Examples of Majority Seller in a sentence
At the closing, the selling Majority Seller shall deliver to the Purchaser the certificates representing the Shares, duly endorsed for transfer, as the Purchaser may reasonably require.
Buyer covenants that prior to the Closing, Buyer shall deliver to the Majority Seller a copy of the form of Assignment of Purchase Agreement for the Majority Seller's review and approval.
In the event the insurance claim is approved and the Majority Seller is obligated pursuant to the terms of this Section 5.7 to make insurance monies available to Buyer, the Majority Seller shall pay to Buyer any deductible amount under the insurance policy covering the Property together with any such insurance monies.
To the Best of the Majority Seller's Knowledge, as of the Effective Date and the Closing Date, neither the REIT nor the Partnership has or shall have received written notice of any special assessments or reassessments affecting the Property except for such notices that the Majority Seller shall have forwarded to Buyer.
If the final determination of operating expenses and/or taxes due under the Leases show that a net amount is owed by Buyer to the Sellers, Buyer shall, within ten (10) Business Days of such final determination and receipt from the tenants, remit to the Majority Seller on behalf of the Sellers, Sellers' portion of operating expenses and/or taxes for the period up to and including the Closing Date, if, as and when received.