Examples of Seller Designee in a sentence
Item 614.11B, Work Zone Pavement Markings, gives the contractor the choice of 740.06 (Type 1 or 2 Preformed Material) or 740.02 (Type 1 or 2 Paint).
The Seller Shares and the Seller Note will be acquired for investment purposes by the Seller Designee as nominee for the Sellers, but not as a nominee or agent for any other Person, and not with a view to the resale or distribution of any part thereof (except as permitted under the Share Ownership Agreement).
Each of the Seller Designee and each Seller acknowledges that it can bear the economic risk and lack of liquidity of its investment or beneficial interest in the Seller Shares and the Seller Note.
The Seller Designee and the Sellers have no present intention of selling, granting any participation in or otherwise distributing the Seller Shares or the Seller Note; provided, however, that notwithstanding the foregoing, the Seller Designee may sell the Seller Shares as permitted under the Share Ownership Agreement and the Seller Note as permitted therein.
Each Seller agrees that the issuance of the Seller Shares and the Seller Note to the Seller Designee constitutes payment to such Seller of any amount represented by such Seller Shares or Seller Note to which such Seller may be entitled in respect of the Acquired Assets conveyed by such Seller pursuant to this Agreement.