Common use of PROHIBITED PURCHASER Clause in Contracts

PROHIBITED PURCHASER. Purchaser hereby acknowledges that certain persons are prohibited from purchasing assets from Seller and that under certain circumstances Seller will not sell assets to certain persons. Accordingly, prior to or contemporaneously with the execution of this Contract, Xxxxxxxxx has completed, executed, and delivered to Seller a Purchaser Eligibility Certification (the “PEC”) in the form attached here to as Exhibit “C.” Purchaser hereby represents and warrants to Seller that the PEC is true and correct, and Purchaser hereby further acknowledges that Seller is relying on the truth and accuracy of the PEC. Any incorrect information on the PEC shall be a default by Purchaser under this Contract. Accordingly, if Seller determines prior to Closing that any portion of the PEC is incorrect, Seller may terminate this Contract and retain the Xxxxxxx Money as provided for in Section 16 hereof, and may pursue any other sanctions provided by law.

Appears in 6 contracts

Samples: Auction Real Estate Purchase and Sale Contract, Auction Real Estate Purchase and Sale Contract, Auction Real Estate Purchase and Sale Contract

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PROHIBITED PURCHASER. Purchaser hereby acknowledges that certain persons are prohibited from purchasing assets from Seller and that under certain circumstances Seller will not sell assets to certain persons. Accordingly, prior to or contemporaneously Contemporaneously with the execution of this Contract, Xxxxxxxxx has completed, executed, and delivered to Seller a Purchaser Eligibility Certification (the “PEC”) in the form attached here to as Exhibit “C.” Purchaser hereby represents and warrants to Seller that the completed PEC is true and correct, and Purchaser hereby further acknowledges that Seller is relying on the truth and accuracy of the completed PEC. Any incorrect information on the PEC shall be will constitute a default by Purchaser under this ContractContract by Purchaser. Accordingly, if Seller determines prior to Closing that any portion of the Purchaser’s completed PEC is incorrect, Seller may terminate this Contract and retain the Xxxxxxx Money as provided for in pursuant to Section 16 hereof, and may pursue any other sanctions provided by law.

Appears in 4 contracts

Samples: Auction Real Estate Purchase and Sale Contract, Auction Real Estate Purchase and Sale Contract, Auction Real Estate Purchase and Sale Contract

PROHIBITED PURCHASER. Purchaser hereby acknowledges that certain persons are prohibited from purchasing assets from Seller and that under certain circumstances Seller will not sell assets to certain persons. Accordingly, prior to or contemporaneously Contemporaneously with the execution of this Contract, Xxxxxxxxx has completed, executed, and delivered to Seller a Purchaser Eligibility Certification (the "PEC") in the form attached here to as Exhibit "C." Purchaser hereby represents and warrants to Seller that the completed PEC is true and correct, and Purchaser hereby further acknowledges that Seller is relying on the truth and accuracy of the completed PEC. Any incorrect information on the PEC shall be will constitute a default by Purchaser under this ContractContract by Purchaser. Accordingly, if Seller determines prior to Closing that any portion of the Purchaser's completed PEC is incorrect, Seller may terminate this Contract and retain the Xxxxxxx Money as provided for in pursuant to Section 16 hereof, and may pursue any other sanctions provided by law.

Appears in 1 contract

Samples: Real Estate Purchase and Sale Contract

PROHIBITED PURCHASER. Purchaser hereby acknowledges that certain persons are prohibited by law from purchasing assets from Seller and that under certain circumstances Seller will not sell assets to certain persons. Accordingly, prior to or contemporaneously Contemporaneously with the execution of this Contract, Xxxxxxxxx has Purchaser acknowledges having completed, executed, and delivered to Seller a Purchaser Eligibility Certification (the “PEC”) in the form attached here to as Exhibit “C.D.” Purchaser hereby represents and warrants to Seller that the completed PEC is true and correct, and Purchaser hereby further acknowledges that Seller is relying on the truth and accuracy of the completed PEC. Any incorrect information on the PEC shall be a will constitute Purchaser's default by Purchaser under this Contract. Accordingly, if Seller determines prior to Closing that any portion of the Purchaser's completed PEC is incorrect, Seller may terminate this Contract and Contract, retain the Xxxxxxx Money as provided for in pursuant to Section 16 hereof, and may pursue any other sanctions remedies provided by law.

Appears in 1 contract

Samples: Real Estate Purchase and Sale Contract

PROHIBITED PURCHASER. Purchaser hereby acknowledges that certain persons are prohibited from purchasing assets from Seller and that under certain cetiain circumstances Seller will not sell assets to certain ce1iain persons. Accordingly, prior to or contemporaneously Contemporaneously with the execution of this Contract, Xxxxxxxxx Purchaser has completed, executed, and delivered to Seller a Purchaser Eligibility Certification (the "PEC") in the form attached here to as Exhibit "C." Purchaser hereby represents and warrants to Seller that the completed PEC is true and correct, and Purchaser hereby further acknowledges that Seller is relying on the truth and accuracy of the completed PEC. Any incorrect information on the PEC shall be will constitute a default by Purchaser under this ContractContract by Purchaser. Accordingly, if Seller determines prior to Closing that any portion of the Purchaser's completed PEC is incorrect, Seller may terminate this Contract and retain the Xxxxxxx Money as provided for in pursuant to Section 16 hereof, and may pursue any other sanctions provided by law.

Appears in 1 contract

Samples: Real Estate Purchase and Sale Contract

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PROHIBITED PURCHASER. Purchaser hereby acknowledges that certain persons are prohibited by law from purchasing assets from Seller and that under certain circumstances Seller will not sell assets to certain persons. Accordingly, prior to or contemporaneously Contemporaneously with the execution of this Contract, Xxxxxxxxx has Purchaser acknowledges having completed, executed, and delivered to Seller a Purchaser Eligibility Certification (the “PEC”) in the form attached here to as Exhibit “C.D.” Purchaser hereby represents and warrants to Seller that the completed PEC is true and correct, and Purchaser hereby further acknowledges that Seller is relying on the truth and accuracy of the completed PEC. Any incorrect information on the PEC shall be a will constitute Purchaser's default by Purchaser under this Contract. Accordingly, if Seller determines prior to Closing that any portion of the Purchaser's completed PEC is incorrect, Seller may terminate this Contract and Contract, retain the Xxxxxxx Money as provided for in pursuant to Section 16 hereof, and may pursue any other sanctions remedies provided by law.law.‌

Appears in 1 contract

Samples: Real Estate Purchase and Sale Contract

PROHIBITED PURCHASER. Purchaser hereby acknowledges that certain persons are prohibited from purchasing assets from Seller and that under certain circumstances Seller will not sell assets to certain persons. Accordingly, prior to or contemporaneously with the execution of this Contract, Xxxxxxxxx Purchaser has completed, executed, and delivered to Seller a Purchaser Eligibility Certification (the “PEC”) in the form attached here to as Exhibit “C.” Purchaser hereby represents and warrants to Seller that the PEC is true and correct, and Purchaser hereby further acknowledges that Seller is relying on the truth and accuracy of the PEC. Any incorrect information on the PEC shall be a default by Purchaser under this Contract. Accordingly, if Seller determines prior to Closing that any portion of the PEC is incorrect, Seller may terminate this Contract and retain the Xxxxxxx Money as provided for in Section 16 hereof, and may pursue any other sanctions provided by law.

Appears in 1 contract

Samples: Auction Real Estate Purchase and Sale Contract

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