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 total purchase price for the Shares shall be set forth on the Purchaser's signature page. Upon the execution and delivery of this Agreement, the purchase price shall be delivered by the Purchaser to the Company and the certificates for the Shares shall be delivered by the Company or the Company's Transfer Agent to the Purchaser as soon as reasonably practicable.
Purchase Price. The total purchase price for the Shares per Share shall be set forth on the Purchaser's signature page. $2.00. Upon the execution and delivery of this Agreement, the purchase price shall be delivered by the Purchaser to the Company and the certificates for the Shares shall be delivered by the Company or the Company's Transfer Agent to the Purchaser as soon as reasonably practicable.
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Purchase Price. Payment of Purchase Price. The purchase price to be paid by Purchaser to Seller for the Property is Eight Million Seven Hundred Thousand and NO/100 Dollars ($8,700,000.00) (the "Purchase Price") and shall be paid at Closing in Acceptable Funds as follows: $100,000.00 The Deposit, in escrow at the time of the Closing. $8,600,000.00 Approximately, subject to proration and adjustments as provided in this Agreement. $8,700,000.00 Total Purchase Price.
Purchase Price. Payment of Purchase Price. The purchase price to be paid by Purchaser to Seller for the Property is Eight Five Million Seven Hundred Thousand and NO/100 Dollars ($8,700,000.00) ($5,700,000.00) (the "Purchase Price") and shall be paid at Closing in Acceptable Funds as follows: $100,000.00 The Deposit, in escrow at the time of the Closing. $8,600,000.00 $5,600,000.00 Approximately, subject to proration and adjustments as provided in this Agreement. $8,700,000.00 Total $5,700,000.00 Purchase Price.... View More
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Purchase Price. The purchase price for the Property payable to Seller by Purchaser (including the Earnest Money) is Three Million and No/100 Dollars (U.S.$3,000,000.00) (the "Purchase Price"), which shall be paid in cash at closing and all of which shall be allocated to the Real Property and Improvements.
Purchase Price. The purchase price for the Property payable to Seller by Purchaser (including the Earnest Money) is Three Six Million and No/100 Dollars (U.S.$3,000,000.00) (U.S.$6,000,000.00) (the "Purchase Price"), which shall be paid in cash at closing and all of which shall be allocated to the Real Property and Improvements.
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Purchase Price. 2.1 The purchase price to be paid by Purchaser to Seller for the Property (the "Purchase Price") is TWENTY-THREE MILLION FIVE HUNDRED THOUSAND AND NO/100 DOLLARS ($23,500,000.00), subject to adjustment as otherwise provided under this Agreement. 2.2 Intentionally Omitted. 2.3 At the Closing, Escrow Agent shall disburse the Purchase Price apportioned, adjusted and prorated to reflect closing costs, prorations and other adjustments made pursuant to Article 7 to Seller as Seller may direct, in acco...rdance with the Closing Statement (as hereinafter defined). 2.4 Seller and Purchaser mutually agree that one hundred percent (100%) of the Purchase Price is attributable to the real property. View More
Purchase Price. 2.1 The purchase price to be paid by Purchaser to Seller for the Property Properties (the "Purchase Price") is TWENTY-THREE ONE HUNDRED FIFTY MILLION FIVE HUNDRED THOUSAND AND NO/100 DOLLARS ($23,500,000.00), ($150,000,000.00), subject to adjustment toadjustment as otherwise provided under this Agreement. 2.2 Intentionally Omitted. 2.3 At the Closing, Escrow Agent shall disburse the Purchase Price apportioned, adjusted and prorated to reflect closing costs, prorations and other adjustments made ...pursuant to Article 7 to Seller as Seller may direct, in accordance with the Closing Statement (as hereinafter defined). 2.4 Seller and Purchaser mutually agree that one hundred percent (100%) have agreed upon the allocation of the Purchase Price is attributable to Price, before any adjustments as provided in this Agreement, among the real property. individual Properties as set forth on Schedule I attached hereto. View More
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Purchase Price. The price per share to be paid by the Optionee for the shares purchased pursuant to these Stock Options (the "Exercise Price") shall be as specified in the Notice of Grant. This Exercise Price shall be an amount not less than the Fair Market Value of a share of Common Stock as of the Date of Grant (as defined in the Plan and specified in the Notice of Grant).
