Sellor definition

Sellor means the person, firm or corporation named on the force hereof to whom this order is issued; and "Purchaser" shall mean the person, firm or corporation named on the face hereof by whom this order is issued.

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Sellor. VILLAGE CENTER STATION II OWNER, LLC, a Delaware limited liability company By: KBSIII VILLAGE CENTER STATION II MEMBER, LLC, a Delaware limited liability company, its sole member and manager By: KBSIII REIT ACQUISITION XXXII, LLC, a Delaware limited liability company, its sole member By: KBS REIT PROPERTIES III, LLC, a Delaware limited liability company, its sole member By: KBS LIMITED PARTNERSHIP III, a Delaware limited partnership, its sole member By: KBS REAL ESTATE INVESTMENT TRUST III, INC., a Maryland corporation, its general partner

Examples of Sellor in a sentence

• Such Offer Notice shall clearly identify the person or persons making the Offer and include such information as is known by the Sellor about such person or persons.

• If the Potential Preemptor gives notice to the Sellor electing to accept the 1st Offer within the 60 day period, such acceptance shall constitute a binding agreement of purchase and sale between the Sellor and the Potential Preemptor in respect of the Offered Interest on the terms and conditions set out in the Notice.

• As used in these Terms and Conditions, "order" shall mean this Purchase Order and all its attachment, instructions and exhibits: "goods" shall mean any materials, machinery, equipment, article, item or work provided for in this order; "Sellor" shall mean the person, firm or corporation named on the force hereof to whom this order is issued; and "Purchaser" shall mean the person, firm or corporation named on the face hereof by whom this order is issued.

• A Notice shall be deemed to constitute an offer (“1st Offer”) by the Sellor to the Potential Preemptor to Sell the Offered Interest on the terms and conditions set out in the Notice and shall be open for acceptance by the Potential Preemptor for a period of 60 days from the date of its receipt by the Potential Preemptor.

• The Sellor and New Party shall execute such agreements or documents as may be reasonably required in this regard by the other party to this Agreement.

• No assignment shall serve to release or discharge the Sellor from any of the said liabilities or obligations, unless all of the rights and obligations of the Sellor have been assigned to the New Party and the other party has released the Sellor.

• Such Notice shall clearly identify the person or person making the Offer and include such information as is known by the Sellor about such person or persons.

• If the Sellor receives a bona fide offer from a third party to Sell all or any portion of its Interest (“Offered Interest”) and intends to accept such offer (the “Offer”), the Sellor, prior to accepting the Offer, shall give notice in writing to the other party (the “Potential Preemptor”) of the Offer together with a copy of the Offer, which shall be in written form (the “Notice’).