Modification of Purchase Agreement Sample Clauses

Modification of Purchase Agreement. The Company and Assignor hereby amend the Purchase Agreement as follows:
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Modification of Purchase Agreement. Seller and Buyer hereby agree to amend the Purchase Agreement as follows: (a) SECTION 10.01(c)(i) of the Purchase Agreement is amended by deleting the date "December 1, 2000" and inserting in its place the date "December 8, 2006."
Sample 1
Modification of Purchase Agreement. The Purchase Agreement is hereby amended and modified as follows: 2.1. Seller and Buyer hereby agree to close the purchase and sale of the Sale Parcels as of the date hereof (and prior to the resolution of the Dispute and/or the closing of the sale of the Bonaventure Parcel); PROVIDED THAT, the Sale Parcels Closing shall not in any event modify or affect either the Seller's or the Buyer's rights and/or obligations with respect to the Bonaventure Parcel. Subject to the terms, provisions and limitations set forth in SECTION 2.2 below, each of Seller and Buyer hereby reserves its rights and remedies arising under the Purchase Agreement against the other party, including, without limitation, with respect to the Bonaventure Parcel (including, with respect to Seller, Seller's right to enforce Buyer's obligation to purchase the Bonaventure Parcel in accordance with the terms and provisions of the Purchase Agreement in the event that the Court and/or Master-in-Equity (as such terms are defined in SECTION 2.2(A) below) determine(s) that the Buyer did not have the right to terminate its obligation to purchase such Bonaventure Parcel and, with respect to Buyer, Buyer's right to terminate its obligation to purchase the Bonaventure Parcel in the event that the Court and/or Master-in-Equity determine(s) that Buyer did have the right to terminate its obligation to purchase the Bonaventure Parcel). In furtherance and not in limitation of the foregoing, Seller and Buyer agree that (i) this Agreement shall not in any respect be deemed to modify or affect the terms and provisions of Section 4.10(f) or either party's ability to pursue claims in respect thereof, and (ii) notwithstanding the provisions of Section 4.10(d)(i) of the Purchase Agreement, the Buyer and its Affiliates shall not be deemed, in any respect, to release, as of the date of the Sale Parcels Closing, the Seller Released Parties for costs, losses, liabilities, damages, expenses, actions, or causes of action arising from or relating to the Bonaventure Parcel (it being acknowledged and agreed by Seller and Buyer, however, that such releases pertaining to the Bonaventure Parcel shall become effective upon the closing of the sale of the Bonaventure Parcel to Buyer or a third-party, as provided in Section 4.10(d)). All references in the Purchase Agreement to the "Closing" shall mean, with respect to the Sale Parcels, the Sale Parcels Closing, and with respect to the Bonaventure Parcel, the closing of the sale of t...
Sample 1
Modification of Purchase Agreement. Except as modified above, the terms and conditions of the Purchase Agreement shall remain unmodified and in full force and effect. In the event of any conflict or inconsistency between the terms of this First Amendment and the terms of the Purchase Agreement, the terms of this First Amendment shall control.
Sample 1
Modification of Purchase Agreement. The Purchase Agreement is ---------------------------------- hereby modified as follows: a. On the 9th line of Paragraph 1, the words "in immediately available funds" shall be deleted and the words "in accordance with Paragraph 3 below" substituted in their place. b. On the fifth line of Paragraph 3, the words "in immediately available funds" shall be deleted and the following substituted in its place: "by paying at least $1,760,000 in immediately available funds and executing a promissory note in the amount of $2,988,001.65 and a promissory note in the amount of $261,518.90 for the balance for the purchase price, which promissory notes (together, "Purchase Notes") shall be in substantially the form of Exhibit B attached --------- hereto and hereby made a part hereof. The Purchase Notes shall be secured by a collateral assignment of Notes, Mortgages and Loan Documents executed by Buyer in favor of Seller, which collateral assignment shall be in substantially the form attached hereto as Exhibit C attached hereto and hereby made a part hereof. Buyer and --------- Seller agree to execute such other documents and instruments as Seller may reasonably deem to be necessary or desirable to carry out the intent of this Purchase Agreement, including without limitation the execution of UCC-3 assignments in connection with the conveyance of the Loan Documents contemplated hereby and UCC-1 Financing Statements executed in connection with the collateral assignment described above." c. The following shall be added as Paragraph 28: "Covenant of the Borrowers. Notwithstanding anything herein -------------------------- to the contrary, until the Purchase Notes have been repaid in full, the Borrowers agree that any and all payments made under the Notes, the Mortgages and the Loan Documents on or after the date hereof, shall be made directly to Seller. This obligation shall survive the closing of the transactions contemplated by this Purchase Agreement."
Sample 1
Modification of Purchase Agreement. (a) The Property Information Schedule is hereby modified by deleting $18,192,133 as the Initial Estimated Purchase Price for Xxxx Xxx Xxxxxx (XXX # 000000; located at 000 Xxxx 0 0/0 Xxxxxx, Xxxxxxx-Xxxxx, Xxxxx Xxxxxxxx) and replacing it with the following: $18,282,109. (b) Section 18(f) of the Purchase Agreement is hereby modified by deleting the fourth sentence only therefrom and replacing it with the following: “If Seller, for any reason whatsoever, is unable to obtain either (i) a Letter of Non-Applicability for any Property located in the State of New Jersey or (ii) provide Purchaser with reasonable evidence that the NJDEP will not process the application for a Letter of Non-Applicability because the conveyance of the Property to Purchaser is not within the scope of ISRA, Seller shall, on or before Seller’s Election Date, terminate this Agreement as to such Property, whereupon such Property shall constitute a “Removed Property”.”
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Modification of Purchase Agreement 
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Related to Modification of Purchase Agreement

