Common use of Land Contracts Clause in Contracts

Land Contracts. Xxxxxxx Disclosure Schedule Section 5.8(c) contains an accurate and complete list and brief description of all written agreements, arrangements, contracts, and commitments as of September 10, 2000 to which any of the Xxxxxxx Entities is a party or entered into on behalf thereof pursuant to which any of the Xxxxxxx Entities (i) is obligated to purchase any developed or undeveloped real property, whether or not such obligation is subject to conditions (the "Xxxxxxx Land Contract Property") as of the Agreement Date or (ii) possesses an option to acquire any developed or undeveloped real property (the "Xxxxxxx Option Real Property"). In addition, Xxxxxxx Disclosure Schedule Section 5.8(c) contains an accurate and complete list of all deposits or other moneys that would be forfeited or paid as a result of a failure to exercise the option on any such Xxxxxxx Option Real Property.

Appears in 4 contracts

Samples: Agreement and Plan of Reorganization (Schuler James K), Agreement and Plan of Reorganization (Apollo Real Estate Investment Fund L P/Ny), Agreement and Plan of Reorganization (Schuler Homes Inc)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.