Examples of Qualifying Agreement in a sentence
At no time shall the aggregate number of Units (whether completed or under construction) owned by Borrowers, Guarantor or any subsidiary of Guarantor and not subject to a Qualifying Agreement of Sale exceed thirty percent (30%) of the total number of Units sold and settled by Borrowers, Guarantor and all subsidiaries of Guarantor during the immediately preceding four (4) Fiscal Quarters.
If the Commencing Member succeeds in obtaining a Qualifying Agreement for the sale of the Properties during the Sales Period then the Company shall proceed to sell the Properties pursuant to such Qualifying Agreement.
Each New Client shall be identified (by name, address, the date of the applicable Qualifying Agreement and the date of commencement of Client Services thereunder) by written notice from Licensee to CA at the earliest possible date (but in no event later than 60 days after the date on which Client Services are commenced for the benefit of such New Client) and shall be included in Licensee’s next following report pursuant to Section 16.
In the event that Parent or the Surviving Corporation executes Qualifying Agreements with more than one Qualified Third Party within the period specified above, only the first such Qualifying Agreement shall be considered in determining the amount of Additional Consideration to be paid hereunder, if any.
If the Company, at the direction of the Commencing Member, fails to enter into a Qualifying Agreement (as defined in Section 14.2(d) below) for the sale of the Properties during the Sales Period, the Commencing Member shall not be entitled to cause the Company to continue to market or sell the Properties without submitting a new Sale Notice to the Responding Member and following the procedures set forth in Section 14.2(a) above with respect to such Sale Notice.