Common use of Irrevocable Offer Clause in Contracts

Irrevocable Offer. Purchaser further acknowledges that this Agreement is executed and delivered by Purchaser pursuant to an auction conducted on behalf of Seller. In consideration of the following: (a) preserving the integrity of the auction process and assuring that all offers are made in conformity therewith and in reliance thereon; (b) the monies spent by Seller to arrange for the auction; (c) the opportunity of the Purchaser to bid for the Property; (d) the promise by the Seller to sell the Property to Purchaser if this Agreement is accepted by Seller as hereinafter provided and (e) for other good and valuable consideration, the receipt and adequacy of which is expressly acknowledged by Purchaser, including the mutual promises made by each party, this Agreement constitutes an irrevocable offer to purchase by Purchaser in accordance with this Agreement which cannot be revoked by Purchaser prior to 5:00 p.m. local time, (based on the location of the Property) on the third business day following Purchaser Execution of this Agreement (“Irrevocable Deadline”). Such offer to purchase shall not be deemed accepted by Seller until executed by Seller or Seller’s duly authorized agent prior to revocation thereof. Notice from Seller or its duly authorized agent to accept or reject Purchaser’s offer under this Paragraph may be given pursuant to the Notices Paragraph in this Agreement or by telephone and confirmed at a later date by notice given pursuant to Notices Paragraph in this Agreement. Failure of Seller or its duly authorized agent to notify Purchaser on or prior to the Irrevocable Deadline that Seller accepts or rejects Purchaser’s offer shall not constitute acceptance or rejection by Seller of Purchaser’s offer, but Purchaser’s irrevocable offer shall thereafter become revocable.

Irrevocable Offer. Purchaser Buyer further acknowledges that this Agreement is executed and delivered by Purchaser Buyer pursuant to an auction conducted on behalf of Seller. In consideration of the following: (a) preserving the integrity of the auction process and assuring that all offers are made in conformity therewith and in reliance thereon; (b) the monies spent by Seller to arrange for the auction; (c) the opportunity of the Purchaser Buyer to bid for the Property; (d) the promise by the Seller to sell the Property to Purchaser Buyer if this Agreement is accepted by Seller as hereinafter provided and (e) for other good and valuable consideration, the receipt and adequacy of which is expressly acknowledged by PurchaserBuyer, including the mutual promises made by each party, this Agreement constitutes an irrevocable offer to purchase by Purchaser Buyer in accordance with this Agreement which cannot be revoked by Purchaser Buyer prior to 5:00 p.m. 5:00p.m. local time, (based on the location of the Property) on the third (3) business day following Purchaser Buyer Execution of this Agreement (“Irrevocable Deadline”). Such offer to purchase shall not be deemed accepted by Seller until executed by Seller or Seller’s 's duly authorized agent prior to revocation thereof. Notice from Seller or its duly authorized agent to accept or reject Purchaser’s Buyer's offer under this Paragraph may be given pursuant to the Notices Paragraph in this Agreement or by telephone and confirmed at a later date by notice given pursuant to Notices Paragraph in this Agreement. Failure of Seller or its duly authorized agent to notify Purchaser Buyer on or prior to the Irrevocable Deadline that Seller accepts or rejects Purchaser’s Buyer's offer shall not constitute acceptance or rejection by Seller of Purchaser’s Buyer's offer, but Purchaser’s Buyer's irrevocable offer shall thereafter become revocable. Execution hereof by Seller prior to the Irrevocable Deadline shall constitute acceptance by Seller without the need for any further notification by Seller to Buyer and the date of Buyer’s execution hereof, if any, shall be the Effective Date.

