CONTINUED RIGHTS OF PURCHASERS Clause Samples

CONTINUED RIGHTS OF PURCHASERS. If any of the Purchasers fail to complete a Closing provided for in Section 14.04 then at the sole option of the Vendors, exercisable by delivery of written notice to the Purchasers, any binding agreement provided for in Section 14.04 may be terminated by the Vendors. On delivery by the Vendors of the said notice the Purchasers shall cease to be entitled to the benefits of this Article and the Vendors shall cease to be bound by their respective obligations under such provisions as they relate to the Purchasers whereupon the provisions of Section 14.05 shall apply and for such purpose the Vendors will be deemed not to have received Acceptance Notice(s) which in the aggregate accept the offer to sell all but not less than all of the Offered Interests in accordance with the Offer Notice.
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Related to CONTINUED RIGHTS OF PURCHASERS

  • Rights of Purchaser The Capital Securities shall be offered and sold by the Trust directly to the Purchaser without registration of any of the Capital Securities, the Debentures or the Guarantee under the Securities Act of 1933, as amended (the "Securities Act"), or any other applicable securities laws in reliance upon exemptions from the registration requirements of the Securities Act and other applicable securities laws. The Offerors agree that this Agreement shall be incorporated by reference into the Subscription Agreement and the Purchaser shall be entitled to each of the benefits of the Placement Agents and the Purchaser under this Agreement and shall be entitled to enforce obligations of the Offerors under this Agreement as fully as if the Purchaser were a party to this Agreement. The Offerors and the Placement Agents have entered into this Agreement to set forth their understanding as to their relationship and their respective rights, duties and obligations.

  • Lists of Purchasers Concurrently with the delivery of any Reserve Report to the Administrative Agent pursuant to Section 8.12, a list of all Persons purchasing Hydrocarbons from any Loan Party (or, with respect to Oil and Gas Properties that are not operated by a Loan Party, a list of the operators of such properties).

  • Representations, Warranties and Covenants of Purchaser The Purchaser warrants and represents to, and covenants and agrees with, the Seller as follows:

  • Condition of Purchased Assets The Purchased Assets are in good repair and working condition, normal wear and tear excepted, are suited for the uses currently intended, are in conformity with all applicable laws, ordinances, rules and regulations and are in good saleable condition, normal wear and tear excepted.

  • REPRESENTATIONS AND WARRANTIES OF PURCHASERS Each Purchaser hereby represents and warrants to the Company as follows: