Legal Possession Sample Clauses

Legal Possession. Legal possession of the Property shall be delivered to Buyer at closing. Physical occupancy is subject to the rights of tenants in possession, if any.
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Legal Possession. Legal possession of the Development Site shall be delivered to Purchaser on Date of Closing.
Legal Possession. 13.1 Upon the Purchaser paying the full Purchase Consideration in accordance with the terms of payment provided for in the Second Schedule and all other outstanding sums as may be due and owing pursuant to this Agreement, the Vendor shall notify JPA and PTP that the ownership of the Properties have been transferred to the Purchaser and the Vendor shall co-ordinate the delivery of legal and vacant possession of Plot A and Plot B to the Purchaser and the Vendor and the Purchaser will execute the documents required by JPA and/or PTP for the handing over of legal and vacant possession, rights, benefits and obligations to the Purchaser. Thereafter whether or not the Purchaser has actually entered into possession or occupation of Plot A and Plot B, the Purchaser shall be deemed to have taken delivery of Plot A and Plot B. 13.2 Upon handing over of legal possession, rights, benefits and obligations, the Purchaser shall thereafter liaise directly with JPA and PTP with regard to the Purchaser’s rights and obligations in respect of the Properties and the administration, maintenance and operation of the Pelepas Free Zone and its facilities. 13.3 The Purchaser shall at all times indemnify the Vendor against all and any action, proceedings, cost, expense, claims and demands in respect of any act matter or thing done or omitted to be done by the Purchaser after taking possession of Plot A and Plot B and thereby resulting in the Vendor suffering damages:- (a) in contravention of any provisions of any Act, Ordinance, Enactment, Order, Rule, Regulation or Bye-Law now or hereafter affecting the Properties and the facilities and services offered in the Pelepas Free Zone; (b) in breach of any of the terms, conditions, covenants and restrictions herein, or as set out in the Lease Annexures and/or the terms and conditions attached to the Approvals; or (c) failure to adhere to any instruction, approval and/or any orders from the Public Authorities. 13.4 The Vendor does not warrant the soil condition or other aspect of Plot A and/or Plot B, and shall not be liable to the Purchaser in any manner whatsoever for any slips, landslide, erosion or sinking of or other matter affecting Plot A and/or Plot B and the Purchaser shall at all times after delivery of vacant possession take all steps necessary to maintain Plot A and/or Plot B or any part thereof against any land slips or any sliding or erosion due to the Purchaser’s activities on the same or part thereof and shall be liable for ...

Related to Legal Possession

  • Peaceful Possession The Authority hereby warrants that: a) The Project Site has been acquired through the due process of law and belongs to and is vested with the Authority and that the Authority has full powers to hold, dispose of and deal with the same consistent, inter alia, with the provisions of this Agreement. b) In the event the Developer is obstructed by any Person claiming any right, title or interest in or over the Project Site or any part thereof, or in the event of any enforcement action including any attachment, distrait, appointment of receiver or liquidator being initiated by any Person claiming to have any interest in/charge or the Project Site or any part thereof, the Authority shall, if called upon by the Developer, defend such claims and proceedings and also keep the Developer indemnified against any consequential loss or damages which the Developer may suffer, on account of any such right, title, interest or charge.

  • Quiet Possession Upon Tenant paying the rent reserved hereunder and observing and performing all of the covenants, conditions and provisions on Tenant's part to be observed and performed hereunder, Tenant shall have quiet possession of the Premises for the entire term hereof, subject to all the provisions of this Lease.

  • Possession Tenant has examined the condition of the Premises and by taking possession acknowledges that they have accepted the Premises in good order and in its current condition except as herein otherwise stated. Failure of the Landlord to deliver possession of the Premises at the start of the Lease Term to the Tenant shall terminate this Agreement at the option of the Tenant. Furthermore, under such failure to deliver possession by the Landlord, and if the Tenant cancels this Agreement, the Security Deposit (if any) shall be returned to the Tenant along with any other pre-paid rent, fees, including if the Tenant paid a fee during the application process before the execution of this Agreement.

  • TERM; POSSESSION The Term of this Lease shall commence on the Commencement Date and shall end on the Expiration Date, unless extended or sooner terminated in accordance with this Lease. If Landlord is delayed in delivering possession of all or any portion of the Premises to Tenant as of the Commencement Date, Tenant will take possession on the date Landlord delivers possession, which date will then become the Commencement Date (and the Expiration Date will be extended so that the length of the Term remains unaffected by such delay). Subject to this Section 4, Landlord shall not be liable for any loss or damage to Tenant resulting from any delay in delivering possession due to the holdover of any existing tenant or other circumstances outside of Landlord’s reasonable control. In the event that the Tenant Improvements are not Substantially Completed within one hundred (100) days following the date that Landlord receives a building permit to commence the Tenant Improvements in the Premises (the “Delivery Date”), subject to Tenant Delay or force majeure (in the event of either, the Delivery Date shall be extended by one (1) day for each one (1) day of Tenant Delay or force majeure), Landlord shall credit Tenant against Minimum Annual Rent due under this Lease an amount equal to the holdover portion of Tenant’s existing rental obligations under Tenant’s existing Lease actually incurred by Tenant following the Delivery Date, which Tenant represents to Landlord is equal to $17,031.13 per month. Notwithstanding anything in this Lease to the contrary, if the Commencement Date has not occurred on or before one hundred ninety (190) days following the date that Landlord receives a building permit for the Tenant Improvements, for any reason other than Tenant Delay or force majeure, then Tenant shall have the right to terminate this Lease by written notice to Landlord, as Tenant’s sole and exclusive remedy with respect to such delay, except as provided above, subject to Tenant giving Landlord thirty (30) days’ advance written notice of its intention to terminate this Lease if Substantial Completion shall not occur within such thirty (30) day period, in which event all amounts prepaid or deposited by Tenant hereunder shall be promptly returned to Tenant.

  • NO VACANT POSSESSION 14.1 The Purchaser shall upon full payment of the Balance Purchase Price together with all interest on late payment (if any) be entitled at his own costs and expenses to take possessions of the Property. 14.2 The Bank shall not be under any obligation whatsoever to deliver vacant possession of the Property or to forward to the Purchaser or any party any keys to the Property. 14.3 The Property is sold subject to all existing easements, leases, tenancies, occupiers, charges, caveats, previous Sale and Purchase, previous assignment, covenants, liabilities subsisting thereon or thereover and the Purchaser shall be deemed to have full knowledge of the state and condition of the Property.

  • Possession and Control The Grantor has exclusive possession and control of its Equipment and Inventory.

  • Possession and Use Contractor may possess, use and reproduce Confidential Information solely for the Purpose. Contractor shall not use the Confidential Information for any other purpose.

  • Possession of the Property The Parties hereby agree that the exclusive possession of the Property shall be delivered by the Seller to the Buyer on

  • VACANT POSSESSION The Purchaser after the payment of the TPP shall at his own costs and expenses take possession of the Property without any obligation on the part of the Assignee/Bank to give vacant possession and the Purchaser is PROHIBITED from entering upon the Property or take possession of the Property prior to the settlement of the balance purchase price and/or late payment interest (if any).

  • POSSESSION OF PREMISES Tenant shall not be entitled to possession of the premises designated for lease until the security deposit and first month’s rent (or prorated portion thereof), less any applicable promotional discount, is paid in full and the premises designated for lease is vacated by the prior tenant.

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