Land Sales. Lessee acknowledges that during the term of the Lease Weyerhaeuser may, without notice to Lessee, sell or convey to a third party all or part of the Leased Property. Xxxxxx agrees that in the event of such sale or conveyance the Lease shall immediately terminate unless Weyerhaeuser, at its option, elects to assign the Lease to the new owner of the Leased Property. Should Weyerhaeuser elect not to assign the Lease and it terminates pursuant to the provisions of this paragraph, Weyerhaeuser shall return to Lessee a prorated amount of the consideration paid. If Weyerhaeuser terminates this Lease pursuant to Subsections 26(a) or 26(b) above then the following refunds will apply:
Land Sales. 15.1 Subject to the following provisions of this Clause 15, the Developer shall not be permitted to dispose of any Plot (in whole or part) except by way of any or all of the following means:
15.1.1 the grant of an Investment Lease or an agreement to grant an Investment Lease;
15.1.2 the sale of 100% of the shares in a Group Company to whom an Investment Lease has been granted pursuant to Clause 15.7;
15.1.3 the sale of less than 100% of the shares in a Group Company to whom an Investment Lease has been granted pursuant to Clause 15.7, where the relevant company remains an Investment Vehicle; and
15.1.4 the sale of less than 100% of the shares in a Group Company to whom an Investment Lease has been granted pursuant to Clause 15.7, where the Developer retains a minority holding, such that the relevant company is not an Investment Vehicle;
15.2 The Developer shall be permitted to make a Disposal of any Plot (in whole or part) which comprises (either alone or in aggregate) up to 30 per cent of the total Site area (such Site measurement to exclude (a) the Plot allocated to the potential MUSCO Services facility or its alternative and (b) the area allocated towards a park or its alternative) PROVIDED ALWAYS that:
15.2.1 any such Disposals provide that the Buyer is contractually obliged to ensure that the first comprehensive development by the Buyer of such land (if carried out) is consistent with the Masterplan as at the date of the Disposal and does not prevent the Development Requirements from being met; and
15.2.2 the land area to be disposed of (either alone or in aggregate) pursuant to this Clause 15.2 shall not comprise an area more than 50% of the total land area of the relevant Phase (such Phase measurement for Heygate Phase to exclude (a) the Plot allocated to the potential MUSCO Services facility or its alternative and (b) the area allocated towards a park or its alternative).
15.3 Save where a Disposal is made in accordance with Clause 15.2, the Developer shall be permitted to make a Disposal of any Plot (in whole or part) on the following terms:
15.3.1 save for any Buyer set out in Clause 15.6,
15.3.2 the Developer shall ensure that the agreement for the Disposal shall require that if the Buyer commences the first comprehensive development on the land disposed of, then:
(i) the Buyer shall covenant to the Developer such first comprehensive development shall be in compliance with the terms of Clauses 40, 41.2, 42 and Schedule 2 (and in respect of any R...