Irrevocable Offer. Purchaser Xxxxx further acknowledges that this Agreement is executed and delivered by Purchaser Xxxxx pursuant to an auction conducted on behalf of Seller. In consideration of the following: (a) preserving the integrity of the auction process and assuring that all offers are made in conformity therewith and in reliance thereon; (b) the monies spent by Seller to arrange for the auction; (c) the opportunity of the Purchaser Buyer to bid for the Property; (d) the promise by the Seller to sell the Property to Purchaser Buyer if this Agreement is accepted by Seller as hereinafter provided and (e) for other good and valuable consideration, the receipt and adequacy of which is expressly acknowledged by PurchaserBuyer, including the mutual promises made by each party, this Agreement constitutes an irrevocable offer to purchase by Purchaser Buyer in accordance with this Agreement which cannot be revoked by Purchaser Buyer prior to 5:00 p.m. local time, (based on the location of the Property) PM CDT on the third (3) business day following Purchaser Buyer Execution of this Agreement (“"Irrevocable Deadline”"). Such offer to purchase shall not be deemed accepted by Seller until executed by Seller or Seller’s Xxxxxx's duly authorized agent prior to revocation thereof. Notice from Seller or its duly authorized agent to accept or reject Purchaser’s Xxxxx's offer under this Paragraph may be given pursuant to the Notices Paragraph in this Agreement or by telephone and confirmed at a later date by notice given pursuant to Notices Paragraph in this Agreement. Failure of Seller or its duly authorized agent to notify Purchaser Buyer on or prior to the Irrevocable Deadline that Seller accepts or rejects Purchaser’s Xxxxx's offer shall not constitute acceptance or rejection by Seller of Purchaser’s Buyer's offer, but Purchaser’s Xxxxx's irrevocable offer shall thereafter become revocable. Execution hereof by Seller prior to the Irrevocable Deadline shall constitute acceptance by Seller without the need for any further notification by Seller to Buyer and the date of Xxxxx’s execution hereof, if any, shall be the Effective Date.

Irrevocable Offer. Purchaser Xxxxx further acknowledges that this Agreement is executed and delivered by Purchaser Xxxxx pursuant to an auction conducted on behalf of Seller. In consideration of the following: (a) preserving the integrity of the auction process and assuring that all offers are made in conformity therewith and in reliance thereon; (b) the monies spent by Seller to arrange for the auction; (c) the opportunity of the Purchaser Buyer to bid for the Property; (d) the promise by the Seller to sell the Property to Purchaser Buyer if this Agreement is accepted by Seller as hereinafter provided and (e) for other good and valuable consideration, the receipt and adequacy of which is expressly acknowledged by PurchaserBuyer, including the mutual promises made by each party, this Agreement constitutes an irrevocable offer to purchase by Purchaser Buyer in accordance with this Agreement which cannot be revoked by Purchaser Buyer prior to 5:00 p.m. 5:00p.m. local time, (based on the location of the Property) on the third (3) business day following Purchaser Buyer Execution of this Agreement (“"Irrevocable Deadline”"). Such offer to purchase shall not be deemed accepted by Seller until executed by Seller or Seller’s Xxxxxx's duly authorized agent prior to revocation thereof. Notice from Seller or its duly authorized agent to accept or reject Purchaser’s Xxxxx's offer under this Paragraph may be given pursuant to the Notices Paragraph in this Agreement or by telephone and confirmed at a later date by notice given pursuant to Notices Paragraph in this Agreement. Failure of Seller or its duly authorized agent to notify Purchaser Buyer on or prior to the Irrevocable Deadline that Seller accepts or rejects Purchaser’s Xxxxx's offer shall not constitute acceptance or rejection by Seller of Purchaser’s Buyer's offer, but Purchaser’s Xxxxx's irrevocable offer shall thereafter become revocable. Execution hereof by Seller prior to the Irrevocable Deadline shall constitute acceptance by Seller without the need for any further notification by Seller to Buyer and the date of Buyer’s execution hereof, if any, shall be the Effective Date.

Irrevocable Offer. Purchaser further acknowledges that this Agreement is executed and delivered by Purchaser pursuant to an a sale and/or auction process conducted on behalf of Seller. In consideration of each of the following: (a) preserving the integrity of the auction process and assuring that all offers are made in conformity therewith and in reliance thereon; (b) the monies spent by Seller to arrange for the auction; (c) the opportunity of the Purchaser to bid for the Property; (d) the promise by the Seller to sell the Property to Purchaser purchaser if this Agreement is accepted by Seller as hereinafter provided and approved by the Bankruptcy Court; and (e) for other good and valuable consideration, the receipt and adequacy of which is expressly acknowledged by Purchaser, including the mutual promises made by each party, this Agreement constitutes an irrevocable offer to purchase by Purchaser in accordance with this Agreement which cannot be revoked by Purchaser prior to 5:00 p.m. local time, (based on the location of the Property) on the third business day following Purchaser Execution of this Agreement (“Irrevocable Deadline”)Agreement. Such offer to purchase shall not be deemed accepted by Seller until executed by Seller or Seller’s duly authorized agent prior to revocation thereofagent. Notice from Seller or its duly authorized agent to accept or reject Purchaser’s offer under this Paragraph paragraph may be given pursuant to the Notices Paragraph in this Agreement Section 17 hereof, or by telephone and confirmed at a later date by notice given pursuant to Notices Paragraph in Section 17 hereof. In the event Seller rejects this offer, the Deposit shall be returned to Purchaser. The Parties shall then have no further obligation under this Agreement. Failure of Seller or its duly authorized agent to notify Purchaser on or prior to the Irrevocable Deadline that Seller accepts or rejects Purchaser’s offer shall not constitute acceptance or rejection by Seller of Purchaser’s offer, but Purchaser’s irrevocable offer shall thereafter become revocable.

