Real Estate Contract. While the Purchase Price includes the amount that Buyer is paying to Xxxxxxxx for the real estate owned by Xxxxxxxx, Buyer and Xxxxxxxx shall use their best efforts to enter into and close on a separate standard real estate contract which shall contain customary representations and warranties typically made by parties to an “AS IS” real property contract. If Buyer and Xxxxxxxx fail to execute and close on the real estate contract referenced in this Section 2.3, Buyer shall, at it sole option, have the right to rescind and fully unwind the purchase transaction consummated by the Purchase Agreement, and the Purchase Agreement and any related agreements shall thereafter be deemed null and void and of no further force or effect.
Real Estate Contract. Upon acceptance of the Bid Agreement, Buyer will enter into a Standard Residential Purchase Agreement within 5 business days. The Purchase Agreement is available for inspection at xxxxx://xxx.xxxxxxxxxxxxx.xxx/files/Real Estate Purchase Agreement form.pdf XXXXXXX XXXX: The successful bidder will provide a cashier’s check, certified check or money order for $1,000.00 made payable to Consolidated Title Company. The successful bidder will provide the xxxxxxx money along with the Purchase Agreement signed by authorized signatory. In the event successful bidder does not provide the required items within 5days of being notified of being the successful bidder, the bid will not be considered and considered null and void. XXXXXXX MONEY ESCROW - The xxxxxxx money funds provided by the successful bidder shall be held in escrow by Consolidated Title and Abstract, as escrow agent, for the mutual benefit of the parties, and shall be disbursed according to the terms of the Real Estate Purchase Agreement. RETURN OF XXXXXXX MONEY – In the event that the transaction does not close and the Consolidated Title and Abstract is holding xxxxxxx money in its escrow account on behalf of the Buyer and Seller, said xxxxxxx money will be returned or held by the Broker in accordance with the terms of the Real Estate Purchase Agreement.
Real Estate Contract. Buyer will purchase the Dealership Premises from Sellers’ affiliates, WBF Florida Properties, LLC and WBF Florida Properties III, LLC, Florida limited liability companies, pursuant to a real estate contract effective as of the Effective Date (as it may be amended and assigned, the “Real Estate Contract”).
Real Estate Contract. Within twenty (20) days of Tenant’s delivery of the applicable Exercise Notice, Landlord and Tenant shall execute and deliver a Real Estate Purchase Contract containing such terms as are acceptable to Landlord and Tenant and as are customary for commercial real estate transactions of like nature and price in the Elko, Nevada area (the “Purchase Contract”). The Purchase Contract shall provide for: (i) Landlord to sell the Leasehold Premises to Tenant without warranty or representation other than the Title Warranties referred to below and the warranties set out in this Lease from Landlord (such warranties of Landlord to Tenant to be restated as warranties from Seller to Buyer); (ii) title to be conveyed free and clear of all debts, liens, claims, encumbrances, exceptions and conditions of title other than: (aa) Exceptions 1 through 6, 8 and 9 as set forth on the Commitment for Title Insurance issued by Xxxxxxx Title Guaranty Company under its Order Number 05012821, dated October 26, 2005; (bb) real property taxes and assessments imposed by governmental authorities (paid current); and (cc) matters asserted by any party not claiming by or through Landlord. Any obligations which Landlord may have to convey title shall be deemed satisfied so long as a reputable title company doing business in Elko County, Nevada issues its title insurance policy free and clear of such matter.
Real Estate Contract. (DUBLIN).
Real Estate Contract. Within twenty (20) days of Tenant’s delivery of the applicable Exercise Notice, Landlord and Tenant shall execute and deliver a Real Estate Purchase Contract containing such terms as are acceptable to Tenant and as are customary for commercial real estate transactions of like nature and price in the Carson City, Nevada area.
Real Estate Contract. 2.1(c) Directors, General Manager and Key Employees
Real Estate Contract. Within twenty (20) days of Tenant’s delivery of the applicable Exercise Notice, Landlord and Tenant shall execute and deliver a Real Estate Purchase Contract (the “Purchase Contract”) containing such terms as are acceptable to Tenant and as are customary for commercial real estate transactions of like nature and price in the Carson City, Nevada area. The Purchase Contract shall provide for: (i) Tenant’s right to review the title and the survey status of the Leased Premises; (ii) various representations and warranties which are customary for sellers of commercial property in the Carson City, Nevada area; (iii) a time period for and Tenant’s right of inspection and review of the Leased Premises; (iv) conveyance by general warranty deed, which deed shall transfer title of the Leased Premises to Tenant, free and clear of all debts, liens, claims, encumbrances, exceptions and conditions to status of title (other than the standard pre-preprinted exceptions set out in the owners title policy), adverse environmental or other adverse conditions; and (v) the issuance by a reputable Nevada title company of an owner’s title policy in favor of Tenant, satisfactory to Tenant.
Real Estate Contract. Buyer will purchase the Property from Seller’s affiliate, Ash Street Holdings, LLC, a Connecticut limited liability company, pursuant to a real estate contract effective as of the Effective Date (as it may be amended and assigned, the “Real Estate Contract”).
Real Estate Contract. Buyer will purchase the Property from Seller’s affiliates, Nissan Real Estate, Ltd. and Cadillac Real Estate, Ltd., Texas limited partnerships, pursuant to a real estate contract effective as of the Effective Date (as it may be amended and assigned, the “Real Estate Contract”). Seller shall take all reasonably necessary or advisable acts (i.e., repairs and replacements) in order to remedy any “deferred maintenance” or outstanding “short-term capital expenditures/repairs” (as those terms are defined by the American Society of Testing Materials) identified in the property condition report obtained by Buyer.
