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
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.
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. Buyer and Seller shall have executed and delivered the lease attached as SCHEDULE 1.1(A).
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. (DUBLIN).
(a) Celestica Ireland may, at its option, notify Motorola on or before February 1, 2001 that a financial institution intends to acquire the real property described in the Real Estate Contract (Dublin) (the "Irish Real Property") in lieu of Celestica Ireland, and to enter into a lease with Celestica Ireland or one of its Affiliates with respect to the Irish Real Property on or before the Closing Date. Motorola B.V. will enter into a real estate contract with the financial institution subject to satisfaction of the following:
(i) the financial institution is acceptable to Motorola, acting reasonably;
(ii) the real estate contract to be made between Motorola B.V. and the financial institution on terms and conditions reasonably acceptable to Motorola B.V.; and
(iii) neither Motorola nor Motorola B.V. nor any of their respective Affiliates shall have any liability in respect of the Irish Real Property to the financial institution except as specifically contemplated in the real estate contract to be made between Motorola B.V. and the financial institution relating to the Irish Real Property.
(b) If the financial institution acquires the Irish Real Property in accordance with the terms hereof and pays Motorola B.V. the purchase price for the Irish Real Property, Celestica Ireland's obligations to acquire the Irish Real Property hereunder shall be cancelled and of no further force or effect. If the conditions set forth in Section 8.9(a) are not satisfied on or before the Closing Date and a real estate contract relating to the Irish Real Property is not executed with the financial institution, Celestica Ireland shall purchase the Real Property pursuant to this Agreement and to the Real Estate Contract (Dublin). The parties acknowledge that the Closing Date shall not be extended only by reason of this section 8.9.
Real Estate Contract. The Real Estate shall be conveyed pursuant to the provisions of the Real Estate Contract, which the parties agree to execute concurrently with the execution of this Agreement.
Real Estate Contract. At the Closing, the owners of the real estate at , which houses the operations of the business of the Seller (the “Real Estate”) would enter into a written real estate contract (“Real Estate Contract”) with Buyers pursuant to which Buyers would agree to buy, and such owners would agree to sell and convey to Buyers, marketable title to the Real Estate. The purchase price for the Real Estate would be Dollars ($ ) (“Real Estate Purchase Price”), and would be payable in equal monthly installments of principal and interest, such installments to commence on the first day of the month following the Closing Date and to be computed on the basis of a year amortization with interest at the rate of % per annum. At their cost, prior to the Closing, the owners of the real Estate would deliver to Buyers an abstract of title to the Real Estate extended through a current date and reflecting marketable title to the Real Estate in such owners. The amortization period for any unpaid balance of the Real Estate Purchase Price will be renegotiated on the anniversary of the Closing Date. The Real Estate Contract would be based on the Iowa State Bar Association “Real Estate Contract- Installments” form and would contain such other terms and conditions as are mutually agreed to by the parties thereto.
Real Estate Contract. Directors, General Manager and Key Employees
