Common use of AMENDMENT TO LEGAL DESCRIPTION Clause in Contracts

AMENDMENT TO LEGAL DESCRIPTION. The parties acknowledge that the consideration to the Asset Seller and the Real Property Seller for the agreement of the Asset Seller and the Real Property Seller to extend the Closing Date is the reservation of a tract of three (3) acres, more or less, of the property which is defined in the original Asset Purchase Agreement as the Real Property. Accordingly, Exhibit B to the Asset Purchase Agreement and Exhibit A to the Security Deed are each hereby amended to add the following provision, to be inserted at the end of the said existing Exhibit B and Exhibit A, respectively: “LESS AND EXCEPT a tract of three (3) acres, more or less, located in the portion of the above described property which is not within the animal fence enclosing the part of the said property actively used in the Business, fronting not less than three hundred (300) feet on either the Xxxxx Road or the Oak Grove Road, which shall be designated by the Real Property Seller on or before the Closing Date and which shall be surveyed at the expense of the Real Property Seller.”

Appears in 2 contracts

Samples: Agreement for Purchase (Great American Family Parks Inc), Agreement for Purchase (Great American Family Parks Inc)

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AMENDMENT TO LEGAL DESCRIPTION. The parties acknowledge that the consideration to the Asset Seller and the Real Property Seller for the agreement of the Asset Seller and the Real Property Seller to extend the Closing Date is the reservation of a tract of three (3) acres, more or less, of the property which is defined described as the Real Property in the original Asset Purchase Agreement as the Real PropertyProperty Agreement. Accordingly, Exhibit B Attachment I to the Asset Real Property Purchase Agreement and Exhibit A to the Security Warranty Deed are each hereby amended to add the following provision, to be inserted at the end of the said existing Exhibit B Attachment I and the said existing Exhibit A, respectively: “LESS AND EXCEPT a tract of three (3) acres, more or less, located in the portion of the above described property which is not within the animal fence enclosing the part of the said property actively used in the Business, fronting not less than three hundred (300) feet on either the Xxxxx Road or the Oak Grove Road, which shall be designated by the Real Property Seller on or before the Closing Date and which shall be surveyed at the expense of the Real Property Seller.”

Appears in 2 contracts

Samples: Real Estate Purchase Agreement (Great American Family Parks Inc), Real Estate Purchase Agreement (Great American Family Parks Inc)

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