Common use of No Insiders Clause in Contracts

No Insiders. To the knowledge of Purchaser, the Property is not being purchased by (a) any individual employed by Seller or an affiliate of Seller, (b) any director of Seller or an affiliate of Seller, (c) any individual, firm, or company providing professional services including audit, legal, loan review, or appraisal services to Seller or any affiliate of Seller, and (d) any relative or related interest of Seller or Seller's affiliate’s director, employee or professional services provider ("Insiders"). No Insider will receive any compensation, benefit, or anything of value from Purchaser and/or Purchaser's employees or representatives under or relating in any manner to the sale of the Property, except the Auction Company.

Appears in 10 contracts

Samples: Auction Purchase and Sale Agreement, Auction Purchase and Sale Agreement, Auction Purchase and Sale Agreement

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