Building Purchase Sample Clauses

Building Purchase. The Building Purchase shall have been consummated or shall be consummated concurrently with the Closing.
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Building Purchase. It is mutually agreed and understood that SPEC will purchase the Project Building with funds contributed by the Collaborating Districts. The Project Building will be held as an asset of SPEC.
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Building Purchase. Buyer agrees to purchase and Seller agrees to sell the building located at 000 Xxxx Xxxx, Xxxxxxxx, XX 00000 for $850,000 in cash or through the assumption of the current mortgage and cash within 180 days from the Closing Date, subject to (i) a qualified appraisal confirming such valuation or in absence of an appraisal the verification of historical cost greater than $850,000, and (ii) Buyer’s satisfaction with the results of Buyer’s due diligence review regarding the property, including, but not limited to, phase I and phase II environmental studies as deemed necessary by Buyer. Buyer will rent the building on a month-to-month basis, for monthly rental payments of Ten Thousand ($10,000) Dollars on a triple net basis until the purchase is completed. Buyer will reserve warehouse space for Express-1 Transportation. Such space shall be leased from Target at a rate of $250 per month.
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Building Purchase. It is mutually agreed and understood the HVED will purchase the Project Building with funds contributed by the Collaborating Districts. The Project Building will be held as an asset of HVED.
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Building Purchase. Within one hundred twenty (120) calendar days after the Effective Date, Gentex agrees to purchase the property located at 00000 Xxxxxxx Xx. Xxxxxxx, XX 00000 from Employee (or any entity Employee controls, as applicable) for $950,000.00, subject to usual terms and conditions for an acquisition of real property of this type.
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Building Purchase. During the term hereof, Miller shall have the xxxxxn to purchase the Property (the "Option"). This purchase Option will be contingent upon the County complying with Kansas law for such a purchase, including K.S.A. 19-211. Upon successful completion of the requirements of Kansas law and K.S.A. 19-211, (the "Statutory Requirements") and if Miller is the successxxx xxdder, Miller shall have the xxxxxn to pay the County the sum of One Hundred Seventy-Five Thousand an 00/100 Dollars ($175,000.00) hereinafter referred to as the Balloon Payment and accept ownership of the Property. If Miller tenders the Baxxxxx Payment, County shall deed the property to Miller in Fee Simple xx Xxxranty Deed subject only to easements and restrictions of record as of the date hereof and free and clear of all liens and encumbrances (except as caused or permitted by Miller). Provided Mixxxx xeclines to taxx xxxership of the property, any subsequent lease between the parties shall be at fair market value rate. The Balloon Payment shall be reduced by Full-Time Employee Reduction (FTE) in accordance with a yearly FTE schedule as shown herein. The Balloon Payment shall be divided into five (5) parts of $35,000.00 for each year, however, payment will be due only at the conclusion of the initial term. For each given year, the payment due shall be reduced as provided herein. In other words, for each year that the FTE is met in full, a $35,000.00 reduction shall be made to the Balloon Payment. If the entire FTE number is not met such representative portion of the Balloon Payment for that given year shall be reduced by the applicable percentage. The FTE reductions shall be computed by taking the total number of hours worked (includes paid holiday, vacation, personal days and sick days) at the property by employees of Miller during the prexxxxxx twelve months and dividing by two thousand eight (2,080). The FTE shall be computed on the anniversary date of this Lease being executed and binding in accordance with the Statutory Requirements (the "Effective Date"), and computed for the preceding twelve months. Miller shall submit tx Xxxxty a certified statement of employment not more than thirty days after the anniversary date of the Effective Date of this Lease. The statement shall be provided to County by Miller and shall be cxxxxxxed by an independent accounting firm authorized to make such certification for Miller in accordance xxxx xhe Generally Accepted Rules of Accounting to the extent they ...
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Related to Building Purchase

  • Building With respect to each parcel of Real Estate, all of the buildings, structures and improvements now or hereafter located thereon. Business Day. Any day on which banking institutions located in the same city and State as the Agent’s Head Office are located are open for the transaction of banking business and, in the case of LIBOR Rate Loans, which also is a LIBOR Business Day.

  • Building Use Agency facilities may be used for Union activities according to current building use policies, so long as the facility is available and proper scheduling has been arranged.

  • Building Access The authorized representatives of the Union shall upon request have access to the District’s premises at any reasonable time for the purpose of adjusting grievances, investigating working conditions, or ascertaining that provisions of this Agreement are being adhered to; provided the representatives check in with the front office, following school protocol to receive a visitor’s badge, they do not interfere with employees in the performance of their duties. The Union shall furnish the District with the names of its authorized representatives.