Purchase Price. The price per share to be paid by the Optionee Employee for the shares purchased pursuant to these Stock Options (the "Exercise Price") shall be as specified in the Notice of Grant. This Exercise Price shall be an amount not less than the Fair Market Value of a share of Common Stock as of the Date of Grant (as defined in the Plan and specified in the Notice of Grant). Grant), or not less than 110% of the Fair Market Value of a share of Common Stock if the Stock Options are Incentive Stock Option...s and Employee is a 10-percent shareholder described in Section 5.3.2 of the 2012 Equity Incentive Plan). View More
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Purchase Price. The Purchase Price of the Property ("Purchase Price") is One Hundred Million and 00/100ths Dollars ($100,000,000.00) United States currency,, based on the Estimated Planted Acres and Estimated Plantable Acres, each to be verified by survey as provided below; provided, however, if following such verification it is determined that there is a variance of no more than thirty (30) acres from the aggregate total of 3,028 acres of Estimated Planted Acres and Estimated Plantable Acres as set forth in Re...cital B, above, then there shall be no adjustment to the Purchase Price; provided further, however, to the extent of a determined variance in excess of thirty (30) acres, Seller and Buyer shall meet and confer in good faith in an attempt to make an equitable adjustment to the Purchase Price based upon the determined variance, which adjustment shall be documented in an amendment to this Agreement on or before the expiration of the Due Diligence Period. Seller and Buyer hereby agree that the portion of the Purchase Price allocated to the purchase of the 425 shares of The Pioneer Water Company water stock shall total $8,500,000.00 (i.e., $20,000.00 per share); otherwise, Seller may allocate the Purchase Price to the various components of the Property as it shall reasonable determine for its own purpose and Buyer shall have no liability therefore. The Purchase Price shall be payable as follows: (a) Notwithstanding any term or provision of this Agreement, Buyer hereby delivers to Seller an amount equal to One Hundred 00/100ths Dollars ($100.00) from the Initial Deposit (as hereinafter defined) (the "Independent Consideration") as independent consideration to Seller for having entered into this Agreement at any time subsequent to execution hereof. The Independent Consideration shall be nonrefundable if Close of Escrow does not occur for any reason, and to the extent that this Agreement requires any funds to be refunded to Buyer, any amount so refunded shall not include the Independent Consideration. (b) Within seven (7) business days following the Effective Date, Buyer shall deposit with Escrow Holder the sum of Three Million and 00/100ths Dollars ($3,000,000.00) United States currency, (together with any and all interest thereon, the "Deposit"), in cash, by cashier's check or wire transfer of immediately available good funds. Upon receipt of the Deposit, Escrow Holder will immediately deposit it into an interest bearing account at a commercial bank reasonably designated by Buyer and Seller, in trust for Escrow Holder, with interest to accrue for the benefit of the parties entitled to such Deposit. The Deposit will be paid to Seller as a part of the Purchase Price at the Closing or as liquidated damages in the event of Buyer's default under this Agreement as provided below. Buyer shall have the right to receive a return of the Deposit (less the Independent Consideration) if any of the following shall occur: (i) Seller shall be in default under this Agreement (without prejudice to Buyer's right to pursue any and all remedies at law and in equity); (ii) Buyer makes a timely election to withdraw as a result of Seller's refusal to remove an Objectionable Exception as provided in Section 6.4 below; (iii) Buyer makes a timely election to terminate before the end of the Due Diligence Period as set forth in Section 7.2 below; or (iv) the failure of one or more conditions precedent to Buyer's obligation to perform by the time indicated as provided in Section 7.1(i) below. (c) The balance of the Purchase Price (the "Balance"), subject to adjustment as provided above, shall be deposited into Escrow prior to the Closing Date, and paid to Seller in cash, by cashier's check or wire transfer of immediately available good funds, at the Close of Escrow. View More
