Bulk buyer definition

Bulk buyer means a person who acquires more than seven condominium parcels in a single condomin- ium as set forth in s. 718.707, but who does not receive an assignment of any developer rights, or receives only some or all of the following rights:
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Bulk buyer means a person who acquires more than
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Bulk buyer means a person who acquires more than 944 seven condominium parcels in a single condominium as set forth 945 in s. 718.707, but who does not receive an assignment of any
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Examples of Bulk buyer in a sentence

  • Dear Sir,I/ We hereby express my interest for empanelment as Bulk buyer for purchase of Wheat under FCI OMSS(D) through National Spot Exchange: 1.

  • Dear Sir, I/ We hereby express my interest for empanelment as Bulk buyer for purchase of Wheat under FCI OMSS(D) through National Spot Exchange: 1.


More Definitions of Bulk buyer

Bulk buyer means a person who acquires more than seven condominium parcels as set forth in s. 718.707, but who does not receive an assignment of developer rights other than the right to conduct sales, leasing, and marketing activities within the condominium; the right to be exempt from the payment of working capital contributions to the condomi- nium association arising out of, or in connection with, the bulk buyer’s acquisition of a bulk number of units; and the right to be exempt from any rights of first refusal which may be held by the condominium association and would otherwise be applicable to subsequent transfers of title from the bulk buyer to a third party purchaser concerning one or more units.
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Bulk buyer means a person who acquires more than 1336 seven condominium parcels as set forth in s. 718.707 but who 1337 does not receive an assignment of any developer rights other 1338 than the right to conduct sales, leasing, and marketing 1339 activities within the condominium. 1340 718.704 Assignment of developer rights to and assumption of 1341 developer rights by bulk assignee; bulk buyer.— 1342 (1) A bulk assignee shall be deemed to have assumed and is 1343 liable for all duties and responsibilities of the developer 1344 under the declaration and this chapter, except: 1345 (a) Warranties of the developer under s. 718.203(1) or s. 1346 718.618, except for design, construction, development, or repair 1347 work performed by or on behalf of such bulk assignee. 1348 (b) The obligation to: 1349 1. Fund converter reserves under s. 718.618 for a unit that 1350 was not acquired by the bulk assignee; or 1351 2. Provide converter warranties on any portion of the 1352 condominium property except as may be expressly provided by the 1353 bulk assignee in the contract for purchase and sale executed 1354 with a purchaser and pertaining to any design, construction, 1355 development, or repair work performed by or on behalf of the 1356 bulk assignee. 1357 (c) The requirement to provide the association with a 1358 cumulative audit of the association’s finances from the date of 1359 formation of the condominium association as required by s. 1360 718.301. However, the bulk assignee shall provide an audit for 1361 the period for which the bulk assignee elects a majority of the 1362 members of the board of administration. 1363 (d) Any liability arising out of or in connection with
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Bulk buyer means a person who acquires more than seven condominium
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Bulk buyer means a person who acquires more than seven condominium parcels in a single
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Related to Bulk buyer

  • Buyer has the meaning set forth in the preamble.

  • The Purchaser means the organization purchasing the Goods, as named in SCC.

  • U.S. Purchaser means any purchaser of the Offered Securities that is, or is acting for the account or benefit of, a person in the United States, or any person offered the Offered Securities in the United States.

  • Purchaser means the organization purchasing the goods.

  • Sellers has the meaning set forth in the preamble.

  • Retail buyer or "buyer" means a person who buys goods and services, or services from a contractor pursuant to a home improvement installment contract, or goods and services from a contractor pursuant to a home improvement charge agreement.

  • Seller has the meaning set forth in the Preamble.

  • First purchaser means the first buyer of a manufactured item that contains ferrous or nonferrous metal in a retail or business-to-business transaction. A person that purchases scrap metal, or other property described in section 10, in violation of this act, or an automotive recycler, pawnshop, scrap metal recycler, or scrap processor is not considered a first purchaser.

  • Qualified buyer means an applicant who meets the criteria in section 4.