Purchaser's Entitlement Sample Clauses

Purchaser's Entitlement. The Purchaser will, throughout the term of this contract, be entitled and obligated to take its entitlement percentage of the capacity and net electrical output of the Unit, at whatever level the Unit is operated or operable, whether more or less than 582 megawatts electric.
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Purchaser's Entitlement. 15.4.1 The Sellers authorize the Purchasers with effect upon the Transfer of Possession to make use of and exercise all ownership rights (including towards authorities) as if the legal ownership (as opposed to only beneficial ownership) had already passed on to the Purchasers upon the Transfer of Possession.
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Purchaser's Entitlement. Purchaser shall be entitled to the benefit of the Transferred Business on and after the Closing Date; and any payment relating to, or connected with, the Transferred Business on and after the Closing Date and that is received by Seller on and after the Closing Date shall be paid to Purchaser immediately upon receipt (and shall be held in trust by Seller for the benefit of Purchaser pending such payment).
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Purchaser's Entitlement. For the sum stated in paragraph (3) below, the Purchaser shall be entitled to receive the monthly installments of $ ( DOLLARS each, beginning with the installment due , 20 , and $ ( DOLLARS) of the balloon payment due , 20 in the amount of $ . For the purposes of determining the amount due to the Purchaser in the event of an early payoff or buyout, this sum represents the net sum of $ ( DOLLARS) plus interest on the unpaid balance at the rate of % per annum, compounded monthly, payable . In addition to principle and interest calculated as stated, upon satisfaction of the Purchaser's interest hereunder (including but not limited to prepayment by the Grantor, default by the Grantor, or buyout by the Seller) the Purchaser shall also be entitled to receive reimbursement for any and all expenses which the Purchaser may have incurred as a result of acquiring and holding the subject Note and Deed of Trust, including but not limited to: advances on superior liens and encumbrances, costs, disbursements, title fees, appraisal fees, attorney fees, taxes, insurance premiums, repairs, maintenance expenses, foreclosure costs and real estate commissions, together with interest thereon at the rate of 24% from the date said expenses were incurred, EXCEPT that if Purchaser's interest hereunder is satisfied in full after one year from the date hereof, reimbursement for expenses and interest thereon shall not include acquisition costs (which shall be deemed to be costs incurred prior to the actual date of closing hereof), but rather shall only include any and all costs of holding said Note and Deed of Trust (which shall be deemed to be costs incurred after the actual date of closing hereof). All of the above-mentioned sums to which the Purchaser is entitled, including the original net sum and interest thereon less any payments received by the Purchaser from the Payor, and including expenses and interest thereon to which the Purchaser shall be entitled in accordance with this paragraph, shall hereinafter be referred to as the "Purchaser's Entitlement." The Seller's liability for the Purchaser's Entitlement shall be limited to the Seller's residual interest in the Note and Deed of Trust. (b)
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Related to Purchaser's Entitlement

  • SELLERS 20 The member states initially anticipate that they will provide a monetary allowance to sellers 21 under Model 2 based on the following:

  • Purchaser’s Closing Obligations Purchaser, at its sole cost and expense, shall deliver or cause to be delivered to Seller at Closing the following:

  • Seller For each Mortgage Loan, the seller of such Mortgage Loan pursuant to the Mortgage Loan Purchase Agreement.

  • Seller’s Closing Obligations At Closing, Seller shall execute and deliver, or cause to be executed and delivered, to Buyer the following:

  • Purchaser's Investment Representations Each Purchaser hereby represents (i) that it is acquiring the Restricted Securities purchased hereunder or acquired pursuant hereto for its own account with the present intention of holding such securities for purposes of investment, and that it has no intention of selling such securities in a public distribution in violation of the federal securities laws or any applicable state securities laws, (ii) that it is an "accredited investor" and a sophisticated investor for purposes of applicable U.S. federal and state securities laws and regulations, (iii) that this Agreement and each of the other agreements contemplated hereby constitutes (or will constitute) the legal, valid and binding obligation of each Purchaser, enforceable in accordance with its terms, except to the extent that enforceability may be limited by bankruptcy, insolvency or other similar laws affecting creditors' rights generally and (iv) that the execution, delivery and performance of this Agreement and such other agreements by such Purchaser does not and will not conflict with, violate or cause a breach of any agreement, contract or instrument to which such purchaser is subject. Notwithstanding the foregoing, nothing contained herein shall prevent such Purchaser and subsequent holders of Restricted Securities from transferring such securities in compliance with the provisions of SECTION 4 hereof. Each certificate for Restricted Securities shall be imprinted with a legend in substantially the following form: "THE SECURITIES REPRESENTED BY THIS CERTIFICATE WERE ORIGINALLY ISSUED ON [DATE OF ISSUANCE] AND HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. THE TRANSFER OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE IS SUBJECT TO THE CONDITIONS SPECIFIED IN THE PURCHASE AGREEMENT, DATED AS OF SEPTEMBER __, 2001 BY AND AMONG THE ISSUER (THE "COMPANY") AND CERTAIN INVESTORS, AND THE COMPANY RESERVES THE RIGHT TO REFUSE THE TRANSFER OF SUCH SECURITIES UNTIL SUCH CONDITIONS HAVE BEEN FULFILLED WITH RESPECT TO SUCH TRANSFER. A COPY OF SUCH CONDITIONS SHALL BE FURNISHED BY THE COMPANY TO THE HOLDER HEREOF UPON WRITTEN REQUEST AND WITHOUT CHARGE."

  • Buyer (Buyer) will take title 16 to the Property described below as Joint Tenants Tenants In Common Other .

  • Buyer's Closing Obligations At Closing, Buyer shall deliver to Seller the following:

  • Buyers 3.1 The Buyer Parent has incorporated or shall incorporate wholly-owned single purpose Xxxxxxxx Islands entities to be the Buyers of the Rigs and will nominate one such Buyer for each Rig.

  • Investment of Escrow Amount Escrow Agent may, at its’ discretion, invest any or all of the Escrow Account balance as permitted by banking or trust company regulations. No interest shall be paid to Issuer or Subscribers on balances in the Escrow Account or in Issuers custodial account.

  • Purchaser’s Closing Deliveries At the Closing, the Purchaser shall deliver or cause to be delivered to the Vendor the following documents and payments:

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