CONDITIONS PRECEDENT TO DISTRICT'S OBLIGATION TO CLOSE. 5.2.1 The obligation of District to convey the Property and perform the other obligations it is required to perform on the Closing Date shall be subject to the following listed conditions precedent. (a) Developer shall have performed all obligations hereunder required to be performed by Developer prior to the Closing Date. (b) The representations and warranties made by Developer in Section 3.2 of this Agreement shall be true and correct in all material respects on and as if made on the Closing Date. (c) The Development Plan and all Project Drawings for the Project shall have been approved as Approved Plans and Specifications in their entirety pursuant to Article 4. (d) Developer shall be ready, willing, and able in accordance with the terms and conditions of this Agreement to acquire the Property and proceed with the development of the Project in accordance with the Approved Plans and Specifications and the Declaration. (e) Developer shall have executed a First Source Agreement and a CBE Agreement. (f) Developer shall have furnished to District certificates of insurance or duplicate originals of insurance policies required of Developer hereunder. (g) Developer shall have provided satisfactory evidence of its authority to acquire the Property and perform its obligations under this Agreement.
Appears in 4 contracts
Samples: Property Disposition Agreement, Property Disposition Agreement, Property Disposition Agreement
