Pending Sale definition
Examples of Pending Sale in a sentence
For the purpose of this Section, Pending Sale shall be defined as any sale to a prospect end-user that the Distributor has provided with a written sales-quote prior to the end of the Termination Notice, to a total of no more than ten Pending Sales.
Lessor shall acknowledge the date Lessor received the Notice of Pending Sale (the “Notice of Sale Date”) by completing the bottom portion of Schedule 2.6(a) and returning a copy of the completed Notice of Pending Sale to Lessee within two (2) business days after receipt of the Notice of Pending Sale.
The Notice of Pending Sale shall also include all documents, whether executed or not, between Lessee and the third party in connection with the Third-Party Offer.
If the subject property is encumbered with Covenants, Conditions and Restrictions, the Escrow Agent shall send a Notice of Pending Sale pursuant to A.R.S. 33-1806.
Any and all amounts due or payable by any purchaser or any other person or entity in connection with any Pending Sale Assets shall be remitted to DoveBid upon (i) the Closing, if due or payable from the purchaser or any other person or entity prior to the Closing, or (ii) promptly when due or payable from the purchaser or any other person or entity, if due or payable from such purchaser or other person or entity after the Closing.
The Pending Sales Assets, like all of the other Assets, shall be turned over to DoveBid's ownership, possession and control at the Closing, and DoveBid will transfer and release the applicable Pending Sale Asset to the applicable purchaser thereof upon DoveBid being paid in full the purchase price for such Pending Sale Asset(s) as specified on Part II of Schedule 3.3 hereto.
Notwithstanding the foregoing, in the event there is any subsequent change in the Other Material Terms, or a change in the purchase price that results in the Net Sale Price being reduced below the Threshold Price prior to closing, Lessee shall submit a revised Notice of Pending Sale and the foregoing provisions of this Section 2.6 shall apply.
The sale of a Pending Sale Property prior to Closing pursuant to a Pending Sale Agreement shall not violate the provisions of this Section 8.9, and in such event the balance of the Property of which such Pending Sale Property formed a part shall be conveyed to the Purchaser under the Purchase Agreement and there shall be no adjustment to the Allocated Consideration with respect to such Property.
To the extent that Seller or any of its affiliates has, with respect to a Pending Sale that closes prior to the Closing, any continuing obligations following the closing of such Pending Sale, such as to construct any improvements and so forth (the "Post-Closing Obligations"), Buyer agrees that Buyer will assume and indemnify Seller and Seller's affiliates from any liability with respect to such Post-Closing Obligations at the Closing.
The Notice of Pending Sale shall also include all documents, whether executed or not, between ▇▇▇▇▇▇ and the third party in connection with the Third-Party Offer.