAMBER ENERGY, INC. contract
Purchase Price. The purchase price for the Shares shall be $0.20 $0.077 per share of Common Stock, subject to adjustment pursuant to Section 8 (such price, as adjusted from time to time, is herein referred to as the "Exercise Price").
Found in Petrolia Energy Corp contract
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Purchase Price. 2.1 Purchase Price. Subject to the terms, conditions and provisions of this Agreement, Buyer shall pay the Purchase Price for the Property as hereinafter provided in this Section 2 (as increased or decreased by prorations and adjustments as herein provided). The Purchase Price is allocated among the Parcels as set forth on Schedule 1 attached hereto. 2.2 Deposit. No later than one (1) business day after the Effective Date, Buyer shall deliver to Escrow Holder the Deposit. The Deposit shall be de...posited by Escrow Holder in an interest-bearing account at a federally insured institution as Escrow Holder and Seller deem appropriate and consistent with the timing requirements of this Agreement. The interest thereon shall accrue to the benefit of the party receiving the Deposit pursuant to the terms of this Agreement, and Buyer and Seller hereby acknowledge that there may be penalties or interest forfeitures if the applicable instrument is redeemed prior to its specified maturity. The term "Deposit" hereunder shall include all interest so earned thereon. Buyer agrees to provide its Federal Tax Identification Number to Escrow Holder upon the Opening of Escrow. The Deposit shall be non-refundable except as otherwise provided in this Agreement. The Deposit together with interest accrued thereon shall be: (i) applied and credited toward payment of the Purchase Price at the Close of Escrow, or (ii) retained by Seller as permitted pursuant to Section 16.2, below, or (iii) returned to Buyer in all other instances if this Agreement is terminated for any reason other than as set forth in Section 16.2 below. -3- 2.3 Cash Balance. No later than 10:00 a.m. Pacific time on the Closing Date, Buyer shall deposit with Escrow Holder cash by means of a confirmed wire transfer through the Federal Reserve System or cashier's check in the amount of the balance of the Purchase Price, plus Buyer's share of expenses and prorations as described in this Agreement. 2.4 Independent Consideration. Concurrently with Buyer's delivery of the Deposit, Buyer shall deliver to Seller, by means of a wire transfer via Escrow, an amount equal to One Hundred and 00/100 Dollars ($100.00) as independent consideration for Seller's performance under this Agreement ("Independent Consideration"), which shall be retained by Seller in all instances. The Independent Consideration is independent of any other consideration provided hereunder, shall be deemed fully earned by Seller upon the Effective Date hereof, shall be promptly forwarded by Escrow Holder to Seller and is not refundable under any circumstances. View More
Found in City Office REIT, Inc. contract
Purchase Price. 2.1 Purchase Price. Subject to the terms, conditions and provisions of this Agreement, Buyer shall pay the Purchase Price for the Property as hereinafter provided in this Section 2. (as increased or decreased by prorations and adjustments as herein provided). The Purchase Price is allocated among the Parcels as set forth on Schedule 1 attached hereto. 2.2 Deposit. No later than one (1) business day after 2.2.1 Deposit. Prior to the Effective Date, Buyer shall deliver has delivered to Escrow Hold...er the Deposit. Deposit in Immediately Available Funds (as defined below). The Deposit shall be or has been deposited by Escrow Holder in an interest-bearing account at a federally insured institution as Escrow Holder and Seller deem appropriate and consistent with the timing requirements of this Agreement. The interest thereon shall accrue to the benefit of the party receiving the Deposit pursuant to the terms of this Agreement, and Buyer and Seller hereby acknowledge that there may be penalties or interest forfeitures if the applicable instrument is redeemed prior to its specified maturity. The term "Deposit" hereunder shall include all interest so earned thereon. Buyer agrees to provide its Federal Tax Identification Number to Escrow Holder upon the Opening opening of Escrow. The Concurrently with the execution of this Agreement, the Deposit shall be become non-refundable except as otherwise provided in this Agreement. The Deposit together with interest accrued thereon shall be: (i) applied and credited toward payment of the Purchase Price at the Close of Escrow, or (ii) retained by Seller as permitted liquidated damages pursuant to Section 16.2, 16.2 below, or (iii) returned to Buyer in all other instances if (a) this Agreement is terminated by Buyer, and the provisions of Sections 4.4 or 13 apply, or (b) this Agreement is terminated because of a breach by Seller. 2.2.2 Independent Consideration. Notwithstanding anything in this Agreement to the contrary, One Hundred Dollars ($100.00) of the Deposit (the "Independent Consideration") shall be paid to Seller and considered completely nonrefundable to Buyer in all events, it being the intent of the parties to recognize that such amount has been bargained for any reason other than and agreed to as set forth independent consideration for Buyer's exclusive right to purchase the Property pursuant to and in Section 16.2 below. accordance with this Agreement and for Seller's execution and delivery of this Agreement. -3- 2.3 Cash Balance. No later than 10:00 a.m. Pacific time on On or before one (1) business day prior to the Closing Date, Buyer shall deposit with Escrow Holder cash by means of a confirmed wire transfer through the Federal Reserve System or cashier's check ("Immediately Available Funds") in the amount of the balance of the Purchase Price, plus Buyer's share of expenses and prorations prorations, less any applicable credits, as described in this Agreement. 