A down payment clause specifies the initial, non-refundable portion of the total cost that a buyer must pay upfront to secure the purchase of a product or service. This clause outlines the amount, timing, and any conditions associated with the down payment, providing assurance to both parties involved in the transaction.
Extention Payment. In addition to all other payment amounts set forth in Section 2.3 of the Agreement and the payment made to Landlord in connection with the First Amendment, Tenant shall be obligated to pay to Landlord the amount of $50,000 (the “Extension Fee”) as consideration for Landlord’s agreement to the extension of the Outside Down Payment Date and forbearance from exercising remedies in relation to the previous failure to pay the Down Payment against the Tenant Parties that are executing this Amendment. Such Extension Fee shall be paid by Tenant to Landlord upon the due date of the Down Payment and shall be paid in addition to the Down Payment. If requested by Landlord, Tenant shall execute a replacement of the Promissory Note in accordance with Section 2.1(c) of the Agreement that evidences the correct amount due and owing under the Agreement as amended by the Amendments.
The “Outside Down Payment Date” shall be calculated as set forth herein. The initial Outside Down Payment Date shall be December 31, 2023. In the event that as of two business days prior to the Outside Down Payment Date (i) the merger has not been terminated by Clearday or Viveon and to Clearday’s knowledge there is no reason to believe the merger will be terminated prior to the Outside Down Payment Date and (ii) the merger is pending government review and/or other necessary approvals, Tenant may extend the Outside Down Payment Date for thirty days (an “Outside Down Payment Date Extension”) by delivering to Landlord prior to the Outside Down Payment Date notice of the Outside Down Payment Date Extension and proof that the merger is pending government review and/or such other necessary approvals. Tenant may exercise an Outside Down Payment Date Extension up to two times, provided that each such extension must meet the terms for an Outside Down Payment Date Extension as of the date of delivery of the notice of the extension to Landlord. Additionally, the Outside Down Payment Date may be extended by the written agreement of the parties.
Principal Investment Strategies. The Home Down Payment Investment Fund is designed to assist investors in saving for a home down payment. Because the time horizon for such an expense can vary, the Home Down Payment Investment Fund pursues an asset allocation strategy that is designed to balance growth and downside market protection through different market environments. While the Home Down Payment Fund may be appropriate for a diverse group of investors with different goals as it is diversified and conservatively managed, there is a component of the Fund that attempts to pace inflation in the housing area by allocating some of the Fund’s assets to companies in home and housing related industries which may make it attractive to those seeking to invest or save for a home down payment.
The Home Down Payment Investment Fund is designed to assist investors in saving for a home down payment. Because the time horizon for such an expense can vary, the Home Down Payment Investment Fund pursues an asset allocation strategy that is designed to balance growth and downside market protection through different market environments. While the Home Down Payment Fund may be appropriate for a diverse group of investors with different goals as it is diversified and conservatively managed, there is a component of the Fund that attempts to pace inflation in the housing area by allocating some of the Fund’s assets to companies in home and housing related industries which may make it attractive to those seeking to invest or save for a home down payment.
The four parties of A, B, C and D, after friendly negotiation and following the principles of equality, voluntariness, fairness, and good faith, entered into this payment agreement (hereinafter referred to as "this Agreement") on [23 December 2020] for the down payment (RMB [22400000], in words: twenty-two million four hundred thousand yuan) of BYD brand new energy vehicles under the original contract.
After the signing of this Agreement, Party C agrees to provide necessary financial assistance for Party B to pay down payment to Party A through its affiliated companies, subject to the relevant laws and regulations of the State Administration of Foreign Exchange of the People's Republic of China. Party B shall pay such down payment to Party A after receiving the down payment equivalent to that paid by the affiliated company of Party C. Party B is obliged to pay Party A the down payment in full before [20 January 2021]. If Party B is unable to receive the amount equivalent to the down payment due to reasons other than Party C, Party C's affiliated company and Party B, and is then unable to make the down payment to Party A before [20 January 2021] (including but not limited to the documents required for foreign exchange supervision due to reasons other than Party C, Party C's affiliated company or Party B), the new path of down payment shall be negotiated by all parties. If Party B is still unable to make such down payment to Party A before [31 January 2021] after negotiation between the parties, Party A shall have the right to instruct Party D to return the remaining amount to Party C after deducting 0.01%/day of the overdue down payment from the deposit from 1 February 2021 to the actual payment date of Party B (excluding the date of down payment). If Party A still does not receive the down payment from Party B on 1 March 2021, the contract will be automatically terminated, and Party D has the right not to return the Party C's deposit.
