Default to Facilitator Sample Clauses

The "Default to Facilitator" clause designates a specific party, typically called the Facilitator, to make decisions or take action in situations where the agreement does not specify a responsible party or where ambiguity arises. In practice, if a dispute occurs or a process needs oversight and the contract is silent on who should act, the Facilitator steps in to resolve the issue or manage the process. This clause ensures continuity and prevents deadlock by providing a clear fallback mechanism, thereby maintaining progress and reducing the risk of unresolved issues due to contractual gaps.
Default to Facilitator. Seller hereby authorizes Broker and Listing Licensee to default to Facilitator status 266 (representing the interests of neither the Seller nor the Buyer) in any Property showings, negotiations, or 267 transactions, in which the Broker may also have a representation agreement with the Buyer who is also being 268 assisted by Listing Licensee. In such event, Agent shall immediately notify (verbally) both the Buyer and the 269 Seller of the need to default to this Facilitator status and notification shall be confirmed in writing prior to the 270 execution of the contract. As a Facilitator, Broker and ▇▇▇▇▇▇’s licensee may assist the parties and provide 271 information in subsequent negotiations in that transaction. Upon any default to Facilitator status, the Broker 272 and ▇▇▇▇▇▇’s licensee must assume a neutral position and will shall not be an advocate for either the Buyer or 273 Seller.
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Default to Facilitator. Seller hereby authorizes ▇▇▇▇▇▇ and Listing Licensee to default to Facilitator status (representing the interests of neither the Seller nor the Buyer) in any Property showings, negotiations, or transactions, in which the Listing Licensee may also have a representation agreement with the Buyer. In such event, Agent shall immediately notify (verbally) both the Buyer and the Seller of the need to default to this Facilitator status and notification shall be confirmed in writing prior to the execution of the contract. As a Facilitator, Broker and ▇▇▇▇▇▇’s licensee may assist the parties and provide information in subsequent
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Default to Facilitator. The Buyer grants permission for the Broker and the Selling Licensee (the agent working with the Buyer) to act as a Facilitator (representing neither the Buyer nor the Seller) during property showings, negotiations, or transactions where the Broker also has a representation agreement with the Seller being assisted by the same Selling Licensee. In such cases, the agent will immediately notify both the Buyer and the Seller verbally about the change to Facilitator status, and this notification will be confirmed in writing before the agreement is executed. As a Facilitator, the Broker and their licensee may assist both parties and provide information during negotiations while remaining neutral and refraining from advocating for either the Buyer or Seller.
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Default to Facilitator. Buyer hereby authorizes Broker and Selling Licensee (agent working with Buyer) to
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Default to Facilitator. The Seller authorizes the Firm and Listing Licensee to default to Facilitator status (representing neither the 217.Seller nor the buyer) in situations where the Firm has a representation agreement with the buyer who is also being assisted by the Listing 218.Licensee. In such cases, the Agent must promptly notify both the buyer and the Seller verbally of the change to Facilitator status, with 219.confirmation of this notification provided in writing before the agreement is executed. While acting as a Facilitator, the Firm and its 220.licensee may assist both parties and provide information during subsequent negotiations in the transaction.
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Default to Facilitator. Buyer hereby authorizes ▇▇▇▇▇▇ and ▇▇▇▇▇▇▇ Licensee (agent working with ▇▇▇▇▇) to 149 default to Facilitator status (representing the interests of neither the Seller nor the Buyer) in any property 150 showings, negotiations, or transactions in which the Broker may also have a representation agreement with the 151 Seller who is also being assisted by the Selling Licensee. In such event, Agent shall immediately notify (verbally) 152 both the Buyer and the Seller of the need to default to this Facilitator status and notification shall be confirmed in 153 writing prior to the execution of the contract. As Facilitator, Broker and ▇▇▇▇▇▇’s licensee may assist the parties 154 and provide information in subsequent negotiations in that transaction. Upon any default to Facilitator status, the 155 Broker and ▇▇▇▇▇▇’s licensee must assume a neutral position and will not be an advocate for either the Buyer or 156 any prospective Seller.
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Related to Default to Facilitator

  • Trustee to Give Notice of Default, But May Withhold in Certain Circumstances The Trustee shall give to the Securityholders of any series, as the names and addresses of such Holders appear on the registry books, notice by mail of all defaults known to the Trustee which have occurred with respect to such series, such notice to be transmitted within 90 days after the occurrence thereof, unless such defaults shall have been cured before the giving of such notice (the term “default” or “defaults” for the purposes of this section being hereby defined to mean any event or condition which is, or with notice or lapse of time or both would become, an Event of Default); provided that, except in the case of default in the payment of the principal of or interest on any of the Securities of such series, or in the payment of any sinking or purchase fund installment with respect to the Securities of such series, the Trustee shall be protected in withholding such notice if and so long as the board of directors, the executive committee, or a trust committee of directors or trustees and/or Responsible Officers of the Trustee in good faith determines that the withholding of such notice is in the interests of the Securityholders of such series.

  • Application Deposit (May or May Not Be Refundable In addition to any application fee(s), you also agree to pay an application deposit in the amount indicated in paragraph 3. The application deposit is not a security deposit. The application deposit will be credited toward the required security deposit when the Lease has been signed by all parties; OR, it will be refunded under paragraph 6 of the Application Agreement if your application is not approved; OR, it will be retained by us as liquidated damages if you fail to sign or attempt to withdraw under paragraphs 3 or 4 of the Application Agreement.

  • Trustee May Enforce Claim Without Possession of Securities All rights of action and claims under this Indenture or the Securities may be prosecuted and enforced by the Trustee without the possession of any of the Securities or the production thereof in any proceeding relating thereto, and any such proceeding instituted by the Trustee shall be brought in its own name as trustee of an express trust, and any recovery of judgment shall, subject to Article XII and after provision for the payment of all the amounts owing the Trustee, any predecessor Trustee and other Persons under Section 6.6, be for the ratable benefit of the Holders of the Securities in respect of which such judgment has been recovered.

  • Action by Owners with Respect to Bankruptcy The Owner Trustee shall not have the power to commence a voluntary proceeding in bankruptcy relating to the Trust without the unanimous prior approval of all Owners and the delivery to the Owner Trustee by each such Owner of a certificate certifying that such Owner reasonably believes that the Trust is insolvent.

  • Action by Certificateholders with Respect to Bankruptcy The Owner Trustee shall not have the power to commence a voluntary proceeding in bankruptcy relating to the Trust unless (i) the Notes have been paid in full and (ii) each Certificateholder approves of such commencement in writing in advance and delivers to the Owner Trustee a certificate certifying that such Person reasonably believes that the Trust is insolvent.