P ossession Sample Clauses

P ossession. Seller shall deliver possession of the Property to Buyer at the Closing Date subject to Seller's rights under the Crop Lease.
Sample 1
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P ossession. (a) The Allottee/ Purchaser shall take possession of the said Apartment within 7 (seven) days of the Promoter giving written intimation to the Allottee/ Purchaser intimating completion of the construction of the said Apartment.
Sample 1
P ossession. Take possession of the Property and perform any and all work and labor necessary to complete the Improvements substantially in accordance with the Plans and Specifications in which event expenditures therefor shall be deemed an additional loan to Borrower, payable on demand, bearing interest at the Default Interest rate and secured by the Trust Deed and other Security Agreements.
Sample 1
P ossession. Xxxxxx agrees to surrender possession of the Property on or before the Closing Date (as defined in Paragraph 7 below). If 47 possession is not delivered on or prior to the Closing Date, then, Seller shall pay to Buyer at Closing $ pe r day ("Use/Occup a ncy 48 P ayments ") for Seller’s use and occu pancy of the Property for each day after the Closing Date through and including the date Seller pla ns to deliver 49 possession to Buyer ("Possession D a te "). If Xxxxxx delivers possession of the Property to Buyer prior to the Possession Date, Buyer shall refund the 50 portion of Use/Occu pancy Payments which extend beyond the date possession is actually surrendered. Additionally, Seller shall deposit with 51 Escrowee a sum equal to 2% of the Purchase Price (" Possession Escrow ") to guarantee possession on or befor e the Possession Date, which sum shall 52 be held from the net proceeds at Closing on Xxxxxxxx’s for m of receipt. If Xxxxxx does not surrender the Property on the Posse ssion Date, Seller shall 53 pay to Buyer, in addition to all Use/Occupancy Payments, the sum of 10% of the original amount of the Possession Escrow per day up to and 54 including the day possession is surrendered to Buyer plus any unpaid Use/Occupancy Payments up to and including the date posses sion is 55 surrendered, these amounts to be paid out of the Possession Escrow and the balance, if any, to be returned to Seller. Acceptan ce of payments by 56 Buyer shall not limit Buyer’s other legal remedies. Seller and Buyer hereby acknowledge that Escrowee shall not distribute the Possession Escrow 57 without the joint written direction of Seller and Xxxxx. If either Party objects to disposition of the Possession Escrow, then Escrowee may deposit the 58 Possession Escrow with the Clerk of the Circuit Court by the filing of an action in the nature of an Interpleader. Escrowee sh all be reimbursed from 59 the Possession Escrow for all costs, including reasonable attorneys’ fees, related to the filing of the Interpleader, and the P arties shall indemnify and 60 hold Escrowee harmless from any and all claims and de mands, including the payment of reason able attorneys’ fees, costs, and exp enses.
Sample 1
P ossession. Seller agrees to deliver possession of the subject property to the Buyer no later than the date of closing.
Sample 1

Related to P ossession

  • 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 .

  • DEEMED POSSESSION It is understood by the Allottee that even if the Allottee fails to take possession of the Apartment within the date such possession is offered by the Promoter, the Allottee shall be deemed to have taken possession on the 15 days from the date of such notice which date, for all purposes and irrespective of the actual date when the Allottee takes physical possession of the Apartment, will be deemed to be the possession date (“Possession Date”). On and from the Possession Date:

  • POSSESSION OF THE PLOT 7.1 Schedule for possession of the said Plot - The Promoter agrees and understands that timely delivery of possession of the Plot to the allottee’s and the common areas to the association of allottee’s or the competent authority, as the case may be, is the essence of the Agreement. The Promoter assures to hand over possession of the Plot along with ready and complete common areas with all specifications, amenities and facilities of the project in place on (Date) unless there is delay or failure due to war, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project (“Force Majeure”). If, however, the completion of the Project is delayed due to the Force Majeure conditions then the Allottee’s agrees that the Promoter shall be entitled to the extension of time for delivery of possession of the Plot, provided that such Force Majeure conditions are not of a nature, which make it impossible for the contract to be implemented. The Allottee’s agrees and confirms that, in the event it becomes impossible for the Promoter to implement the project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee’s the entire amount received by the Promoter from the allotment within 45 days from that date. The promoter shall intimate the allottee’s about such termination at least thirty days prior to such termination. After refund of the money paid by the Allottee’s, the Allottee’s agrees that he/ she shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement.

  • Peaceful Possession The Authority hereby warrants that:

  • 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.

  • Repossession As of the Cut-off Date, according to the records of NMAC, the Financed Vehicle related to such Receivable has not been repossessed and the possession thereof not reinstated. Review Materials Servicing System Records/Data File Tests

  • 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 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.

  • 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 AND RISK 12.1 Possession of the Property shall only be given by the Seller and taken by the Purchaser on registration of transfer, provided that clauses 4.2 and 4.2 above have been complied with, from which date all risks and benefits of ownership in respect of the Property shall pass to the Purchaser.

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