Common use of Vendor Deemed Purchaser's Agent Clause in Contracts

Vendor Deemed Purchaser's Agent. (a) Insofar as Vendor maintains the Assets and takes actions in relation thereto on Purchaser's behalf pursuant to this ARTICLE 8, Vendor shall be deemed to have been Purchaser's agent hereunder. Purchaser ratifies all actions taken by Vendor or refrained from being taken by Vendor pursuant to this ARTICLE 8 in such capacity during such period, with the intention that all such actions shall be deemed to be Purchaser's actions.

Appears in 5 contracts

Samples: Asset Purchase Agreement, Asset Purchase Agreement, Asset Purchase Agreement

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Vendor Deemed Purchaser's Agent. (a) Insofar as Vendor maintains the Assets and takes actions in relation thereto on Purchaser's behalf pursuant to this ARTICLE 8and in accordance with clauses 5.1, 5.2 or 5.3, Vendor shall be deemed to have been Purchaser's agent hereunder. Purchaser ratifies all actions taken by Vendor or refrained from being taken by Vendor pursuant to this ARTICLE 8 and in accordance with clauses 5.1, 5.2 or 5.3 in such capacity during such period, with the intention that all such actions shall be deemed to be Purchaser's actions's.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Barnwell Industries Inc), Execution Version (Barnwell Industries Inc)

Vendor Deemed Purchaser's Agent. (a) Insofar as Vendor maintains the Assets and takes actions in relation thereto on Purchaser's behalf pursuant to this ARTICLE 8Article 5, Vendor shall be deemed to have been Purchaser's agent hereunder. Purchaser ratifies all actions taken by Vendor or refrained from being taken by Vendor pursuant to this ARTICLE 8 Article 5 in such capacity during such period, with the intention that all such actions shall be deemed to be Purchaser's actions's.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Barnwell Industries Inc)

Vendor Deemed Purchaser's Agent. (a) Insofar as Vendor maintains the Assets and takes actions in relation thereto on Purchaser's behalf pursuant to this ARTICLE 8Article 7, provided Closing occurs Vendor shall be deemed to have been Purchaser's agent hereunder. Provided Closing occurs, Purchaser ratifies all actions taken by Vendor or refrained from being taken by Vendor pursuant to this ARTICLE 8 Article 7 in such capacity during such period, with the intention that all such actions shall be deemed to be Purchaser's actions.

Appears in 1 contract

Samples: Purchase and Sale Agreement

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Vendor Deemed Purchaser's Agent. (a) Insofar as Vendor maintains the Assets Assets, or any of them, and takes actions in relation thereto on Purchaser's behalf pursuant to this ARTICLE 8, Vendor shall be deemed to have been Purchaser's agent hereunder. Purchaser ratifies all actions taken by Vendor or refrained from being taken by Vendor pursuant to this ARTICLE 8 in such capacity during such period, with the intention that all such actions shall be deemed to be Purchaser's actions.

Appears in 1 contract

Samples: Asset Purchase Agreement

Vendor Deemed Purchaser's Agent. (a) Insofar as Vendor holds or maintains the Assets and takes actions in relation thereto on Purchaser's ’s behalf pursuant to this ARTICLE 8, Vendor shall be deemed to have been Purchaser's ’s agent hereunderhereunder and to be holding or maintaining such Assets in trust as bare trustee for and on behalf of Purchaser. Purchaser ratifies all actions taken by Vendor or refrained from being taken by Vendor pursuant to this ARTICLE 8 in such capacity during such period, with the intention that all such actions shall be deemed to be Purchaser's ’s actions.

Appears in 1 contract

Samples: Purchase and Sale Agreement

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