Exchange Contracts Sample Clauses

Exchange Contracts. (a) At the request of the Seller and subject to all of the applicable terms and conditions of this Agreement, the Purchaser shall, upon 5 days' prior notice from the Seller, execute and deliver a purchase and sale agreement or an assignment and assumption agreement of the Seller's interest under any purchase and sale agreement, in either case, for the acquisition of one or more Exchange Parcels (any such purchase and sale agreement or assignment thereof, an "Exchange Contract"), it being expressly understood and agreed, however, that the Purchaser's obligation to execute or accept assignment of any Exchange Contract shall be subject to the conditions that: (i) Pursuant to the terms of such Exchange Contract, the closing thereunder shall be scheduled to occur within 180 days after the Closing Date; (ii) The aggregate amount of payments required to be made under or in connection with such Exchange Contract, as reasonably estimated by the Purchaser, shall not exceed the unapplied portion of the applicable Exchange Property Credit, unless the Seller shall provide the Purchaser with such assurances regarding the payment of such amounts by the Seller as the Purchaser shall require; (iii) The Purchaser shall have no rights or obligations under such Exchange Contract, monetary or nonmonetary, including, without limitation, the performance of any due diligence or the giving of any notices, other than the payment of amounts less than or equal to the unapplied portion of the applicable Exchange Property Credit; (iv) Such Exchange Contract shall permit the Purchaser to designate the Seller as the Purchaser's designee or nominee to receive title to the Exchange Parcel to be conveyed thereunder (the Seller agreeing to accept such title); and (v) The Purchaser shall be under no duty or obligation to find or assist the Seller in finding or selecting Exchange Parcels suitable for exchange or negotiating its purchase and the Purchaser shall have no responsibility for the failure of the purchase of any Exchange Parcel to be closed or settled by the Exchange Closing Date other than by reason of the Purchaser's willful failure to perform its obligations under this Agreement. (b) It is further expressly understood and agreed that anything herein to the contrary notwithstanding, the Purchaser shall have no obligation to participate in any exchange contemplated by this Agreement if such exchange would or reasonably could (as determined by the Purchaser's legal counsel) result in:...
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Exchange Contracts. 12.1 The Exchange may at any time introduce new exchange contracts provided that where ICCH is to provide clearing for such contracts the Exchange shall as soon as reasonably practicable advise ICCH of the proposal to introduce the same and shall thereafter consult with ICCH. 12.2 Without prejudice to the foregoing requirement to inform and consult, the Exchange shall give ICCH not less than 14 days’ written notice of the date on which the Exchange intends to introduce a new exchange contract. 12.3 ICCH may by written notice to the Exchange to [ILLEGIBLE] not less than 7 days before the expiry of the period specified in clause 12.2 decline to register any contract made in the terms of a new exchange contract or an extended or amended exchange contract if ICCH reasonably determines that the registration of such contract would expose ICCH to unacceptable risks or that the contract is or may be commercially unacceptable to ICCH for clearing. This clause is without prejudice to the rights of ICCH under the Regulations. 12.4 If ICCH declines pursuant to clause 12.3 to register contracts in the terms of an exchange contract the Exchange shall be entitled to make other arrangements for clearing in respect of such contracts. 12.5 Neither ICCH nor the Exchange shall make any public announcement of the Exchange’s intention to introduce a new exchange contract or (except in an emergency) to alter or amend the terms of an exchange contract until the period specified in clause 12.2 has elapsed unless such announcement or disclosure has been agreed to by both ICCH and the Exchange. 12.6 Clauses 12.1 to 12.3 shall have effect without prejudice to clause 11.
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Exchange Contracts. 32 12.5 Conveyance of Exchange Parcels................................. 34 12.6 Failure of Exchange Parcels to Close........................... 34 12.7 Assignment Upon Exhaustion of Credit........................... 34 12.8
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Related to Exchange Contracts

  • Exchange Control If at any time legal restrictions prevent the prompt remittance of part or all royalties with respect to any country in the Territory where Licensed Product is sold, payment shall be made through such lawful means or method as the Parties reasonably shall determine.

  • Exchange Controls As a condition to this grant of Units, the Employee agrees to comply with any applicable foreign exchange rules and regulations.

  • Exchange Control Notification Exchange control reporting is required for cash transactions exceeding A$10,000 and international fund transfers. If there is an Australian bank assisting with the transaction, the Australian bank will file the report for the Participant. If there is no Australian bank involved in the transaction, the Participant must file the report.

  • Securities and Exchange Commission Filings To the extent permitted by law, the Servicer is authorized to execute and, on the request of the Issuer or the Administrator, will prepare, execute and file, on behalf of the Issuer, any Securities and Exchange Commission filings required to be filed by the Issuer under Section 7.3 of the Indenture.

  • Exchange Control Information Exchange control reporting is required for cash transactions exceeding AUD10,000 and for international fund transfers. If an Australian bank is assisting with the transaction, the bank will file the report on your behalf.