Land Contributions Clause Samples
Land Contributions. The value of land contribution will be fifty percent (50%) of its appraised value. The land value may be applied toward the Master ▇▇▇▇▇▇ when doing so is in compliance with the specific terms of the Master Agreement dated October 8, 2002 and any amendments thereto, and is practical and beneficial to balance the account, as mutually agreed by the parties on a case- by-case basis.
Land Contributions. Each acre of land will be assigned a value of five hundred thousand dollars ($500,000). The land value may be applied toward the Master ▇▇▇▇▇▇ when doing so is in compliance with the specific terms of the Master Agreement dated October 8, 2002 and any amendments thereto, and is practical and beneficial to balance the account, as mutually agreed by the parties on a case-by-case basis.
Land Contributions. (a) Land as identified in Exhibit A of this Agreement has been leased or conveyed to the IHA, or will be so leased or conveyed before execution of the Construction Contract, as a contributed site for the Home. This land is valued at $ , which will reduce the Total Contract Price to $ .
(b) The Homebuyer=s share (MH credit) is $ .
Land Contributions