page 8 .. 7. “Price.” 7.1. Catalys
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Posted On: 04/04/2018 4:48:31 PM
Re: Commando911 #39268
page 8 ..
7. “Price.”
7.1. Catalyst Price. Price. The price of the Catalyst to be delivered pursuant to a Purchase Order shall be computed at $0.50 per pound of catalyst (the “Base Price”), subject to adjustment as provided in Section 7.5.
7.2. Equipment Price. Customer shall purchase the Equipment from P2O at the prices set forth below.
7.2.1. Initial Order Price. The Initial Order Price of the first system to be deployed by Customer, consisting of two full processing systems, shall be $ 4,000,000.00 paid in two tranches. The first tranche of $1,500,000.00 shall be paid upon the issuance of the initial Purchase Order (for the down payment of both processing systems, miscellaneous costs of delivery, and the cost of installation of the P2O systems. The second tranche of $2,500,000.00 will be paid, if P2O has not materially defaulted on any operating specifications, at the end of eighteen (18) months following the COF as defined in section 8.2.2.
7.2.2. Subsequent Order Price. The Price for Processors ordered after the Initial Order (“Subsequent Orders” and “Subsequent Processors”) shall be $3,000,000 per Subsequent Processor subject to the CPI Adjustment described below (the “Subsequent Order Price”). Additionally, a Subsequent Order Price shall be subject to adjustment upwards based on the productivity of Subsequent Processors as provided in Section 7.5
4kids
7. “Price.”
7.1. Catalyst Price. Price. The price of the Catalyst to be delivered pursuant to a Purchase Order shall be computed at $0.50 per pound of catalyst (the “Base Price”), subject to adjustment as provided in Section 7.5.
7.2. Equipment Price. Customer shall purchase the Equipment from P2O at the prices set forth below.
7.2.1. Initial Order Price. The Initial Order Price of the first system to be deployed by Customer, consisting of two full processing systems, shall be $ 4,000,000.00 paid in two tranches. The first tranche of $1,500,000.00 shall be paid upon the issuance of the initial Purchase Order (for the down payment of both processing systems, miscellaneous costs of delivery, and the cost of installation of the P2O systems. The second tranche of $2,500,000.00 will be paid, if P2O has not materially defaulted on any operating specifications, at the end of eighteen (18) months following the COF as defined in section 8.2.2.
7.2.2. Subsequent Order Price. The Price for Processors ordered after the Initial Order (“Subsequent Orders” and “Subsequent Processors”) shall be $3,000,000 per Subsequent Processor subject to the CPI Adjustment described below (the “Subsequent Order Price”). Additionally, a Subsequent Order Price shall be subject to adjustment upwards based on the productivity of Subsequent Processors as provided in Section 7.5
4kids
Quote:
So, company receives 1.5 mil for upon receipt of purchase order, and doesn’t receive the 2.5mil balance for 18months?
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