Examples of Sale Agents in a sentence
The Canadian Sale Agent and US Sale Agent are collectively referred to as the Sale Agents.
On February 19, 2020, this Court granted the SSP Order authorizing the Receiver to engage the Sale Agents and initiate a sale process in accordance with the SSP Procedures.
Under Phase 1 of the SISP, the Sales Agents initiated a number of marketing activities pursuant to the SISP Order including disseminating notices of the SISP through the Wall Street Journal, the National Post, and other various news outlets in Canada and the U.S. between May 27, 2020 and June 4, 2020.Interested parties were required to submit a non-binding letter of intent (“Non-Binding LOIs”) to the Sale Agents by June 26, 2020 (the “LOI Deadline”).
The Sale Agents are in charge of being proactive toward looking for and contacting the potential clients.
However, any alternation, change, modification or addition to these terms of sale agency will be notified to the Sale Agents in due course of time.
The Sale Agents will send the Bid Process Letter to all Phase 2 Qualified Bidders who are invited to participate in Phase 2.
The Sale Agents, with the assistance of the Receiver, will gather and review all required due diligence material to be provided to interested parties and shall each establish a confidential virtual data room (“VDR”), which will be maintained and administered by each respective Sale Agent during the Sale Process.
Following the Phase 2 Bid Deadline, the Receiver will assess the Phase 2 sale proposals received with respect to the Property, in consultation with the Sale Agents and Secured Creditor, where appropriate.
Following the Phase 1 Bid Deadline, the Receiver will assess the Qualified LOIs in consultation with the Sale Agents and Secured Creditor, and select Phase 2 Qualified Bidders.
The Receiver and Sale Agents will prepare a bid process letter for Phase 2 (the Bid Process Letter), which will include a draft PSA.