Vendor definition
Examples of Vendor in a sentence
In consideration of the performance of those certain services described more particularly on Exhibit A attached hereto and by this reference made a part hereof, Vendor shall be entitled to the fees described on Exhibit A.
Vendor shall provide services hereunder using prudent and business-like judgment and at all times act with such care as an ordinarily prudent person in a like position would use under similar circumstances, consistent with the terms and conditions of this Agreement.
Vendor shall earn an amount of up to one-half percent (0.5%) (as determined by the Company in the Company’s sole, but reasonable discretion) of the total committed amount of any such loan used to secure the Property, paid at the closing of such debt.
To the extent the party acquiring the Property fails to retain Vendor as a Vendor following such sale, Vendor shall earn a disposition fee in an amount of up to one percent (1%) of the disposition price of the Property, paid on the date of such disposition.
Vendor shall have no liability in connection with the performance of the services set forth herein, unless and to the extent of Vendor’s gross negligence, willful misconduct, fraud or misappropriation, and Company hereby agrees to indemnify, defend and hold Vendor harmless from and against any and all claims, liabilities, expenses, costs and fees arising in connection with this Agreement, unless caused by Vendor’s gross negligence, willful misconduct, fraud or misappropriation.