Examples of Ultimate Sellers in a sentence
After the Conveyance Properties are determined, Seller will exercise commercially reasonable efforts to obtain quitclaim deeds from the Ultimate Sellers conveying to Seller all of the Ultimate Seller’s interest in each of the Conveyance Properties (each such deed hereinafter referred to as an “Ultimate Deed”).
Each of the Ultimate Sellers shall agree to reimburse Seller Representative for any fees and expenses incurred by Seller Representative in its capacity as agent, proxy or attorney in fact of the Ultimate Sellers in connection with this Agreement or the transactions contemplated herein.
Seller and the Ultimate Sellers shall have taken all necessary limited liability company action to give effect to the provisions of Section 5.14.
In order to minimize the chances of premature failure, the designer must include the presence of irregularities in components.
The holders of the limited liability company units of Seller (the “ Ultimate Sellers”) shall authorize Seller to serve as the initial Seller Representative and to act as representative of the Ultimate Sellers with respect to the matters expressly set forth in this Agreement to be performed by Seller Representative.
Notice and a copy of the written consent appointing such new representative and bearing the signatures of a majority in interest of the Ultimate Sellers, along with a consent in writing of such new representative to assume the obligations of Seller Representative and any such other assignments, consents or waivers as reasonably requested by Buyer, must be delivered to Buyer.
In the event that Seller becomes unable or unwilling to continue in its capacity as Seller Representative, or if Seller resigns as Seller Representative, a majority in interest of the Ultimate Sellers may, by written consent, appoint a new representative as Seller Representative; provided, that the Ultimate Sellers shall not cause or permit Seller to liquidate, dissolve, merge or consolidate with another entity without first appointing a new Seller Representative.