Land Purchases Sample Clauses

Land Purchases. 3.2.1 After the effective date of this Agreement, the RSD may request that OPSB purchase a specified parcel of vacant land for sale on the West Bank of New Orleans to be used for the construction of the new Xxxxxx Xxxxxxx Elementary School. Such request shall only be made after involving the community in the process through one or more community meetings held on the West Bank dedicated to this particular issue. Upon such request, OPSB agrees to actively and diligently pursue purchase or acquisition of the property. OPSB’s commitment to purchase any property will be limited to the proceeds from the sale or lease of surplus or landbanked properties, or from funds provided by the RSD for such purchase. The RSD shall hold the same rights and interests in the new Xxxxxx Xxxxxxx Elementary School as the rights and interests granted to the RSD in law for schools transferred to the RSD pursuant to La. R.S. 17:10.7. After the purchase or acquisition of the property, the RSD shall build the new Xxxxxx Xxxxxxx Elementary School on the site and use it for educational purposes.
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Land Purchases. Purchase or acquire or otherwise hold title to, or permit any of its Subsidiaries to purchase, acquire or otherwise hold title to, any Land except for (a) Finished Lots and (b) land owned by a Person at the time of the Acquisition by the Borrower or a Subsidiary of the business, assets or Securities of such Person, provided (i) such Acquisition is consummated for purposes other than obtaining direct or indirect ownership of such Land, (ii) such Acquisition is otherwise permitted hereunder and (iii) such Land is an incidental part of such Person’s assets.
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Land Purchases. New Xxxxxx Xxxxxxx Elementary School • RSD: o The RSD may find, and request acquisition of, land on the West Bank to build the new Xxxxxxx Elementary School. Such request will only be made after involving the community in the process through one or more community meetings held on the West Bank dedicated to this particular issue. o After OPSB purchases or acquires the land for the RSD, the RSD will build the new Xxxxxx Xxxxxxx Elementary School on this site and use it for educational purposes. • OPSB:
Sample 1
Land Purchases. (a) From time to time during the Funding Term (as hereinafter defined), Carmel upon request by CSK shall cause Transatlantic to cause a Funding Company to enter into contracts (each a "Contract") to purchase fee title to parcel(s) of land (each parcel being "Land") for certain purchase prices (each a "Purchase Price"), subject to the terms and conditions of this Section 1. Each Contract and Purchase Price shall result from arms- length negotiations between a Funding Company and the owner of the Land in question. "Funding Term" means the period commencing on the date of this Agreement and ending on the date that is the earliest of (i) April 30, 2004; and, at (ii) the election of a Funding Company or CSK, (A) six (6) months after the earlier of (1) the first public offering of any class of CSK's equity securities (an "IPO") and (2) the material beneficial CSK Holdings, Ltd. and the Purchaser therein (the "Stock Purchase Agreement"), provided that such modification results in CSK's ability to fund the transactions contemplated by this Agreement and (B) the date that the Original Investcorp Group (as hereinafter defined) ceases to hold at least fifty percent (50%) of the shares of voting stock of CSK Group, Ltd. held by such group on the date hereof; and (iii) at the election of the Funding Companies, upon (A) the occurrence of any default, beyond any applicable notice, grace or cure periods, by CSK with respect to the payment of interest or principal under the Bank Facility, 2 whether or not waived by the applicable lender, (B) the acceleration of the Bank Facility, and (C) the occurrence under the Bank Facility of any of the following events in connection with the curing of any default under such facility: (x) an increase of the interest rate by one-half of one percent ( 1/2%) or more (other than under the terms and provisions of the original Bank Facility documents) or (y) the shortening of the maturity date by more than one (1) year; and (iv) at the election of CSK with at least ninety (90) days prior notice to the Funding Companies, any January 31, commencing on January 31, 1998. "Original Investcorp Group" shall have its meaning as defined in the Stockholders' Agreement, dated as of October 30, 1996, among Carmel, CSK, CSK Group, Ltd., CSK Holdings, Ltd. and the other shareholders that are signatories thereto.
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Related to Land Purchases

  • Sale and Purchase Upon the basis of the representations and warranties and subject to the terms and conditions herein set forth, the Company agrees to issue and sell Ordinary Shares in the form of Firm ADSs, and each of the Selling Securityholders agrees to sell, in each case severally and not jointly, to the respective Underwriters and each of the Underwriters, severally and not jointly, agrees to purchase the number of Firm ADSs set forth opposite the name of such Underwriter in Schedule A attached hereto, subject to adjustment in accordance with Section 11 hereof, in each case at a purchase price of $[ ] per Firm ADS. The Company and the Selling Securityholders are advised by you that the Underwriters intend (i) to make a public offering of their respective portions of the Firm ADSs as soon after the effective date of the Registration Statement as in your judgment is advisable and (ii) initially to offer the Firm ADSs upon the terms set forth in the Prospectus. You may from time to time increase or decrease the public offering price after the initial public offering to such extent as you may determine. In addition, the Company and the Selling Securityholders, in each case severally and not jointly, hereby grant to the several Underwriters the option (the “Over-Allotment Option”) to purchase, and upon the basis of the representations and warranties and subject to the terms and conditions herein set forth, the Underwriters shall have the right to purchase, severally and not jointly, from the Company Ordinary Shares in the form of Firm ADSs and the Selling Securityholders Firm ADSs, ratably in accordance with the number of Firm ADSs to be purchased by each of them, all or a portion of the Additional ADSs as may be necessary to cover over-allotments made in connection with the offering of the Firm ADSs, at the same purchase price per share to be paid by the Underwriters to the Company and the Selling Securityholders for the Firm ADSs. The Over-Allotment Option may be exercised by the Representatives on behalf of the several Underwriters at any time and from time to time on or before the thirtieth day following the date of the Prospectus, by written notice to the Company and the Selling Securityholders. Such notice shall set forth the aggregate number of Additional ADSs as to which the Over-Allotment Option is being exercised and the date and time when the Additional ADSs are to be delivered (any such date and time being herein referred to as an “additional time of purchase”); provided, however, that no additional time of purchase shall be earlier than the “time of purchase” (as defined below) nor earlier than the second business day after the date on which the Over-Allotment Option shall have been exercised nor later than the tenth business day after the date on which the Over-Allotment Option shall have been exercised. The number of Additional ADSs to be sold to each Underwriter shall be the number which bears the same proportion to the aggregate number of Additional ADSs being purchased as the number of Firm ADSs set forth opposite the name of such Underwriter on Schedule A hereto bears to the total number of Firm ADSs (subject, in each case, to such adjustment as the Representatives may determine to eliminate fractional ADSs), subject to adjustment in accordance with Section 11 hereof. [Upon any exercise of the Over-Allotment Option, the number of Additional ADSs to be purchased from the Company shall be the number which bears the same proportion to the aggregate number of Additional ADSs being purchased as [# of company Additional ADSs] bears to [# of Additional ADSs], and the number of Additional ADSs to be purchased from each Selling Securityholder shall be the number which bears the same proportion to the aggregate number of Additional ADSs being purchased as the number of Additional ADSs set forth opposite the name of such Selling Securityholder in Schedule C annexed hereto bears to [# of Additional ADSs], subject, in each case, to such adjustment as the Representatives may determine solely to eliminate fractional ADSs.] [To be updated depending on over-allotment allocation.] Pursuant to powers of attorney (the “Powers of Attorney”) granted by each Selling Securityholder (which Powers of Attorney shall be satisfactory to the Representatives), [ ] and [ ] shall act as representatives of the Selling Securityholders. Each of the foregoing representatives (collectively, the “Representatives of the Selling Securityholders”) is authorized, on behalf of each Selling Securityholder, among other things, to execute any documents necessary or desirable in connection with the sale of the Offered ADSs to be sold hereunder by such Selling Securityholder, to make delivery of the certificates of such Offered ADSs, to receive the proceeds of the sale of such Offered ADSs, to give receipts for such proceeds, to pay therefrom the expenses to be borne by such Selling Securityholder in connection with the sale and public offering of the Offered ADSs, to distribute the balance of such proceeds to such Selling Securityholder, to receive notices on behalf of such Selling Securityholder and to take such other action as may be necessary or desirable in connection with the transactions contemplated by this Agreement.

  • Sale and Purchase of the Shares On the basis of the representations, warranties and agreements contained in, and subject to the terms and conditions of, this Agreement:

  • Deliveries of Purchaser At the Closing, Purchaser shall deliver to Seller:

  • Subscription and Purchase Price (a) The total sum of the Purchase Price plus the Subscription Price for the Xxxxxxxx Shares shall be Reais Equivalent to U.S.$114,000,000.00 (One hundred fourteen Million U.S. Dollars plus R$8,000,000 (eight million Reais). Such payments shall not be adjusted by profits and losses of the Newco (in the ordinary course of business) as of the date of the Transfer of the Business.

  • Sale and Purchase of Shares Upon the terms and subject to the conditions contained herein, on the Closing Date the Seller shall sell, assign, transfer, convey and deliver to the Purchaser, and the Purchaser shall purchase from the Seller, all of the Shares.

  • Sale and Purchase of the Assets Upon the terms and subject to the conditions set forth in this Agreement, at the Closing, the Sellers shall sell, assign, transfer, convey and deliver to Purchaser, and Purchaser shall purchase and acquire from the Sellers, free and clear of all Liens other than Permitted Exceptions, all right, title and interest of the Sellers in and to all of their respective properties, assets, Contracts and rights, of every kind and description and wherever located, related to, used in or intended for use in connection with the Business as currently conducted or currently contemplated to be conducted, other than the Excluded Assets (collectively, the “Purchased Assets”), including without limitation the following:

  • SALE AND PURCHASE OF THE SALE SHARES 2.1 On and subject to the provisions of this Agreement, at Completion the Seller shall sell, and the Purchaser shall purchase, the Sale Shares free and clear from all Encumbrances, together with all rights attaching to them as at Completion, including any right to receive dividends, distributions or any return of capital declared, made or paid with effect from Completion.

  • The Initial Closing Trust Property shall be held by the Mortgages Trustee on the Mortgages Trust upon the satisfaction of the following conditions precedent:

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