Receiving Partner definition
Examples of Receiving Partner in a sentence
If the higher of the two appraisals exceeds the lower appraisal by more than five percent (5%), the appraisers, within ten (10) days after both of the appraisers have made their determinations, shall appoint in writing a third appraiser and give written notice of such appointment to the Submitting Partner and the Receiving Partner.
If the higher of the two appraisals determined by the two appraisers exceeds the lower appraisal by less than five percent (5%), the average of the fair market values so determined shall be controlling and shall be binding upon the Submitting Partner and the Receiving Partner.
The Submitting Partner and the Receiving Partner shall be given reasonable advance notice of the time and place of any appraisal proceedings, and both shall have the right to be present, heard and represented by counsel.
Within ten (10) days after its receipt of such notice from the Submitting Partner, the Receiving Partner shall notify the Submitting Partner of the name of the Receiving Partner‟s appraiser.
If any appraiser shall not be appointed or agreed upon within the time herein provided, either the Submitting Partner or the Receiving Partner may apply to the appropriate court of the State of Texas for the appointment of such appraiser.
In compliance with the Act the Partners agree that requests under the Act will be dealt with as follows: • When the request is received by a Partner (the Receiving Partner) that Partner is responsible for the reply to the request.
The two appraisers shall afford the Submitting Partner and the Receiving Partner the right to submit evidence with respect to such fair market value and shall, with all possible speed, make their respective determinations in writing and give notice thereof to the Submitting Partner and the Receiving Partner.
In return for the provision of any information by a partner organisation to another (the Receiving Partner) under the terms of this Agreement, the Receiving Partner undertakes to indemnify the Partner that provided the information in respect of all claims and liabilities arising from the use of the information by the Receiving Partner or it's failure to comply with its obligations under the Agreement.
If the Selling Partner wrongfully fails or refuses to close under the provisions in this Section 7, the Receiving Partner may ▇▇▇ for damages or specific performance (together with enforcement costs).
In the event the Receiving Partner does not notify the Triggering Partner within such time period, or its notice specifies a price, timing or terms and conditions different from the Shot-Gun Terms, the Triggering Partner shall have the option to (i) purchase the Receiving Partner's interest on the Shot-Gun Terms, (ii) sell its interest on the different terms set forth by the Receiving Partner, if any, or (iii) terminate the Shot-Gun Sale procedure.