  • Execution of Purchase Agreement The successful bidder has earned the right to make an offer to the Seller; no sale has been completed. The bidder will be required to execute an Irrevocable Real Estate Purchase Agreement immediately following the close of the auction and provide the required Xxxxxxx Money within 24 hours to the Seller in a check payable to Ness Bros. Xxxxx’s offer expires 11:59 P.M. (local time) 7 days after the online auction date, unless Seller timely accepts it; the Xxxxxxx Money will be returned if Seller does not accept the successful bid as a primary or secondary offer, subject to any required approvals. --- TAXES: The real estate taxes shall be prorated. Seller shall pay real estate taxes which are payable during the year in which Closing occurs, and taxes payable during the succeeding year, prorated to the date of Closing. Buyer shall assume and pay all subsequent taxes. If at the time of Closing the tax bill for the Real Estate for the succeeding year has not been issued, taxes payable shall be computed based on the last tax bill available to the closing agent. The succeeding year’s tax bill, because of recently constructed improvements, annexation, reassessment, or similar items may greatly exceed the last tax bill available to the closing agent. --- POSSESSION: The possession of the Property shall be Upon Closing of Property, subject to tenant’s rights, by 5:00 P.M.

  • Terms of the Purchase Agreement The terms of the Purchase Agreement, including, but not limited to, the representations, warranties, covenants, agreements and indemnities relating to the Assigned Contracts are incorporated herein by this reference. The parties hereto acknowledge and agree that the representations, warranties, covenants, agreements and indemnities contained in the Purchase Agreement shall not be superseded hereby but shall remain in full force and effect to the full extent provided therein. In the event of any conflict or inconsistency between the terms of the Purchase Agreement and the terms hereof, the terms of the Purchase Agreement shall govern.

  • Note Purchase Agreement The conditions precedent to the obligations of the Applicable Pass Through Trustees and the other requirements relating to the Aircraft and the Equipment Notes set forth in the Note Purchase Agreement shall have been satisfied.

  • The Purchase Agreement This Agreement has been duly authorized, executed and delivered by the Company and the Guarantors.

  • Amendments to the Purchase Agreement (a) Section 1.6 of the Purchase Agreement is hereby amended and restated in its entirety as follows:

  • Amendments to Note Purchase Agreement Subject to the satisfaction of the conditions precedent set forth herein and in reliance on the representations, warranties and covenants of the Companies set forth herein and in the Note Purchase Agreement, each party hereto hereby agrees that the Note Purchase Agreement be and hereby is, amended as follows:

  • Amendment to Purchase Agreement Section 1.3 of the Purchase Agreement is hereby amended and restated in its entirety to read as follows:

  • Stock Purchase Agreement (a) Purchaser understands and agrees that the conversion of the Note into equity securities of the Company may require such Purchaser’s execution of certain agreements (in form reasonably agreeable to a majority in interest of the Purchasers) relating to the purchase and sale of such securities as well as registration, information and voting rights, if any, relating to such equity securities. (b) Purchaser agrees to be bound by the agreements described in Section 2(a).

  • of the Purchase Agreement Section 2.5 of the Purchase Agreement is hereby amended and restated in its entirety to read as follows:

  • Amendments to Purchase Agreement The parties agree that the Purchase Agreement shall be amended, solely with respect to the Mortgage Loans, as follows:

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