Sale Commitment Clause Samples
A Sale Commitment clause establishes a binding obligation for one party to sell, and the other to purchase, specified goods, services, or assets under agreed terms. Typically, this clause outlines the quantity, price, and delivery schedule, and may set conditions that must be met before the sale is finalized, such as regulatory approvals or satisfactory inspections. Its core practical function is to provide certainty and enforceability to the transaction, ensuring both parties are legally bound to complete the sale as agreed, thereby reducing the risk of last-minute withdrawal or renegotiation.
Sale Commitment. If, within the term of sixty days provided in the last paragraph of article 3.
3.1 for the completion of the sale, Mrs. EB declares that she cannot buy the SOMAREL shares subject to the exercise of the right to sell pursuant to article 3.3.1, the completion of such sale will not be pursued, however, for a period of six months, the shareholder who exercised the right to sell will have the right to buy (directly or through any individual or company in his place and with which such shareholder remains jointly liable towards Mrs. EB), and Mrs. Badinter agrees to transfer to such shareholder, her entire holding in SOMAREL at a price determined by transparency based on the stock exchange price of the PUBLICIS shares owned at the time by SOMAREL, after deducting an amount equal to the transfer tax; the stock exchange price of the PUBLICIS shares will be equal to the daily weighted average price (WAP) of the PUBLICIS shares during the 120 trading days prior to the exercise date of the right to buy, as provided by Societe des Bourses Francaises. In this event, no approval and/or preemptive right may effect the transfer referred to above, since each Party is deemed to have given such Party's irrevocable agreement to the transfer or to have waived the exercise of its preemptive right.
Sale Commitment. Provided Lessee has satisfied all its obligations under the Agreement, Lessor undertakes to sell the Products to Lessee, at the end of each Payment Period, except during the first twelve months of the Lease. The date of the end of the Payment Period chosen by Lessee will be the effective date of the sale. ▇▇▇▇▇▇ agrees as from now on that the sale will be subject to the terms and conditions stated under Section 22 hereafter (“Terms of Sale”). The sale will take place without warranty or recourse of any kind, express or implied, other than the possible remaining warranty of the Supplier. Considering the purpose of the Agreement and Lessor’s activity, which is that of a financing company, Lessor cannot be considered as a professional vendor of the Products. The purchase price of the Product will be the following: - during the Initial Term, the price as determined by Lessor at the effective date of the sale, such sale being requested by Lessee with one month notice; - as of the date of end of the Initial Term, the price as stated in the Schedule; - as of the date of end of each ▇▇▇▇▇▇▇ ▇▇▇▇, the price as determined by ▇▇▇▇▇▇ upon request of ▇▇▇▇▇▇ expressed with at least one month notice prior to such date.
Sale Commitment. Shared Execution Forward Commitment -------------------------------------------------------------------------------- 2/4/98 Saxon Mortgage, Inc. Mortgage Loan Purchase Agreement -------------------------------------------------------------------------------- 3/31/98 Source One Mortgage Services Sale Agreement Contract Corporation -------------------------------------------------------------------------------- 10/24/97 TMS Mortgage Inc. Sale and Purchase Agreement --------------------------------------------------------------------------------
Sale Commitment