Purchase Price. The Purchase Price of the Property ("Purchase Price") is One Twenty Million Five Hundred Million Ninety Three Thousand and 00/100ths Dollars ($100,000,000.00) United States currency,, ($20,593,000.00), such Purchase Price being approximately Forty One Thousand, Eighty Seven and 00/100th Dollars ($41,087.00) per net plantable acre based on the Estimated Planted Acres five hundred one and Estimated Plantable Acres, each 2/10ths (501.2) 3 plantable acres, to be verified by survey as provided below;... provided, however, below. The Purchase Price shall be adjusted upward or downward to reflect the actual net plantable acres on the Land if following such verification it is determined that there is a variance the actual net plantable acres of no the Land, together with the net plantable acres of the property of the Concurrent Escrows, as defined below, vary from the total of the foregoing estimate plus the estimates set forth in the Purchase and Sale Agreement and Joint Escrow Instructions for the Concurrent Escrows by more than thirty (30) 1.0% as determined by an ALTA Survey. Buyer shall consult with Seller as to the parameters for determination of the net plantable acres from by ALTA survey (for example, how the aggregate total of 3,028 acres of Estimated Planted Acres and Estimated Plantable Acres canopy will be surveyed for plantable acres), but shall not be bound by the Seller's recommendations provided that reasonable parameters for the commodity type are utilized. Subject to adjustment as set forth in Recital B, above, then there shall be no adjustment to the Purchase Price; provided further, however, to the extent of a determined variance in excess of thirty (30) acres, Seller and Buyer shall meet and confer in good faith in an attempt to make an equitable adjustment to the Purchase Price based upon the determined variance, which adjustment shall be documented in an amendment to this Agreement on or before allocated as follows: (i) Ten Million Five Hundred Twenty Eight Thousand and 00/100ths Dollars ($10,528,000.00) for the expiration of Tulare Property (the "Tulare Purchase Price") and (ii) Ten Million Sixty Five Thousand and 00/100ths Dollars ($10,065,000.00) for the Due Diligence Period. Seller and Buyer hereby agree that the portion of the Merced Property (the "Merced Purchase Price allocated to the purchase of the 425 shares of The Pioneer Water Company water stock shall total $8,500,000.00 (i.e., $20,000.00 per share); otherwise, Seller may allocate the Purchase Price to the various components of the Property as it shall reasonable determine for its own purpose and Buyer shall have no liability therefore. Price") The Purchase Price shall be payable as follows: (a) Notwithstanding (a)Notwithstanding any term or provision of this Agreement, Buyer hereby delivers to Seller an amount equal to One Hundred 00/100ths Dollars ($100.00) from the Initial Deposit (as hereinafter defined) (the "Independent Consideration") as independent consideration to Seller for having entered into this Agreement at any time subsequent to execution hereof. The Independent Consideration shall be nonrefundable if Close of Escrow does not occur for any reason, reason related to a Buyer default or termination under this Agreement, or due to a failure of a Buyer condition under Section 7.1, and to the extent that this Agreement requires any funds to be refunded to Buyer, any amount so refunded shall not include the Independent Consideration. (b) Within seven (7) Consideration; provided, however, that the Independent Consideration shall be refunded to Buyer from Seller, as part of Buyer's damages, in the event of a Seller default under this Agreement. (b)Within three (3) business days following the Effective Date, Buyer shall deposit with Escrow Holder the sum of Three Million Five Hundred Thousand and 00/100ths Dollars ($3,000,000.00) United States currency, ($500,000.00) (together with any and all interest thereon, the "Deposit"), in cash, by cashier's