Sale by Purchaser Sample Clauses

Sale by Purchaser. In the event that Purchaser (or any affiliate of Purchaser) shall sell, within eight (8) years of the Closing Date, all or substantially all of the Land to a third party not affiliated with Seller or Purchaser and said third party does not intend to use the Land for petroleum-related purposes, then Purchaser shall pay to Seller, within three (3) business days of the closing of such sale, an amount equal to fifty percent (50%) of the Net Proceeds received by Purchaser in connection with such sale.
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Sale by Purchaser. The purchaser must procure that a transferee of the property from the purchaser, or any subsequent purchaser, enters into a contract incorporating the terms of clauses relating to the rights of the vendor herein provided that a reference to the vendor will be amended to be a reference to the actual name of the vendor set forth in this contract, or such other entity as required by the vendor.
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Sale by Purchaser 
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Related to Sale by Purchaser

  • Representations by Purchasers; Resale by Purchasers (a) Each Purchaser severally represents and warrants to the Company that it is an "accredited investor" within the meaning of Regulation D under the Securities Act.

  • Deliveries by Purchaser At the Closing, Purchaser shall deliver to Seller the following:

  • Closing Deliveries by Purchaser At the Closing, Purchaser shall deliver to Seller:

  • BREACH BY PURCHASER In the event Purchaser should fail to consummate the purchase of the Property, the conditions to Purchaser’s obligations set forth in Article III having been satisfied and Purchaser being in default and Seller not being in default hereunder, Seller shall have the right to receive the Escrow Deposit, if any, from the title company, the sum being agreed on as liquidated damages for the failure of Purchaser to perform the duties, liabilities, and obligations imposed upon it by the terms and provisions of this Contract, and Seller agrees to accept and take this cash payment as its total damages and relief and as Seller’s sole remedy hereunder in such event. If no Escrow Deposit has been made then Seller shall receive the amount of $500 as liquidated damages for any failure by Purchaser.

  • Assignment by Purchaser The Purchaser shall have the right, without the consent of the Company but subject to the limit set forth in Section 2.02 hereof, to assign, in whole or in part, its interest under this Agreement with respect to some or all of the Mortgage Loans, and designate any person to exercise any rights of the Purchaser hereunder, by executing an Assignment and Assumption Agreement and the assignee or designee shall accede to the rights and obligations hereunder of the Purchaser with respect to such Mortgage Loans. All references to the Purchaser in this Agreement shall be deemed to include its assignee or designee.

  • By Purchaser Purchaser represents and warrants to Seller that:

  • Delivery by Seller At or before the Closing, Seller shall deliver to Buyer the following:

  • Termination by Purchaser This contract shall be terminated, upon election and written notice by Xxxxxxxxx, if Catastrophic Damage rate rede- termination under BT3.32 shows that the appraised weighted average Indicated Advertised Rate of all In- cluded Timber remaining immediately prior to the catas- trophe has been reduced through Catastrophic Damage by an amount equal to or more than the weighted aver- age Current Contract Rate. “Indicated Advertised Rates” are Forest Service esti- mates of fair market value of the timber.

  • Delivery by Buyer At or before the Closing, Buyer shall deliver to Seller the following:

  • Purchaser Purchaser was formed solely for the purpose of engaging in the Transactions and activities incidental thereto and has not engaged in any business activities or conducted any operations other than in connection with the Transactions and those incident to its formation. Either Parent or a wholly owned subsidiary of Parent owns beneficially and of record all of the outstanding capital stock of Purchaser.

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