OBLIGATIONS OF THE VILLAGE Sample Clauses

OBLIGATIONS OF THE VILLAGE. Grantor hereby acknowledges that ownership of, control of, and title to the Traffic Signal and Traffic Facilities, together with the right to remove the same, is vested solely in the Village, free and clear of all encumbrances or claims including claims for payment by Grantor, its grantees, successors or assigns. The Easement herein granted shall be non-exclusive and Grantor agrees not to build, construct or erect any buildings or other structures on or within the Easement Parcel. Grantor reserves the right to use the Developer Property for all purposes that do not unreasonably interfere with the operation and enjoyment of the Easement herein granted. The cost of the construction, installation, maintenance, repair and replacement of the Traffic Signal and Traffic Facilities, including without limitation all costs and expenses of approvals and permits necessary from all federal, state and local governmental departments and agencies, and all plans and specifications for the Traffic Facilities shall be paid by the Village. The construction of the Traffic Signal and Traffic Facilities shall be performed in compliance with all applicable federal, state and local ordinances, statutes, rules and regulations. In addition, all such work shall be performed so as to cause the least interference possible (i) with
Sample 1
AutoNDA by SimpleDocs
OBLIGATIONS OF THE VILLAGE. 3.1 Upon receipt of the documentation from the Developer as required by Article 2 above, the Village agrees to convey the Subject Property to the Developer for a purchase price of $200,000 (the “Purchase Price”) in accordance with the terms set forth on the Letter of Intent for Sale – Commercial Real Estate dated January 31, 2024 attached hereto as Exhibit A (“Letter of Intent”) and those terms and conditions hereinafter set forth upon notice from the Developer of the termination of the Due Diligence Period as set forth in the Letter of Intent. 3.2 At the sole cost of the Developer, the Village shall deliver to the Developer at closing a title insurance policy in the amount of the Purchase Price insuring title to the Developer subject to all current leases and covenants and conditions of record. The Village shall not be responsible for the cost of any survey, environmental investigations or closing costs on the transfer of the Subject Property. Conveyance of the Subject Property to the Developer shall be by recordable warranty deed, subject to all current leases and the covenants and conditions of record and shall occur: (a) upon written confirmation from the Developer that rents for existing tenants shall not increase by more than ten percent (10%) through June, 2025; and (b) payment in full of the purchase price. 3.3 The Developer shall submit all paid invoices, receipts and such other documentation for costs incurred by the Developer after completion of each phase of the Project.
Sample 1
OBLIGATIONS OF THE VILLAGE. The obligations of the Village under this Agreement are as follows: 3.1 The Water Service Facilities shall be restricted to the project outlined in this Agreement and the Loop IGA. Any additional water delivery facilities, or connections for properties shall be governed under a separate Water Services Agreement. The Water Service Facilities project is confined to a Betterment of Service Project governed by Wisconsin Public Service Commission (PSC) regulations. 3.2 For any costs for which the Village will be seeking reimbursement from the Utility, prior to authorizing the contracts for the engineering, construction work and project management, the Village shall provide copies of the contracts to the Utility for staff approval. The Village shall complete due diligence to ensure the project is cost effective and shall follow a procurement policy substantially similar to that of the Utility. Where the Village seeks to utilize engineering, construction work and project management services without prior authorization of Utility staff, such costs will not be reimbursable by the Utility. 3.3 The Village shall provide the engineering, construction work and project management for the Water Service Facilities, so as to result in the construction of a fully operational system of water delivery facilities consistent with current standard industry specifications, practices and design, and which meets regulatory requirements of the Wisconsin Department of Natural Resources, and which meets the approval of the Utility. 3.4 The Village shall transfer title and convey the Water Services Facilities to The Utility as set forth below, subject to any required governmental and regulatory approvals, on the Transfer Date as defined below. 