Total Sales Price definition
Total Sales Price. For any month, the sum of the sales price of all REO Property closings in such month, less any Seller’s closing concessions in which the sales price was inflated to reflect the concession amount.
Total Sales Price. For any month, the sum of the sales price of all REO Property closings in such month, less any Seller's closing concessions in which the sales price was inflated to reflect the concession amount. EXHIBIT H FORM OF LOST NOTE AFFIDAVIT Personally appeared before me the undersigned authority to administer oaths, __________________ who first being duly sworn deposes and says: Deponent is ________________ of ________________, successor by merger to _________________________ ("Seller") and who has personal knowledge of the facts set out in this affidavit. On _________________________________, _________________________________ did execute and deliver a promissory note in the principal amount of $____________________. That said note has been misplaced or lost through causes unknown and is presently lost and unavailable after diligent search has been made. Seller's records show that an amount of principal and interest on said note is still presently outstanding, due, and unpaid, and Seller is still owner and holder in due course of said lost note. Seller executes this Affidavit for the purpose of inducing Deutsche Bank National Trust Company, as trustee on behalf of Equifirst Mortgage Loan Trust 2003-1, Asset-Backed Certificates Series 2003-1, to accept the transfer of the above described loan from Seller. Seller agrees to indemnify Deutsche Bank National Trust Company and Financial Asset Securities Corp. harmless for any losses incurred by such parties resulting from the above described promissory note has been lost or misplaced. By: _______________________ _______________________ STATE OF ) ) SS: COUNTY OF ) On this ______ day of ______________, 20_, before me, a Notary Public, in and for said County and State, appeared , who acknowledged the extension of the foregoing and who, having been duly sworn, states that any representations therein contained are true. Witness my hand and Notarial Seal this _________ day of 20__. ____________________________ ____________________________ My commission expires __________________________. EXHIBIT I FORM OF LIMITED POWER OF ATTORNEY
Total Sales Price means any and all cash consideration received, together with (but not double counting) any assumption or release of existing mortgage indebtedness.
Examples of Total Sales Price in a sentence
At closing and upon receipt of the Total Sales Price, Seller will deliver clear and marketable title to Buyer via a general warranty deed prepared in the name of Buyer as set forth in the preamble of this Contract.
The ▇▇▇▇▇▇▇ Money will be applied towards the Total Sales Price at Closing.
Buyer will tender the Total Sales Price at Closing via wire, official check or certified funds.
Should the Buyer fail to make payment to the Builder of any portion of the Total Sales Price when payment is due, then the Buyer shall pay to the Builder, in addition to the sum shown as due, interest at the maximum rate allowed by applicable federal and state law, which interest shall accrue as of the date payment was first due and shall continue to accrue until the date of payment.
If Buyer desires to obtain financing for any portion of the Total Sales Price, refer to the Financing Addendum attached hereto and incorporated herein by reference.
Any extension of the Closing Date due to lender required matters or caused by Buyer or Buyer’s agents shall result in an increase of the Total Sales Price equal to the total amount of additional per diem interest incurred by Builder on any loan secured by the Property plus per diem tax, insurance, maintenance and utility expenses.
Upon receiving from Buyer a written request for any change, Builder will present Buyer with a proposal for the changes including any increase in the Total Sales Price and any extensions to the Closing Date.
The sums allocable to each listed Allowance are included within and are part of the Total Sales Price.
Any extension of the Closing Date caused by Buyer or Buyer's agents shall result in an increase of the Total Sales Price equal to the total amount of additional per diem interest incurred by Builder plus per diem tax, insurance, maintenance, and utility expenses.
The ▇▇▇▇▇▇▇ Money shall be credited against the Total Sales Price due at Closing.
