Examples of Selling Person in a sentence
Discussion: As part of the project, WE Energies needs to extend electricity to the lift station that will be located north of the Hwy 10/114 split.
If any change occurs in the representation and warranty set forth in Section 4.1(c) prior to the Closing Date, Management Sellers shall inform the Buyer in writing on or prior to the Closing Date, so that such representation and warranty speaks as of the Closing Date and the applicable Selling Persons, if any, shall execute and deliver to Buyer and Sellers’ Representative revised signature pages reflecting the applicable Selling Person and/or Pro Rata Share.
The execution and delivery of this Agreement and the Transaction Documents by each such party, and the consummation of the transactions contemplated hereby and thereby, have been duly authorized by all necessary action on the part of each Selling Person.
In the event that the Sellers’ Representative Reserve is insufficient to pay such fees, costs and expenses, each Selling Person agrees to promptly pay its Pro Rata Share of such amounts in the manner specified in a written notice from Sellers’ Representative.
Following the payments described in Sections 3.5(a)(i) through 3.5(a)(vii), the net proceeds of the Purchase Price shall be allocated among the Selling Persons in accordance with their respective proportionate ownership of the Ownership Interests as set forth on the signature page hereto or joinder agreement, as applicable, executed by such Selling Person (“Pro Rata Share”).