Buyer definition
Examples of Buyer in a sentence
The Buyer shall not assume any liabilities of the Company, whether known or unknown, contingent or otherwise, existing as of the Closing Date.
The Buyer shall indemnify and hold harmless the Sellers from any losses arising out of any breach of the Buyer’s representations or warranties under this Agreement.
On the terms and subject to the conditions of this Agreement, the Sellers agree to sell, transfer, and deliver to the Buyer, and the Buyer agrees to purchase from the Sellers, 100% of the Membership Interests of the Company, with each Seller transferring their respective 50% interest, free and clear of all liens, claims, and encumbrances.
The Sellers shall indemnify and hold harmless the Buyer from any losses arising out of any breach of the Seller’s representations or warranties under this Agreement.
In the event of any stock split, reverse stock split, or issuance of additional shares that would dilute either Seller’s ownership below 2.5% of the Buyer’s outstanding common stock prior to the completion of the Regulation A offering, the Buyer shall issue additional shares to the affected Seller to maintain their ownership at 2.5%.