Common use of Receipt to Purchaser Clause in Contracts

Receipt to Purchaser. Upon any sale by virtue of judicial proceedings, the receipt of the officer making such sale under judicial proceedings shall be sufficient discharge to the purchaser or purchasers at any sale for his or their purchase money, and such purchaser or purchasers, or his or their assigns or personal representatives, shall not, after paying such purchase money and receiving such receipt of such officer therefor, be obligated to see to the application of such purchase money, or be in any way answerable for any loss, misapplication or non-application thereof.

Appears in 7 contracts

Samples: Mortgage, Security Agreement (EnerJex Resources, Inc.), Petrol Oil & Gas Inc, Petrol Oil & Gas Inc

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Receipt to Purchaser. Upon any sale by virtue of judicial proceedings, ------------------- the receipt of the officer making such sale under judicial proceedings shall be sufficient discharge to the purchaser or purchasers at any sale for his or their purchase money, and such purchaser or purchasers, or his or their assigns or personal representatives, shall not, after paying such purchase money and receiving such receipt of such officer therefor, be obligated to see to the application of such purchase money, money or be in any way answerable for any loss, misapplication or non-application thereof.

Appears in 3 contracts

Samples: New Century Energy Corp., New Century Energy Corp., New Century Energy Corp.

Receipt to Purchaser. Upon any sale by virtue of judicial proceedingssale, the receipt of the officer making such sale under judicial proceedings proceedings, shall be sufficient discharge to the purchaser or purchasers at any sale for his or their purchase money, and such purchaser or purchasers, or his or their assigns or personal representatives, shall not, after paying such purchase money and receiving such receipt of such officer therefor, be obligated obliged to see to the application of such purchase money, or be in any way anywise answerable for any loss, misapplication or non-application nonapplication thereof.

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (Gramercy Property Trust Inc.), Credit and Guaranty Agreement (Gramercy Property Trust Inc.)

Receipt to Purchaser. Upon any sale by virtue of judicial proceedings, -------------------- the receipt of the officer making such sale under judicial proceedings shall be sufficient discharge to the purchaser or purchasers at any sale for his or their purchase money, and such purchaser or purchasers, or his or their assigns or personal representatives, shall not, after paying such purchase money and receiving such receipt of such officer therefor, be obligated to see to the application of such purchase money, money or be in any way answerable for any loss, misapplication or non-application thereof.

Appears in 2 contracts

Samples: New Century Energy Corp., New Century Energy Corp.

Receipt to Purchaser. Upon any sale by virtue of judicial proceedings, the receipt of the officer making such sale under judicial proceedings shall be sufficient discharge to the purchaser or purchasers at any sale for his or their purchase money, and such purchaser or purchasers, or his or their assigns or personal representatives, shall not, after paying such purchase money and receiving such receipt of such officer therefor, be obligated to see to the application of such purchase money, money or be in any way answerable for any loss, misapplication or non-application thereof.

Appears in 1 contract

Samples: New Century Energy Corp.

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Receipt to Purchaser. Upon any sale by virtue of judicial proceedingssale, the receipt of the officer making such sale under judicial proceedings proceedings, shall be sufficient discharge to the purchaser or purchasers at any sale for his or their purchase money, and such purchaser or purchasers, or his or their assigns or personal representatives, shall not, after paying such purchase money and receiving such receipt of such officer therefor, be obligated obliged to see to the application of such purchase money, or be in any way anywise answerable for any loss, misapplication or non-application nonapplication thereof.

Appears in 1 contract

Samples: Calpine Corp

Receipt to Purchaser. Upon any sale by virtue of judicial proceedings, -------------------- the receipt of the officer making such sale under judicial proceedings shall be sufficient discharge to the purchaser or purchasers at any sale for his or their purchase money, and such purchaser or purchasers, or his or their assigns or personal representatives, shall not, after paying such purchase money and receiving such receipt of such officer therefor, be obligated to see to the application of such purchase money, or be in any way answerable for any loss, misapplication or non-application thereof.

Appears in 1 contract

Samples: Mortgage, Security Agreement (Texhoma Energy Inc)

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