Examples of Auction Purchaser in a sentence
As per the Terms and Conditions of the Auction, Purchaser acknowledges that the escrow deposit will be forfeited upon the Purchaser’s default or Purchaser’s non-performance of this Contract of Purchase, along with any executed amendments or extension(s) thereof.
Within twenty-four (24) hours of completion of the Auction, Purchaser shall wire to Title Company an “Xxxxxxx Money Binder” in the amount of and /100 Dollars ($ ).
By participating in the Auction, Purchaser shall be deemed to have accepted the Aircraft “as is, where is, with all faults”.
Not later than two days prior to the Auction, Purchaser shall provide the list (the “Designated Contracts List”) of executory contracts and unexpired leases (collectively, the “Designated Contracts”) that it wishes Seller to assume and assign to Purchaser.
In the event of a sale of the Property other than by Auction, Purchaser is advised that the Terms of Auction are still incorporated into this Sale Contract to define the entire agreement between Seller and Purchaser for the purchase and sale of the Property, and Purchaser is advised to obtain, read, and fully understand the Terms of Auction before entering into this Sale Contract.
If Purchaser is not the High Bidder at the Auction, Purchaser shall be entitled to (x) the Deposit and interest accrued thereon and (y) subject to Court approval, a break-up fee equal to Purchaser's actual out of pocket costs paid to third party, including attorneys' fees, in conducting its due diligence investigations (the "Break-Up Fee"), but shall not be entitled to specifically enforce Seller's obligation to convey the Assets.
By a Deed of Declaration dated 7th November, 2022, registered in the Office of the Additional Registrar of Assurances IV, Kolkata, in Book No. I, Volume No. 1904-2022, at Pages 1078327 to 1078348, Being No. 190418165 for the year 2022, the State Bank of India as the Auction Seller and the Owner as the Auction Purchaser rectified few typographical errors in the Said Deed.
Within 24 hours of completion of the Auction, Purchaser shall wire to Title Company an Additional Deposit in the amount of and /100 Dollars ($ ), in an amount sufficient to raise the Deposit to ten percent (10%) of the Purchase Price.