check or wire transfer of immediately available good funds. Upon receipt of the Deposit, Escrow Holder will immediately deposit it into an interest bearing account at a commercial bank reasonably designated by Buyer and Seller, Buyer, in trust for Escrow Holder, with interest to accrue for the benefit of the parties entitled to such Deposit. Buyer's benefit. The Deposit will be paid to Seller as a part of the Purchase Price at the Closing or as liquidated damages in the event of Buyer's default under this Agreement as provided below. Buyer shall have the right to receive a return of the Deposit (less the Independent Consideration) if any of the following shall occur: (i) Seller shall be in default under this Agreement (without prejudice to Buyer's right to pursue any and all remedies at law and in equity); Agreement; (ii) Buyer makes a timely election to withdraw as a result of Seller's refusal to remove an Objectionable Exception as provided in Section 6.4 6.3 below; (iii) Buyer makes a timely election to terminate withdraw before the end of the Due Diligence Period as set forth in Section 7.2 below; or (iv) the failure of one or more conditions precedent to Buyer's obligation to perform by the time indicated date indicated, as provided in Section 7.1(i) Sections 7.1 below. (c) The 4 (c)The balance of the Purchase Price (the "Balance"), subject to adjustment as provided above, shall be deposited into Escrow prior to the Closing Date, and paid to Seller in cash, by cashier's check or wire transfer of immediately available good funds, at the Close of Escrow. View More
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Purchase Price. The price at which Optionee shall be entitled to purchase the Stock covered by the Option shall be $0.365 per share, which is the closing price of the Company's common stock on the Over The Counter Bulletin Board on April 7, 2017. the Board has determined to be the Fair Market Value (as defined herein) as of the Grant Date, which is the "Fair Market Value in accordance with the requirements set forth in Treasury Regulation Section 1.409A-1(b)(5)(iv)(B) or any successor provision thereof. 2 4. Te...rm of Option. The Option granted under this Agreement shall expire, unless otherwise exercised, ten (10) years from the Grant Date ("Expiration Date"), subject to earlier termination as provided in paragraph 8 hereof. View More
Purchase Price. The price at which Optionee shall be entitled to purchase the Stock covered by the Option shall be $0.365 $0.38 per share, which is the closing price of the Company's common stock on the Over The Counter Bulletin Board on April 7, March 15, 2017. the Board has determined to be the Fair Market Value (as defined herein) as of the Grant Date, which is the "Fair Market Value in accordance with the requirements set forth in Treasury Regulation Section 1.409A-1(b)(5)(iv)(B) or any successor provision ...thereof. 2 3 4. Term of Option. The Option granted under this Agreement shall expire, unless otherwise exercised, ten (10) years from the Grant Date ("Expiration Date"), subject to earlier termination as provided in paragraph 8 hereof. View More
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Purchase Price. The aggregate purchase price for the Property (the "Purchase Price") shall be Forty Nine Million Five Hundred Thousand and No/100 Dollars ($49,500,000.00). The portion of the Purchase Price allocated to the OCOM South Property shall be Forty-Four Million Four Hundred Thousand and No/100 Dollars ($44,400,000) (the "OCOM South Purchase Price"), and the portion of the Purchase Price allocated to the OCOM North Property shall be Five Million One Hundred Thousand and No/100 Dollars ($5,100,000) (the ..."OCOM North Purchase Price"). The Purchase Price, subject to the terms and conditions hereinafter set forth, shall be paid to Sellers by Buyer as follows: 2.1 Deposit. Within two (2) Business Days following the mutual execution and delivery of this Agreement by Buyer and Sellers, Buyer shall deliver to Escrow Agent a deposit in the amount of Three Hundred Fifty Thousand and No/100 Dollars ($350,000.00) (together with any interest thereon, the "Initial Deposit"). If Buyer does not terminate this Agreement pursuant to Section 3.2 on