  • Building Signage 1. Tenant shall be entitled to the greater of: (i) one (1) exclusive tenant identification sign per Building that does not to exceed 75 square feet, or (ii) Tenant’s pro rata share of the maximum exterior signage permitted by applicable Laws that is allocated to the parcel on which the Building is located (the “Building Signage”). The exact location of the Building Signage shall be determined by Tenant, subject to all applicable Laws, any reasonable signage guidelines for the Project established by Landlord that are provided to Tenant prior to installation of the Building Signage, and Landlord’s prior written approval, which approval shall not be unreasonably withheld, conditioned or delayed. Such right to the Building Signage is personal to Tenant and is subject to the following terms and conditions: (a) Tenant shall submit plans and drawings for the Building Signage to Landlord and to the City of San Mateo and to any other public authorities having jurisdiction and shall obtain written approval from Landlord (not to be unreasonably withheld, conditioned or delayed) and, if applicable, each such jurisdiction prior to installation, and shall comply with all applicable Laws; (b) Tenant shall, at Tenant’s sole cost and expense, design, construct and install the Building Signage; (c) the size, color and design of the Building Signage shall be subject to Landlord’s prior written approval; and (d) Tenant shall maintain the Building Signage in good condition and repair, and all costs of maintenance and repair shall be borne by Tenant. Maintenance shall include, without limitation, cleaning and, if the Building Signage is illuminated, relamping at reasonable intervals. Tenant shall be responsible for any electrical energy used in connection with the Building Signage. Notwithstanding the foregoing, Tenant shall not be liable for any fee in connection with Tenant’s right to display the Building Signage in accordance with this Lease. At Landlord’s option, Tenant’s right to the Building Signage may be revoked and terminated upon occurrence of any of the following events: (i) Tenant shall be in default under this Lease beyond any applicable notice and cure periods; (ii) Tenant leases or occupies less than 75% of the Premises, or (iii) this Lease shall terminate or otherwise no longer be in effect. 2. Upon the expiration or earlier termination of this Lease or at such other time that Tenant’s signage rights are terminated pursuant to the terms hereof, if Tenant fails to remove the Building Signage and repair the Building in accordance with the terms of this Lease, Landlord shall cause the Building Signage to be removed from the Building and the Building to be repaired and restored to the condition which existed prior to the installation of the Building Signage (including, if necessary, the replacement of any precast concrete panels), all at the sole cost and expense of Tenant and otherwise in accordance with this Lease, without further notice from Landlord notwithstanding anything to the contrary contained in this Lease. Tenant shall pay all costs and expenses for such removal and restoration within fifteen (15) business days following delivery of an invoice therefor accompanied by reasonable supporting documentation. The rights provided in this Section 36.A shall be non-transferable (except with respect to a Permitted Transferee) unless otherwise agreed by Landlord in writing in its sole discretion.

  • Capacity Building 1. Contractor will work in partnership with AOD to study the viability of billing under Drug Medi-Cal and 3rd party payer. 2. Contractor will document and track consumers who are CalWORKS eligible.

  • Building Codes The following Building Codes, in the latest editions approved by the Georgia Department of Community Affairs, shall be used. (See O.C.G.A. §8-2-20.) The Design Professional will designate any additional codes or special modifications in the Supplementary General Conditions. As of the year 2000, these codes are published jointly by the Southern Building Code Congress International, the International Code Council, the Building Officials and Code Administrators, International, and the International Conference of Building Officials, and are commonly referred to as the International Building Codes. 1.7.1.3.1 Georgia State Minimum Standard Building Code (International Building Code, 2000 Edition) with Georgia Amendments. 1.7.1.3.2 Georgia State Minimum Standard Mechanical Code (International Mechanical Code, 2000 Edition), with Georgia Amendments. 1.7.1.3.3 Georgia State Minimum Standard Gas Code (International Fuel Gas Code, 2000 Edition), with Georgia Amendments. 1.7.1.3.4 Georgia State Minimum Standard Plumbing Code (International Plumbing Code, 2000 Edition), with Georgia Amendments. 1.7.1.3.5 Georgia State Minimum Standard Electric Code (National Electrical Code, 2002 Edition), with Georgia Amendments. 1.7.1.3.6 Georgia State Minimum Standard Energy Code (International Energy Conservation Code, 2000 Edition), with Georgia Amendments. 1.7.1.3.7 Georgia State Minimum Standard Fire Prevention Code (International Fire Code, 2003 Edition), with Georgia Amendments.

  • Adjacent Premises If the Premises are part of a larger building, or of a group of buildings owned by Lessor which are adjacent to the Premises, the Lessee shall pay for any increase in the premiums for the property insurance of such building or buildings if said increase is caused by Lessee's acts, omissions, use or occupancy of the Premises.

  • Building Permits All building permits required for the construction of the Improvements have been obtained prior to the commencement of the construction of the Improvements and copies of same will be delivered to Lessor.

  • Expansion Premises In addition to the Original Premises, commencing on the Expansion Premises Commencement Date (as defined below), Landlord leases to Tenant, and Tenant leases from Landlord, the Expansion Premises.

  • Building and Improvements Lessor shall obtain and keep in force during the term of this Lease a policy or policies in the name of Lessor, with loss payable to Lessor and to any Lender(s), insuring against loss or damage to the Premises. Such insurance shall be for full replacement cost, as the same shall exist from time to time, or the amount required by any Lender(s), but in no event more than the commercially reasonable and available insurable value thereof if, by reason of the unique nature or age of the improvements involved, such latter amount is less than full replacement cost. Lessee-Owned Alterations and Utility Installations, Trade Fixtures and Lessee's personal property shall be insured by Lessee pursuant to Paragraph 8.

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