Competing Offer definition
Examples of Competing Offer in a sentence
The provisions of the previous sentence shall not apply to any Competing Offer, if at any time during the last 5 days prior to expiration of the Partnership's Offer at least 17 1/2% of the outstanding Units have been validly tendered to the Partnership and not withdrawn.
If a Competing Offer has been Commenced, then the Managing General Partner may increase the purchase price of the Offer from time to time to an amount agreed to by all of the Partners.
The Purchaser may only waive clause 22 if he has been granted unconditional bond finance by a registered financial institution, or is able to within 3 (three) days after having received the Competing Offer, deliver guarantees for the full purchase price.
The term “Net Price” means the stated purchase price (or the maximum price if the Competing Offer contains an escalation addendum) less any price adjustments, such as costs and fees to be paid by Seller and other Seller concessions.
If Seller receives a Competing Offer for the Property before accepting this Contract, with a Net Price equal to or greater than the Net Price of this Contract, then the Net Price of this Contract shall be increased to $ more than the Net Price of the Competing Offer, not to exceed a maximum Purchase Price of $ .