Ultimate Buyer definition
Examples of Ultimate Buyer in a sentence
The Servicer will ▇▇▇▇ all Receivables (i) in the case of Receivables with respect to a Home purchased under a Home Purchase Contract, within 60 days (on average) of the sale of the related Home to an Ultimate Buyer and (ii) in the case of all other Receivables, within 60 days (on average) after the Receivable arises.
If, at any time after the Closing, the Company obtains any buyer(s) for any of the Non-Conforming Inventory Items (each, an “Ultimate Buyer”), the Company shall sell such Non-Conforming Inventory Item(s) to the Purchaser for an amount equal to the price to be paid by the Ultimate Buyer, and the Purchaser shall sell such items to the Ultimate Buyer.
Each Seller, as trustee, shall have the right to retain from any proceeds of the Transaction Trust Property received by it and before distributing those proceeds to the Beneficiary, an amount equal to any costs and expenses incurred by it in selling any Residential Property to an Ultimate Buyer or otherwise in realising the Transaction Trust Property and distributing the proceeds to the Beneficiary.
After giving effect to the transactions contemplated hereby, Buyer and the Ultimate Buyer Parent Guarantor shall be Solvent.
The maximum aggregate indemnification obligation of the Buyer Parties under Section 13.02(b) shall not exceed the Purchase Price, as adjusted pursuant to Section 2.07 (the "Ultimate Buyer Cap").