JPA Closing Contingencies Sample Clauses

JPA Closing Contingencies. JPA’s obligation to close shall be contingent upon the following: a. Execution, delivery and recording of the Shared Parking, Easements and Maintenance Agreement between Woollam and the City pursuant to Section 301 below. b. Approval by City of the acquisition of the Park Parcel from the Lincoln Parks and Recreation Foundation pursuant to the Real Estate Purchase Agreement between the Lincoln Parks and Recreation and the City and dedication of said Park Parcel as a public park (“Park”). c. Delivery of the Equalization Payment to the Title Company. d. Delivery of security, in a form acceptable to the City Law Department, to guarantee that the Woollam Contribution (defined below) is available to the City at such time as it is constructed by the City. e. The City’s approval and recording of the Final Plat (defined below). f. The covenants, representations, and warranties of Woollam contained in this Agreement shall be true and correct in all material respects at and as of the Date of Closing as through such covenants, representations, and warranties were made at and as of such time.

JPA Closing Contingencies. The JPA’s obligation to close shall be contingent upon the following: (i) In order to construct Deck 3 as provided in Section 501 below, it will be necessary for the JPA to issue bonds or other evidence of indebtedness (“JPA Parking Garage Bond”) as provided for in Article VI of the Joint Public Agency Agreement creating the West Haymarket Joint Public Agency (“JPA Creation Agreement”) entered into as of April 1, 2010 between the City and the Board of Regents of the University of Nebraska. The JPA’s obligation to close and the JPA’s obligation to issue the JPA Parking Garage Bonds and to construct Deck 3 is contingent upon the question of whether the JPA should issue such bonds or indebtedness first being presented to and approved by the Mayor and City Council of the City of Lincoln as provided in Article VI of the JPA Creation Agreement. (ii) Execution and delivery of the Redeveloper Service Agreement between the Redeveloper and the JPA pursuant to Section 302A.2.(c).