Examples of Estate Shares in a sentence
Within sixty (60) days after the death of Xxxxxxx or Xxxxx Xxxx or within thirty (30) days after the appointment of an executor or personal representative of the deceased party's estate, whichever is later, the legal representative of the estate of deceased party shall deliver a written notice to the surviving party describing the number of Shares actually or beneficially owned by the decedent at the time of death (the "Estate Shares").
The legal representative of the deceased party shall represent and warrant to the surviving party that the purchaser shall receive good and marketable title to the Estate Shares, as applicable, purchased and that such Shares are free from all liens, encumbrances or interests of third parties at the time of closing.
At the closing, the surviving party shall pay to the deceased party's estate, as applicable, a cash down payment equal to ten percent (10%) of the Purchase Price for the Estate Shares, to be purchased by the surviving party and shall deliver a promissory note, as provided for in Article 11 of this Agreement, for the balance of such Purchase Price.
The notice shall also designate a time and place for the closing which shall be within thirty (30) days after the date of such written notice, at which time the survivor may purchase all or a portion of the Estate Shares for the Market Price.
In addition each of the Sellers will independently and without reliance upon investment advice from Purchaser, and based on such information as such Seller deems appropriate, make its own analysis and decision with respect to the sale of any of the Estate Shares or the HoldCo Shares, as applicable.
The Estate is delivering to the Company stock certificates representing the Purchased Estate Shares duly endorsed for transfer or accompanied by duly executed stock powers or forms of assignment; and the Company is delivering to the Estate the amount to be paid for the Purchased Estate Shares by wire transfer of immediately available funds to one or more accounts designated by the Estate in writing to the Company.
Each of the Sellers acknowledges and agrees that such Seller is acting and will act solely for such Seller’s own account and not for any person in any transaction that such Seller may enter into with respect to the sale of any of the Estate Shares or the HoldCo Shares, as applicable.
Each of the Sellers is not relying on any communication (written or oral) from Purchaser as investment advice or as a recommendation to sell any of the Estate Shares or the HoldCo Shares, as applicable; it being understood that information and explanation related to the terms and conditions of the sale of any of the Estate Shares or the HoldCo Shares, as applicable, shall not be considered investment advice or a recommendation to sell such shares.
All capitalized terms have the respective meanings given them in the Agreement and Declaration of Trust of Pioneer Real Estate Shares, as may be amended or restated from time to time.
This Trust shall be known as Pioneer Real Estate Shares and the Trustees shall conduct the business of the Trust under that name or any other name as they may from time to time determine.