3.Before Party B pays the down payment to Party A in accordance with this Agreement, if there is a serious breach of contract by Party B under the original contract, Party C agrees that Party A has
Purchase Price and Down Payment Percentage With respect to our comparison of the Down Payment Percentage to the Sample Data File, we recomputed such percentage as the Purchase Price divided by the total down payment amount, each as set forth on the Purchase and Security Agreement and/or the Purchase Proposal. Total down payments used to calculate the Down Payment Percentage may include cash payments, wrap paydowns (principal paid on previous loans rolled into the current loan/contract through purchase of a new timeshare product), and equity transfers; and for loans acquired from Monarch Grand Vacations (MGV), MGV upgrade obligation were required fees paid in cash. For loans involving multiple contracts, we included the Purchase Price, Down Payment, Equity Transfer, and Payments Made on previous contracts, each as set forth on the Purchase and Security Agreement and/or Purchase Proposal and/or Loan History Summary and/or Promissory Note, from each contract, in order to recompute the amounts used in the Down Payment Percentage.
Example. This Example is intended to help you compare the cost of investing in the Home Down Payment Investment Fund with the cost of investing in other funds. The Example assumes that you invest $10,000 in the Home Down Payment Investment Fund for the time periods indicated and then sell all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Home Down Payment Investment Fund’s operating expenses remain the same. The fee waiver/expense reimbursement arrangement discussed in the table above is reflected only through December 31, 2023.
Purchase Price and Down Payment Percentage To agree the Down Payment Percentage to the Data File, we divided the Purchase Price by the total down payment amount, each as set forth on the Purchase and Security Agreement and/or the Purchase Proposal. Total down payments used to calculate the Down Payment Percentage may include cash payments, wrap paydowns (principal paid on previous loans rolled into the current loan/contract through purchase of a new timeshare product), equity transfers; and for loans acquired from [REDACTED], [REDACTED] upgrade obligation were required fees paid in cash. Additionally, for loans involving multiple contracts, we included the Purchase Price and total down payment, each as set forth on the Purchase and Security Agreement and/or Purchase Proposal, from each contract, in order to recalculate the amounts used in the Down Payment Percentage.
Additionally, the LifeGoal Home Down Payment Investment ETF may invest up to 35% of its assets in in a combination of underlying funds providing exposure to commodities, REITs and high yield debt securities while the LifeGoal Conservative Wealth Builder ETF may invest up to 35% of its assets in a combination of underlying funds providing exposure to commodities and high yield debt securities.
For the purpose of comparing the down payment MVC (Asia) Sample Characteristic for each MVC (Asia) Sample Timeshare Loan, MORI instructed us to note agreement if the value on the Sample Data File agreed with either: a. The corresponding information in the MVC (Asia) Membership Application, b. The result of adding the total amount of down payment or deposits, all as shown in the MVC (Asia) Membership Application, or c. The result of subtracting the: (1) Total establishment fee, as shown in the MVC (Asia) Membership Application, from (2) Result obtained in b. above.
As a condition to this extension memo, Purchaser is to pay the Company a down payment amount of eight hundred thousand dollars (US$800,000.00), representing 50% of the Orders, no later than January 17th (Monday), 2022 (the “Down Payment”).
The Down Payment will apply pro-rata to any portion of the Order made (for example: if a certain Order is for $200,000 worth of product, 1/8 of the Down Payment - $100,000 - will be applied to that order). The balance of a respective Order - 50% - will be paid not later than 7 days from receipt of notice of readiness for shipping of such Order, by Company, to Purchaser. Following receipt payment of the balance in full Company will deliver the respective Order.
Both Purchaser and Company hereby agree that Purchaser shall be the US exclusive distributer through January 31st, 2023. This appointment is conditioned upon payment of the Down Payment per the terms of Section B above and placement of Orders per Section C above. To the extent Purchaser fails to place the Orders, pay or consummate an already placed Order as per Section C above, Company may at its sole discretion terminate the Distribution Agreement forthwith and keep the balance of the Down Payment as an agreed upon damages.
Takeda will pay a one-time non-refundable, non-creditable and not subject to set-off, payment of Twenty-Two Million Five Hundred Thousand Dollars ($22,500,000.00) to Wave as [***] with respect to the Existing Licensed Category 2 Programs (such payment, the “Program Wind-Down Payment”), such payment to be made no later [***] (the date Wave receives the Program Wind-Down Payment, the “Program Wind-Down Payment Date”). Wave desires that the Program Wind-Down Payment be allocated between Wave US and Wave UK and Takeda will make the Program Wind-Down Payment to each of Wave US and Wave UK as indicated on Exhibit A to this Second Amendment.
