By Buyer and Seller Sample Clauses
The "By Buyer and Seller" clause establishes that certain actions, obligations, or acknowledgments within the agreement require the joint participation or mutual consent of both the buyer and the seller. In practice, this clause may apply to amendments, waivers, or confirmations that must be agreed upon and executed by both parties, ensuring that neither side can unilaterally make changes or decisions affecting the contract. Its core function is to promote fairness and mutual agreement, preventing one party from acting independently in matters that impact both parties' rights or obligations.
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By Buyer and Seller.ĚýBuyer and Seller will each deposit such other instruments consistent with this Agreement as are reasonably required by Escrow Holder or otherwise required to close escrow. In addition Seller and Buyer hereby designate Escrow Holder as the "REPORTING PERSON" for the transaction pursuant to Section 6045(e) of the Internal Revenue Code.
By Buyer and Seller.ĚýBuyer and Seller will each deposit such other instruments consistent with this Agreement as are reasonably required to effectuate the transactions contemplated under this Agreement.
By Buyer and Seller.ĚýBuyer and Seller will each deposit into the Escrow such other documents and instruments consistent with this Agreement as are reasonably required to effectuate the transactions contemplated under this Agreement.
By Buyer and Seller.ĚýBuyer, on the one hand, and Seller, on the other hand, hereby agree to indemnify and hold harmless the other party and to compensate and reimburse such party for and against all claims, damages, losses, liabilities, costs, and expenses (including settlement costs and any legal, accounting, or other expenses for investigating or defending any actions or threatened actions) reasonably incurred by the Indemnified Party (as defined herein) (together, “Damagesâ€�) in connection with each and all of the following:
(a) any breach by the Indemnifying Party (as defined herein) of any representation or warranty in this Agreement;
(b) any breach of any covenant, agreement, or obligation of the Indemnifying Party contained in this Agreement or any other agreement, instrument, or document contemplated by this Agreement; and
(c) any misrepresentation contained in any statement, exhibit, certificate, or schedule furnished by the Indemnifying Party pursuant to this Agreement or in connection with the transactions contemplated by this Agreement.
By Buyer and Seller.ĚýBuyer and Seller shall each execute and/or ------------------- deliver a closing statement and such other instruments consistent with this Agreement as are reasonably required in transactions of this type and nature in Xxxxxx County, Texas, Xxxxxx County, Georgia, and Orange County, Florida. In addition Seller and Buyer hereby designate Escrow Agent as the "Reporting Person" for the transaction pursuant to Section 6045(e) of the Internal Revenue Code, if applicable.
By Buyer and Seller.ĚýBuyer may terminate this Agreement by giving written notice of such election to Seller on any day prior to and including the final day of the Inspection Period, in which event the Deposit shall be delivered forthwith to Seller and, except as expressly set forth herein, neither party shall have any further liability or obligation to the other hereunder. In the absence of such written notice, the contingency provided for in this Section 4.6.2 no longer shall be applicable, and this Agreement shall continue in full force and effect.
By Buyer and Seller.ĚýAt the Closing, Seller will deliver to all of the tenants of the Property the Notice to Tenants. Buyer and Seller will furthermore each deposit such other instruments consistent with this Agreement as are reasonably required to effectuate the transactions contemplated under this Agreement.
By Buyer and Seller.ĚýThe arbitration panel shall render its decision in writing, and such written decision and conclusions with respect to the disputes so settled shall be final and binding on the parties to the arbitration proceeding and confirmation and enforcement of the awards so on the parties to the arbitration proceeding and confirmation and enforcement of the awards so rendered may be obtained and entered in any court having jurisdiction thereof. Each of Buyer and Seller hereby irrevocably submits to the jurisdiction of any such court for purposes of enforcement of the arbitration panel's decision.