3.4.1 The Transfer Date shall be a date specified by the Utility on which that it has accepted the completed work and the then-current physical and legal status of the Water Services Facilities, and on which the Utility shall assume responsibility as owner for the operation of the Water Services Facilities. 3.5 It shall be the responsibility of the Village to provide the Utility with any easements necessary for the construction, permanent location, and use, maintenance, repair, enlargement and replacement of a connection between the Utility’s water main and the Water Service Facilities, whether it shall be necessary for the Village to obtain such easements across private property, all without cost to the Utility, and to that end shall cooperate w...
Sample 1
OBLIGATIONS OF THE VILLAGE. A. The VILLAGE shall provide living accommodations to the RESIDENT for the life of the RESIDENT subject to existing local, state, and federal licensing laws, and also subject to the terms and conditions of this Agreement. The VILLAGE is not obligated to provide housing and/or services beyond those included in this Agreement. However; the parties acknowledge that it may be in the best interest of Village to remove the Unit from its inventory of available residences, due to circumstances that are currently unforeseen, which may include, but not be limited to, converting the Unit to a sales model, destruction of the Unit to allow for expansion of Riverview, transfer of property where the Unit is located to a third party in return for other property that is important to Riverview’s overall development and so forth. In order to accommodate the possibility, Village and Resident agree that in the event that Village determines that it is in its best interests to remove the Unit from its inventory, Resident will agree to vacate the Unit and proceed under one of the following options, if requested. In the event that Village determines that it is in its best interest to remove the Unit from its Inventory of available residences, Village shall provide Resident with no less than one hundred and sixty (160) days written Notice of its intent to remove the Unit and the need for Resident to elect one of the following options. Upon receipt of said Notice, Resident shall have sixty (60) days thereafter to advise Riverview of the option it has elected and will be required to vacate the Unit by the time frame set forth in the Notice:
Sample 1
OBLIGATIONS OF THE VILLAGE a. The use of a laptop computer to conduct official village business; the laptop will remain property of the Village. b. It is understood that all records, forms, and supporting data shall be property of the Village. c. Mileage reimbursement at the IRS standard rate to a limit of 2,000 miles. Mileage reimbursement up to 2,000 miles will be approved by the Village Manager and reported to the DDA Board of Directors. Reimbursement in excess of $2,000.00 will require DDA Board of Directors Approval. d. Provide a telephone allowance of $50.00 per month. e. A budget line item not to exceed $1200.00 for business expenses, subject to the oversight of the DDA Board of Directors and/or the Village Manager. f. A budget line item not to exceed $500.00 for professional development and conference opportunities, subject to the oversight of the DDA Board of Directors
Sample 1
OBLIGATIONS OF THE VILLAGE. Section 3.01
Sample 1
OBLIGATIONS OF THE VILLAGE. 1. The Village will operate and maintain the wastewater utility collection system (the sewer system under Xxxxxxxx Road) and will provide continuous service for wastewater collection at all times, except in case of emergency or if a brief interruption of service is necessary to accommodate maintenance or repairs. If such a service interruption should become necessary, the Village will provide advance notice to the maximum extent possible. 2. The Village will be entirely responsible for delivery of wastewater to the Albuquerque Bernalillo County Water Utility Authority for treatment and disposal. 3. The Village will invoice Customer monthly for wastewater utility service, at the current rates established by resolution or ordinance of the Village’s governing body.
Sample 1
AutoNDA by SimpleDocs
OBLIGATIONS OF THE VILLAGE. Upon execution of this Agreement, the Village, acting through its Board of Trustees in a meeting duly called and at which a quorum was present throughout, has approved the terms of this Agreement to be adopted as the Community Benefits Policies For Zoning. The Village is not obligated to adopt the Final CBA Implementation Plan as the Community Benefits Policies For Zoning, although the Coalition and Developer agree to jointly advocate for the Village to do so in accordance with Article 3 hereof.
Sample 1
OBLIGATIONS OF THE VILLAGE 
Sample 1