Takeda will pay to Wave the full amount of the Program Wind-Down Payment and will not apply the amount of any previously unspent amount of any Annual Research Fees paid by Takeda to Wave pursuant to Section 11.4.1 of the Collaboration Agreement against the Program Wind-Down Payment. Other than the Program Wind-Down Payment, Wave will not seek reimbursement or payment from Takeda for any other Licensed Category 2 Research Expenses or other amounts related to the Existing Licensed Category 2 Programs whenever incurred, including during the fourth (4th) year of the Initial Licensed Category 2 Research Term.
Cash Payment. Chemesis agreed to pay the Cash Purchase Price in two installments, one in the sum of $1,000,000 (the “Down Payment”), which was paid on December 7, 2018, and the balance (“the balance”), being the sum of $1,250,000, which is to be paid on or before December 20, 2018. The Down Payment was made, and the payment of the balance shall be made, as stated on the Schedule A. The Down Payment was made, and the balance shall be made, in US Dollars by wire transfer to the accounts identified in Schedule B. The Selling Members acknowledge and agree that the Down Payment has been received in full and in compliance with this Amendment.
Penalty for the failure to make the Down Payment. Should Chemesis fail to pay the Down Payment, the Down Payment and the balance shall be immediately due and payable, and Chemesis shall pay the Selling Members an additional sum, as a penalty, equal to $250,000 (“Penalty Payment”). The Penalty Payment shall be made to the Selling Members in the same proportion as the Down Payment is required to be made in Schedule A. In addition, to the Penalty Payment, Chemesis shall pay Selling Members interest on $2,250,000, since December 7, 2017 until the day of the payment, at an interest rate equal to 5%/week.
Upon delivery of the Third Advance Carts, Yohananoff will pay an additional down payment of NIS [________] only, plus VAT, against a tax invoice for an additional [________] Carts, i.e., a total of 1,000 carts (the “Fourth Advance Carts”), which will be supplied as stated in the introduction to this agreement, up to and no later than 45 days after the payment of the down payment. If Cust2mate will not supply Yohananoff with the additional carts until the end of the said period, provided that Yohananoff is able to receive the carts (whether in the branches or in any other place where Yohananoff will ask to store the Carts), Cust2mate will repay Yohananoff the Advance immediately.
A down payment is an initial, upfront payment made when purchasing an expensive good or service, typically representing a percentage of the total purchase price. It is often required in transactions involving real estate, vehicles, and other high-value items. The primary purpose of a down payment is to demonstrate the buyer’s commitment and capacity to fulfill the financial obligation.
You should consider making a down payment in situations such as:
Writing a down payment generally involves several steps:
Determine the Amount: Calculate the amount you can afford as a down payment. This often involves considering the percentage of the total purchase price required by the lender or seller.
Arrange Payment: Once the amount is set, prepare a suitable payment method, such as a bank transfer, cashier’s check, or personal check. It’s crucial to ensure that funds are available and ready for the transaction.
Documentation: Document the transaction precisely, specifying the agreed down payment in the transaction agreement or contract.
Receipt and Confirmation: Obtain a receipt or confirmation of the down payment from the seller or lender to acknowledge the transaction.
Contracts that typically include a down payment provision are:
Purchase Agreements for Real Estate: These outline the sale terms of a property and detail the required down payment.
Car Sale Contracts: Detailing the purchase of a vehicle, these agreements often include a down payment clause.
Lease-to-Own Contracts: These arrangements, used for various goods, often require a down payment.
Financing Agreements: Contracts for loans or credit purchases usually stipulate a down payment to secure financing.
Example: “The buyer agrees to make a down payment of 20% of the total purchase price, amounting to $40,000, to be paid via bank transfer upon the signing of this agreement.”
Dive deeper into the world of clauses and learn more about these other clauses that are used in real contracts.
Drag-along rights are provisions in shareholder agreements that allow majority shareholders to compel minority shareholders to join in the sale of a company, ensuring that potential buyers can acquire 100% ownership. These rights help facilitate smoother transactions by aligning interests and reducing obstacles from minority shareholders who might otherwise block a sale.
A due diligence contingency clause in a contract allows a party, typically the buyer, to thoroughly investigate the property or asset in question before fully committing to the purchase. It provides the buyer with the option to terminate the agreement or renegotiate terms if the findings during the due diligence period are unsatisfactory.
The due diligence period in a contract is a designated timeframe during which the buyer is allowed to thoroughly inspect and evaluate the property or assets involved in the transaction. This period aims to ensure the buyer can identify any potential issues and make informed decisions before finalizing the agreement.
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