Land Sales. Mission Bay Santa Fe Depot Gross land sales revenue Deposits applied toward closings Deposits received from buyers Closing costs Additional Closing Costs Net land sales revenue Infrastructure intrerest carry Mission Bay interim land NOI Mission Bay NOC bond proceeds & reimbursements Mission Bay SOC bond proceeds & reimbursements Total sources of funds Mission Bay NOC Mission Bay SOC (including CFD pymts) SF Depot Property taxes Earnout Management fees Mission Bay CFD and G&A reimbursement Land Holding Costs/Lease Buyout Costs Xxxxx Land Revenues Back Out: ARE Earn-Out Net Land Sales for Release Payments Other MB Revenues for Release Payments Total For Release Release Available Release % before & after Westbluffs
Land Sales. Mission Bay Santa Fe Depot Gross land sales revenue Deposits applied toward closings Deposits received from buyers Closing costs Additional Closing Costs Net land sales revenue Infrastructure intrerest carry Mission Bay interim land NOI Mission Bay NOC bond proceeds & reimbursements Mission Bay SOC bond proceeds & reimbursements Mission Bay NOC Mission Bay SOC (including CFD pymts) SF Depot Property taxes Earnout Management fees Mission Bay CFD and G&A reimbursement Land Holding Costs/Lease Buyout Costs Xxxxx Land Revenues Back Out: ARE Earn-Out Net Land Sales for Release Payments Other MB Revenues for Release Payments Total For Release Release Available Release % before & after Westbluffs Mission Bay Santa Fe Depot Gross land sales revenue Deposits applied toward closings Deposits received from buyers Closing costs Additional Closing Costs Net land sales revenue Infrastructure intrerest carry Mission Bay interim land NOI Mission Bay NOC bond proceeds & reimbursements Mission Bay SOC bond proceeds & reimbursements Mission Bay NOC Mission Bay SOC (including CFD pymts) SF Depot Property taxes Earnout Management fees Mission Bay CFD and G&A reimbursement Land Holding Costs/Lease Buyout Costs Xxxxx Land Revenues Back Out: ARE Earn-Out Net Land Sales for Release Payments Other MB Revenues for Release Payments Total For Release Release Available Release % before & after Westbluffs Mission Bay Santa Fe Depot Gross land sales revenue Deposits applied toward closings Deposits received from buyers Closing costs Additional Closing Costs Net land sales revenue Infrastructure intrerest carry Mission Bay interim land NOI Mission Bay NOC bond proceeds & reimbursements Mission Bay SOC bond proceeds & reimbursements Mission Bay NOC Mission Bay SOC (including CFD pymts) SF Depot Property taxes Earnout Management fees Mission Bay CFD and G&A reimbursement Land Holding Costs/Lease Buyout Costs Xxxxx Land Revenues Back Out: ARE Earn-Out Net Land Sales for Release Payments Other MB Revenues for Release Payments Total For Release Release Available Release % before & after Westbluffs
Land Sales. (whether or not improved): Commissions are due at the time of sale on the condition of closing, and such disbursement shall be made through the title company.
Land Sales. All proposed HLB land sales occur by a competitive bid process as described in AMC § 25.40.025D for at least the appraised fair market value of the land. An application to purchase HLB land grants the applicant no right of preference or other priority.
Land Sales. Key features: Contractual engagement with Development Partner Building Contractor The Council Buyer / Developer Development Agreement Contractual engagement with Development Partner Key features: Contractual engagement with Development Partner Contractual Joint Venture Investor JV agreement Contractual The Council Procurement of development and services Land Land Land Land Contractual Joint Venture Corporate JV JV agreement Shareholders’ Agreement or Partnership Agreement Public Sector Participant A Private Sector Participant B Corporate JV Key features: Regulatory Regime: Companies/LLPs JV Company structures Pros: JV Company structures Cons: Summary: The Key Differences Case Study How would you consider carrying
Land Sales. As of the Closing Date, the Land Sale Contracts are in full force and effect (although subject to the conditions precedent set forth therein) and, to the best knowledge of Borrower, there is no material impediment to the consummation of the transactions contemplated to occur thereunder.
Land Sales. Throughout the pursuit of the common goal of achieving approval, the option holder has been on the same side as the landowner trying to obtain consent to residential or other forms of use. However, once this is achieved the builder and the landowner start to pull in opposite directions. The landowner wants to sell at the highest possible price but can only sell to one party. The builder with whom he has agreed an option aims to buy at the lowest possible price. Eventually they may agree somewhere in the middle, or the whole matter could go to arbitration. This is costly and causes uncertainty. Invariably the landowner will not realise the full land value as the land sale is not tested in the open market. With the Bowbridge Land approach, once planning permission has been obtained we remain true partners with the landowner. We share a common interest in that we both wish to see the site sold for the highest possible figure. Our approach is particularly attractive to landowners who are obliged (as trustees or charities) to ensure assets are not undersold.
Land Sales. Rubicon Realty is a part of the small pool of brokers specializing in commercial land sales, both improved and unimproved. Our clients benefit from our knowledge of the land development process and all the moving parts it involves.
