Property Conveyance. The Property is to be conveyed with title insurance by standard title policies (as applicable), subject to current taxes, rights-of-way, assessments, easements and other conditions of record, and any exceptions written in the Preliminary Title Report or Commitment and other standard title exclusions found in the PIP.
Property Conveyance. Upon successful achievement of the Closing Contingencies as provided in this Agreement, Xxxxxx agrees to sell to Xxxxx and Xxxxx agrees to purchase from Seller the School Site. The School Site shall be conveyed from Seller to the Buyer by quitclaim deed in substantially the form attached hereto and incorporated herein by this reference as Exhibit “C”. The parties understand that the number of acres, configuration and/or final legal description of the School Site may change by mutual agreement prior to Closing. The Xxxxxx Property surrounding the School Site is sometimes referred to herein as the “Surrounding Xxxxxx Property.”
Property Conveyance. The City shall convey marketable title to the property for and in consideration of Habitat’s completion of new construction on the property, payment of sums set out in Section II.A(1) and agreement to sell the property on or before May 31, 2024, to a qualified homebuyer, as set forth hereafter.
Property Conveyance. If at the end of the Lease Term, DEVELOPER has timely performed its obligations concerning the structural and roof repairs such that DEVELOPER is entitled to a refund of its cash bond provided in accordance with Section 5.02.a.1, CITY shall convey the Property “as is” and “with all faults” to DEVELOPER by a deed without warranty. The deed without warranty shall contain a right of reversion for a four (4) year period should: DEVELOPER fail to obtain Certificate(s) of Occupancy for the Project within two (2) years of the issuance of the first building permit for the project DEVELOPER cease to operate the Project for a period of six months after the issuance of a certificate of occupancy, except as permitted in Section 6.03(g); and this Agreement be terminated due to an uncured breach by DEVELOPER. Additionally, such deed without warranty shall include the following disclaimers: Additionally, such deed without warranty shall include a restrictive covenant, which shall run with the land, prohibiting 000 X. Xxxxx Xxxxxx from being used as any type of nightclub. If at the end of the Lease Term, DEVELOPER has not timely performed its obligations concerning the structural and roof repairs, this Agreement shall expire and the parties shall be relieved of all further obligations hereunder.
Property Conveyance. When the conditions described in Section 5.1.2 have been satisfied, the Parties shall promptly schedule a date for the City to convey the Property to the PPMPDA on the terms set forth below.
Property Conveyance. Upon successful achievement of all of the contingencies as provided in this Agreement, City agrees to sell to Buyer and Buyer agrees to purchase from City the Property, in consideration of payment by Buyer to City of Sixty-Five Thousand and no/100 Dollars ($65,000.00). City shall sell and convey fee simple title by quitclaim deed of the Property to Buyer, subject to retention of permanent utility easements and easements of record, permitted exceptions as described herein, and the terms and conditions of this Agreement.
Property Conveyance. Consistent with Article 5, the City will convey title to the Property to the PPMPDA.
Property Conveyance. County Spec Building and Parcel 10. The County hereby agrees, pursuant to that certain Purchase and Sale Agreement by and between the County and Xxxxxxx Innovation Complex LLC to be dated of even date herewith or such other date as the parties thereto may agree (collectively, the “Purchase and Sale Agreement”), and subject to, and in accordance with, the terms and provisions set forth in the Purchase and Sale Agreement, to convey title to Parcel 10 together with the County Spec Building and other improvements located on Parcel 10 to Xxxxxxx Innovation Complex LLC. The County hereby acknowledges and agrees that, upon such conveyance of Parcel 10 together with County Spec Building and other real property improvements located on Parcel 10, such land shall automatically comprise a portion of the Site, and such land and real property improvements shall automatically comprise a portion of the Project, both without further action, consent, or approval of the County.
(a) Should either or both of the Phase 3 Contractual Minimum Requirements not be satisfied by the end of the Phase 3 Contractual Minimum Requirements Compliance Period, upon written notice by the County that such requirements have not been satisfied, the Company shall pay, or cause to be paid to, the County (i) for the conveyance of the land comprising Parcel 10 ([16.7] acres) at the value of $60,000 per acre, and
Property Conveyance. As consideration for GCIH1's performance of its obligations under this Agreement, the City shall convey the Property “as is” and “with all faults” to GCIH1 by a special warranty deed within thirty (30) days after receipt of the cashier’s check required from GCIH1 pursuant to Section 4.02.a. Such special warranty deed shall include the following disclaimers:
Property Conveyance. At Seller’s option, most Properties (but not all) are conveyed with insurable title via a special warranty deed, with title insurance by standard title policies (as applicable), subject to current taxes, rights-of-way, assessments, easements and other conditions of record, and any exceptions written in the preliminary title report or commitment as well as other standard title exclusions, as set forth in the Purchase Agreement and other related purchase documentation. Certain Properties (e.g., Newly Foreclosed Auction Properties) may not be eligible for title insurance and title insurance will not be provided for such Properties. Certain other Properties (e.g., those sold subject to the redemption rights of third parties or pursuant to a Newly Foreclosed designation) will be conveyed either by quitclaim deed or by an assignment of the sheriff’s deed/certificate, and the Seller makes no warranties of title. The Website, the Purchase Agreement, and related documentation should be consulted for further information, and are available upon request.