or before the expiration of the Inspection Period, Buyer shall deliver to Escrow Agent an additional deposit in the amount of Three Hundred Fifty Thousand and No/100 Dollars ($350,000.00) (together with any interest thereon, the "Additional Deposit") within two (2) Business Days following the expiration of the Inspection Period. The Initial Deposit and the Additional Deposit shall be referred to herein collectively as the "Deposit." The Deposit shall be delivered to Escrow Agent in immediately available funds, to be held in escrow and delivered in accordance with this Agreement at the following address: American Eagle Title Insurance Company, 421 NW 13th Street, Suite 320, Oklahoma City OK 73103, attention: Mr. Eric Offen, telephone (405) 232-6700, e-mail: eoffen@ameagletitle.com. 2.2 Payment at Closing. At the consummation of the transaction contemplated hereby (the "Closing"), Buyer shall deliver to Escrow Agent cash or immediately available funds in an amount equal to the Purchase Price, less the Deposit. The Purchase Price, subject to adjustments and apportionments as set forth herein, shall be paid at Closing by wire transfer of immediately available federal funds, transferred to the order or account of Sellers or such other person as Sellers may designate in writing, subject to the terms of the Post-Closing Escrow Agreement (as defined in Section 6.4, below). The delivery and recording of documents and the disbursement of funds shall be effectuated through the Escrow Agent at the Closing and pursuant to the closing instructions from the parties hereto, which closing instructions shall not modify or diminish the parties' respective obligations hereunder. 3 2.3 Independent Consideration. Sellers and Buyer acknowledge and agree that One Hundred Dollars ($100.00) of the Deposit shall be paid to Sellers if this Agreement is terminated for any reason (the "Independent Contract Consideration"), in addition to any other rights Sellers may have hereunder. Moreover, Sellers and Buyer acknowledge and agree that the Independent Contract Consideration has been bargained for and agreed to as additional consideration for Sellers' execution and delivery of this Agreement and is non-refundable to Buyer. View More
Purchase Price. The aggregate purchase price for the Property (the "Purchase Price") shall be Forty Nine Million Five Hundred Thousand FORTY SEVEN MILLION NINE HUNDRED THOUSAND and No/100 00/100 Dollars ($49,500,000.00). The portion of the Purchase Price allocated to the OCOM South Property shall be Forty-Four Million Four Hundred Thousand and No/100 Dollars ($44,400,000) (the "OCOM South Purchase Price"), and the portion of the Purchase Price allocated to the OCOM North Property shall be Five Million One Hundr...ed Thousand and No/100 Dollars ($5,100,000) (the "OCOM North Purchase Price"). The Purchase Price, ($47,900,000.00), which, subject to the terms and conditions hereinafter set forth, shall be paid to Sellers Seller by Buyer as follows: 2.1 Initial Deposit. Within two (2) Business Days business days following the mutual execution and delivery Effective Date of this Agreement by Buyer and Sellers, Agreement, Buyer shall deliver to Escrow Agent a deposit in the amount of Three Hundred Fifty Thousand and No/100 Dollars ($350,000.00) (together with any interest thereon, the "Initial Deposit"). If Buyer does not terminate this Agreement pursuant to Section 3.2 on or before the expiration of the Inspection Period, Buyer shall deliver to Escrow Agent an additional deposit in the amount of Three Hundred Fifty Thousand and No/100 Dollars ($350,000.00) (together with any interest thereon, the "Additional Deposit") within two (2) Business Days following the expiration of the Inspection Period. The Initial Deposit and the Additional Deposit shall be referred to herein collectively as the "Deposit." The Deposit shall be delivered to Escrow Agent Agent, in immediately available funds, to be held in escrow in a federally insured interest bearing account in the name of Buyer with a financial institution approved by Seller and Buyer, a cash deposit in the amount of TWO HUNDRED THOUSAND and 00/100 Dollars ($200,000.00) (together with any interest earned thereon, the "Initial Deposit") as security for the performance of Buyer's obligations under this Agreement. 