Common use of Buyer’s Obligations at Closing Clause in Contracts

Buyer’s Obligations at Closing. At the Closing, Buyer shall: (a) pay to the Seller the amount of the Base Cash Amount and the Adjusted Cash Amount in the manner set forth in Section 1.3, plus any other fees, costs, expenses and amounts set forth as Buyer’s obligations in Section 4.4 and Section 4.5; (b) join Seller in the execution of the Assignment and Assumption of Leases; (c) join Seller in the execution of the Assignment and Assumption of Contracts; (d) join Seller in the execution of the Assignment and Assumption of Warranties and Guaranties; (e) join Seller in the execution of the Assignment of Licenses and Permits; (f) deliver to the Seller such evidence as the Title Company may reasonably require as to the authority of the person or persons executing documents on behalf of Buyer; (g) deliver certificates in the names of the Electing Members to the Seller representing the OP Units; and (h) deliver such additional documents as shall be reasonably required by the Title Company to consummate the transaction contemplated by this Agreement. (i) deliver such documents as may be reasonably required by the Lender in issuing its approval of Buyer’s assumption of the Existing Indebtedness.

Appears in 3 contracts

Samples: Purchase and Sale Agreement (Wheeler Real Estate Investment Trust, Inc.), Purchase and Sale Agreement (Wheeler Real Estate Investment Trust, Inc.), Purchase and Sale Agreement (Wheeler Real Estate Investment Trust, Inc.)

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Buyer’s Obligations at Closing. At the Closing, Buyer shall: (a) pay to the Seller the amount of the Base Cash Amount and the Adjusted Cash Amount in the manner set forth in Section 1.3, plus any other fees, costs, expenses and amounts set forth as Buyer’s obligations in Section 4.4 and Section 4.5; (b) join Seller in the execution of the Assignment and Assumption of LeasesGround Lease Assignment; (c) join Seller in the execution of the Assignment and Assumption of Leases; (d) join Seller in the execution of the Assignment and Assumption of Contracts; (de) join Seller in the execution of the Assignment and Assumption of Warranties and Guaranties; (ef) join Seller in the execution of the Assignment of Licenses and Permits; (fg) deliver to the Seller such evidence as the Title Company may reasonably require as to the authority of the person or persons executing documents on behalf of Buyer; (gh) deliver certificates in the names of the Electing Members to the Seller representing the OP Units; and (hi) deliver such additional documents as shall be reasonably required by the Title Company to consummate the transaction contemplated by this Agreement. (i) deliver such documents as may be reasonably required by the Lender in issuing its approval of Buyer’s assumption of the Existing Indebtedness.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Wheeler Real Estate Investment Trust, Inc.)

Buyer’s Obligations at Closing. At the Closing, Buyer shall: (a) pay to the Seller the amount of the Base Cash Amount and the Adjusted Cash Amount in the manner set forth in Section 1.3, plus any other fees, costs, expenses and amounts set forth as Buyer’s obligations in Section 4.4 and Section 4.5; (b) join Seller in the execution of the Assignment and Assumption of Leases; (c) join Seller in the execution of the Assignment and Assumption of Contracts; (d) join Seller in the execution of the Assignment and Assumption of Warranties and Guaranties; (e) join Seller in the execution of the Assignment of Licenses and Permits; (f) deliver to the Seller such evidence as the Title Company may reasonably require as to the authority of the person or persons executing documents on behalf of Buyer; (g) deliver certificates in the names of the Electing Members to the Seller representing the OP Units; and (h) deliver such additional documents as shall be reasonably required by the Title Company to consummate the transaction contemplated by this Agreement. (i) deliver such documents as may be reasonably required by the Lender in issuing its approval of Buyer’s assumption of the Existing Indebtedness.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Wheeler Real Estate Investment Trust, Inc.)

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Buyer’s Obligations at Closing. At the Closing, Buyer shall: (a) pay to the applicable Seller the amount of the Base Cash Amount and allocated Sale Price for the Adjusted Cash Amount in portion of the manner set forth in Section 1.3Property owned by Seller (subject to adjustment pursuant to the terms of this Agreement), plus any other fees, costs, expenses and amounts set forth as Buyer’s obligations in Section 4.4 and Section 4.5; (b) join each Seller in the execution of the such Seller’s Assignment and Assumption of Leases; (c) join each Seller in the execution of the such Seller’s Assignment and Assumption of Contracts; (d) join each Seller in the execution of the such Seller’s Assignment and Assumption of Warranties and Guaranties; (e) join each Seller in the execution of the such Seller’s Assignment of Licenses and Permits; (f) deliver to the Seller such evidence as the Title Company may reasonably require as to the authority of the person or persons executing documents on behalf of Buyer; (g) deliver certificates in the names of the Electing Members to the Seller representing the OP Units; and (h) deliver such additional documents as shall be reasonably required by the Title Company to consummate the transaction contemplated by this Agreement.; and (ih) deliver join each Seller in the execution of such documents as may be reasonably required by the Lender in issuing its approval of BuyerSeller’s assumption of the Existing IndebtednessClosing Statement.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Wheeler Real Estate Investment Trust, Inc.)

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