Related to OBLIGATIONS OF THE VILLAGE

  • CONDITIONS OF THE OBLIGATIONS OF THE COMPANY The obligations of the Company to sell and deliver the portion of the Shares required to be delivered as and when specified in this Agreement are subject to the conditions that at the Closing Date or the Option Closing Date, as the case may be, no stop order suspending the effectiveness of the Registration Statement shall have been issued and in effect or proceedings therefor initiated or threatened.

  • Obligations of the Trust This Agreement is executed by and on behalf of the Trust and the obligations of the Trust hereunder are not binding upon any of the trustees, officers or shareholders of the Trust individually but are binding only upon the Trust and with respect to the Funds to which such obligations pertain.

  • Obligations of the Company Whenever required under this Section 2 to effect the registration of any Registrable Securities, the Company shall, as expeditiously as reasonably possible: (a) prepare and file with the SEC a registration statement with respect to such Registrable Securities and use its commercially reasonable efforts to cause such registration statement to become effective and, upon the request of the Holders of a majority of the Registrable Securities registered thereunder, keep such registration statement effective for a period of up to one hundred twenty (120) days or, if earlier, until the distribution contemplated in the registration statement has been completed; provided, however, that (i) such one hundred twenty (120) day period shall be extended for a period of time equal to the period the Holder refrains, at the request of an underwriter of Common Stock (or other securities) of the Company, from selling any securities included in such registration, and (ii) in the case of any registration of Registrable Securities on Form S-3 that are intended to be offered on a continuous or delayed basis, subject to compliance with applicable SEC rules, such one hundred twenty (120) day period shall be extended for up to sixty (60) days, if necessary, to keep the registration statement effective until all such Registrable Securities are sold; (b) prepare and file with the SEC such amendments and supplements to such registration statement, and the prospectus used in connection with such registration statement, as may be necessary to comply with the Securities Act in order to enable the disposition of all securities covered by such registration statement; (c) furnish to the selling Holders such numbers of copies of a prospectus, including a preliminary prospectus, as required by the Securities Act, and such other documents as the Holders may reasonably request in order to facilitate their disposition of their Registrable Securities; (d) use its commercially reasonable efforts to register and qualify the securities covered by such registration statement under such other securities or blue-sky laws of such jurisdictions as shall be reasonably requested by the selling Holders; provided that the Company shall not be required to qualify to do business or to file a general consent to service of process in any such states or jurisdictions, unless the Company is already subject to service in such jurisdiction and except as may be required by the Securities Act; (e) in the event of any underwritten public offering, enter into and perform its obligations under an underwriting agreement, in usual and customary form, with the underwriter(s) of such offering; (f) use its commercially reasonable efforts to cause all such Registrable Securities covered by such registration statement to be listed on a national securities exchange or trading system and each securities exchange and trading system (if any) on which similar securities issued by the Company are then listed; (g) provide a transfer agent and registrar for all Registrable Securities registered pursuant to this Agreement and provide a CUSIP number for all such Registrable Securities, in each case not later than the effective date of such registration; (h) promptly make available for inspection by the selling Holders, any managing underwriter(s) participating in any disposition pursuant to such registration statement, and any attorney or accountant or other agent retained by any such underwriter or selected by the selling Holders, all financial and other records, pertinent corporate documents, and properties of the Company, and cause the Company’s officers, directors, employees, and independent accountants to supply all information reasonably requested by any such seller, underwriter, attorney, accountant, or agent, in each case, as necessary or advisable to verify the accuracy of the information in such registration statement and to conduct appropriate due diligence in connection therewith; (i) notify each selling Holder, promptly after the Company receives notice thereof, of the time when such registration statement has been declared effective or a supplement to any prospectus forming a part of such registration statement has been filed; and (j) after such registration statement becomes effective, notify each selling Holder of any request by the SEC that the Company amend or supplement such registration statement or prospectus. In addition, the Company shall ensure that, at all times after any registration statement covering a public offering of securities of the Company under the Securities Act shall have become effective, its xxxxxxx xxxxxxx policy shall provide that the Company’s directors may implement a trading program under Rule 10b5-1 of the Exchange Act.

