SALE OF OTHER PROPERTY Clause Samples

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SALE OF OTHER PROPERTY. 30 A. This Agreement is NOT contingent upon the sale of any property owned by the Buyer.-OR- 31 B. (if checked): The attached Contingent Upon Sale Addendum is hereby incorporated into this agreement. 32
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SALE OF OTHER PROPERTY. This Purchase Agreement shall be contingent upon the sale and the closing of such sale of Buyers property located at on or before . If the closing of such sale is not timely completed, through no fault of Buyer, then this agreement shall terminate, at the option of Buyer, and upon Buyer’s written request all deposits shall be returned to Buyer. The Buyer warrants that said property is currently being actively marketed and is listed with a licensed Realtor and that Buyer will notify Seller immediately of any change to said marketing activity and listing status. Seller shall have the right to terminate this contract at any time by giving ▇▇▇▇▇ 72 hours written notice. The time period will commence when Seller’s written notice has been delivered to buyer. The termination shall be effective automatically unless within the time period after delivery of such notice Buyer shall notify Seller in writing that Buyer will complete the purchase of the business even though the contingency in this paragraph 3 has not been fulfilled. ▇▇▇▇▇’s notice must include a copy of a contract for the sale of Buyer’s property described above, with a closing scheduled on or before the closing date herein. Date: 2/27/09 Time: 1:20 PM EST Date: 2/27/09 Time: 5:40 PM Indicate all that apply:
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SALE OF OTHER PROPERTY. 18.1 This offer is subject to, and conditional upon, the sale of the Purchaser’s property being: .......................................................................... ............................................................................................................................................................. within ................. days of date of this Agreement, the fulfilment of all and any suspensive conditions to be contained in such sale within a further twenty-one (21) days of date of such sale and the successful conclusion of such sale within six (6) weeks of fulfilment of all suspensive conditions or such longer period of time as the Seller in his sole discretion may allow. Transfer of the property purchased in terms of this agreement must take place simultaneously with or later than the property sold by the Purchaser.
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SALE OF OTHER PROPERTY. This Agreement 26 . 27 Said Property 28 is currently listed 29 is not -OR- is 30 presently in escrow with .
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SALE OF OTHER PROPERTY. 19.1 This offer is subject to, and conditional upon, the sale of the Purchaser’s property being: .......................................................................... Agreement, the fulfilment of all and any suspensive conditions to be contained in such sale within a further twenty-one (21) days of date of such sale and the successful conclusion of such sale within six (6) weeks of fulfilment of all suspensive conditions or such longer period of time as the Seller in his sole discretion may allow. Transfer of the property purchased in terms of this agreement must take place simultaneously with or later than the property sold by the Purchaser.
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SALE OF OTHER PROPERTY. This Contract is is not contingent upon the sale of other property at: [Enter Property Address]
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SALE OF OTHER PROPERTY. This Agreement is not –OR– is contingent upon the sale (and closing) of another 20 property which address is . 21 Said Property is not –OR– is presently in escrow with . 22 Escrow Number: . Proposed Closing Date: . 23
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SALE OF OTHER PROPERTY. 30 A. This Agreement 31 □ is not –OR– 32 □ is contingent upon the sale (and closing) of another property which address is 33 . 34 B. Said Property 35 □ is currently listed 36 □ is not –OR– □ is 37 presently in escrow with . 38 Escrow Number: . Proposed Closing Date: . 39 40 When Buyer has accepted an offer on the sale of this other property, Buyer will promptly deliver a written notice of the sale to
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SALE OF OTHER PROPERTY. Check the box if the purchase is contingent on funding from the net proceeds of a sale of other property by the buyer. Enter the address of the property to be sold.
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Related to SALE OF OTHER PROPERTY

  • Sale of Another Property Buyer’s performance under this Agreement: (check one)

