Deal Points. You will supply the Asset(s) to the Purchaser, and you have honestly and accurately represented the Asset(s) to the best of your knowledge and ability. - We have agreed with you to a purchase price and form of consideration to be paid for each Asset, as outlined below. - For a period of eight (8) weeks from the date of this Option Agreement (the “Period”), you grant us the exclusive right to purchase the Asset(s).
Deal Points. The final agreements to be executed by the Parties will include the following deal points:
a. All Parties acknowledge the approved entitlements and vested rights for the Booth Heights Parcel will be extended for the duration of the steps identified in this MOU and in exchange Triumph Development and Vail Resorts will delay the start of any construction on the Booth Heights Parcel.
b. The Town will make Lot 3, Middle Creek Subdivision available to Triumph Development to commence demolition and construction by September 15, 2021.
c. Triumph Development and the Town, as development application co- applicants, will lead a design development effort to design and entitle, a new 100% deed- restricted development on Lot 3, Middle Creek Subdivision (the "Lot 3 Project"). Said development application shall comply with all adopted rules, regulations, and codes of the Town of Vail, as may be applicable. The co-applicant relationship will include assistance from the Town of Vail Planning Staff in the preparation of a development application and presentation for approval to the Town of Vail’s Design Review Board, Planning & Environmental Commission, and Vail Town Council, as required. The co- applicant relationship will cease upon the granting of the development application approval by the reviewing boards. Triumph Development will have sole responsibility of all subsequent development costs, risks and construction permitting. The Design Development Application Cost Reimbursement are as listed in Exhibit A attached hereto.
d. The Town will fund the development application costs for the Lot 3 Project as a means of reimbursing Triumph Development for their investment in the approved entitlements for Booth Heights. Development application costs include those direct costs of site and project due diligence, civil and architectural design, legal fees for all parties directly related to the alternate development site, construction estimating, and preparing development applications and presentation of the application to the Town of Vail Planning & Environmental Commission and Design Review Board intended to demonstrate compliance with the adopted rules, regulations and codes of the Town, as may be applicable. In the event of the successful completion of Lot 3, Project, by Triumph Development, but the title to Booth Heights does not transfer to the Town, the property owner of the Booth Heights Parcel will reimburse the Town for the above development application costs prior to ap...
Deal Points. Operating Endowment Agreement
Deal Points. The purchaser shall pay and deliver the purchase price following notice from the Seller that all of the Assets have been acquired and all consideration for the Assets paid to the relevant third parties by the Seller, and subject to the qualification by the SEC of the Purchaser’s investment offering and the investment of sufficient funds in that offering. -The Purchaser and Seller agree to take reasonable steps to confirm the method and time of payment of the Purchase Price, including any information that the Purchaser requires to initiate a wire transfer to the Seller. -We have agreed with you to a purchase price and form of consideration to be paid for each Asset, as outlined below. Your Rights and Obligations -You have the ability to supply the Assets listed in the Asset Table. -Upon trade settlement, you will store, maintain, and insure the Asset(s) as part of your inventory and consistent with the manner in which they were stored, maintained, and insured prior to the date of this Purchase Agreement. -You will provide us with reasonable access to the Asset(s) for the creation of marketing materials. Marketing materials remain our property. -Right to possession of the Assets shall transfer to the Purchaser upon payment of the Purchase Price. It is the Seller’s duty to ensure the Assets are delivered to the Purchaser or to the Purchaser’s designated storage facility in the same condition as when purchased by the Seller. -Upon the completion of the offering, you will continue to store, maintain, and insure the assets, in exchange for the payment of storage fees. The Results: -Upon the successful completion of the relevant offering through the Vint platform, you will receive payment of the Consideration for the associated Asset, as outlined below, and we will assume title in, and take possession of, the Asset(s), unless otherwise mutually agreed by you and us. Other: -This Purchase Agreement may be modified or amended only with the prior written consent of both Purchaser and Seller. Memento Mori Cabernet Sauvignon 2019 6 2.06% Xxxxxx Vineyard Cabernet Sauvignon 2019 3 2.05% Saxum Heart Stone Vineyard 2019 3 0.50% Realm Cellars The Bard 2019 3 0.50% Xxxxx Xxxxxxxxxx Vineyard 2019 3 0.51% Myriad Cellars Cabernet Sauvignon Reserve Beckstoffer Xx. Xxxxx 2019 5 1.72% Futo 5500 Stags Leap District Estate 2019 2 1.15% Xxxxxxxx Xxxxxxxxxxx Las Piedras 2019 3 1.08% Xxxxxxxx Cabernet Sauvignon WH Wappo Hill 2019 3 1.20% Xxxxxxxx Cabernet Sauvignon RBS To Xxxxx Xxxxxx...