More Definitions of Total Sales Price
Total Sales Price. For any month, the sum of the sales price of all REO Property closings in such month, less any Seller’s closing concessions in which the sales price was inflated to reflect the concession amount. Re: Structured Asset Investment Loan Trust Mortgage Pass-through Certificates, Series 2003-BC1 I, [name of certifying individual], a duly elected and acting officer of Fairbanks Capital Corp. (the “Servicer”), certify pursuant to Section 5.05(b) of the Servicing Agreement to the [Sarbanes Certifying Party] and its respective officers and directors, with respect to the calendar year immediately preceding the date of this Certificate (the “Relevant Year”), as follows:
Total Sales Price means the greater of (a) the total sales price received by the Underwriters from the initial sale of the Offered Shares to investors in the offering contemplated by this Agreement and (b) the Total Proceeds; and “Total Notional Underwriting Discount” means the amount obtained by subtracting (i) the Total Proceeds from (ii) the Total Sales Price. The relative fault of the Company, on the one hand, and the Underwriters, on the other hand, shall be determined by reference to, among other things, whether any such untrue or alleged untrue statement of a material fact or omission or alleged omission to state a material fact relates to information supplied by the Company, on the one hand, or the Underwriters, on the other hand, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such statement or omission. The amount paid or payable by a party as a result of the losses, claims, damages, liabilities and expenses referred to above shall be deemed to include, subject to the limitations set forth in Section 9(c), any legal or other fees or expenses reasonably incurred by such party in connection with investigating or defending any action or claim. The provisions set forth in Section 9(c) with respect to notice of commencement of any action shall apply if a claim for contribution is to be made under this Section 10; provided, however, that no additional notice shall be required with respect to any action for which notice has been given under Section 9(c) for purposes of indemnification. The Company and the Underwriters agree that it would not be just and equitable if contribution pursuant to this Section 10 were determined by pro rata allocation (even if the Underwriters were treated as one entity for such purpose) or by any other method of allocation which does not take account of the equitable considerations referred to in this Section 10. Notwithstanding the provisions of this Section 10, no Underwriter shall be required to contribute any amount in excess of the underwriting discounts and commissions received by such Underwriter in connection with the Offered Shares underwritten by it and distributed to the public. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any person who was not guilty of such fraudulent misrepresentation. The Underwriters’ obligations to contribute pursuant to this Section 10 are several, an...
Total Sales Price has the meaning given to that term in item 4.7 (Achieved Sales Prices).
Total Sales Price as used in this Agreement, is defined as the total purchase price paid by Buyer to Builder in accordance with either a Custom Home Construction Contract (excluding the Lot Sales Price) or a Lot/Home Package Contract (including the Lot Sales Price) or the purchase and sale agreement for a Model Home or Spec Home, as same may be amended pursuant to any and all change orders, amendments, modifications, addenda or otherwise payable by Buyer to Builder for the Home whether shown on any closing statement, reconciliation, or other instrument or paid outside of the closing by separate agreement, including but not limited to, all hard and soft construction costs, options, lot premium, built-ins, swimming pool and spa packages, hardscapes, landscaping, appliances and any and all other reimbursements and expenses for structural improvements, builder’s overhead and profit and any extras included or to be constructed within the Home by Builder, its agents and subcontractors, excluding any furniture or furnishings (i.
Total Sales Price means Intersil's gross invoice price for the Prism(R) Product packed for shipment without any deductions, except for the following items, to the extent they are paid or allowed by Intersil:
(a) sales or turnover taxes on sales invoices; (b) transportation charges and insurance on shipments to customers; (c) trade or quantity discounts (but not cash discounts allowed to customers and not agents' commissions); and (d) credits allowed for Prism(R) Products returned or not accepted by customers.
(i) If a Prism(R) Product is included as a component of another product sold by Intersil, then Total Sales Price means the Total Sales Price of such Prism(R) Product, as if separately sold in an arm's length transaction or the most nearly comparable Prism(R) Product that has been or would be sold in the ordinary course of business.
(ii) When Products are sold by Intersil to any Affiliate (as that term is defined by the Securities Act of 1933, as amended), or when Prism(R) Products are bartered or exchanged for goods or services, then Total Sales Price shall be the Total Sales Price at which comparable Prism(R) Products have been or would be sold in the ordinary course of business.
(iii) In the event that two or more integrated circuits are combined into a single integrated circuit package ("Combined Product"), and sold (or leased, bartered, or exchanged) as a component of a Prism(R) Product, then the amount of royalty payable on the combined product will be proportionally reduced in five (5%) percent increments to correspond to the die area of the royalty-bearing integrated circuit die as a percentage of the total combined die area.
Total Sales Price means the (i) gross cash sales proceeds received by NETWORK in a Network Sale or (ii) the fair market value of any securities or non-cash consideration received by NETWORK in a Network Sale. All costs of sale incurred in Network Sales including attorney’s fee, commissions, brokerage fees, and other expenses will be deducted from the Total Sales Price.