Common use of Conduct of Auction Clause in Contracts

Conduct of Auction. If a Superior Offer is submitted by a Qualified Bidder on or before the Bid Deadline, Stayton shall conduct an Auction for the Properties. If no Superior Offer is received by a Qualified Bidder before the Bid Deadline, there shall be no Auction and Blackstone Purchaser and Stayton shall be obligated to complete the Transaction subject to the terms and conditions in the Agreement. The Auction shall be conducted on the following terms:

Appears in 3 contracts

Samples: Agreement of Purchase and Sale, Assignment and Assumption Agreement (Emeritus Corp\wa\), Agreement of Purchase and Sale

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Conduct of Auction. If a Superior Offer is submitted by a Qualified Bidder on or before the Bid Deadline, Stayton Xxxxxxx shall conduct an Auction for the Properties. If no Superior Offer is received by a Qualified Bidder before the Bid Deadline, there shall be no Auction and Blackstone Purchaser and Stayton Xxxxxxx shall be obligated to complete the Transaction subject to the terms and conditions in the Agreement. The Auction shall be conducted on the following terms:

Appears in 1 contract

Samples: Agreement of Purchase and Sale (Emeritus Corp\wa\)

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