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Common use of Sale of Clause in Contracts

Sale of. All Livestock to the Member: The Member, if not in default under this Agreement, shall have the right to purchase the Association’s interest in all of the Livestock referred to in Livestock Supply Forms for the same Supply Period on the following terms: (a) The purchase price payable by the Member for the Livestock shall be the total amount of the Member’s Obligations, plus Goods and Service Tax (if applicable) for the Supply Period; (b) The purchase may be made by tendering payment of the purchase price to the Association. Payment may be made by bank draft, certified cheque or by such other means as may be acceptable to the Association; (c) Following receipt of payment, the Association shall provide the Member with a bill of sale with respect to the Livestock purchased, transferring the Livestock to the Member free and clear of the Association’s security and the security of the Association’s Lender; and (d) The payment of this purchase price shall satisfy the Member’s Obligations with respect to this Supply Period.

Appears in 1 contract

Samples: Feeder Association Member Agreement

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Sale of. All Livestock to the Member: The Member, if not in default under this Agreement, shall have the right to purchase the Association’s interest in all of the Livestock referred to in Livestock Supply Forms for the same Supply Period on the following terms: (a) The purchase price payable by the Member for the Livestock shall be the total amount of the Member’s Obligations, plus Goods and Service Tax (if applicable) for the Supply Period; (b) The purchase may be made by tendering payment of the purchase price to the Association. Payment may be made by bank draft, certified cheque or by such other means as may be acceptable to the Association; (c) Following receipt of payment, the Association shall provide the Member with a bill xxxx of sale with respect to the Livestock purchased, transferring the Livestock to the Member free and clear of the Association’s security and the security of the Association’s Lender; and (d) The payment of this purchase price shall satisfy the Member’s Obligations with respect to this Supply Period.

Appears in 1 contract

Samples: Feeder Association Member Agreement

Sale of. All Livestock to the Member: The Member, if not in default under this Agreement, shall have the right to purchase the Association’s interest in all of the Livestock referred to in Livestock Supply Forms for the same Supply Period on the following terms: (a) The purchase price payable by the Member for the Livestock shall be the total amount of the Member’s Obligations, plus Goods and Service Tax (if applicable) for the Supply Period; (b) The purchase may be made by tendering payment of the purchase price to the Association. Payment may be made by bank draft, certified cheque or by such other means as may be acceptable to the Association; (c) Following receipt of payment, the Association shall provide the Member with a bill xxxx of sale with respect to the Livestock purchased, transferring the Livestock to the Member free and clear of the Association’s security and the security of the Association’s Lender; andand‌‌‌ (d) The payment of this purchase price shall satisfy the Member’s Obligations with respect to this Supply Period.

Appears in 1 contract

Samples: Feeder Association Member Agreement

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Sale of. All Livestock to the Member: The Member, if not in default under this Agreement, shall have the right to purchase the Association’s interest in all of the Livestock referred to in Livestock Supply Forms for the same Supply Period on the following terms: (a) The purchase price payable by the Member for the Livestock shall be the total amount of the Member’s Obligations, plus Goods and Service Tax (if applicable) for the Supply Period; (b) The purchase may be made by tendering payment of the purchase price to the Association. Payment may be made by bank draft, certified cheque or by such other means as may be acceptable to the Association; (c) Following receipt of payment, the Association shall provide the Member with a bill of sale with respect to the Livestock purchased, transferring the Livestock to the Member free and clear of the Association’s security and the security of the Association’s Lender; andand‌‌‌ (d) The payment of this purchase price shall satisfy the Member’s Obligations with respect to this Supply Period.

Appears in 1 contract

Samples: Feeder Association Member Agreement

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