Failure of Sale Sample Clauses

Failure of Sale. If neither Xxxxx, Sr., Agatha, the other Stockholders nor the Permitted Transferees accept, nor the third party purchases, all of the stock offered for sale within the periods provided in Paragraphs 3.2, 3.3 and 3.4, above, the shares of said stock not purchased shall again be subject to the restrictions of this Agreement.
Sample 1
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Failure of Sale. If the Termination Option is elected and a sale of the Property is not effected prior to the end of the Lease Term other than as a result of Agent's failure to accept an offer as provided in Section 14(b)(ii), the Lessee shall (x) pay on the last day of the Lease Term the amounts described in the last sentence of Section 14(b)(ii), and (y) immediately quit possession of the Property and tender the same to Agent in compliance with Lessee's obligations under this Lease.
Sample 1
Failure of Sale. If neither the Company, the Xxxxxxxx Investors, the Xxxx Investors nor the third party purchases all of the Shares offered for sale within the periods provided in Sections 4.1.2 and 4.1.3, such Shares shall continue to be subject to the restrictions of this Agreement.
Sample 1
Failure of Sale. If neither the Company, the Series A Holders nor the third party purchases all of the Minority Shares offered for sale within the periods provided in Sections 4.1(b) and 4.1(c), such Minority Shares shall continue to be subject to the restrictions of this Agreement.
Sample 1
Failure of Sale. If the parties agree that Seller is prevented from selling the Property to District through no fault of Seller or events which occur beyond Seller’s control during the Lease term whether Buyer has exercised the option or not, this Agreement and the Purchase and Sale Agreement shall be terminated, the Parties shall have no further obligation to each other except for such obligations which expressly survive, and Seller shall pay District may liquidated damages in the amount of (a) Rent actually paid by District to Seller multiplied by 50% less (b) any sublease income received by District during the Lease term or related to District’s use of the Property. This obligation shall survive the termination of the Lease and the Agreement.
Sample 1
Failure of Sale. If the parties agree that Seller is prevented from selling the Property to District through no fault of Seller or events which occur beyond Seller’s control during the Term of this Agreement (i.e. after Buyer has validly exercised the option), this Agreement shall be terminated, the Parties shall have no further obligation to each other except for such obligations which expressly survive, and Seller shall be obligated to return to Buyer liquidated damages in the amount of (a) Rent actually paid by District to Seller multiplied by 50% less (b) any sublease income received by District during the Lease term or related to District’s use of the Property. THE PARTIES HAVE AGREED THAT THE PARTIES’ ACTUAL DAMAGES, IN THE EVENT OF A FAILURE OF THE SALE TO BE CONSUMMATED DUE TO EVENTS BEYOND SELLER’S CONTROL, WOULD BE EXTREMELY DIFFICULT OR IMPRACTICABLE TO DETERMINE. THEREFORE, BY PLACING THEIR INITIALS BELOW, THE PARTIES ACKNOWLEDGE THAT THE AMOUNT SET FORTH IN THIS SECTION HAS BEEN AGREED UPON, AFTER NEGOTIATION, AS THE PARTIES' REASONABLE ALLOCATION AND ESTIMATE OF THE PARTIES’ DAMAGES AND AS THEIR SOLE AND EXCLUSIVE REMEDY AGAINST EACH OTHER. INITIALS: Seller District
Sample 1

Related to Failure of Sale

  • Notification of Sale Optionee agrees that Optionee, or any person acquiring shares upon exercise of this option, will notify the Bancorp not more than five (5) days after any sale or other disposition of such shares.

