Proposed Acquisition of Property Sample Clauses

Proposed Acquisition of Property. Antah is the registered owner of a piece of freehold land held under Geran 49604, Lot No. 52981, District and Mukim of Kuala Lumpur, State of Wilayah Persekutuan, measuring 4,177 square meters ("sq. m.") in area ("Land") together with a ten (10)-storey office building with three (3) basement car park level erected thereon, known as "Wisma Antah" ("Building") (collectively, the "Existing Building"). Antah had on 3 February 2006 entered into a project and finance management agreement ("Project Agreement") with Clear Water Development Sdn Bhd (formerly known as Able Vantage Sdn Bhd) ("CWDSB") to undertake the development of a portion of the Land which consists of inter alia, an additional block of service apartments, shop lots and car parks consisting not less than twenty- two (22) storeys and three (3) additional storeys on the rooftop of the Building ("New Building") as well as comprehensive infrastructure including access roads, drainage, sewerage, sub- stations, water, telephone and electricity supply systems. On 8 May 2006, ECSB had entered into the Property SPA with Antah for the acquisition of approximately 61,312.50 square feet ("sq. ft.") in floor area of the Building which consist of the floor area in Level 1 to Level 9 of the Building and 119 car park bays situated in the basement of the Building (collectively, "the Property") for a purchase consideration of RM18,500,000 to be satisfied by the issuance of 18,500,000 new NewCo Shares ("Property Consideration Shares") at an issue price of RM1.00 per share ("Proposed Acquisition of Property"). The issuance of the Property Consideration Shares is subject to Antah, DBS Bank Ltd ("DBS") and Maybank Berhad ("MBB") entering into settlement agreement(s) or arrangement(s) for the satisfaction in distribution of the Property Consideration Shares for the release of all encumbrances, liens and/or charges on the Property pursuant to the terms and settlement agreement(s) or arrangement(s) to be entered into between Antah, DBS and MBB and the Property Consideration Shares (after deduction of part thereof towards satisfaction of retention sum for the settlement of real property gains tax and any expenses to be incurred as a result of thereof) may only be distributed to DBS and MBB (or their nominees) and subject to such approvals as may be required by law and such variations as the relevant authorities may impose and that the PIPO Vendors shall be kept informed on a timely basis of Antah's settlement proposals with...
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Related to Proposed Acquisition of Property

  • Acquisition of Property The Contractor shall document that all property was acquired consistent with its engineering, production planning, and property control operations.

  • Disposition of Property Dispose of any of its property, whether now owned or hereafter acquired, or, in the case of any Subsidiary, issue or sell any shares of such Subsidiary’s Capital Stock to any Person, except:

  • Notice to Proceed - Land Acquisition The acquisition of the Land shall not occur until the Director has issued a written Notice to Proceed for land acquisition to the Recipient (the "Notice to Proceed"). Such Notice to Proceed will not be issued until the Director has received a Request to Proceed acceptable to the Director and is assured that the Recipient has complied with all requirements for the approval of a grant under Revised Code Sections 164.20 through 164.27 and any requirements for land acquisition set forth in this Agreement, including without limitation the OPWC's approval of the proposed Deed Restrictions and Title Agent. The Notice to Proceed also shall specify the time frame for the Closing.

  • Land Acquisition Reimbursement for the costs associated with acquiring interest and/or rights to real property (including access rights through ingress/egress easements, leases, license agreements, or other site access agreements; and/or obtaining record title ownership of real property through purchase) must be supported by the following, as applicable: Copies of Property Appraisals, Environmental Site Assessments, Surveys and Legal Descriptions, Boundary Maps, Acreage Certification, Title Search Reports, Title Insurance, Closing Statements/Documents, Deeds, Leases, Easements, License Agreements, or other legal instrument documenting acquired property interest and/or rights. If land acquisition costs are used to meet match requirements, Xxxxxxx agrees that those funds shall not be used as match for any other Agreement supported by State or Federal funds.

  • Real estate transactions You must sign the certification. You may cross out item 2 of the certification.

  • Land Acquisition Disbursement To initiate the purchase of the Land, the Recipient must first complete and submit a written Request to Proceed to the Director prior to Closing. The Request to Proceed must name the proposed Title Agent and must indicate the amount of Funds requested from the OPWC for the land acquisition, including expected settlement costs, based upon the participation ratio and the amount of funds expected from any Matching Funds. The Request to Proceed must contain as attachments: (a) a copy of the proposed Deed Restrictions; (b) a copy of the executed purchase agreement with respect to, or such other agreement to convey an interest in, the Land between the Recipient and the Land owner; (c) a copy of the performed appraisal according to the specifications provided by the Director; (d) evidence satisfactory to the Director that Recipient will acquire marketable title to the Land at Closing; and (d) if the Recipient desires to elect the pre-closing option described below (i) a copy of the signed escrow agreement among Recipient, Title Agent and the OPWC, executed by Recipient and Title Agent, substantially in the form of Appendix F of this Agreement (the "Escrow Agreement") and (ii) if the Title Agent is an agent for a title insurance company, rather than a title company itself, a closing protection letter issued by the title insurance company to the OPWC. Funds for land acquisition shall be disbursed to the Recipient, as part of a grant to the Recipient pursuant to Revised Code Sections 164.20 through 164.27, pursuant to the pre-closing option and/or the reimbursement option, as described in subsections 5(a) and 5(b), respectively.

  • Land Acquisition and Involuntary Resettlement 3. The Borrower shall ensure or cause the Project Executing Agency to ensure that all land and all rights-of-way required for the Project are made available to the Works contractor in accordance with the schedule agreed under the related Works contract and all land acquisition and resettlement activities are implemented in compliance with (a) all applicable laws and regulations of the Borrower relating to land acquisition and involuntary resettlement; (b) the Involuntary Resettlement Safeguards; and (c) all measures and requirements set forth in the RP, and any corrective or preventative actions set forth in the Safeguards Monitoring Report.

  • Nature of Disposition Disposition shall be by destruction or deletion of data. Disposition shall be by a transfer of data. The data shall be transferred to the following site as follows: [Insert or attach special instructions]

  • Information Acquisition Connecting Transmission Owner and Developer shall each submit specific information regarding the electrical characteristics of their respective facilities to the other, and to NYISO, as described below and in accordance with Applicable Reliability Standards.

  • Data Disposition When the contracted work has been completed or when the Data is no longer needed, except as noted above in Section 5.b, Data shall be returned to DSHS or destroyed. Media on which Data may be stored and associated acceptable methods of destruction are as follows: Data stored on: Will be destroyed by: Server or workstation hard disks, or Removable media (e.g. floppies, USB flash drives, portable hard disks) excluding optical discs Using a “wipe” utility which will overwrite the Data at least three (3) times using either random or single character data, or Degaussing sufficiently to ensure that the Data cannot be reconstructed, or Physically destroying the disk Paper documents with sensitive or Confidential Information Recycling through a contracted firm, provided the contract with the recycler assures that the confidentiality of Data will be protected. Paper documents containing Confidential Information requiring special handling (e.g. protected health information) On-site shredding, pulping, or incineration Optical discs (e.g. CDs or DVDs) Incineration, shredding, or completely defacing the readable surface with a coarse abrasive Magnetic tape Degaussing, incinerating or crosscut shredding

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