No Sale definition

No Sale occurs if Property is offered at the Auction but is not Struck Off or sold, and Auctioneer passes on such Property or declares a No Sale.

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No Sale means that the Property has been offered at the Auction but was not Struck Off or sold (i) because no bids were accepted, (ii) because the Reserve Price was not met, or (iii) because of some other reason except for Seller’s breach of this Agreement, and either (i) bidding, or the solicitation of bids, ended by Auctioneer’s declaration of a “No Sale” using that specific term, or (ii) Auctioneer concluded the Auction, in its entirety, without the Property having

No Sale. Until the earlier of (i) the lapse of 30 months from the date hereof; (ii) the execution of investment agreements by the Company with external non-affiliated investor (other than Kitov or a Company controlled by Kitov), according to which the Company shall issue 10% or more of its issued share capital immediately prior to such issuance, , (iii) immediately prior to a Qualified Initial Public Offering ("IPO"), (iv) immediately prior to the consummation of a merger or sale of all or substantially all of the Company's assets or share capital (“M&A Transaction”, and together with an IPO, an “Exit Event”), or (v) the lapse of 60 days following the Company’s Milestone Notice, Kitov shall not make any transfer, except for: (i) up to 15% of the issued share capital of the Company or (ii) transfer to a Permitted Transferee.

Examples of No Sale in a sentence

No Sale has been made for or on account of an antecedent debt owed by any Originator to the Borrower and no such Sale is or may be avoidable or subject to avoidance under any bankruptcy laws, rules or regulations.
If the reserve is not reached and the item does not sell it will be subject to a No Sale Fee: 5% of the reserve price or $500 (whichever is less).
No Sale of the Hotel shall reduce or otherwise affect: (a) the current level of Working Capital; (b) the current amount deposited in the Reserve; or (c) the amount in any of the Operating Accounts maintained by Management Company pursuant to this Agreement.
No Sale Site Subsidiary holds any Excluded Assets or Excluded Liabilities.
No Sale Notice will be deemed delivered, on a day that is not a Trading Day.
No Sale of the Hotel shall reduce or otherwise affect: (a) the current level of Working Capital; (b) the current amount deposited in the Reserve; or (c) any of the operating accounts maintained by Management Company pursuant to this Agreement.
Return of Equipment; Internal Use; No Sale, Transfer, Assignment; Copies.
No Sale of such other oil products shall be deemed to be made to Specified Buyers until the Notice and Consent to which the relevant Specified Buyer is a party has been executed or amended to include such other oil products as Eligible Products thereunder.
No Sale, transfer or foreclosure shall affect the validity of this Covenant, except as provided in Article VIII.
No Sale of Shares shall be final or effective until the Board receives the written approval of the Monitor.

More Definitions of No Sale

No Sale means that the Board, a designated committee of Board members or a designated Board member announces that the Board no longer wishes to pursue a Full Sale or Partial Sale of the Credit Business.