Offer to Buy definition
Examples of Offer to Buy in a sentence
The payment of the purchase price and the purchase of this Real Estate is subject to the conditions and contingencies described in this Offer to Buy Real Estate and Acceptance, but is not subject to financing.
In the event the Whitehall Group defaults in its obligation either to cause the Company to sell Pointview (if the Pointview Offer to Sell is accepted) or buy Pointview (if the Pointview Offer to Buy is accepted), it will lose all further right to trigger a buy-sell with respect to Pointview and WCPT will have the right to exercise all such rights granted to the Whitehall Group under this Section 10(a)(i) (and in such event the Whitehall Group will have the same rights as WCPT hereunder).
To the extent not completed prior to the Effective Date, the Lender agrees that upon execution of this Agreement by the parties hereto, the Lender shall consent to the sale to Iowa Regional Utilities d/b/a Central Iowa Water Association (the “Association”) by Central Iowa Energy, LLC (“CIE”), of the real estate described in that certain Offer to Buy Real Estate and Acceptance between CIE and the Association as approved by CIE’s Board of Directors on September 16, 2009.
In the event the Company (or WCPT, in the event the Pointview Offer to Buy is accepted, or the Whitehall Group, in the event the Pointview Offer to Sell is accepted) defaults in its obligation to sell (or to cause the Company to sell) Pointview, the non-defaulting party will be entitled to the return of the deposit or to seek specific performance.
If within such 45-day period, WCPT shall not have delivered a Pointview Election Notice expressly making an election to accept the Pointview Offer to Sell, then WCPT shall be conclusively deemed to have irrevocably and unconditionally accepted the Pointview Offer to Buy.
If within such 45-day period, WCPT shall not have delivered an Election Notice, then WCPT shall be conclusively deemed to have irrevocably accepted the Whitehall Group’s Pointview Offer to Buy.
Upon exercise of the option, the parties agree to bound without further action to the terms and conditions as set out in the Iowa State Bar Association form for Offer to Buy Real Estate and Acceptance (Nonresidential), attached hereto as Exhibit B (the “Purchase Agreement”).
If within such 30-day period, the Non-Triggering Party shall not have delivered a Global Election Notice, then the Non-Triggering Party shall be conclusively deemed to have accepted the Triggering Party’s Global Offer to Buy.
Within 30 days after receipt of a Global Buy-Sell Notice, the Non-Triggering Party shall deliver to the Triggering Party an irrevocable binding notice (the “Global Election Notice”) specifying whether it elects to accept the Trigger Party’s Global Offer to Buy or Global Offer to Sell.
Within 45 days after receipt of a Pointview Buy-Sell Notice, WCPT shall deliver to the Whitehall Group a notice in the form attached to this Agreement as Schedule 8.2(b)(i)-B (the 'Pointview Election Notice') specifying whether it elects to accept the Pointview Offer to Buy or to accept the Pointview Offer to Sell, which Pointview Election Notice shall be binding and shall constitute an irrevocable and unconditional acceptance of the Pointview Offer to Buy or the Pointview Offer to Sell, as applicable.