Settlement of Sale. Provided that the parties have not agreed to consummate a Purchase Transaction pursuant to Section 2.2(d)(i), the Purchaser’s obligation to acquire any AOG Units from the Holder (x) in a Registered Sale is conditioned upon its ability to complete a Registered Sale of Class A Shares and receive gross cash proceeds per share at or above the Minimum Sale Price and (y) in a Private Placement is conditioned upon its ability to complete a Private Placement of Class A Shares and receive gross cash proceeds per share at or above the Minimum Sale Price on the applicable Quarterly Sale Date. As promptly as practicable following the consummation of a Sale Transaction and the surrender for exchange of AOG Units as set forth in Section 2.1(b), the Purchaser shall deliver or cause to be delivered to the Holder the Cash Amount by wire transfer of immediately available funds to the account of the Holder set forth on the applicable Notice of Sale.
Settlement of Sale. Proceeds realized from the Sale will be applied in the following order: (1) to the payment of the auction commission, (2) to offset any debt incurred on sold items, purchase made by the Consignor, or moving costs, (3) other amounts due to us or any of our affiliated companies, including without limitation fees incurred from any expertization or appraisal services, and commissions set by websites on which we offer consigned items for sale. (4) The net proceeds from the sale of the Property realized will be mailed to you within 30 banking days after the sale proceeds are collected. Consignor checks will be mailed via USPS unless otherwise agreed upon between FAC and the consignor in writing. The consignor has no claim or ownership to sold, then abandoned property once FAC has completed the auction. The Consignor hereby signs and agrees to all the terms and conditions specified in this agreement: Date: Date: Consignor Fair Auction Co. Representative List of items with Detailing or Reserves Reserve/Detail Description Additional sheet used? Consignor Information: Name Phone Email Address City State Zip
