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Common use of Purchaser’s Deliveries Clause in Contracts

Purchaser’s Deliveries. At closing and contemporaneously with the Seller's compliance with the provisions of Section 7.2, Purchaser shall: (A) Pay to Seller the cash portion of the purchase price, adjusted for the prorations herein provided for in Article IV. (B) Execute and deliver an assumption of obligations under leases, securities, any contracts which may be accepted by the Purchaser and any other obligations specifically set forth herein. (C) Deliver to the Seller a resolution of the Purchaser that: (i) This Agreement has been duly authorized, executed and delivered by the Purchaser and is a valid and binding agreement of Purchaser, and (ii) Purchaser has complete unrestricted power to buy the Property from the Seller and to execute any documents required to effectuate the transfer.

Appears in 10 contracts

Samples: Purchase Contract (Cornerstone Realty Income Trust Inc), Purchase Contract (Cornerstone Realty Income Trust Inc), Purchase Contract (Cornerstone Realty Income Trust Inc)

Purchaser’s Deliveries. At closing and contemporaneously with the Seller's compliance with the provisions of Section 7.2, Purchaser shall: (A) Pay to Seller the cash portion of the purchase price, adjusted for the prorations herein provided for in Article IV. (B) Execute and deliver an assumption of obligations under leases, securities, any contracts Contracts which may be accepted by the Purchaser purchaser and any other obligations specifically set forth herein. (C) Deliver to the Seller a resolution of the Purchaser purchaser that: (i) This Agreement has been duly authorized, executed and delivered by the Purchaser and is a valid and binding agreement of Purchaser, and (ii) Purchaser has complete unrestricted power to buy the Property from the Seller and to execute any documents required to effectuate the transfer.

Appears in 1 contract

Samples: Purchase Contract (Cornerstone Realty Income Trust Inc)

Purchaser’s Deliveries. At closing and contemporaneously with the Seller's compliance with the provisions of Section 7.2, Purchaser shall: (A) Pay to Seller the cash portion of the purchase price, adjusted for the prorations herein provided for in Article IV. (B) Execute and deliver an assumption of obligations under leases, securitiessecury deposits, any contracts which may be accepted by the Purchaser and any other obligations specifically set forth herein. (C) Deliver to the Seller a resolution of the Purchaser that: (i) This Agreement has been duly authorized, executed and delivered by the Purchaser and is a valid and binding agreement of Purchaser, and (ii) Purchaser has complete unrestricted power to buy the Property from the Seller and to execute any documents required to effectuate the transfer.

Appears in 1 contract

Samples: Purchase Contract (Cornerstone Realty Income Trust Inc)

Purchaser’s Deliveries. At closing and contemporaneously with the Seller's compliance with the provisions of Section 7.2, Purchaser shall: (A) Pay to Seller the cash portion of the purchase price, adjusted for the prorations herein provided for in Article IV. (B) Execute and deliver an assumption of obligations under leases, securities, any contracts which may be accepted by the Purchaser and any other obligations specifically set forth herein.. Purchaser that: (C) Deliver to the Seller a resolution of the Purchaser that:the (i) This Agreement has been duly authorized, executed and delivered by the Purchaser and is a valid and binding agreement of Purchaser, and (ii) Purchaser has complete unrestricted power to buy the Property from the Seller and to execute any documents required to effectuate the transfertransfer and authorizing the officer who signs any documents at closing to sign same.

Appears in 1 contract

Samples: Purchase Contract (Cornerstone Realty Income Trust Inc)

Purchaser’s Deliveries. At closing and contemporaneously with the Seller's compliance with the provisions of Section 7.2, Purchaser shall: (A) Pay to Seller the cash portion of the purchase price, adjusted for the prorations herein provided for in Article IV. (B) Execute and deliver an assumption of obligations under leases, securities, any contracts which may be accepted by the Purchaser and any other obligations specifically set forth herein. (C) Deliver to the Seller a resolution of the Purchaser that: (i) This Agreement has been duly dully authorized, executed and delivered by the Purchaser and is a valid and binding agreement of Purchaser, and (ii) Purchaser has complete unrestricted power to buy the Property from the Seller and to execute any documents required to effectuate the transfer., ARTICLE VI I I SELLER'S REPRESENTATIONS, WARRANTIES AND COVENANTS

Appears in 1 contract

Samples: Purchase Contract (Cornerstone Realty Income Trust Inc)

Purchaser’s Deliveries. At closing and contemporaneously with the Seller's compliance with the provisions of Section 7.28.2, Purchaser shall: (A) Pay to Seller the cash portion of the purchase price, adjusted for the prorations herein provided for in Article IV. (B) Execute and deliver an assumption of obligations under leases, securities, any contracts which may be accepted by the Purchaser and any other obligations specifically set forth herein. (C) Deliver to the Seller a resolution of the Purchaser that: (i) This Agreement has been duly authorized, executed and delivered by the Purchaser and is a valid and binding agreement of Purchaser, and (ii) Purchaser has complete unrestricted power to buy the Property from the Seller and to execute any documents required to effectuate the transfer.

Appears in 1 contract

Samples: Purchase Contract (Cornerstone Realty Income Trust Inc)