REAL PROPERTY CLOSING Sample Clauses

REAL PROPERTY CLOSING. As part of the Closing it is acknowledged that a settlement statement shall be separately prepared relating to the Owned Facilities, which settlement statement shall be prepared by the attorney for ARC at least one business day prior to the Closing. Normal closing adjustments shall be charged to the parties as follows:
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REAL PROPERTY CLOSING. The following is hereby added as a new Section 10.5 of the Purchase Agreement immediately following Section 10.4 of the Purchase Agreement:
REAL PROPERTY CLOSING. The closing of the sale of the Acquired Real Property by Seller to Buyer and the delivery of the easements described in Section 7.13 (the “Real Property Closing”) shall be held on April 22, 2014 in the offices of Xxxxx Xxxxx L.L.P., located at 000 Xxxxxxxxx Xxxxxx, Xxxxxxx, XX 00000, or such other location or such other date as Buyer and Seller may agree upon in writing. At the Real Property Closing, (a) Seller will cause (i) LandCo to transfer and assign the Acquired Real Property to Buyer, free of any lease, pursuant to the LandCo Deed (with such changes as are necessary to reflect the correct grantors that are the owners of the Acquired Real Property), together with the easements described in Section 7.13 above, and (ii) a recordable release of any trust, mortgages, financing statements, fixture filings and/or security agreements made by Seller or its Affiliates affecting the Acquired Real Property and (b) Buyer shall deliver or cause to be delivered to Seller by direct bank or wire transfer in immediately available funds, an amount in cash equal to $1,207,334 to the account designated in writing by Seller.
REAL PROPERTY CLOSING. (i)Seller delivered the Real Property Deed and, in the case of the Developer to City Conveyance, the Public Access Easements - Property, and possession of the Real Property to Purchaser on the Real Property Closing Date. Purchaser accepted delivery of the Real Property Deed and, in the case of the Developer to City Conveyance, the Public Access Easements - Property, and make payment of the Real Property Purchase Price for the Real Property and, in the case of the Developer to City Conveyance, the Public Access Easements - Property. Payment of the Real Property Purchase Price was made by wire transfer of funds to Seller, or by such other means as was approved by Seller in writing.
REAL PROPERTY CLOSING. The Real Property Closing shall occur, except as otherwise provided herein, at 10:00 a.m. on or about 30 days after the Towns’ boards of selectmen pass one of the two orders described in Section 1.3 above authorizing the transfer of the Real Property, at the fire station or such earlier time or other place as designated by written notice by either Party at least five days prior to closing (“Real Property Closing”).

Related to REAL PROPERTY CLOSING

  • Title; Real Property (a) Each Group Member has good and marketable fee simple title to all owned real property and valid leasehold interests in all leased real property, and owns all personal property, in each case that is purported to be owned or leased by it, including those reflected on the most recent Financial Statements delivered by the Borrower, and none of such property is subject to any Lien except Permitted Liens.

  • Real Property Matters The Company does not own any real property as of the date hereof and has not owned any real property during the three years preceding the date hereof.

  • Real Property Interests Except for leasehold interests disclosed on Schedule 3.20, and except for the ownership or other interests set forth on Schedule 3.20, no Credit Party has, as of the Closing Date, any ownership, leasehold or other interest in real property. Schedule 3.20 sets forth, with respect to each parcel of real estate owned by any Credit Party as of the Closing Date, the address and legal description of such parcel.

  • Real Properties The Company does not have an interest in any real property, except for the Leases (as defined below).

  • Real Property Lease Except as set forth in Disclosure Schedule 1.1.(b), Seller has no leases of real property used or held for use in connection with the Business or the Purchased Assets.

  • Real Property; Leasehold Neither the Company nor any of its Subsidiaries owns or has ever owned any real property. The Company has made available to Parent (a) an accurate and complete list of all real properties with respect to which the Company directly or indirectly holds a valid leasehold interest as well as any other real estate that is in the possession of or leased by the Company or any of its Subsidiaries, and (b) copies of all leases under which any such real property is possessed (the “Company Real Estate Leases”), each of which is in full force and effect, with no existing material default thereunder. The Company’s use and operation of each such leased property conforms to all applicable Laws in all material respects, and the Company has exclusive possession of each such leased property and has not granted any occupancy rights to tenants or licensees with respect to such leased property. In addition, each such leased property is free and clear of all Encumbrances other than Permitted Encumbrances. The Company has not received written notice from its landlords or any Governmental Body that: (i) relates to violations of building, zoning, safety or fire ordinances or regulations; (ii) claims any defect or deficiency with respect to any of such properties; or (iii) requests the performance of any repairs, alterations or other work to such properties.

  • Real Property and Leases (a) The Company and each of its subsidiaries has sufficient title to all of its real properties and assets to conduct its businesses as currently conducted or as contemplated to be conducted.

  • After Acquired Real Property Upon the acquisition by it or any of its Domestic Subsidiaries that is a Loan Party after the date hereof of any Material Real Estate Asset (each such interest being an “After Acquired Property”), as soon as reasonably practicable so notify the Collateral Agent, setting forth with specificity a description of the interest acquired, the location of the real property, and either an appraisal or such Loan Party’s good-faith estimate of the current value of such real property after taking into account any liabilities with respect thereto that impact such fair market value. The Collateral Agent shall notify such Loan Party within ten (10) Business Days of receipt of notice from the Administrative Borrower whether it intends to require any of the Real Property Deliverables referred to below. Upon receipt of such notice, the Loan Party that has acquired such After Acquired Property shall furnish to the Collateral Agent as promptly as reasonably practicable the following, each in form and substance reasonably satisfactory to the Collateral Agent: (i) a Mortgage with respect to such real property and related assets located at the After Acquired Property, duly executed by such Loan Party and in recordable form; (ii) evidence of the recording of the Mortgage referred to in clause (i) above in such office or offices as may be necessary or, in the opinion of the Collateral Agent, desirable to create and perfect a valid and enforceable first priority lien on the After Acquired Property purported to be covered thereby (subject to Permitted Liens) or to otherwise protect the rights of the Agents and the Lenders thereunder, (iii) a Title Insurance Policy, (iv) a survey of such real property, certified to the Collateral Agent and to the issuer of the Title Insurance Policy by a licensed professional surveyor reasonably satisfactory to the Collateral Agent, provided that an existing survey shall be acceptable if sufficient for the applicable title insurance company to remove the standard survey exception and issue survey-related endorsements, (v) if requested, Phase I Environmental Site Assessments with respect to such real property, certified to the Collateral Agent by a company reasonably satisfactory to the Collateral Agent, and (vi) such other documents reasonable and customary or instruments (including guarantees and enforceability opinions of counsel) as the Collateral Agent may reasonably require (clauses (i)-(vi), collectively, the “Real Property Deliverables”). The Borrowers shall pay all reasonable and documented out-of-pocket fees and expenses, including reasonable and documented out-of-pocket fees and expenses of one outside counsel and one local counsel in each relevant jurisdiction, and all title insurance charges and premiums, in connection with each Loan Party’s obligations under this Section 7.01(o).

  • Closing; Closing Date Closing" and "Closing Date" have the meanings set forth in Section 5.3.

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