Broker Acknowledgment Clause Samples

The Broker Acknowledgment clause serves to formally confirm that a broker is involved in the transaction and has reviewed or is aware of the agreement's terms. Typically, this clause requires the broker to acknowledge their role, confirm receipt of relevant documents, or state that they have not provided legal advice to the parties. Its core practical function is to ensure transparency regarding the broker's involvement and to clarify the broker's responsibilities, thereby reducing the risk of misunderstandings or disputes about the broker's role in the transaction.
POPULAR SAMPLE Copied 1 times
Broker Acknowledgment. I represent and warrant that no person has performed any act as a broker on my behalf in connection with this Note.
View Source
Broker Acknowledgment. Tenant represents and warrants to Landlord that no broker, agent, commission salesperson, or other person has represented Tenant in the negotiations for and procurement of this Second Amendment and of the expansion of the Premises and that no commissions, fees or compensation of any kind are due and payable in connection herewith to any broker, agent, commission salesperson or other person as a result of any act or agreement of Tenant. Tenant agrees to indemnify and hold Landlord harmless from all loss, liability, damage, claim, judgment, cost or expense (including reasonable attorneys' fees and court costs) suffered or incurred by Landlord as a result of a breach by Tenant of the representation and warranty contained in the immediately preceding sentence or as a result of Tenant's failure to pay commissions, fees or compensation due to any broker who represented Tenant, whether or not disclosed, or as a result of any claim for any fee, commission or similar compensation with respect to this Second Amendment made by any broker, agent or finder claiming to have dealt with Tenant, whether or not such claim is meritorious. The parties hereto do hereby acknowledge and agree that CarrAmerica Realty Corporation has acted as agent for Landlord in this transaction. CarrAmerica Realty Corporation has not acted as agent for Tenant in this transaction. Landlord hereby warrants and represents to Tenant that Landlord has not dealt with any broker, agent or finder other than CarrAmerica Realty Corporation in connection with this Second Amendment, and, Landlord hereby agrees to indemnity and hold Tenant harmless from and against any and all loss, damage, liability, claim, judgment, cost or expense (including, but not limited to, reasonable attorneys' fees and court costs) that may be incurred or suffered by Tenant because of any claim for any fee, commission or similar compensation with respect to this Second Amendment made by any broker, agent or finder claiming to have represented Landlord.
View Source
Broker Acknowledgment. It is hereby acknowledged that ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇, a principal of the property being leased, is a Licensed California Real Estate Broker but is not acting in a brokerage capacity in this lease agreement.
View Source
Broker Acknowledgment. This Securities Account Agreement (this "Agreement") shall constitute written notice by Secured Party to Broker. Broker represents and agrees that: (a) Broker has received Secured Party's notice of security interest in the Securities Account; (b) Broker maintains the Securities Account in Customer's name; (c) attached hereto as Exhibit I is a statement produced by Broker in the ordinary course of its business regarding the property credited to the Securities Account at the statement's date and Broker does not have any knowledge of any inaccuracy in the statement, (d) as of the date hereof, Broker does not have knowledge of a security interest in the Securities Account claimed by any person other than Secured Party; and (e) prior to receipt of a Notice of Exclusive Control (defined below) by Broker, Customer shall have the exclusive right to instruct Broker with respect to matters relating to the withdrawal, disposition, transfer, redemption, operation and administration of, and investment and application of (each an "entitlement order"), any property in the Securities Account. Subject to the provisions of Paragraph 11 hereof, for so long as this Agreement remains effective, Broker's rights of setoff against the property in the Securities Account are subordinate to Secured Party's security interests.
View Source

Related to Broker Acknowledgment

  • Other Acknowledgments Seller acknowledges, unless otherwise stated in this Agreement or other written statement, that the Seller is unaware of the following: I. Any type of default that has been recorded against the Property; II. Any type of financial delinquency which used the Property as security; III. Any type of bankruptcy or insolvency involving the Seller or affecting the Property; and IV. Any type of mediation, arbitration, litigation, or any proceeding where an institution, public or private, has action pending against the Property which includes the Seller’s ability to sell the Property. ▇▇▇▇▇▇ agrees to notify the Agency immediately if any of the aforementioned issues should arise during the Listing Period.