  • Disposition of Property Dispose of any of its property, whether now owned or hereafter acquired, or, in the case of any Subsidiary, issue or sell any shares of such Subsidiary’s Capital Stock to any Person, except: (a) the Disposition of (i) obsolete or worn out property or (ii) any property that is no longer used or useful in the conduct of the business of the Borrower or its Subsidiaries, in each case in the ordinary course of business; (b) the Disposition of inventory in the ordinary course of business; (c) Dispositions permitted by clause (i) of Section 7.4(b), Investments permitted under Section 7.7 (other than Section 7.7 (m)) and Restricted Payments permitted under Section 7.6; (d) the sale or issuance of any Subsidiary’s Capital Stock to the Borrower or any Wholly Owned Subsidiary; provided that any sale or issuance of any Subsidiary Guarantor’s Capital Stock shall only be to the Borrower or another Subsidiary Guarantor; (e) Dispositions of any Related Eligible Assets (i) in connection with the AESOP Financing Program or the Centre Point Financing Program, (ii) to any Securitization Entity or (iii) in connection with the incurrence of any Securitization Indebtedness; (f) the sale of the Budget Truck Division for fair market value as determined by the board of directors of the Borrower; (g) the Disposition of other property having a fair market value not to exceed $1,000,000,000 in the aggregate for any fiscal year of the Borrower; (h) the Dispositions listed on Schedule 7.5(h); (i) Dispositions of properties subject to condemnation, eminent domain or taking; (j) leases, subleases, licenses and sublicenses of real or personal property, and Intellectual Property in the ordinary course of business, and any intercompany licenses and sublicenses of Intellectual Property; (k) dispositions or use of cash and Cash Equivalents in the ordinary course of business; (l) the abandonment, termination or other disposition of Intellectual Property or leasehold properties in the ordinary course of business; and (m) dispositions, discounts or forgiveness of accounts receivable in connection with the collection or compromise thereof; (n) Dispositions of non-core assets acquired in connection with an Investment permitted under Section 7.7, including a Specified Transaction; (o) Dispositions by the Borrower or any of its Subsidiaries of any Foreign Subsidiary to any other Foreign Subsidiary so long as at least 65% of the Capital Stock of such other Foreign Subsidiary (or any parent company of such other Foreign Subsidiary) is pledged to the Administrative Agent pursuant to Section 6.9; (p) Dispositions of minority interests in joint ventures; and (q) any Disposition of any Foreign Subsidiary and any holding company formed in connection with the Avis Europe Acquisition to the Borrower or any of its Subsidiaries. provided that all Dispositions permitted under paragraphs (f) and (g)(i) and (g)(ii) of this Section 7.5 shall be made for fair value and in the case of any such Disposition (or series of related Dispositions) that yields gross proceeds to any Loan Party in excess of $25,000,000, for at least 75% cash consideration (excluding, in the case of an Asset Sale (or series of related Asset Sales), any consideration by way of relief from, or by any other Person assuming responsibility for, any liabilities, contingent or otherwise, that are not Indebtedness) (it being understood that for the purposes of the foregoing proviso, the following shall be deemed to be cash consideration: (1) Cash Equivalents, (2) the assumption of Indebtedness of the Borrower (other than Disqualified Stock of the Borrower) or any Subsidiary and the release of the Borrower and its Subsidiaries from all liability with respect to payment of such Indebtedness, (3) Indebtedness of any Subsidiary that is no longer a Subsidiary as a result of such Disposition, to the extent that the Borrower and each other Subsidiary are released from any Guarantee Obligations or any other obligations to provide credit support in respect of such Indebtedness and (4) securities received by the Borrower or any Subsidiary from the transferee that are converted by the Borrower or such Subsidiary into cash within 180 days); provided, further, that if the Group Member’s action or event meets the criteria of more than one of the types of Dispositions described in the clauses above, the Borrower in its sole discretion may classify (and reclassify) such action or event in one or more clauses (including in part under one such clause and in part under another such clause).

  • SALE OF PROPERTY If the Premises is sold, the Tenant is to be notified of the new Owner, and if there is a new Manager, their contact details for repairs and maintenance shall be forwarded. If the Premises is conveyed to another party, the new owner: (check one)

  • Other Property Cause all property (other than Excluded Property) of each Loan Party to be subject at all times to first priority, perfected Liens in favor of the Administrative Agent to secure the Obligations pursuant to, and to the extent and in the manner required by, the Collateral Documents (subject to Permitted Liens) and, in connection with the foregoing, deliver to the Administrative Agent such other documentation as the Administrative Agent may request including filings and deliveries necessary to perfect such Liens, Organization Documents, resolutions and favorable opinions of counsel to such Person, all in form, content and scope reasonably satisfactory to the Administrative Agent.

  • Sale of Properties The Borrower will not, and will not permit any of the Guarantors to, sell, assign, farm-out, convey or otherwise transfer any Property except for: (a) the sale of Hydrocarbons in the ordinary course of business; (b) farmouts of undeveloped acreage and assignments in connection with such farmouts; (c) the sale or transfer of equipment that is no longer necessary for the business of the Borrower or such Subsidiary or is replaced by equipment of at least comparable value and use; (d) sales or other dispositions (excluding Casualty Events) of Oil and Gas Properties or any interest therein or Subsidiaries owning Oil and Gas Properties; provided that (i) 100% of the consideration received in respect of such sale or other disposition shall be cash and/or publicly traded securities, (ii) the consideration received in respect of such sale or other disposition shall be equal to or greater than the fair market value of the Oil and Gas Property, interest therein or Subsidiary subject of such sale or other disposition (as reasonably determined by the board of directors of the Borrower and, if requested by the Administrative Agent, the Borrower shall deliver a certificate of a Responsible Officer of the Borrower certifying to that effect), (iii) if such sale or other disposition of Oil and Gas Property or Subsidiary owning Oil and Gas Properties included in the most recently delivered Reserve Report during any period between two successive Scheduled Redetermination Dates has a fair market value (as determined by the Administrative Agent), individually or in the aggregate, in excess of $5,000,000, the Borrowing Base shall be reduced, effective immediately upon such sale or disposition, by an amount equal to the value, if any, assigned such Property as determined by the Required Lenders assigned such Property in the most recently delivered Reserve Report and (iv) if any such sale or other disposition is of a Subsidiary owning Oil and Gas Properties, such sale or other disposition shall include all the Equity Interests of such Subsidiary; and (e) sales and other dispositions of Properties not regulated by Section 9.12(a) to (d) having a fair market value not to exceed $250,000 during any 12-month period.