Non-paying Buyer Sample Clauses

Non-paying Buyer. In the event that TCS is unable to collect payment from a buyer, no payment shall be made to Owner for the property; however, any fees associated with the property shall still be paid to TCS to the extent that TCS is unable to recover the charges. Once TCS deems the sale unable to be collected, the property may be re- listed at the discretion of TCS or offered to the other bidders in the auction.
Sample 1
AutoNDA by SimpleDocs
Non-paying Buyer. In the event that the Consignee is unable to collect payment from a buyer, no payment shall be made to Consignor for the property; however, any fees associated with the property shall still be paid to the Consignee to the extent that the Consignee is unable to recover the charges. Once the Consignee deems the sale unable to be collected, the property may be re-listed at the discretion of the Consignee or offered to the other bidders in the auction. Consignee shall not be responsible for collecting or attempting to collect any payments owed to it or the Consignor. The Consignor shall hold the Consignee harmless in the event of a non-paying buyer for any amount which would have been collected or any loss resulting from the resale of the property.
Sample 1
Non-paying Buyer. In the event that I Buy Luxury is unable to collect payment from a buyer, no payment shall be made to Consignor for the property; however, any fees associated with the property shall still be paid to I Buy Luxury to the extent that I Buy Luxury is unable to recover the charges. Once I Buy Luxury deems the sale unable to be collected, the property may be re-listed at the discretion of I Buy Luxury or offered to the other bidders in the auction. I Buy Luxury shall not be responsible for collecting or attempting to collect any payments owed to it or the Consignor. The Consignor shall hold I Buy Luxury harmless in the event of a non-paying buyer for any amount which would have been collected or any loss resulting from the resale of the property.
Sample 1

Related to Non-paying Buyer

  • Sale and Purchase Upon the basis of the representations and warranties and subject to the terms and conditions herein set forth, the Company agrees to issue and sell to the respective Underwriters and each of the Underwriters, severally and not jointly, agrees to purchase from the Company the number of Firm Shares set forth opposite the name of such Underwriter in Schedule A attached hereto, subject to adjustment in accordance with Section 8 hereof, in each case at a purchase price of $____ per Share. The Company is advised by you that the Underwriters intend (i) to make a public offering of their respective portions of the Firm Shares as soon after the effective date of the Registration Statement as in your judgment is advisable and (ii) initially to offer the Firm Shares upon the terms set forth in the Prospectus. You may from time to time increase or decrease the public offering price after the initial public offering to such extent as you may determine. In addition, the Company hereby grants to the several Underwriters the option to purchase, and upon the basis of the representations and warranties and subject to the terms and conditions herein set forth, the Underwriters shall have the right to purchase, severally and not jointly, from the Company, ratably in accordance with the number of Firm Shares to be purchased by each of them, all or a portion of the Additional Shares as may be necessary to cover over-allotments made in connection with the offering of the Firm Shares, at the same purchase price per share to be paid by the Underwriters to the Company for the Firm Shares. This option may be exercised by UBS Securities LLC ("UBS") on behalf of the several Underwriters at any time and from time to time on or before the thirtieth day following the date of the Prospectus, by written notice to the Company. Such notice shall set forth the aggregate number of Additional Shares as to which the option is being exercised and the date and time when the Additional Shares are to be delivered (such date and time being herein referred to as the "additional time of purchase"); provided, however, that the additional time of purchase shall not be earlier than the time of purchase (as defined below) nor earlier than the second business day after the date on which the option shall have been exercised nor later than the tenth business day after the date on which the option shall have been exercised. The number of Additional Shares to be sold to each Underwriter shall be the number which bears the same proportion to the aggregate number of Additional Shares being purchased as the number of Firm Shares set forth opposite the name of such Underwriter on Schedule A hereto bears to the total number of Firm Shares (subject, in each case, to such adjustment as you may determine to eliminate fractional shares), subject to adjustment in accordance with Section 8 hereof.

  • Currencies of Tender and Payment 14.1 The currency (ies) of the Tender, the currency (ies) of award and the currency (ies) of contract payments shall be the same.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!