CONDITIONS PRECEDENT TO AGREEMENT OBLIGATIONS Sample Clauses

CONDITIONS PRECEDENT TO AGREEMENT OBLIGATIONS. All of the following must occur before either party’s obligations under this Agreement shall become effective. 1. The Village, MOI, and Developer must approve and execute this Agreement. 2. Developer shall provide commitment letters demonstrating it has secured sufficient financing to pay for the Project, which Village hereby acknowledges receipt thereof. 3. Developer shall execute and deliver to the Village for recording with the Dane County Register of Deeds, a Tax Agreement in the form attached as Attachment D. 4. Developer must obtain all necessary licenses, permits and approvals from the Village required for the commencement of construction of the Project. If the events described in this Section are not satisfied by July 1, 2021, then this Agreement shall be null and void.

CONDITIONS PRECEDENT TO AGREEMENT OBLIGATIONS. All of the following must occur before either party’s obligations under this Agreement shall become effective. 1. The Village and Developer must approve and execute this Agreement. 2. Developer shall provide commitment letters demonstrating it has secured sufficient financing to pay for the Project. 3. Developer shall execute and deliver to the Village for recording with the Dane County Register of Deeds, a Tax Agreement. 4. Developer must obtain all necessary licenses, permits and approvals from the Village required for the commencement of construction of the Public Improvements. If this Agreement is not executed by the closing date on the Avid Real Estate Property real estate transaction, then this Agreement and the contract for sale of the Avid Real Estate Property by the Village to Developer shall be null and void. If the remainder of the requirements described in this Section are not satisfied by July 1, 2021, then this Agreement shall be null and void.

CONDITIONS PRECEDENT TO AGREEMENT OBLIGATIONS. All of the following must occur before either party’s obligations under this Agreement shall become effective. 1. The Village and Developer must approve and execute this Agreement. 2. Developer shall provide commitment letters demonstrating it has secured sufficient financing to pay for the Project. 3. Developer shall execute and deliver to the Village for recording with the Dane County Register of Deeds, a Tax Agreement. 4. Developer shall acquire title of the Xxxxxx Property from the Village. If this Agreement is not executed by the closing date on the Xxxxxx Property real estate transaction, then this Agreement and the contract for sale of the Xxxxxx Property by the Village to Developer shall be null and void. If the remaining requirements described in this Section are not satisfied by September 30, 2021, then this Agreement shall be null and void.

CONDITIONS PRECEDENT TO AGREEMENT OBLIGATIONS. All of the following must occur before either party’s obligations under this Agreement shall become effective. 1. The City and Developer must approve and execute this Agreement. 2. Developer must acquire fee simple title to the Property. 3. A Tax Increment District must be fully and finally approved by the City, the Joint Review Board and the Wisconsin Department of Revenue pursuant to Wis. Stat. § 66.

CONDITIONS PRECEDENT TO AGREEMENT OBLIGATIONS. Upon the occurrence of all of the following, the parties’ obligations under this Agreement shall become effective. 1. The Village and Developer must approve and execute this Agreement. 2. Developer shall provide commitment letters demonstrating it has secured sufficient financing to pay for the Project. 3. Developer must obtain all necessary licenses, permits and approvals from the Village required for the commencement of construction of the Public Improvements. If the events described in this Section are not satisfied by May 30, 2025 then this Agreement shall be null and void. Alternatively, if Developer requests and is issued, prior to the date above, approval of a start date or approval to commence clearing and grading activities prior to approval of a start date, the obligations of the parties under this agreement shall become effective upon such approval.

CONDITIONS PRECEDENT TO AGREEMENT OBLIGATIONS. All of the following must occur before either party’s obligations under this Agreement shall become effective. 1. The Village and Developer must approve and execute this Agreement. 2. Developer shall provide commitment letters demonstrating it has secured sufficient financing to pay for the Project. 3. Developer shall execute and deliver to the Village for recording with the Dane County Register of Deeds, a Tax Agreement. 4. Developer must obtain all necessary licenses, permits and approvals from the Village required for the commencement of construction of the Public Improvements. 5. The parties close on the Jump Around Property real estate transaction. If the events described in this Section are not satisfied by the closing date on the Jump Around Property real estate transaction, then this Agreement and the contract for sale of the Jump Around Property by the Village to Developer shall be null and void.

CONDITIONS PRECEDENT TO AGREEMENT OBLIGATIONS. Upon the occurrence of all of the following, the parties’ obligations under this Agreement shall become effective. 1. The Village and Developer must approve and execute this Agreement. 2. Developer shall provide commitment letters demonstrating it has secured sufficient financing to pay for the Project. 3. Developer must obtain all necessary licenses, permits and approvals from the Village required for the commencement of construction of the Public Improvements. 4. Developer must have obtained approval to vacate the entirety of Highland Drive. If the events described in this Section are not satisfied by June 30, 2024, then this Agreement shall be null and void.

CONDITIONS PRECEDENT TO AGREEMENT OBLIGATIONS. Upon the occurrence of all of the following, the parties’ obligations under this Agreement shall become effective. 1. The Village and Developer must approve and execute this Agreement. 2. Developer shall provide commitment letters demonstrating it has sufficient funding or has secured sufficient financing to pay for the Project. 3. Developer must obtain all necessary licenses, permits and approvals from the Village required for the commencement of construction of the Public Improvements. 4. Developer shall execute and deliver to the Village for recording with the Dane County Register of Deeds a Tax Agreement in the form attached as Attachment B. 5. The parties close on the real estate transaction for the Property. If the events described in this Section are not satisfied by the closing date on the Property real estate transaction, then this Agreement and the contract for sale of the Property by the Village to the Developer shall be null and void.

CONDITIONS PRECEDENT TO AGREEMENT OBLIGATIONS. All of the following must occur before either party’s obligations under this Agreement shall become effective. 1. The Village and Developer must approve and execute this Agreement. 2. Developer shall provide commitment letters demonstrating it has secured sufficient financing to pay for the Project. 3. Developer must obtain all necessary licenses, permits and approvals from the Village required for the commencement of construction of the Public Improvements. If the events described in this Section are not satisfied by September 1, 2021, then this Agreement shall be null and void.

CONDITIONS PRECEDENT TO AGREEMENT OBLIGATIONS. All of the following must occur before either party’s obligations under this Agreement shall become effective. 1. The Village and Developer must approve and execute this Agreement. 2. Developer shall provide commitment letters demonstrating it has secured sufficient financing to pay for the Project. 3. Developer shall execute and deliver to the Village for recording with the Dane County Register of Deeds, a Tax Agreement in the form attached as Attachment C. 4. Developer must obtain all necessary licenses, permits, and approvals from the Village required for development of the Dolphin Swim Property and construction of the Project. 5. The parties close on the Dolphin Swim Property real estate transaction. If the events described in this Section C are not satisfied by the closing date on the Dolphin Swim Party real estate transaction, then this Agreement shall be null and void.