Seller's Acquisition Sample Clauses
The Seller's Acquisition clause defines the terms under which the seller may acquire certain assets, shares, or interests as part of the transaction. Typically, this clause outlines the specific assets or entities the seller is permitted to acquire, any conditions or approvals required, and the timeline for such acquisitions. For example, it may specify that the seller can purchase a subsidiary or related business prior to closing, provided certain criteria are met. The core function of this clause is to clarify the seller's rights and limitations regarding acquisitions during the transaction process, thereby preventing misunderstandings and ensuring both parties are aware of any changes to the seller's holdings that could affect the deal.
Seller's Acquisition. Buyer acknowledges that Seller did not develop or construct the Property.
Seller's Acquisition. Buyer acknowledges that Seller’s predecessor in title recently acquired the Property pursuant to foreclosure proceedings or proceedings in lieu of foreclosure and that Seller did not develop or construct the Property.
Seller's Acquisition. Buyer acknowledges that Seller did not develop or construct the Property and has owned the Property since the date shown on the deed into Seller.