PURCHASE AND SALE AGREEMENT AND JOINT ESCROW INSTRUCTIONS. In the event of termination of the defaulting Joint Venturer’s Interest, each nondefaulting Joint Venturer who voted to elect the option, referred to in this Agreement as the “Purchasing Joint Venturers,” shall be required to purchase the Interest of the defaulting Joint Venturer in the proportion that his Interest in the Venture bears to the aggregate of the Interests in the Venture of all of the Purchasing Joint Venturers.
Appears in 5 contracts
Samples: Business Purchase Agreement, Purchase and Sale Agreement and Joint Escrow Instructions, Business Purchase Agreement
PURCHASE AND SALE AGREEMENT AND JOINT ESCROW INSTRUCTIONS. In the event of termination of the defaulting Joint Venturer’s Ventureræs Interest, each nondefaulting Joint Venturer who voted to elect the option, referred to in this Agreement as the “Purchasing ±Purchasing Joint Venturers,” S shall be required to purchase the Interest of the defaulting Joint Venturer in the proportion that his Interest in the Venture bears to the aggregate of the Interests in the Venture of all of the Purchasing Joint Venturers.
Appears in 4 contracts
Samples: Business Purchase Agreement, Purchase and Sale Agreement and Joint Escrow Instructions, Business Purchase Agreement
PURCHASE AND SALE AGREEMENT AND JOINT ESCROW INSTRUCTIONS. In the event of termination of the defaulting Joint Venturer’s Ventureræs Interest, each nondefaulting Joint Venturer who voted to elect the option, referred to in this Agreement as the “Purchasing ±Purchasing Joint Venturers,” S shall be required to purchase the Interest of the defaulting Joint Venturer in the proportion that his Interest in the Venture bears to the aggregate of the Interests in the Venture o 20 types of all of Business Agreements used in the Purchasing Joint Venturers.Business World
Appears in 1 contract
Samples: Purchase and Sale Agreement and Joint Escrow Instructions
