Examples of Saracen Members in a sentence
As a condition to the transfer by a Saracen Member of any or all of such Saracen Member's Interest, the foregoing power of attorney shall be granted by the transferee of such Saracen Member's Interest.
Collectively, the additional Members set forth on Schedule 1 annexed hereto shall be referred to herein as "Saracen" or the "Saracen Members".
The Company acknowledges and agrees that this Section 8.2A is a material inducement to the Saracen Members entering into this Agreement, without which the Saracen Members would be unwilling to enter into this Agreement.
Xxxxxxxx, or such other Person designated by the Saracen Members, shall have the power and authority to grant any such written consent or approval, or make any such determination or decision, on behalf of, and as the duly authorized agent and representative of, such respective Persons.
Whenever the consent, approval, determination or decision of Saracen is required pursuant to any of the terms of this Agreement, including to amend or waive any provisions of this Agreement, such consent, approval, determination or decision shall be deemed given by, and binding on, each of the respective Saracen Members if the Company obtains the written consent, approval or decision of Xxxx X.
It is the intent of the Saracen Members' to have the WASH Properties and the 74 Turner Property deeded to an enxxxx xesignated by them as hereinafter provided.
The Saracen Members may require that the Closing occur through an escrow with a title company designated by it pursuant to customary terms and provisions for a closing of the transfer of real estate.
None of the Saracen Persons or the Saracen Members has filed (or is contemplating filing) any petition seeking or acquiescing in any reorganization, arrangement, composition, readjustment, liquidation, dissolution or similar relief under any law relating to bankruptcy or insolvency, nor has any such petition been filed against any of the foregoing.
The Closing Date may not be extended without the prior written approval of the Company and the Saracen Members, provided, however, that the Saracen Members shall have the right to extend the Closing to a date no later than July 14, 2004 in the event that prior to July 8, 2004 all required documentation in connection with the assumption of the Nomura Loan has not been completed.
The Company hereby represents and warrants to the Saracen Members that neither the Company nor any of the Subsidiaries nor any of their Affiliates has employed any broker with respect to this transaction.