Examples of Existing Buyer in a sentence
If the Existing Buyer removes the Termination Condition under the Existing Contract, Seller or Seller’s Broker, if applicable, shall notify Back-Up Buyer or Buyer’s Broker, if applicable, within 24 hours after the removal.
If Buyer timely terminates this Back-Up Contract as provided in paragraph 5, or the Existing Buyer has removed the Termination Condition under the Existing Contract, then this Back-Up Contract shall automatically terminate and Buyer shall be deemed to have released Seller and Seller’s Broker and Buyer’s Broker, if applicable, from any claim, demand, liability, or loss under this Back-Up Contract.
Within 24 hours after acceptance of this Back-Up Contract, Seller shall demand removal of the Termination Condition by the Existing Buyer pursuant to the Existing Contract.
In the event that any Existing Buyer shall sell or otherwise transfer any of such Existing Buyer’s Applicable Notes, the transferee shall be allocated a pro rata portion of such Existing Buyer’s Exchange Cap Allocation with respect to such portion of such Applicable Notes so transferred, and the restrictions of the prior sentence shall apply to such transferee with respect to the portion of the Exchange Cap Allocation so allocated to such transferee.
The Existing Buyer Certificate of Incorporation shall be amended and restated in the form of the Buyer Charter.
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When used herein, any reference to Buyer Class A Common Stock shall only be with respect to periods prior to the Closing and the effective amendment and restatement of the Existing Buyer Certificate of Incorporation in the form of the Buyer Charter, and shall be a reference to Buyer Class A Common Stock having the rights, powers and preferences set forth in the Existing Buyer Certificate of Incorporation.
In the event that such Existing Buyer shall sell or otherwise transfer any of such Existing Buyer’s Series B Preferred Stock, the transferee shall be allocated a pro rata portion of such Existing Buyer’s Exchange Cap Allocation with respect to such portion of such Series B Preferred Stock so transferred, and the restrictions of the prior sentence shall apply to such transferee with respect to the portion of the Exchange Cap Allocation so allocated to such transferee.
The obligations of the Holder under this Amendment are several and not joint with the obligations of any other Existing Buyer (each, an “Other Holder”), and the Holder shall not be responsible in any way for the performance of the obligations of any Other Holder under any other agreement (each, an “Other Agreement”).
When used herein, any reference to Buyer Class B Common Stock shall only be with respect to periods prior to the Closing and the effective amendment and restatement of the Existing Buyer Certificate of Incorporation in the form of the Buyer Charter, and shall be a reference to Buyer Class B Common Stock having the rights, powers and preferences set forth in the Existing Buyer Certificate of Incorporation.