Permitted Outside Parties definition

Permitted Outside Parties has the meaning ascribed to such term in Section 5.2(b).

Permitted Outside Parties shall have the meaning ascribed in Section 3.5.

Permitted Outside Parties shall not include Seller’s existing mortgage lender and Purchaser shall not deliver to Seller’s existing mortgage lender any information relating to the Property unless approved by Seller in writing, in Seller’s sole and absolute discretion.

Examples of Permitted Outside Parties in a sentence

• Each party shall treat such information as confidential, preserve the confidentiality thereof, and not duplicate or use such information, except to Permitted Outside Parties in connection with the transactions contemplated hereby.

• Purchaser further agrees that within its organization, or as to the Permitted Outside Parties, the Documents will be disclosed and exhibited only to those persons within Purchaser’s organization or to those Permitted Outside Parties who are responsible for determining the desirability of Purchaser’s acquisition of the Property.

• The parties acknowledge that the transaction described herein is of a confidential nature and shall not be disclosed except to Permitted Outside Parties or as required by law.

• Purchaser further agrees that within its organization, or as to the Permitted Outside Parties, the Due Diligence Documents shall be disclosed and exhibited only to those persons within Purchaser's organization or to those Permitted Outside Parties who are responsible for, or who are assisting in, the determination of the feasibility of Purchaser's acquisition of the Property and who have agreed in writing to preserve the confidentiality of such information as required herein.

• Purchaser shall make no public announcement or disclosure of any information related to this Agreement to outside brokers or third parties, before or after the Closing, without the prior written specific consent of Seller; provided, however, that Purchaser may, subject to the provisions of Section 4.7, make disclosure of this Agreement to its Permitted Outside Parties as necessary to perform its obligations hereunder and as may be required under laws or regulations applicable to Purchaser.

More Definitions of Permitted Outside Parties

Permitted Outside Parties means Purchaser’s attorneys, partners, members, accountants, consultants, contractors, representatives, employees, advisors, potential lenders, potential investors or potential purchasers.

Permitted Outside Parties means (w) Buyer’s directors, partners, joint venture partners, equity partners, perspective investors in Buyer, members, managers, shareholders, officers, employees, accountants, and attorneys, (x) potential financing sources, (y) parties to the development/entitlement process and other representatives, in each case who have a need to know the information set forth in the Due Diligence Materials for the purpose of conducting due diligence analysis with respect to the Property and (z) any person to whom the Due Diligence Materials need to be disclosed in connection with a legal, equitable or arbitration proceeding or as may be otherwise required by law. Buyer shall obtain or cause its consultants to obtain, at Buyer’s sole cost and expense before commencement of any investigative activities on the Property, a policy of commercial general liability insurance in a form reasonably acceptable to Seller, covering any and all liability of Buyer and Seller with respect to or arising out of any investigative activities. Such policy of insurance shall be kept and maintained in force during the term of this Agreement and so long thereafter as necessary to cover any claims of damages suffered by persons or property resulting from any acts or omissions of Buyer, Buyer’s employees, agents, contractors, suppliers, consultants or other related parties. Such policy of insurance shall have liability limits of not less than One Million Dollars ($1,000,000.00) combined single limit per occurrence for bodily injury, personal injury and property damage liability and shall name Seller as an additional insured. To the fullest extent permitted by law and in addition to all other indemnities provided for in law or at equity or in the documentation for the transactions described in this Agreement, Buyer shall protect, indemnify, defend and hold the Property, Seller and Seller’s parents, subsidiaries, partners, members, participants, and affiliates, and the officers, directors, shareholders, employees, agents, representatives, contractors, and invitees of all of the foregoing, and the heirs, executors, successors and assigns of all of the foregoing (collectively, “Seller Parties”) free and harmless from and against any and all claims, damages, liens, stop notices, liabilities, losses, costs and expenses, including, without limitation, reasonable attorneys’ fees and court costs, resulting from Buyer’s inspection and testing of the Property, including, without limitation, repairing any...

Permitted Outside Parties shall have the meaning ascribed in SECTION 3.5.

Permitted Outside Parties has the meaning assigned thereto in Section 11.1.

Permitted Outside Parties. As defined in Section 4.08. Personalty: All fixtures, equipment, furniture, furnishings, appliances, supplies and other personal property of every nature and description owned by Seller and whether located at the Apartments or used in connection with the operation, maintenance or management of the Apartments, all of which have been listed, set forth or otherwise described in the Due Diligence Documents, including all computer and information technology equipment (i.e., personal computers, monitors, routers, hubs, modems, printers), but excluding any computer software owned by the Seller’s property manager. Personalty includes, without limitation, those items listed on Exhibit H hereto. Property: Collectively, the (i) Real Property, (ii) Personalty, (iii) Development Rights, (iv) Appurtenances, (v) Leases and (v) Intangible Personal Property.

Permitted Outside Parties is defined in Sections 3.5 and 10.11.

Permitted Outside Parties shall not include Seller's existing mortgage lender and Purchaser shall not deliver to Seller's existing mortgage lender any information relating to the Property unless approved by Seller in writing, in Seller's sole and absolute discretion. If Purchaser has previously executed a confidentiality agreement for the benefit of Seller and such confidentiality agreement remains in effect during the term of this Agreement, and there is any conflict between the terms of this Section 4.7 and such confidentiality agreement, the more restrictive provisions limiting the disclosure of information shall prevail.