  • Xxxx of Sale The Xxxx of Sale, duly executed by Purchaser; and

  • Payment by Wire Transfer So long as any Purchaser or its nominee shall be the holder of any Note, and notwithstanding anything contained in Section 14.1 or in such Note to the contrary, the Company will pay all sums becoming due on such Note for principal, Make-Whole Amount, if any, interest and all other amounts becoming due hereunder by the method and at the address specified for such purpose below such Purchaser’s name in the Purchaser Schedule, or by such other method or at such other address as such Purchaser shall have from time to time specified to the Company in writing for such purpose, without the presentation or surrender of such Note or the making of any notation thereon, except that upon written request of the Company made concurrently with or reasonably promptly after payment or prepayment in full of any Note, such Purchaser shall surrender such Note for cancellation, reasonably promptly after any such request, to the Company at its principal executive office or at the place of payment most recently designated by the Company pursuant to Section 14.1. Prior to any sale or other disposition of any Note held by a Purchaser or its nominee, such Purchaser will, at its election, either endorse thereon the amount of principal paid thereon and the last date to which interest has been paid thereon or surrender such Note to the Company in exchange for a new Note or Notes pursuant to Section 13.2. The Company will afford the benefits of this Section 14.2 to any Institutional Investor that is the direct or indirect transferee of any Note purchased by a Purchaser under this Agreement and that has made the same agreement relating to such Note as the Purchasers have made in this Section 14.2.

  • Notice of Sale Each Pledgor acknowledges and agrees that, to the extent notice of sale or other disposition of the Pledged Collateral or any part thereof shall be required by law, ten (10) days’ prior notice to such Pledgor of the time and place of any public sale or of the time after which any private sale or other intended disposition is to take place shall be commercially reasonable notification of such matters. No notification need be given to any Pledgor if it has signed, after the occurrence of an Event of Default, a statement renouncing or modifying any right to notification of sale or other intended disposition.

  • Conditions to Assignment by Banks Except as provided --------------------------------- herein, each Bank may assign to one or more Eligible Assignees all or a portion of its interests, rights and obligations under this Credit Agreement (including all or a portion of its Commitment Percentage and Commitment and the same portion of the Loans at the time owing to it, the Notes held by it and its participating interest in the risk relating to any Letters of Credit); provided that (a) each of the Agent and, unless a -------- Default or Event of Default shall have occurred and be continuing, the Borrower shall have given its prior written consent to such assignment, which consent, in the case of the Borrower, will not be unreasonably withheld, (b) if such assignment is to an Eligible Assignee which is not an existing bank, then such assignment shall be either such Bank's entire interest or be in an amount that is $2,500,000 or a multiple of $1,000,000 in excess thereof, and (c) the parties to such assignment shall execute and deliver to the Agent, for recording in the Register (as hereinafter defined), an Assignment and Acceptance, substantially in the form of Exhibit F hereto (an "Assignment and Acceptance"), together with any Notes ------- - subject to such assignment. Upon such execution, delivery, acceptance and recording, from and after the effective date specified in each Assignment and Acceptance, which effective date shall be at least five (5) Business Days after the execution thereof, (i) the assignee thereunder shall be a party hereto and, to the extent provided in such Assignment and Acceptance, have the rights and obligations of a Bank hereunder, and (ii) the assigning Bank shall, to the extent provided in such assignment and upon payment to the Agent of the registration fee referred to in (S)20.3, be released from its obligations under this Credit Agreement.

  • Assignment by Owner 51 Section 12.11

  • Assignment by Landlord Landlord shall have the right to transfer and assign, in whole or in part, all its rights and obligations hereunder, in the Premises, and in such event and upon such transfer no further liability or obligation shall thereafter accrue against Landlord hereunder.

  • Bxxx of Sale The Bxxx of Sale covering the Personal Property, in the form attached hereto as Exhibit D.

  • Assignment by Lessee Lessee may transfer or assign its rights and obligations under this Agreement without the consent of Operator but shall deliver to Operator written notice of such transfer or assignment not less than ten (10) days prior to the effective date thereof; provided, however, in the event of the assignment of this Agreement to a party that is not an Affiliate, Operator shall have the right to terminate this Agreement within 15 days after receipt of written notice of such assignment, which termination will be effective within 30 days of Lessee’s receipt of such termination notice. Any transfer or assignment of this Agreement by Lessee shall include an express assumption by the transferee or assignee of Lessee’s obligations hereunder. Nothing herein shall be deemed to require Lessee to assign or attempt to assign this Agreement to any third party, including any buyer of a Hotel.

  • Purchase by Receiver The Receiver shall purchase Assets that are specified in the Put Notice and shall assume Related Liabilities with respect to such Assets, and the transfer of such Assets and Related Liabilities shall be effective as of a date determined by the Receiver which date shall not be later than thirty (30) days after receipt by the Receiver of the Put Notice (the "Put Date").

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