Examples of Sell Notice in a sentence
The Defaulting Member shall accept the highest Qualifying Bid which is received by the Sale Agent (with the relevant Suitable Third Party being referred to as the " Purchaser") by the end of sixty (60) Business Days from the Instruction to Sell Notice (the "Closing Date") and shall take all steps necessary to complete the transfer of its Defaulting Member's Remaining Shares [and any Defaulting Member's Remaining B Shareholder Debt] to the Purchaser within ten (10) Business Days of the Closing Date.
The Defaulting Shareholder shall accept the highest Qualifying Bid which is received by the Sale Agent (with the relevant Suitable Third Party being referred to as the Purchaser) by theend of sixty (60) Business Days from the Instruction to Sell Notice (the Closing Date) and shall take all steps necessary to complete the transfer of its Shares and any Defaulting Shareholder Debt to the Purchaser within ten (10) Business Days of the Closing Date.
Upon receipt of an Intent-to- Sell Notice from Homeowner, CLT shall have the option to purchase the Home at the Purchase Option Price calculated as set forth below.
At the expiration of the one year grace period, the Designated Person shall provide to CLT an Intent to Sell Notice notifying CLT of the obligation of the Designated Person to sell the Residential Unit (this shall be a “Transfer Event”).
Failure of the Administrative Member to respond in writing to the Intent to Sell Notice within such sixty (60) day period, as applicable, shall be deemed an election by the Administrative Member that the Administrative Member is not prepared to purchase BREA’s Membership Interest.
The Landlord must complete the surrender of the Term no later than three months after the Landlord has received the Leaseholder’s Ready to Sell Notice.
The administration is now proposing to increase it to 60%.Mr. Ercan noted the effect of this proposal to the budget would be $137,000 in additional expense and this will be presented within the FY2020-2021 Tentative Budget at the April 14th board meeting.
With respect to a BREA Membership Sale, subject to Section 10.5, the Administrative Member shall have sixty (60) days from the date of receipt of the Intent to Sell Notice to either (a) send BREA a Purchase Offer, or (b) notify BREA in writing that the Administrative Member is not prepared to purchase BREA’s Membership Interest.
Failure by the Administrative Member and BREA to execute a ROFO Purchase Agreement shall be deemed an election by the Administrative Member that the Administrative Member is not prepared to purchase the applicable Property or Properties in response to the Intent to Sell Notice and the Purchase Deposit and the Additional Deposit, if applicable, shall be refunded to the Administrative Member.
The Leaseholder will serve written notice on the Landlord confirming (when this is the case) that the Leaseholder is ready to surrender the Term (“Ready to Sell Notice”), provided that the Leaseholder will not serve a Ready to Sell Notice unless and until the Market Value has been agreed or determined in accordance with paragraph 1 above.