Outline the total amount for the asset purchase and state how the payments will be made (once-off or installments). Include any interest or additional fees and other information pertinent to the price.
[Client.Company] shall pay the [Sender.Company] as the purchase price for the foregoing the sum of number of dollars. The total purchase price shall be payable in cash at closing.
Prices and payments will be in the United States dollars, and payment shall be made in the United States currency.
For [Client.Company], the closing of this Agreement is contingent upon [Client.Company]‘s obtaining a firm commitment for a loan of at least number of dollars payable with interest not to exceed interest and payable over a number of years period and otherwise on terms customarily required by the lender for commercial loans.
In the event payments are not made in a timely manner, [Sender.Company] may, in addition to all other remedies provided at law, either:
(1) declare [Client.Company]’s performance in breach and terminate this Order for default; (2) repossess the goods for which payment has not been made; (3) withhold future shipments under this Order until delinquent payments are made; (4) deliver future shipments under this Order on a cash with Order or cash in advance basis even after the delinquency is cured; (5) charge interest on the delinquency at a rate of 1-1/2% per month or the maximum rate permitted by law, if lower, for each month or part thereof of delinquency in payment plus applicable storage charges, or inventory carrying charges; or (6) recover all costs of collection including reasonable attorney’s fees; and (7) at Seller’s option combine any of the above rights and remedies as provided by law.