PURCHASE & SALE AGREEMENT. All sales shall be documented by Sterling Rail’s standard Purchase & Sale Agreement signed by both Purchaser and Seller.
PURCHASE & SALE AGREEMENT. Upon receipt of the Exercise Notice, the District shall draft, or cause to be drafted, a purchase sale agreement (“Purchase Sale Agreement”) containing the price, terms, and conditions set forth in the Offer and Exercise Notice as well as all other provisions typical of a commercial real property agreement in the County of Tulare, State of California, including all terms required by law and regulation. The closing of the sale shall be in accordance with the commercially reasonable closing practices found within Tulare County, State of California. The Parties shall have ten (10) business days to finalize and execute the Purchase Sale Agreement (“Agreement Period”). If the Parties do not execute the Purchase Sale Agreement within the Agreement Period, Adventist Health’s Right of First Refusal with respect to Offer shall terminate.
PURCHASE & SALE AGREEMENT. The Abbot Mill is located in the Forge Village neighborhood of Westford, MA. It is a former textile mill that was constructed over a 60 year period beginning in the late 1900s. Stony Brook originates at the dam on the east end of Forge Pond, passes under and then next to the Abbot Mill buildings and continues east to the Concord River. The dam on Forge Pond is part of the property.
PURCHASE & SALE AGREEMENT. Upon receipt of the Exercise Notice, the District shall draft, or cause to be drafted, a purchase sale agreement (“Purchase Sale Agreement”) containing the price, terms, and conditions set forth in the Offer and Exercise Notice as well as all other provisions typical of a commercial real property agreement in the County of Tulare, State of California, including all terms required by law and regulation. The closing of the sale shall be in accordance with the commercially reasonable closing practices found within Tulare County, State of California. The Parties shall have thirty (30) business days to finalize and execute the Purchase Sale Agreement (“Agreement Period”). If the Parties do not execute the Purchase Sale Agreement within the Agreement Period, the District shall have the right, in its sole and absolute discretion to, upon written notice to Adventist Health, terminate negotiates regarding the Purchase Sale Agreement and Adventist Health’s Right of First Refusal with respect to Offer shall, without further action, automatically terminate.
PURCHASE & SALE AGREEMENT. It is agreed by the parties that the risk of loss, damage or destruction of said Vessel and equipment shall be borne by the Seller until the transaction is closed.
PURCHASE & SALE AGREEMENT. Within ten (10) days of a timely election of Mxxxxxxxx’x exercise of the Purchase Option pursuant to Section IV, Torchlight and Mxxxxxxxx shall execute the Purchase Sale Agreement for the Hxxxx Prospect attached as Exhibit “B”. The Parties covenant that at any time after the Effective Date of this Option Agreement, they will execute such additional instruments and take such actions as may be reasonably be requested by the party(ies) to confirm or perfect or otherwise to carry out the intent and purposes of this Option Agreement.
PURCHASE & SALE AGREEMENT. If SMWD elects under Article 2 to exercise the Option, the Parties will exercise reasonable best efforts to negotiate a definitive purchase and sale agreement that incorporates the terms of this Option Agreement, taking into account environmental review, the Parties’ collective efforts to secure potential financial off-sets and incentives, and other relevant considerations prior to approval of the Program (“Purchase and Sale Agreement”).
PURCHASE & SALE AGREEMENT. The City and Housing Authority shall enter into a purchase - sale agreement for the transfer of the Property at no cost, subject to the Restrictive Covenant. The Housing Authority shall thereafter transfer ownership of the Property to the Owner Entity, upon terms and conditions to be determined by the Housing Authority, and subject to the Restrictive Covenant in favor of the City (as defined below).
PURCHASE & SALE AGREEMENT. The purchase agreement entered into by the Municipality and XX Xxxxxx stipulated conditions that may be placed on the sale of the land. In particular, the agreement anticipates the following restrictions: • That the buildings be used for residential rental housing; • That 15% of the gross floor area of the building be “Affordable Rental Units” for a period of not less than twenty-five years from the date of occupancy permit for the buildings on the Lands is obtained. An Affordable Rental Unit rate shall not exceed 30% of the Housing Income Limits (HILS) that are determined from time to time by BC Housing. XXX’s legal counsel have drafted Bylaw No. 496, 2019 in accordance with the conditions listed above in the Purchase Sale Agreement. As such, it requires that all 27 residential units be used as rental accommodation. The agreement also stipulates that priority of rental of the 27 units be given Housing Agreement Bylaw No. 496, 2019 November 29, 2019 to tenants who are residents of or employees on Xxxxx Island, or to those who were residents of Xxxxx prior to retirement. The bylaw further regulates that the affordable units be set as 4 units within the building (and no more than 2 studio units at any time), and that these units be rented to “Eligible Tenants” for a maximum “Permitted Rent”.
PURCHASE & SALE AGREEMENT. Pursuant to the Agreement of Purchase and Sale of Membership Interests dated as of May 23, 2003 (the "PURCHASE/SALE AGREEMENT") Tenant's affiliates, Xxxxxxx Grande, Inc. and Xxxxxxx Properties, Inc. (collectively, "SELLERS") are selling all their rights and interests in both North Tower Manager, LLC and North Tower Member, LLC, including all rights in and to the Xxxxx Fargo Rent Credit, to Xxxxxxx Partners-Bunker Hill, Ltd, or its designee ("BUNKER HILL"). One of the conditions to the Closing (as defined in Section 1.1 of the Purchase/Sale Agreement) is the execution and delivery of this Amendment by Landlord and Tenant.