2.2 Additional Deposit. Unless Buyer terminates this Agreement during the Inspection Period (hereinafter defined), Buyer shall, within two (2) business days following the expiration of the Inspection Period, deliver to Escrow Agent, in immediately available funds, to be held in escrow in the same account as the Initial Deposit, an additional cash deposit in the amount of EIGHT HUNDRED THOUSAND and 00/100 Dollars ($800,000.00) (together with any interest earned thereon, the "Additional Deposit") as further security for the performance of Buyer's obligations under this Agreement. The Initial Deposit and the Additional Deposit, after the Additional Deposit is delivered to Escrow Agent, are referred to herein as the "Deposit." The Additional Deposit may be made by delivering to Seller a letter of credit in the amount of the Additional Deposit so long as such letter of credit satisfies the requirements on Exhibit C attached hereto in all material respects. 2.3 Failure to Make Deposit. Any failure of the Buyer to timely deliver the Initial Deposit or the Additional Deposit in accordance with the provisions of Sections 2.1 and 2.2 shall entitle Seller to terminate this Agreement at any time by giving written notice to Buyer at any time before the following address: American Eagle Title Insurance Company, 421 NW 13th Street, Suite 320, Oklahoma City OK 73103, attention: Mr. Eric Offen, telephone (405) 232-6700, e-mail: eoffen@ameagletitle.com. 2.2 applicable Deposit is actually made. Time is of the essence with respect to the delivery of the Deposit. 2 2.4 Independent Contract Consideration. Seller and Buyer hereby acknowledge and agree that One Hundred and No/100 Dollars ($100.00) of the Deposit shall be deemed the amount that has been bargained for and agreed to as consideration for the Inspection Period. 2.5 Payment at Closing. At the consummation of the transaction contemplated hereby (the "Closing"), Buyer shall deliver to Escrow Agent cash or immediately available funds in an amount equal to the Purchase Price, less Price and Escrow Agent shall apply the Deposit. Deposit or portion thereof being held by Escrow Agent to the Purchase Price and, if applicable, Seller shall return the Letter of Credit to Buyer. The Purchase Price, subject to adjustments and apportionments as set forth herein, shall be paid at Closing by wire transfer of immediately available federal funds, transferred to the order or account of Sellers Seller or such other person as Sellers Seller may designate in writing, subject to the terms of the Post-Closing Escrow Agreement (as defined in Section 6.4, below). writing. 2.6 Closing Disbursements. The delivery and recording of documents and the disbursement of funds shall be effectuated through the Escrow Agent at the Closing and pursuant to the closing instructions from the parties hereto, which closing instructions shall not modify or diminish the parties' respective obligations hereunder. 3 2.3 Independent Consideration. Sellers and Buyer acknowledge and agree that One Hundred Dollars ($100.00) of the Deposit shall be paid to Sellers if this Agreement is terminated for any reason (the "Independent Contract Consideration"), in addition to any other rights Sellers may have hereunder. Moreover, Sellers and Buyer acknowledge and agree that the Independent Contract Consideration has been bargained for and agreed to as additional consideration for Sellers' execution and delivery of this Agreement and is non-refundable to Buyer. View More
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Purchase Price. The total consideration to be paid by Purchaser to Seller for the Property is TWO HUNDRED THIRTY FIVE MILLION and No/100 Dollars ($235,000,000.00) (the "Purchase Price"). 