Common use of NAI's Right to Excess Sales Proceeds Clause in Contracts

NAI's Right to Excess Sales Proceeds. If the cash price actually paid by any third party purchasing the Property from BNPLC during NAI's Extended Remarketing Period, including any price paid by an Applicable Purchaser purchasing from BNPLC pursuant to this Paragraph 2, exceeds the Minimum Extended Remarketing Price, then NAI shall be entitled to the excess; provided, that BNPLC may offset and retain from the excess any and all sums that are then due and unpaid from NAI to BNPLC under any of the Operative Documents.

Appears in 11 contracts

Samples: Purchase Agreement (Network Appliance Inc), Purchase Agreement (Network Appliance Inc), Purchase Agreement (Network Appliance Inc)

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