Recapture Agreements. Xxxxx agrees to enter into recapture agreement(s) in the form attached hereto, agreeing to repay a portion of Buyer’s Individual Grant(s) upon a sale, conveyance or transfer of the Buyer’s Residence other than by will or by operation of law upon the death of a joint tenant owner, and otherwise stated in such recapture agreement(s). The recapture agreement(s) shall be recorded in the Office of the Recorder of Deeds of Champaign County. Terms of the recapture agreement(s) shall survive closing of this transaction.
Recapture Agreements. There are no obligations in connection with the Real Property for any so called "recapture agreements" involving refund, participation or payment of monies, nor any charge for work or services done, or to be done, upon or relating to or benefitting, whether now or in the future, the Real Property. Seller shall be required to state in writing prior to Closing exceptions to the above listed representations, warranties, and covenants, in which case Purchaser may (i) terminate this Agreement if such exceptions are not reasonably acceptable, (ii) elect to close this transaction notwithstanding such exceptions, and/or (iii) pursue any and all other remedies available to Purchaser at law or in equity. The representations and warranties contained in this Agreement shall survive the Closing and the recordation of the Deed. Any liability of Seller arising in connection with the representations and warranties contained in this Agreement, however, shall terminate three hundred sixty five (365) days from the Closing Date, except for any claims asserted prior to the expiration of such three hundred sixty five (365) day period.
Recapture Agreements. As of the date of this Agreement, except for the Development Agreement by and between the Seller and the City of Owatonna (the “City”), Minnesota (as amended, modified, or supplemented, the “Development Agreement”) and the Tri-Party Agreement (the “Tri-Party Agreement”) by and between the Seller, the City and the Purchaser, in relation to the Property, the Seller has not entered into any recapture agreement or other agreement providing for the payment to any governmental authority or to the owner or developer of another parcel of property any sum of money as compensation for the development of the Property or infrastructure improvements to be made either on or off of the Property (collectively, “Recapture Agreements”).
Recapture Agreements. To the extent that Purchaser would be required to bear any expense (other than de minimus expenses) in conjunction with any Recapture Agreement that may be entered into by Seller, Seller hereby covenants that it shall not enter into any such agreement except as may be reasonably necessary in conjunction with the obligations of the Seller pursuant to the Lease, and as may be approved in advance by Purchaser, such approval not to be unreasonably withheld or delayed.
Recapture Agreements. To the best of Seller's and Owner's knowledge, there are no obligations in connection with the Development Rights or the Real Property involving a refund for sewer extension, oversizing utility lines, lighting or like expense or charge for work or services done upon or relating to the Real Property (so called "recapture agreements") which will bind Purchaser or the Real Property after the Closing Date or the Date of Conveyance of title to any parcel comprising the Real Property. Moreover, the Real Property is not the Subject of, or entitled to, any real estate tax exemption or abatement or other tax holiday of any kind. 10.1.3
Recapture Agreements. To Seller's knowledge, as of the Effective Date and except as set forth on Schedule 5.14, there are no obligations affecting the Purchased Assets involving a refund for sewer extension, oversizing utility lines or lighting expenses or charges for similar work or services done upon or relating to the Purchased Assets (so called "recapture agreements") which will bind Buyer or the Purchased Assets after the Closing Date.
Recapture Agreements. There are no obligations in connection with the Land of any so-called “recapture agreement” involving refund for sewer extension, oversizing utility, lighting or like expense or charge for work or services done upon or relating to the Real Property. No portion of the Property is subject to or is affected by any special assessment or special taxing district.
Recapture Agreements. There are no obligations in connection with the Property or any so called "recapture agreement" involving refund for sewer extension, over sizing utility lines, lighting or like expense or charge for work or services done upon or relating to the Property which will bind Purchaser or the Property from and after the Closing Date.
Recapture Agreements. To Seller's actual knowledge, there are no obligations in connection with the Project or any so called "recapture agreement" involving refund for sewer extension, oversizing utility lines, lighting or like expense or charge for work or services done upon or relating to the Project which will bind Purchaser or the Project from and after the Closing Date.
