Intent to Sell Sample Clauses
The Intent to Sell clause formally states a party's commitment to sell a specified asset, property, or goods under agreed terms. This clause typically outlines the seller's willingness to enter into a transaction, often as a preliminary step before a full sale agreement is executed. For example, it may be used in real estate or business transactions to signal serious interest and initiate due diligence or negotiations. Its core function is to provide assurance to the buyer that the seller is genuinely interested in proceeding, thereby reducing uncertainty and facilitating smoother transaction processes.
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Intent to Sell. It is the intention of the Seller that the transfer and assignment herein contemplated, taken as a whole, constitute a sale of the Receivables from the Seller to the Issuer and that the beneficial interest in and title to the Receivables not be part of the Seller’s estate in the event of the filing of a bankruptcy petition by or against the Seller under any bankruptcy law.
Intent to Sell. If Senior Lender intends to solicit purchasers to purchase all of its interest in the Senior Loan in whole and such purchasers are a Person other than the Junior Lender, the Subordinate Lender or the Borrower or any Affiliate thereof, Senior Lender shall give Junior Lender prompt written notice of its intent to sell and shall use reasonable best efforts, if there is a bidding process for the purchase of such Senior Loan, to include the Junior Lender in such bidding process.
Intent to Sell. It is the intention of the Seller that the transfer and assignment herein contemplated, taken as a whole, constitute a sale of the Receivables from the Seller to the Purchaser and that the beneficial interest in and title to the Receivables not be part of the debtor’s estate in the event of the filing of a bankruptcy petition by or against the Seller under any bankruptcy law. (viii) Schedule of Receivables to the Transfer Notice. As of the Cutoff Date, the information set forth in the Schedule of Receivables attached to the Transfer Notice shall be true and correct in all material respects. (ix)
Intent to Sell. The undersigned member hereby agrees that it has no plan or intention to sell, exchange, transfer or otherwise dispose of any of its Superholdings Stock received by such undersigned member in connection with the Reorganization.