  • Risk Acknowledgment ADVISER does not guarantee the future performance of the Account or any specific level of performance, the success of any investment recommendation or strategy that ADVISER may take or recommend for the Account, or the success of ADVISER’s overall management of the Account. CLIENT understands that investment recommendations for the Account by ADVISER are subject to various market, currency, economic, political and business risks, and that those investment decisions will not always be profitable.

  • Trust Account Waiver Acknowledgment The Company will seek to have all vendors, service providers (other than independent accountants), prospective target businesses or other entities with which it does business enter into agreements waiving any right, title, interest or claim of any kind in or to any monies held in the Trust Account for the benefit of the Public Shareholders. If a prospective target business or vendors, service providers or third party were to refuse to enter into such a waiver, management will perform an analysis of the alternatives available to it and will only enter into an agreement with a third party that has not executed a waiver if management believes that such third party’s engagement would be significantly more beneficial than any alternative.

  • Trust Account Waiver Acknowledgments The Company hereby agrees that it will use its reasonable best efforts prior to commencing its due diligence investigation of any prospective Target Business or obtaining the services of any vendor to have such Target Business and/or vendor acknowledge in writing whether through a letter of intent, memorandum of understanding or other similar document (and subsequently acknowledges the same in any definitive document replacing any of the foregoing), that (a) it has read the Prospectus and understands that the Company has established the Trust Account, initially in an amount of $200,000,000 (without giving effect to any exercise of the Over-allotment Option) for the benefit of the Public Stockholders and that, except for a portion of the interest earned on the amounts held in the Trust Account, the Company may disburse monies from the Trust Account only (i) to the Public Stockholders in the event they elect to redeem shares of Common Stock contained in the Public Securities in connection with the consummation of a Business Combination, (ii) to the Public Stockholders if the Company fails to consummate a Business Combination within the time period set forth in the Charter Documents, or (iii) to the Company after or concurrently with the consummation of a Business Combination and (b) for and in consideration of the Company (i) agreeing to evaluate such Target Business for purposes of consummating a Business Combination with it or (ii) agreeing to engage the services of the vendor, as the case may be, such Target Business or vendor agrees that it does not have any right, title, interest or claim of any kind in or to any monies in the Trust Account (“Claim”) and waives any Claim it may have in the future as a result of, or arising out of, any negotiations, contracts or agreements with the Company and will not seek recourse against the Trust Account for any reason whatsoever. The foregoing letters shall substantially be in the form attached hereto as Exhibits A and B respectively. The Company may forego obtaining such waivers only if the Company shall have received the approval of its Chief Executive Officer and the approving vote of at least a majority of its Board of Directors.

  • Trust Fund Waiver Acknowledgment The Company hereby agrees that it will not commence its due diligence investigation of any operating business which the Company seeks to acquire ("Target Business") or obtain the services of any vendor unless and until such Target Business or vendor acknowledges in writing, whether through a letter of intent, memorandum of understanding or other similar document (and subsequently acknowledges the same in any definitive document replacing any of the foregoing), that (a) it has read the Prospectus and understands that the Company has established the Trust Fund, initially in an amount of $20,640,000 for the benefit of the public stockholders and that the Company may disburse monies from the Trust Fund only (i) to the public stockholders in the event they elect to convert their IPO Shares (as defined below in Section 8.8) and the liquidation of the Company or (ii) to the Company after, or concurrently with, the consummation of a Business Combination and (b) for and in consideration of the Company (1) agreeing to evaluate such Target Business for purposes of consummating a Business Combination with it or (2) agreeing to engage the services of the vendor, as the case may be, such Target Business or vendor agrees that it does not have any right, title, interest or claim of any kind in or to any monies in the Trust Fund ("Claim") and waives any Claim it may have in the future as a result of, or arising out of, any negotiations, contracts or agreements with the Company and will not seek recourse against the Trust Fund for any reason whatsoever.