2.4 Independent Consideration. Concurrently with Buyer's delivery of the Deposit, Buyer shall deliver to Seller, by means of a wire transfer via Escrow, an amount equal to One Hundred and 00/100 Dollars ($100.00) as independent consideration for Seller's performance under this Agreement ("Independent Consideration"), which shall be retained by Seller in all instances. The Independent Consideration is independent of any other consideration provided hereunder, shall be deemed fully earned by Seller upon the Effective Date hereof, shall be promptly forwarded by Escrow Holder to Seller and is not refundable under any circumstances. View More
Found in FLEXSTEEL INDUSTRIES INC contract
Purchase Price. 2.1 Purchase Price. Subject to the terms, conditions and provisions of this Agreement, Buyer shall pay the Purchase Price for the Property as hereinafter provided in this Section 2 (as increased or decreased by prorations and adjustments as herein provided). The Purchase Price is allocated among the Parcels as set forth on Schedule 1 attached hereto. 2.2 Deposit. No later than one (1) 2.2.1 Initial Deposit. Within five (5) business day days after the Effective Date, Buyer shall deliver to Escrow... Holder the Initial Deposit. The Initial Deposit shall be deposited by Escrow Holder in an interest-bearing account at a federally insured institution as Escrow Holder Holder, Buyer and Seller reasonably deem appropriate and consistent with the timing requirements of this Agreement. The interest thereon shall accrue to the benefit of the party receiving the Deposit pursuant to the terms of this Agreement, and Buyer and Seller hereby acknowledge that there may be penalties or interest forfeitures if the applicable instrument is redeemed prior to its specified maturity. The term "Deposit" hereunder shall include all interest so earned thereon. Buyer agrees to provide its Federal Tax Identification Number to Escrow Holder upon the Opening "Opening of Escrow. The Escrow," as that term is defined in Section 3.1, below. Concurrently with the expiration of the "Property Approval Period" and provided Buyer has delivered "Buyer's Approval Notice (as those terms are defined in Sections 4.1.2 and 4.1.4, -4- Kilroy Realty, L.P. - Purchase Agreement Santa Fe Summit CONFIDENTIAL TREATMENT REQUESTED BY INTUIT INC. respectively, below, the Initial Deposit shall be become non-refundable except as otherwise provided in this Agreement. The If prior to the expiration of the Property Approval Period Buyer has failed to deliver Buyer's Approval Notice, this Agreement shall be automatically terminated and the Initial Deposit (less the Independent Consideration), together with all interest accrued thereon, less one-half ( 1⁄2) of any escrow cancellation fees in accordance with Section 4.4 below, shall be returned to Buyer. If this Agreement has not been so terminated, then, after the Contingency Date, the Initial Deposit (less the Independent Consideration) together with interest accrued thereon shall be: (i) applied and credited toward payment of the Purchase Price at the Close of Escrow, or (ii) retained by Seller as permitted liquidated damages pursuant to Section 16.2, below, or (iii) returned to Buyer in all other instances if (A) this Agreement is terminated, and the provisions of Sections 4.4 or 13 apply, or (B) this Agreement is terminated because of a breach by Seller. 2.2.2 Additional Deposit. Within five (5) business days after Buyer's delivery of Buyer's Approval Notice to Seller, Buyer shall deliver to Escrow Holder the Additional Deposit (the Additional Deposit, together with the Initial Deposit, shall be hereafter referred to as the "Deposit"). Upon receipt by Escrow Holder, the Additional Deposit shall become non-refundable except as otherwise provided in this Agreement. The failure of Buyer to timely deliver any portion of the Deposit hereunder shall be deemed a material default, and shall entitle Seller, at Seller's sole option, to terminate this Agreement immediately as its sole and exclusive remedy for such default hereunder, at law and in equity, in which case Escrow Holder shall promptly return to Buyer any reason other than portion of the Deposit previously delivered by Buyer. The Additional Deposit together with interest accrued thereon shall be (i) applied and credited toward payment of the Purchase Price at the Close of Escrow, or (ii) retained by Seller as set forth in liquidated damages pursuant to Section 16.2 below. -3- 16.2, below, or (iii) returned to Buyer if (A) this Agreement is terminated and the provisions of Sections 4.4 or 13 apply, or (B) this Agreement is terminated because of a breach by Seller. 2.3 Cash Balance. No later than On or before 10:00 a.m. Pacific time (Pacific Time) on the Closing Date, Buyer shall deposit with Escrow Holder cash by means of a confirmed wire transfer through the Federal Reserve System or cashier's check in the amount of the balance of the Purchase Price, plus Buyer's share of expenses and prorations as described in this Agreement. 2.4 Independent Consideration. Concurrently with Buyer's delivery The Initial Deposit includes the amount of the Deposit, Buyer shall deliver to Seller, by means of a wire transfer via Escrow, an amount equal to One Hundred and 00/100 Dollars ($100.00) as independent consideration for Seller's performance under this Agreement ("Independent Consideration"), which shall be retained by Seller in all instances. addition to the Deposit and the Purchase Price. The Independent Consideration is independent of any other consideration provided hereunder, shall be deemed fully earned by Seller upon the Effective Date hereof, shall be promptly forwarded by Escrow Holder to Seller and is not refundable under any circumstances. View More
