Purchasing Owner definition

Purchasing Owner has the meaning given in item 3(c) of schedule 4.
View Source
Purchasing Owner has the meaning ascribed thereto in Section 16.02(a).
View Source
Purchasing Owner has the meaning ascribed thereto in Section 6(a).
View Source

Examples of Purchasing Owner in a sentence

  • Upon receipt of any such notice from a Purchasing Owner, each other Owner shall promptly send Purchasing Owner a written acknowledgement and confirmation that the applicable insurance coverage is Additional Coverage of such Purchasing Owner.

  • Insert name of Substantial Owner/Majority Owner/Ore Purchasing Owner] is a [Substantial Owner/Majority Owner/Ore Purchasing Owner] pursuant to clause 10 of the Joint Venture Agreement and, in accordance with clause [6.2(c)/6.2(f)], that Owner has nominated the Buyer to enter into this Ore Sales Agreement.

  • Notwithstanding the foregoing, to the extent the proceeds payable under any Additional Coverage are in excess of the loss suffered by the Purchasing Owner, such excess proceeds shall (after payment to Purchasing Owner or its Mortgagees of proceeds equal to the amount of the loss) be equitably allocated to the other Owners in accordance with the respective losses suffered by each.

  • All reasonable out-of-pocket costs and expenses incurred by a non-Purchasing Owner pursuant to this paragraph 15(b) shall be paid for by the Purchasing Owner.

  • All Additional Coverage and all proceeds with respect thereto shall solely be for the benefit of the Purchasing Owner and its Mortgagees and in the event that the Trustee shall receive proceeds relating to any Additional Coverage, such amount shall be promptly paid over as the Purchasing Owner's Mortgagee shall direct or (if there is no such Mortgagee) as the Purchasing Owner shall direct.

  • Purchasing Owner hereby accepts said assignment and acknowledges Purchasing Owner’s personal obligation to pay the utility assessment on the Subject Property as provided in the Election Agreement and acknowledges that this obligation will be secured by a lien on the Subject Property held by the Association.

  • The principal sum owing on the promissory note may be prepaid by the Purchasing Owner at any time without notice or bonus.

  • If the Purchasing Owner wishes to exercise the Purchase Option, it shall do so by delivering notice in writing to that effect to the Selling Owner's Principal's rightful attorney, executor or trustee within sixty (60) days following the date of death of the Principal of the Selling Owner (the "Purchase Notice").

  • Selling Owner hereby transfers and assigns the Election Agreement to Purchasing Owner who agrees to perform the obligations under the Election Agreement for the remainder of its term the same as if Purchaser Owner had signed the same.