Irrevocable Offer. Purchaser further acknowledges that this Agreement is executed and delivered by Purchaser pursuant to an auction conducted on behalf of Seller. In consideration of the following: (a) preserving the integrity of the auction process and assuring that all offers are made in conformity therewith and in reliance thereon; (b) the monies spent by Seller to arrange for the auction; (c) the opportunity of the Purchaser to bid for the Property; (d) the promise by the Seller to sell the Property to Purchaser if this Agreement is accepted by Seller as hereinafter provided and (e) for other good and valuable consideration, the receipt and adequacy of which is expressly acknowledged by Purchaser, including the mutual promises made by each party, this Agreement constitutes an irrevocable offer to purchase by Purchaser in accordance with this Agreement which cannot be revoked by Purchaser prior to 5:00 p.m. local time, (based on the location of the Property) on the third five (5) business day following Purchaser Execution of this Agreement (“"Irrevocable Deadline”"). Such offer to purchase shall not be deemed accepted by Seller until executed by Seller or Seller’s Xxxxxx's duly authorized agent prior to revocation thereof. Notice from Seller or its duly authorized agent to accept or reject Purchaser’s 's offer under this Paragraph may be given pursuant to the Notices Paragraph in this Agreement or by telephone and confirmed at a later date by notice given pursuant to Notices Paragraph in this Agreement. Failure of Seller or its duly authorized agent to notify Purchaser on or prior to the Irrevocable Deadline that Seller accepts or rejects Purchaser’s 's offer shall not constitute acceptance or rejection by Seller of Purchaser’s 's offer, but Purchaser’s 's irrevocable offer shall thereafter become revocable. Execution hereof by Seller prior to the Irrevocable Deadline shall constitute acceptance by Seller without the need for any further notification by Seller to Purchaser and the date of Purchaser’s execution hereof, if any, shall be the Effective Date.

Irrevocable Offer. This Agreement shall, when signed by the Purchaser further acknowledges that and submitted to the Seller, constitute an offer to purchase the Property from the Seller, which offer shall be irrevocable for a period of 30 (THIRTY) days from the date of signature hereof by the Purchaser, whereafter, if it has not been accepted by the Seller, the Purchaser may withdraw it on written notice to the Seller. This Agreement shall be deemed to have been concluded upon signature by the Seller within the aforementioned time period and its validity shall not be dependent on the Seller having communicated its signature to the Purchaser. SIGNED by the PURCHASER at on this the day of 2016. AS WITNESSES: 2. PURCHASER CONSENTING SPOUSE 2. FULL NAMES OF GUARANTOR By his/her signature hereto the signatory consents to the conclusion of this Agreement is executed and delivered by Purchaser pursuant to an auction conducted on behalf of Seller. In consideration of the following: (a) preserving the integrity of the auction process guarantees and assuring that all offers are made binds himself/herself as surety for and co-principal debtor in conformity therewith and in reliance thereon; (b) the monies spent by Seller to arrange for the auction; (c) the opportunity of solidum with the Purchaser to bid the Seller for the Property; (d) due and punctual fulfilment and discharge of all the promise obligations undertaken by the Purchaser to the Seller pursuant to sell this Agreement, under the Property renunciation of the benefits of excussion and division, the meaning and effect of which benefits and the renunciation thereof he/she acknowledges himself/herself to Purchaser be acquainted. No variation or amendment or novation of this Agreement shall prejudice the suretyship obligations hereby undertaken by the aforesaid guarantor, the object being that he/she shall remain liable at all times as surety and co-principal debtor, even if this Agreement is accepted varied, amended or novated and even if the aforesaid Purchaser is granted an indulgence by Seller as hereinafter provided and (e) for other good and valuable consideration, the receipt and adequacy of which is expressly acknowledged by Purchaser, including the mutual promises made by each party, this Agreement constitutes an irrevocable offer to purchase by Purchaser in accordance with this Agreement which cannot be revoked by Purchaser prior to 5:00 p.m. local time, (based on the location of the Property) on the third business day following Purchaser Execution of this Agreement (“Irrevocable Deadline”)Seller. 2. Such offer to purchase shall not be deemed accepted by Seller until executed by Seller or Seller’s duly authorized agent prior to revocation thereof. Notice from Seller or its duly authorized agent to accept or reject Purchaser’s offer under this Paragraph may be given pursuant to the Notices Paragraph in this Agreement or by telephone and confirmed at a later date by notice given pursuant to Notices Paragraph in this Agreement. Failure of Seller or its duly authorized agent to notify Purchaser on or prior to the Irrevocable Deadline that Seller accepts or rejects Purchaser’s offer shall not constitute acceptance or rejection by Seller of Purchaser’s offer, but Purchaser’s irrevocable offer shall thereafter become revocable.SELLER