  • OBLIGATIONS OF THE BUYER a. The Buyer has furnished to the Company in Exhibit B hereto such information regarding itself, the Registrable Securities held by it and the intended method of disposition of the Registrable Securities held by it as required to effect the registration of such Registrable Securities and shall execute such documents in connection with such registration as the Company may reasonably request. The Company shall notify the Buyer in writing of any other information the Company reasonably requires from the Buyer in connection with any Registration Statement hereunder. The Buyer will as promptly as practicable notify the Company of any material change in the information set forth in Exhibit B, other than changes in its ownership of the Common Stock. b. The Buyer agrees to cooperate with the Company as reasonably requested by the Company in connection with the preparation and filing of any amendments and supplements to any Registration Statement hereunder. c. The Buyer agrees that, upon receipt of any notice from the Company of the happening of any event or existence of facts of the kind described in Section 3(f) or any notice of the kind described in the first sentence of Section 3(e), the Buyer will immediately discontinue disposition of Registrable Securities pursuant to any registration statement(s) covering such Registrable Securities until the Buyer’s receipt (which may be accomplished through electronic delivery) of the copies of the filed supplemented or amended registration statement and/or prospectus contemplated by Section 3(f) or the first sentence of Section 3(e). In addition, upon receipt of any notice from the Company of the kind described in the first sentence of Section 3(e), the Buyer will immediately discontinue purchases or sales of any securities of the Company unless such purchases or sales are in compliance with applicable U.S. securities laws. Notwithstanding anything to the contrary, the Company shall cause its Transfer Agent to deliver as promptly as practicable shares of Common Stock without any restrictive legend in accordance with the terms of the Purchase Agreement in connection with any sale of Registrable Securities with respect to which the Buyer has received a Purchase Notice or VWAP Purchase Notice (both as defined in the Purchase Agreement) prior to the Buyer’s receipt of a notice from the Company of the happening of any event of the kind described in Section 3(f) or the first sentence of Section 3(e) and for which the Buyer has not yet settled.

  • Conditions of the Obligations of the Underwriters The obligations of the several Underwriters to purchase and pay for the Firm Securities on the First Closing Date and the Optional Securities to be purchased on each Optional Closing Date will be subject to the accuracy of the representations and warranties of the Company herein (as though made on such Closing Date), to the accuracy of the statements of Company officers made pursuant to the provisions hereof, to the performance by the Company of its obligations hereunder and to the following additional conditions precedent:

  • OBLIGATIONS OF THE LESSEE The Lessee shall keep the premises in a clean, sanitary, neat and presentable condition. The Lessee shall be responsible for the repairs, outside of ordinary wear and tear, of any part of the Premises that do not affect the structural parts of the building or structure in which it is located or those that are generally considered as minor repair (“Minor Repairs”) including but not limited to replacing light bulbs, cleaning or repairs of windows, doors, toilets and similar appurtenances. The Lessee shall, at its sole expense restore, repair and/or rectify any damage, outside of ordinary wear and tear, to the Premises caused by the Lessee or others that the lessee permits into the Premises that are not covered or compensable by any insurance.

  • Obligations of the City A. The City agrees to give the Contractor access to the Project area and other City- owned properties as required to perform the necessary Services under this Agreement. B. The City shall notify the Contractor of any defects in the Services of which the Contract Administrator has actual notice.

  • Obligations of the Seller The obligations of the Seller under this Agreement will not be affected by reason of any invalidity, illegality or irregularity of the 2024-B Exchange Note or any 2024-B Lease or 2024-B Vehicle allocated to the 2024-B Reference Pool.

  • Conditions of the Obligations of the Underwriter The obligations of the Underwriter hereunder shall be subject to the accuracy of the representations and warranties on the part of the Company set forth in Section 2 hereof, in each case as of the date hereof and as of each Closing Date as though then made, to the timely performance by each of the Company of its covenants and other obligations hereunder on and as of such dates, and to each of the following additional conditions:

  • Obligations of the Parties Clause 8

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!