Sale and Purchase of Assets. (a) The Manager shall, in accordance with instructions from the Board, supervise the sale and purchase of assets on the Company’s behalf including the completion of such transactions. (b) In respect of any sale or purchase of an asset, the Manager shall provide assistance which shall include, but not be limited to, arranging the financing in the case of a purchase and, if necessary, renegotiating existing financing, and in the case of a sale or purchase, arranging other contractual agreements required by the transaction and the general completion of the specific transaction. (c) The Manager shall assist the Board in reviewing the market for sale and purchase of assets and providing the Company with recommendations in this respect. Any contracts related to a sale or purchase of an asset shall always be subject to the final approval of the Board.
Appears in 26 contracts
Samples: Management and Administrative Services Agreement (Torque Lifestyle Brands, Inc.), Management and Administrative Services Agreement (Gentech Holdings, Inc.), Management and Administrative Services Agreement
Sale and Purchase of Assets. (a) The Manager shall, in accordance with specific instructions from the BoardCompany, supervise the sale and purchase of assets on the Company’s behalf behalf, including the completion of such transactions.
(b) In respect of any sale or purchase of an asset, the Manager shall provide assistance which shall include, but shall not be limited to, arranging the financing in the case of a purchase and, if necessary, renegotiating existing financing, and in the case of a sale or purchase, purchase arranging other contractual agreements arrangements required by the transaction and the general completion of the specific transactiontransaction in question.
(c) The Manager shall assist the Board in reviewing monitoring the market for the sale and purchase of relevant assets and providing provide the Company with recommendations in this respect. Any contracts related to a sale or purchase of an asset shall always be subject to the final approval of the Board.
Appears in 1 contract
Sale and Purchase of Assets. (a) The Manager shall, in accordance with instructions from the Board, supervise the sale and purchase of assets on the Company’s behalf behalf, including the completion of such transactions.
(b) In respect of any sale or purchase of an asset, the Manager shall provide assistance which shall include, but not be limited to, arranging the financing in the case of a purchase and, if necessary, renegotiating existing financing, and in the case of a sale or purchase, arranging other contractual agreements required by the transaction and the general completion of the specific transaction.
(c) The Manager shall assist the Board in reviewing the market for sale and purchase of assets and providing the Company with recommendations in this respect. Any contracts related to a sale or purchase of an asset shall always be subject to the final approval of the Board.
Appears in 1 contract
Samples: Management and Administrative Services Agreement (BTHC X Inc)