Irrevocable Offer. Purchaser Xxxxx further acknowledges that this Agreement is executed and delivered by Purchaser Xxxxx pursuant to an auction conducted on behalf of Seller. In consideration of the following: (a) preserving the integrity of the auction process and assuring that all offers are made in conformity therewith and in reliance thereon; (b) the monies spent by Seller to arrange for the auction; (c) the opportunity of the Purchaser Buyer to bid for the Property; (d) the promise by the Seller to sell the Property to Purchaser Buyer if this Agreement is accepted by Seller as hereinafter provided and (e) for other good and valuable consideration, the receipt and adequacy of which is expressly acknowledged by PurchaserBuyer, including the mutual promises made by each party, this Agreement constitutes an irrevocable offer to purchase by Purchaser Buyer in accordance with this Agreement which cannot be revoked by Purchaser Buyer prior to 5:00 p.m. local time, (based on the location of the Property) on the third five (5) business day following Purchaser Buyer Execution of this Agreement (“"Irrevocable Deadline”"). Such offer to purchase shall not be deemed accepted by Seller until executed by Seller or Seller’s Xxxxxx's duly authorized agent prior to revocation thereof. Notice from Seller or its duly authorized agent to accept or reject Purchaser’s Xxxxx's offer under this Paragraph may be given pursuant to the Notices Paragraph in this Agreement or by telephone and confirmed at a later date by notice given pursuant to Notices Paragraph in this Agreement. Failure of Seller or its duly authorized agent to notify Purchaser Buyer on or prior to the Irrevocable Deadline that Seller accepts or rejects Purchaser’s Xxxxx's offer shall not constitute acceptance or rejection by Seller of Purchaser’s Buyer's offer, but Purchaser’s Xxxxx's irrevocable offer shall thereafter become revocable. Execution hereof by Seller prior to the Irrevocable Deadline shall constitute acceptance by Seller without the need for any further notification by Seller to Buyer and the date of Buyer’s execution hereof, if any, shall be the Effective Date.

Irrevocable Offer. Purchaser further acknowledges that this Agreement is executed and delivered by Purchaser pursuant to an auction conducted on behalf of Seller. In consideration of the following: (a) preserving the integrity of the auction process and assuring that all offers are made in conformity therewith and in reliance thereon; (b) the monies spent by Seller to arrange for the auction; (c) the opportunity of the Purchaser to bid for the Property; (d) the promise by the Seller to sell the Property to Purchaser if this Agreement is accepted by Seller as hereinafter provided and (e) for other good and valuable consideration, the receipt and adequacy of which is expressly acknowledged by Purchaser, including the mutual promises made by each party, this Agreement constitutes an irrevocable offer to purchase by Purchaser in accordance with this Agreement which cannot be revoked by Purchaser prior to 5:00 p.m. local time, (based central time on the location of the Propertyfifth (5) on the third business day following Purchaser Purchaser’s Execution of this Agreement (“the "Irrevocable Deadline”"). Such offer to purchase shall not be deemed accepted by Seller until executed by Seller or Seller’s 's duly authorized agent prior to revocation thereof. Notice from Seller or its duly authorized agent to accept or reject Purchaser’s 's offer under this Paragraph may be given pursuant to the Notices Paragraph in this Agreement or by telephone and confirmed at a later date by notice given pursuant to the Notices Paragraph in this Agreement. Failure of Seller or its duly authorized agent to notify Purchaser on or prior to the Irrevocable Deadline that Seller accepts or rejects Purchaser’s 's offer shall not constitute acceptance or rejection by Seller of Purchaser’s 's offer, but Purchaser’s 's irrevocable offer shall thereafter become revocable. Execution hereof by Seller prior to the Irrevocable Deadline shall constitute acceptance by Seller without the need for any further notification by Seller to Purchaser and the date of Purchaser’s execution hereof, if any, shall be the Effective Date.