The Selling Agent Sample Clauses
The "Selling Agent" clause defines the role and responsibilities of the agent representing the seller in a transaction. Typically, this clause outlines the agent's authority to market the property, communicate offers, and facilitate negotiations on behalf of the seller. It may also specify the agent's entitlement to commission and any limitations on their actions. The core function of this clause is to clearly establish the agent's duties and rights, ensuring all parties understand the agent's involvement and preventing disputes over representation or compensation.
The Selling Agent is registered as a broker-dealer with the Commission and is a member of the NASD.
The Selling Agent s Warrant shall not entitle the Holder to any voting rights or other rights, including without limitation notice of meetings of other actions or receipt of dividends, as a stockholder of the Company.
(a) Except as provided in Section 6(b), the Company shall advise the Holder or its permitted transferee, whether the Holder holds the Selling Agent's Warrant or has exercised the Selling Agent's Warrant and holds Shares, by written notice at least four weeks prior to the filing of any new registration statement thereto under the Act, covering any equity securities of the Company, for its own account or for the account of others, except for any registration statement filed on Form S-4 or S-8 (or other comparable form), and will, during the five (5) year period from the Closing Date, upon the request of the Holder, include in any such new registration statement (the "Registration Statement") such information as may be required to permit a public offering of all or any of the Shares underlying the Selling Agent's Warrant (the "Registrable Securities").
(b) At any time during the five (5) year period beginning on the Closing Date, a 50% Holder (as defined below) may request, on one occasion, that the Company register under the Act any and all of the Registrable Securities held by such 50% Holder, at the Company's expense (except as provided below). Upon the receipt of any such notice, the Company will promptly, but no later than four weeks after receipt of such notice, file a post-effective amendment to any existing registration statement or a new registration statement pursuant to the Act (such post-effective amendment or new registration statement, a "Demand Registration Statement"), so that such designated Registrable Securities may be publicly sold under the Act as promptly as practicable thereafter and the Company shall, subject to Section 6(h), use reasonable best efforts to cause such Demand Registration Statement to become effective (including the taking of such reasonable steps as are necessary to obtain the removal of any stop order) within 120 days after the receipt of such notice, provided, that such 50% Holder shall furnish the Company with appropriate information in connection therewith as the Company may reasonably request in writing. The 50% Holder may, at its option, request the registration of any of Registrable Securities in a registration statement made by the Company as contemplated by Section 6(a) or in connection with a request made pursuant...
The Selling Agent. (a) may (with Momentum’s prior consent and cost) repair and refurbish the Trade-in Vehicle including repaint, buff, undertake paint correction among other acts to improve the sale prospects of the Trade-in Vehicle;
(b) will market, advertise, obtain enquires and orders for Trade-in Vehicle from potential buyers; and
(c) will negotiate and conclude a sale contract between the Principal and the Buyer for sale of Trade-in Vehicle to the Buyer.
The Selling Agent s Warrant shall not entitle the Holder to any voting rights or other rights as a shareholder of the Company.
The Selling Agent is registered as a broker-dealer with the Commission and is a member of FINRA.