2.1 Earnest Money. Within one (1) Business Day (as defined in Section 11.4) following the Effective Date, Purchaser shall deliver to the escrow agent identified in the Company Disclosure Letter (in its capacity as escrow agent, "Escrow Agent") the sum of TWENTY FIVE MILLION and No/100 Dollars ($25,000,000.00) (together with any... interest earned thereon and net of investment costs, the "Earnest Money") to be received pursuant to the Escrow Agreement attached hereto as Exhibit E, which shall be executed by Purchaser and Seller concurrently with the execution of this Agreement. -2- 2.2 The Earnest Money shall be invested as Seller and Purchaser so direct. Any and all interest earned on the Earnest Money shall be reported to Purchaser's federal tax identification number. Except as expressly set forth herein to the contrary, the Earnest Money shall become nonrefundable upon the expiration of the Due Diligence Period if Purchaser does not notify Seller in writing on or before the expiration of the Due Diligence Period that Purchaser elects to terminate this Agreement. If the transaction closes in accordance with the terms of this Agreement, then Escrow Agent shall deliver the Earnest Money to Seller at Closing as payment toward the Purchase Price. In all other events, the Earnest Money shall be applied as set forth in this Agreement. 2.3 Cash Balance. At Closing, Purchaser shall pay to Seller the Purchase Price, less the Earnest Money, plus or minus the prorations described in this Agreement (such amount, as adjusted, being referred to as the "Cash Balance"). Purchaser shall pay the Cash Balance by federal funds wire transferred to an account designated by Seller in writing. View More
Purchase Price. The total consideration to be paid by Purchaser to Seller for the Property Properties is TWO HUNDRED THIRTY FIVE MILLION Two Hundred Fifty Million and No/100 00/100 Dollars ($235,000,000.00) ($250,000,000.00), payable in cash or other immediately available funds in accordance with the following provisions (the "Purchase Price"). The Purchase Price shall be allocated among the Properties as set forth on Exhibit A. 2.1 Earnest Money. Within one (1) Business Day (as defined in Section 11.4) followi...ng three (3) business days after the Effective Date, Purchaser shall deliver to the escrow agent identified in the First American Title Insurance Company Disclosure Letter (in its capacity as escrow agent, "Escrow (Phoenix, AZ) ("Escrow Agent") the sum of TWENTY FIVE MILLION Two Million Five Hundred Thousand and No/100 00/100 Dollars ($25,000,000.00) (together with any interest earned thereon and net of investment costs, the ($2,500,000.00) (the "Earnest Money") to be received pursuant to the Escrow Agreement attached hereto as Exhibit E, which shall be executed by Purchaser and Seller concurrently with the execution of this Agreement. -2- 2.2 cashier's check or other immediately available funds. The Earnest Money shall be invested as Seller and Purchaser so direct. directs. Any and all interest earned on the Earnest Money shall be reported to Purchaser's federal tax identification number. Except as expressly set forth herein to the contrary, the Earnest Money shall become nonrefundable upon the expiration of the Due Diligence Period (as defined in Section 8.1 below) if Purchaser does not notify Seller in writing on or before the expiration of the Due Diligence Period that Purchaser elects to terminate the transaction. Notwithstanding the prior sentence, if the transaction fails to close because of Seller's default under this Agreement. Agreement or failure of a condition precedent to Purchaser's obligations to close, the Earnest Money shall be returned to the Purchaser by Escrow Agent. If the transaction closes in accordance with the terms of this Agreement, then Escrow Agent shall deliver the Earnest Money to Seller at Closing as payment toward the Purchase Price. In all other events, the Earnest Money shall be applied as set forth in this Agreement. 2.3 Cash Balance. At Closing, Purchaser shall pay to Seller the Purchase Price, less the Earnest Money, plus or minus the prorations described in this Agreement (such amount, as adjusted, being referred to as the "Cash Balance"). Purchaser shall pay the Cash Balance by federal funds wire transferred to an account designated by Seller in writing. View More
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Purchase Price. In exchange for the Debt, the Assignee shall pay $35,000.00 cash to the Assignor by wire transfer.
Purchase Price. In exchange for the Debt, the Assignee shall pay $35,000.00 $20,000.00 cash to the Assignor by wire transfer.
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