Interested Purchaser definition

Interested Purchaser has registered an interest in purchasing a Dwelling Unit in the Project.
Sample 1Sample 2
Interested Purchaser means Purchaser, its successors or assigns, if such Person is a borrower or other obligor, or has an Affiliate that is a borrower or other obligor, pursuant to a guarantee, letter of credit or otherwise, under or in connection with any of the Loans or otherwise has an interest in any of the Loans (other than the interests created by this Agreement).
Sample 1
Interested Purchaser has expressed an interest in purchasing one of the available residential condominium units within the Condominium Community (the “Residences” and each a “Residence”) from ORRA. The Residences may be sold in phases and may be made available for sale in ORRA’s sole determination. By submitting this Reservation and the Reservation Deposit, Interested Purchaser shall not have a contract to purchase a Residence but shall have expressed an interest in entering into a purchase contract for the purchase of a Residence at a later date and obtained the right to participate in the “Residence Selection Process” outlined in Sections 5 through 10 below. Interested Purchaser acknowledges and agrees that the number of parties interested in purchasing one of the Residences may exceed the number of Residences available and the availability of any Residence is not guaranteed hereby.
Sample 1

Examples of Interested Purchaser in a sentence

  • ORRA is authorized to accept back-up contracts on any Residence in the event that Interested Purchaser fails to meet its obligations under the Contract.

  • ORRA will present Interested Purchaser with a purchase contract (the “Contract”) for the Residence to which Interested Purchaser is designated as the Potential Buyer during Step Three of the selection process.

  • Interested Purchaser acknowledges and agrees that Interested Purchaser’s sole remedy for any breach of this Reservation Agreement is the return of the Xxxxxxx Money.

  • Interested Purchaser must execute and return the Contract to ORRA during Step Three of the selection process and deliver 10% xxxxxxx money “Xxxxxxx Money Deposit” (defined in Section 10) within four (4) business days to Escrow Agent.

  • XXXX also anticipates that, under the terms of the Contract, upon commencement of construction of the Project, Interested Purchaser will be required to make an additional deposit with ORRA (a “Construction Deposit”) equal to 10% percent of the purchase price of the applicable Residence and those Deposits will be non-refundable at that time.

  • Interested Purchaser and ORRA confirm that this Reservation Agreement is governed by and is subject to the laws of the State of Colorado and is executed within the State of Colorado.

  • Until such time as the Contract is fully executed and Xxxxxxx Money Deposit has been received by Escrow Agent, Interested Purchaser has no obligation to purchase from ORRA, and ORRA has no obligation to sell to Interested Purchaser, such Residence.

  • Interested Purchaser may designate a unit type and up to five (5) Residences it may be interested in purchasing (the “Preferred Residences”).

  • XXXX further anticipates that, under the terms of the Contract, upon the passing of the core and shell inspection, Interested Purchaser will be required to make another deposit with ORRA, the “Additional Construction Deposit”, in an amount equal to 10% of the purchase price of the applicable Residence.

  • Upon the execution of the Contract, Interested Purchaser will be required to deposit an amount equal to 10% of the purchase price of the applicable Residence with the Escrow Agent as the “Xxxxxxx Money Deposit.” The Reservation Deposit will be applied toward the Xxxxxxx Money Deposit.

Related to Interested Purchaser

  • Interested Person shall have the meaning given it in Section 2(a)(19) of the 1940 Act;

  • Interested Party means a person:

  • Purchasing Entity means a state (as well as the District of Columbia and US territories), city, county, district, other political subdivision of a State, or a nonprofit organization under the laws of some states if authorized by a Participating Addendum, that issues a Purchase Order against the Master Agreement and becomes financially committed to the purchase.

  • Purchaser Group means, at any time, the group of companies comprised of the Purchasers, the Guarantor and the Guarantor’s subsidiaries at that time.

  • Interested Trustee means any trustee of a Plan who is also (a) an officer, director, trustee, partner or employee of, or who owns, controls, or holds power to vote 5% or more of the outstanding voting securities of, (i) any Insured (other than such Plan), or (ii) any Affiliated Entity, or (iii) any Fund to which such Insured or any Affiliated Entity provides any services, or (b) an Insured or an Affiliated Entity.

  • Approved purchasing system means a Contractor’s purchasing system that has been reviewed and approved in accordance with Part 44 of the Federal Acquisition Regulation (FAR)