CONSIDERATION PAID. For the purpose of this Agreement, Consideration Paid is defined as:
CONSIDERATION PAID. MTS shall reimburse the Contractor for actual costs (including labor costs, employee benefits, overhead, and other direct costs) incurred by the Contractor in performance of the work, in an amount not to exceed $ exclusive of any fixed fee. Actual costs shall not exceed the estimated wage rates and other costs set forth in the Contractor’s proposal. In addition, MTS shall pay the Contractor a fixed fee of $0.00. Said fixed fee shall not be altered unless there is a significant alteration in scope, complexity, or character of the work to be performed. Fees and all other charges will be billed monthly as the work progresses, and the net amount shall be due at the time of billing. Total expenditures made under this contract, including the fixed fee, shall not exceed the sum of $. Payment will be made as set forth in this Agreement; however, payments may be withheld or portions thereof may be deducted or setoffs may be made against Contractor if Contractor is not performing work in accordance with the applicable provisions of this Agreement. The time for payment of invoices or for accepting any discounts offered shall run only from the date of receipt of correct invoices with required certification documents by MTS. Reimbursement for transportation and subsistence costs shall be in accordance with MTS Board Policy No. 44-C.
CONSIDERATION PAID. On April 1, 2002, Buyer shall pay to Seller the sum of Ten Million Dollars ($10,000,000.00).
CONSIDERATION PAID. The consideration for such disposition (or series of related dispositions) shall not be less than the fair market value of the assets sold, leased, transferred or otherwise disposed and, if the aggregate consideration for such disposition (or series of related dispositions) exceeds the Dollar Equivalent of $10,000,000 in the aggregate, the Borrower shall have provided to the Administrative Agent and the Lenders a certificate of the Board of Directors of the Borrower as to the good faith determination of the fair market value of the assets so disposed;
CONSIDERATION PAID. It is understood that the covenants given in this Section 14 are given to ensure that Umpqua acquires the goodwill of the business of the Company and are an integral part of this Agreement. The parties agree that a total of $200,000 of the Initial Purchase Price is allocated to these covenants which shall be allocated for tax purposes to the Shareholders in proportion to their stock holdings set forth on Schedule 2.1.
CONSIDERATION PAID. No commission or other remuneration has been paid by Company for soliciting the exchange of the Exchanged Debt for the Shares as contemplated hereby.