Property Purchased Clause Samples

Property Purchased. Seller agrees to sell and City agrees to purchase the property requested and described in “Property and Services Purchased”, attached hereto as Exhibit A which is incorporated into this Purchase Agreement by this reference. By accepting this Purchase Agreement, Seller hereby agrees that the sale, use, or incorporation into manufactured products of all machines, software, hardware, materials and other devices furnished under this Purchase Agreement which are not of the Seller’s design, composition, or manufacture shall be free and clear of infringement of any valid patent, copyright, or trademark. Seller shall hold the City harmless from any and all costs and expenses, including attorney fees, liability, and loss of any kind growing out of claims, suits, or actions alleging such infringement, and Seller agrees to defend such claims, suits, or actions.

Property Purchased. Developer represents and warrants that it is the record owner in fee simple of the Property and will seek approval of the City to re-plat the Property (hereinafter sometimes referred to as the "Hotel Site").

Property Purchased. In consideration of the mutual promises herein contained, the Seller agrees to sell_ and the Buyer agrees to buy, in accordance with the terms and conditions of this Agreement. the following described Real Property, Situated in the City of Brooklyn, the County of Kings and the State of N.Y and described as follows: ▇▇▇▇ ▇▇ ▇▇▇ DIVISION REALTY CORP Together with all the improvements thereon, all privileges, appurtenances, easements, and all fixtures presently situated in said building, including, but not by way of limitation: all heating and air conditioning equipment including window units, all electrical, plumbing and bathroom fixtures.

Property Purchased. In consideration of the payment of $50.00, the receipt of which Producer hereby acknowledges from Gatherer, Producer grants Gatherer an irrevocable option to acquire, the compressions, buildings in which they are located, and to the extent transferable, surface sites and rights of ways, and all appurtenances related thereto that are located at Producer’s [CONFIDENTIAL] and [CONFIDENTIAL] locations and as are further described in the Exhibit “A”, attached and made a part of this Agreement (the “Compressor Facilities”) together with those certain pipelines as further described in the Exhibit “B”, attached and made a part of this Agreement (the “Pipelines”, with the Compressor Facilities and Pipelines hereafter referred to collectively as the “Assets”). Producer agrees to afford Gatherer complete and unrestricted access to the sites and locations of the Assets such as will enable Gatherer to conduct environmental, structural integrity and valuation due diligence efforts. The option hereby granted by Producer shall remain in effect through October 15, 2004 for compressors and November 1, 2004 for the pipelines (the “Option Expiration Date”). Gatherer may exercise said option at any time before the Option Expiration Date by delivering notice of such election to Producer. Upon receipt of such notice, the parties shall finalize negotiations relative to the purchase price and the Assignment and B▇▇▇ of Sale for use in transferring the Assets (the initial form of which is attached hereto as Exhibit C). If Gatherer does elect the option, Producer shall execute and deliver such additional documents as Gatherer may reasonably require to affect the transfer of good and marketable title in the Assets to Gatherer.

Property Purchased. The Grantee agrees to continue using property purchased under this Agreement for the purposes outlined in this Agreement or similar activities until it is fully consumed (i.e., is either fully distributed, damaged, worn-out, or becomes obsolete). Grantees shall receive prior authorization in writing by the Commission before reimbursement for any purchase order or subcontract exceeding $10,000.00 for any articles, supplies, equipment, or services. The contractor shall provide in the request for authorization all particulars necessary for evaluation of the necessity or desirability of incurring such cost and the reasonableness of the price or cost.

Property Purchased. The Grantee agrees to continue using property purchased under this Agreement for the purposes outlined in this Agreement or similar activities until it is fully consumed (i.e. is either fully distributed, damaged, worn-out, or becomes obsolete).

Property Purchased. In consideration of the mutual promises herein contained, the Seller agrees to sell, and the Buyer agrees to buy, in accordance with the terms and conditions of this Agreement, the following described Real Property, Situated in the City of _______________________, the County of ______________ and the State of ____________, and described as follows: ___________________________________________________________________________________. Together with all the improvements thereon, all privileges, appurtenances, easements, and all fixtures presently situated in said building, including, but not by way of limitation: all heating and air conditioning equipment including window units; all electrical, plumbing and bathroom fixtures; water softeners; shades; venetian blinds; awnings; curtains, draperies, & traverse rods; storm windows & doors; window & door screens; affixed mirrors; wall to wall, stair, and similar attached floor covering and carpets; television aerials, and rotor operating boxes; garage door openers and similar operating devices; ranges, ovens, refrigerators, dishwashers, garbage disposal, trash compactors, humidifiers; washing machines; dryer; all affixed or built-in furniture and fixtures; all landscaping, trees and shrubs; all utility/storage buildings or sheds; all building and yard maintenance equipment and tools; all furniture and equipment used by or rented to the tenants; except: ___________________________________________________________________________________ ___________________________________________________________________________________ In addition to the above the following shall be included in the sale: ___________________________________________________________________________________ ___________________________________________________________________________________

Property Purchased. The Purchaser, as consideration for the payment of the purchase price described herein to the LISD, shall receive and the LISD shall provide the following tiny home: □ Aspen □ Cider Box constructed by students in the LISD TECH Center Residential Construction Career and Technical Education program (hereinafter, “Property”). The Purchaser understands and agrees that the Property was constructed by high-school aged students as part of their educational program. The students involved in the construction of the Property are not construction professionals, architects, or engineers, nor do they possess any builder’s or other licenses.

Property Purchased. “AS IS”. Except as expressly set forth in this Agreement, the Property is being sold and conveyed “as is,” “where is,” and “with all faults” and Seller has not‌ made, does not make, and hereby disclaims any and all express or implied representations and warranties regarding or relating to the condition, suitability for any particular purpose, susceptibility to flooding, value, marketability, or zoning of the Property, or with respect to use and occupancy restrictions, compliance with environmental laws and laws and regulations relating to hazardous substances, toxic wastes and underground storage tanks, and all legal requirements affecting or relating to the Property. Buyer acknowledges that, except as expressly set forth in this Agreement, no such representations or warranties, express or implied, have been made. Buyer acknowledges that any and all information, feasibility or marketing reports, environmental or physical condition reports, or other information of any type that Buyer has received or may receive from Seller or Seller’s agents is furnished on the express condition that Buyer shall or would make an independent verification of the accuracy of any and all such information, all such information being furnished without any warranty whatsoever. Buyer shall rely upon its own inspection and its own professional advisors in its examination of the Property and all improvements thereon. Buyer hereby represents, warrants, and covenants to Seller that, ▇▇▇▇▇ has conducted Buyer’s own investigation of the Property and the physical condition thereof, including, without limitation, accessibility and location of utilities, use of hazardous materials on, from, or under the Property, permissible uses, zoning, covenants, conditions and restrictions, and other matters which in Buyer’s judgment are necessary or advisable or might affect or influence Buyer’s use of the Property, or bear upon the value and suitability of the Property for ▇▇▇▇▇’s intended purposes, or ▇▇▇▇▇’s willingness to enter into this Agreement. Buyer recognizes that Seller would not sell the Property except on an as is, where is, and with all faults basis, and acknowledges that Seller has made no representations or warranties of any kind in connection with the Property. Buyer expressly waives all claims it may have against Seller in any way relating to the Property or its condition, with the sole exception of ▇▇▇▇▇’s claims under this Agreement, and the Deed being delivered by Seller. The terms ...