Found in Intuit contract
Purchase Price. 2.1 Purchase Price. Subject to the terms, conditions and provisions of this Agreement, Buyer shall pay the Purchase Price for the Property as hereinafter provided in this Section 2 (as increased or decreased by prorations and adjustments as herein provided). The Purchase Price is allocated among the Parcels as set forth on Schedule 1 attached hereto. 2.2 Deposit. No later than 2.2.1 Initial Deposit. Within one (1) business day after following the Effective Date, "Opening of Escrow," as that term... is defined in Section 3.1, below, Buyer shall deliver to Escrow Holder the Initial Deposit. The Initial Deposit shall be deposited by Escrow Holder in an interest-bearing account at a federally insured institution as Escrow Holder Holder, Seller and Seller Buyer deem appropriate and consistent with the timing requirements of this Agreement. The interest thereon shall accrue to the benefit of the party receiving the Deposit pursuant to the terms of this Agreement, and Buyer and Seller hereby acknowledge that there may be penalties or interest forfeitures if the applicable instrument is redeemed prior to its specified maturity. The term "Deposit" hereunder shall include all interest so earned thereon. Buyer agrees to provide its Federal Tax Identification Number to Escrow Holder upon the Opening of Escrow. The Provided that Buyer has affirmatively elected to proceed beyond the "Property Approval Period," as that term is defined in Section 4.1.2, below) pursuant to Section 4.1.4, below, then upon the expiration of the Property Approval Period, the Initial Deposit shall be become non-refundable except as otherwise provided in this Agreement. The If prior to the expiration of the Property Approval Period Buyer delivers a Termination Notice or otherwise fails to deliver Buyer's Notice to Proceed, then this Agreement shall be automatically terminated and the Initial Deposit, together with all interest accrued thereon, shall be returned to Buyer. If this Agreement has not been so terminated, then, after the expiration of the Property Approval Period, the Initial Deposit together with interest accrued thereon shall be: (i) applied and credited toward payment of the Purchase Price at the Close of Escrow, or (ii) retained by Seller as permitted liquidated damages pursuant to Section 16.2, below, or (iii) returned to Buyer in all other instances if (A) this Agreement is terminated, and the provisions of Sections 4.4 or 13 apply, (B) this Agreement is terminated for because of a breach by Seller, or (C) any reason other than as provision of this Agreement expressly provides that Buyer is entitled to a return of the Deposit. 2.2.2 Additional Deposit. Provided that Buyer has not delivered a Termination Notice and has delivered the Buyer's Notice to Proceed prior to the expiration of the Property Approval Period, Buyer shall deliver to Escrow Holder the Additional Deposit on or before expiration of such Property Approval Period (the Additional Deposit, together with the Initial Deposit and any "Extension Deposit" (as set forth in Section 16.2 below. -3- 3.2.1, below), shall be hereafter referred to as the "Deposit"). Upon receipt by Escrow Holder, the Additional Deposit shall become non-refundable except as otherwise provided in this Agreement. The Additional Deposit (and Extension Deposit, if applicable) together with interest accrued thereon shall be (i) applied and credited toward payment of the Purchase Price at the Close of Escrow, or (ii) retained by Seller as liquidated damages pursuant to Section 16.2, below, or (iii) returned to Buyer if (A) this Agreement is terminated and the provisions of Sections 4.4 or 13 apply, (B) this Agreement is terminated because of a breach by Seller, or (C) any other provision of this Agreement expressly provides that Buyer is entitled to a return of the Deposit. 2.3 Cash Balance. No later than Prior to 10:00 a.m. Pacific time (Pacific time) on the Closing Date, Buyer shall deposit with Escrow Holder cash by means of a confirmed wire transfer through the Federal Reserve System or cashier's check in the amount of the balance of the Purchase Price, plus or minus Buyer's share of expenses and prorations as described in this Agreement. 2.4 Independent Consideration. Concurrently with Buyer's delivery execution of the Deposit, this Agreement, Buyer shall deliver to Seller, by means of a wire transfer via Escrow, an amount equal to One Hundred and 00/100 No/100 Dollars ($100.00) as independent consideration for Seller's performance under this Agreement ("Independent Consideration"), which shall be retained by Seller in all instances. addition to the Deposit and the Purchase Price. The Independent Consideration is independent of any other consideration provided hereunder, shall be deemed fully earned by Seller upon the Effective Date hereof, shall be promptly forwarded by Escrow Holder to Seller and is not refundable under any circumstances. View More
Found in City Office REIT, Inc. contract
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