Purchase Price Clause Example with 6 Variations from Business Contracts
This page contains Purchase Price clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
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
Variations of a "Purchase Price" Clause from Business Contracts
Purchase Price. The purchase price for the Purchased Assets Property is Thirty-Six Eighteen Million Six Eight Hundred Fifty-Nine Thousand and 00/100 Dollars ($36,600,000.00) ($18,859,000.00) (the "Purchase Price"), payable by Buyer as follows: (a) Four Hundred Ten Thousand and 00/100 Dollars ($400,000.00) ($10,000.00) (the "Deposit") "Initial 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 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. 20-3793948. (b) Ten Thousand and 00/100 Dollars ($10,000.00) (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 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) by Buyer assuming the existing loan of Seller with Legacy Bank in the amount outstanding principal balance, accrued interest and late charges, if any, on the Closing Date and the balance of the Purchase Price in cash by wire transfer of immediately available federal funds. View More
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
Purchase Price. The purchase price for the Purchased Assets Property is Thirty-Six Ten Million Six Five Hundred Eighty-Eight Thousand Two Hundred Thirty-Five Dollars ($10,588,235.00) (the "Purchase Price"), payable by Buyer as follows: (a) Ten Thousand and 00/100 Dollars ($36,600,000.00) ($10,000.00) (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 Insurance 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. 20-1331221. (b) Ten Thousand and 00/100 Dollars ($10,000.00) (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 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
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
Purchase Price. The purchase price for the Purchased Assets Property is Thirty-Six Forty Million Six and 00/100 Dollars ($40,000,000.00) (the "Purchase Price"), payable by Buyer as follows: (a) Three Hundred Fifty 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) ($350,000.00) (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 respective Federal Tax I.D. Number is 20-2486274. Numbers are 90-0948759 and 80-0904279. (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. funds, or by certified check (or by plain check from the Title Company (as defined below)). (c) For the purposes of this Agreement, the Purchase Price shall be deemed to be allocated to the respective portions of the Property situated in the Commonwealth of Pennsylvania $14,200,000 and the State of Texas $25,800,000 (collectively, the "Allocated Values"). View More
Purchase Price. The purchase price for the Purchased Assets Property is Thirty-Six Forty-Six Million Six Five Hundred Thousand and 00/100 Dollars ($36,600,000.00) ($46,500,000.00) (the "Purchase Price"), payable by Buyer as follows: (a) Four Two Hundred Fifty Thousand and 00/100 Dollars ($400,000.00) ($250,000.00) (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 Federal Tax I.D. Number is 20-2486274. 38-3474766. (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. funds, or by certified check via the Title Company (as defined below)). (c) The parties acknowledge and agree that the Purchase Price may exceed the current fair market value (and true cash value) of the physical real estate comprising the Real Property. The Purchase Price specifically reflects the financial impact to Buyer of the income from the Master Lease referenced in Section 6(b). View More
