Pending Contract definition

Pending Contract. As defined in Section 26.1.3.
View Source
Pending Contract means a bona fide written contract providing for (i) the sale of the Premises by Landlord to a Person other than a Person affiliated with Landlord at a sale price at least equal to the Appraised Value and (ii) a date for the closing of such sale that is scheduled to occur within ninety (90) days of the date of such contract. In the event Landlord does not sell the Premises in accordance with the preceding provisions of this Section 40.5, Landlord may either:
View Source
Pending Contract has the meaning set out in Section 4.1(a);
View Source

Examples of Pending Contract in a sentence

  • BROKER is required to electronically input or deliver to TREND, or other MLS provider within three (3) business days, all changes of status to this Agreement, including the reporting of Under Contract, Pending Contract, Settled (including sale price), Withdrawn or Temporarily Withdrawn.

  • BROKER is required to electronically input or deliver to Bright MLS, and/or other MLS providers within Three (3) business days, all changes of the status to this Agreement, including the reporting of Under Contract, Pending Contract, Settled (including sale price), Withdrawn or Temporarily Withdrawn.

  • On the applicable Final Assignment Date, with respect to any Consent Pending Contract, Buyer and such Seller Entity shall execute and deliver to one another such instrument of assignment and assumption necessary to effect the assignment and assumption contemplated hereby.

  • Pending Contract becomes a "Consent-Denied Contract" if (i) such Contract terminates according to its terms by reason of a breach of such Contract which occurred prior to the Closing or (ii) any party to such Contract other than the Sellers or the Buyer expressly terminates the Buyer's enjoyment of the rights and benefits pursuant to such Contract on the ground that such party's consent to the assignment of the Sellers' rights under such Contract pursuant to this Agreement has not been obtained.

  • In the event the Premises is not sold within such twelve (12) month period but is subject to a Pending Contract (as defined below), Landlord shall continue to be free to sell the Premises upon the terms set forth in the Pending Contract.

  • Notwithstanding anything in this Agreement to the contrary, on the date any Consent Pending Contract is assumed and assigned to the Purchaser, and, as necessary, otherwise assigned to the Purchaser under applicable Canadian Law, pursuant to this Section 2.11(b), such Consent Pending Contract shall be deemed an Assigned Contract and deemed scheduled in Section 3.13(a) of the Sellers’ Disclosure Schedule under the appropriate heading for all purposes under this Agreement.

  • BROKER is required to electronically input or deliver to the MLS provider within three (3) business days all changes of status to this Agreement, including the reporting of Under Contract, Pending Contract, Settled (including sale or rental price), or Withdrawn or Temporarily Withdrawn.

  • With the exception of any Consent Pending Contract, immediately after the Closing, the Purchaser shall own or have the right to use in the operation of the Business all of the Business Intellectual Property and Business IT Assets, on terms and conditions the same in all material respects as those in effect prior to the Closing.

  • No material breach by Company or to any Shareholder's knowledge, by any other party exists under any Material Contract with the exception of breaches giving rise to the Pending Contract Disputes.

  • Upon expiration of the Term of this Agreement pursuant to Article 2 or termination of this Agreement pursuant to either Section 7.1 or 7.2, Manager shall continue to assist in the completion of any Pending Contract and any other transaction for which compensation is payable to the Manager under this Agreement and Master Servicer shall remain obligated to pay compensation to Manager as provided above upon the closing of any Pending Contracts.


More Definitions of Pending Contract

Pending Contract means the acceptance of an Offer by a Buyer of NMF Services subject to the confirmation from the Distribution Licensee that those NMF Services may proceed;
View Source
Pending Contract means a contract or prospective contract from the submission of a
View Source
Pending Contract means a standard contract for sale of real estate in the applicable jurisdiction with respect to which the contingency period has expired or which does not contain a contingency period of more than 60 days.
View Source
Pending Contract means a bona fide written contract which provides for the sale of the Premises to an unrelated third party at a sale price not less than ninety-five percent (95%) of the purchase price last offered by Landlord to Tenant and sets an outside date for the closing of such sale not later than sixteen (16) months after Tenant's receipt of the Offer Notice; and (y) a sale of the Premises shall be deemed to include the sale or transfer of an equity interest in the entity directly or indirectly owning the Land and/or the balance of the Premises, except to the extent permitted by subsection (c) below. If a sale is consummated within such 12-month period or pursuant to a Pending Contract, then Tenant shall have no further ROFOP and this Section 32.2 shall be deemed null and void. Upon request, Landlord shall deliver to Tenant an unconditional certification signed by an authorized officer of Landlord stating that the preceding percentage and time limitations were not violated in connection with such sale.
View Source

Related to Pending Contract

  • Continuing Contract means a contract for Professional Services entered into in accordance with Section 287.055 of the Florida Statutes, between the District and a firm, whereby the firm provides Professional Services to the District for projects in which the costs do not exceed two million dollars ($2,000,000), for a study activity when the fee for such Professional Services to the District does not exceed two hundred thousand dollars ($200,000), or for work of a specified nature as outlined in the contract with the District, with no time limitation except that the contract must provide a termination clause (for example, a contract for general District engineering services). Firms providing Professional Services under Continuing Contracts shall not be required to bid against one another.

  • Shipbuilding Contract means each of the Vessel A Shipbuilding Contract and the Vessel B Shipbuilding Contract and in the plural means both of them;

  • Training Contract means an agreement signed by the employer and the Apprentice or Trainee (and a parent or guardian if applicable), in accordance with the Act and Regulatory requirements.

  • Governmental contract means a contract awarded by a governmental entity for general construction, an improvement, a service, or a public works project for a purchase of supplies, materials, or equipment. The term includes a contract to obtain a professional or consulting service subject to Government Code, Chapter 2254.

  • Procurement Contract or “Contract” means any written agreement of the Authority for the acquisition of goods or services of any kind in the actual or estimated amount of $25,000, or more.