Buyers and Sellers in Same Year. PWAs may be both buyers and sellers in the same year and enter into multiple transfers and/or exchanges in the same year.
Buyers and Sellers in Same Year Sample Clauses
Related to Buyers and Sellers in Same Year
SALE OF BUYER’S PROPERTY Performance under this Agreement: (check one) ☐ - Shall not be contingent upon the Buyer selling another property. ☐ - Shall be contingent upon the Buyer selling another property with a mailing address of , City of , State of , within calendar days from the Effective Date.
Buyer (Buyer) will take title 16 to the Property described below as Joint Tenants Tenants In Common Other .
BUYER’S INITIALS Contractor may, in its sole discretion, choose to refund or credit the value of a change order, option, or amenity requested by Xxxxx(s) instead of making the proposed change. If Contractor shall fail to include any extras which have been ordered and paid for by Buyer(s), Contractor’s sole liability shall be to deduct the cost of any such extra from the total cost of the Property.
Seller For each Mortgage Loan, the seller of such Mortgage Loan pursuant to the Mortgage Loan Purchase Agreement.
Sellers’ Representative (a) Each of the Sellers hereby appoints Xxxx Xxxxx as Seller’s Representative hereunder for the purposes of representing his or its individual interests. Each of the Sellers hereby authorizes the Sellers’ Representative to act on his or its behalf with respect to all matters arising under this Agreement requiring or contemplating the possibility of some notice to be sent to or from, or some action to be taken by, the Sellers, including acting as the Sellers’ representative for the purpose of settling on behalf of the Sellers any claims made by Buyer under Section 12.1(a)(i), representing the Sellers in any indemnification proceedings under Section 12.3, approving any waivers or amendments in accordance with Section 13.6, but excluding the settling of any claims made by Buyer under Section 12.1(a)(ii) against a Seller. Except as aforesaid, each Seller hereby agrees to be bound by any and all notices sent and actions taken (and notices not sent and actions not taken) by the Sellers’ Representative on his or its behalf pursuant to this Agreement. If for any reason the Sellers’ Representative shall be unable to perform its duties hereunder as Sellers’ Representative, the holders of a majority in interest of the Interests owned immediately prior to the Initial Closing shall appoint a replacement Sellers’ Representative. Buyer shall be entitled to rely exclusively upon any communications or writings given or executed by the Sellers’ Representative and shall not be liable in any manner whatsoever for any action taken or not taken in reliance upon the actions taken or not taken or communications or writings given or executed by the Sellers’ Representative. Buyer shall be entitled to disregard any notices or communications given or made by any Seller, in his or its individual capacity, which is contrary to a notice or communication given or made by the Sellers’ Representative.
Seller’s Closing Deliveries At the Closing, Seller shall deliver or cause to be delivered the following:
Seller’s Representations Seller represents and warrants to Buyer as follows:
Buyer’s Representations Buyer represents and warrants to, and covenants with, Seller as follows:
Closing The closing of the sale of the Mortgage Loans (the “Closing”) shall be held at the offices of special counsel to the Purchaser at 10:00 a.m., New York City time, on the Closing Date. The Closing shall be subject to each of the following conditions:
Buyer’s Deliveries At the Closing, Buyer shall deliver the following to Seller:
