Reconveyance of District Funded Public Improvements by the District Sample Clauses

Reconveyance of District Funded Public Improvements by the District. Concurrently with or subsequently following the conveyance of District Funded Public Improvements to the District, the District shall reconvey those District Funded Public Improvements to, as applicable, the City or a Participating Agency. The City or a Participating Agency shall accept, own, operate, maintain, and repair the District Funded Public Improvements conveyed by one or more bills of sale, together with such easements, rights of way or other legal rights of occupancy necessary to site the District Funded Public Improvements on real property. District Funded Public Improvements will be delivered to the City or a Participating Agency free and clear of all liens, taxes, assessments, leases, easements and encumbrances, whether any such item is recorded or unrecorded, except those non-monetary items which are either (a) required by the City or a Participating Agency having jurisdiction thereover, or (b) reasonably determined by the City or a Participating Agency not to interfere materially with the intended use of such improvements and therefore are not required to be cleared from title. Conveyance of the District Funded Public Improvements shall be made only by bill of sale, together with such easements, rights of way or other legal rights of occupancy necessary to site the District Funded Public Improvements on real property. Conveyance of any Additional Improvements may be made by dedication on the final plat(s) of the Land or by bill of sale from the Developer to the Participating Agencies.
Sample 1
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Reconveyance of District Funded Public Improvements by the District. Concurrently with or subsequently following the conveyance of District Funded Public Improvements to the District, the District shall reconvey those District Funded Public Improvements to, as applicable, the City or a Participating Agency. The City or a Participating Agency shall accept, own, operate, maintain, and repair the District Funded Public Improvements conveyed by one or more bills of sale. District Funded Public Improvements will be delivered to the City or a Participating Agency free and clear of all liens, taxes, assessments, leases, easements and encumbrances, whether any such item is recorded or unrecorded, except those non-monetary items which are either (a) required by the City or a Participating Agency having jurisdiction thereover, or (b) reasonably determined by the City or a Participating Agency not to interfere materially with the intended use of such improvements and therefore are not required to be cleared from title. Conveyance of the District Funded Public Improvements shall be made only by bill of sale. Conveyance of any Additional Improvements may be made by dedication on the final plat(s) of the Land or by bill of sale from the Developer to the Stonegate Tax Increment Development District or the Participating Agencies.
Sample 1

Related to Reconveyance of District Funded Public Improvements by the District

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  • Reports of Foreclosures and Abandonments of Mortgaged Property Following the foreclosure sale or abandonment of any Mortgaged Property, the Servicer shall report such foreclosure or abandonment as required pursuant to Section 6050J of the Code.

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  • Location and Type of Mortgaged Property The Mortgaged Property is a fee simple property located in the state identified in the related Mortgage Loan Schedule, except that with respect to real property located in jurisdictions in which the use of leasehold estates for residential properties is a widely-accepted practice, the Mortgaged Property may be a leasehold estate, and consists of a single parcel of real property with a detached single family residence erected thereon, or a two- to four-family dwelling, or an individual residential condominium unit in a condominium project, or an individual unit in a planned unit development and that no residence or dwelling is a mobile home; provided, however, that any condominium unit or planned unit development shall not fall within any of the "Ineligible Projects" of part XII, Section 102 of the Fannie Mae Selling Guide and shall conform with the Underwriting Guidelxxxx. In the case of any Mortgaged Properties that are manufactured homes (a "Manufactured Home Mortgage Loans"), (i) such Manufactured Home Mortgage Loan conforms with the applicable Fannie Mae or Freddie Mac requirements regarding mortgage loans related xx xxnxxxcturxx xxxxlings, (ii) the related manufactured dwelling is permanently affixed to the land, (iii) the related manufactured dwelling and the related land are subject to a Mortgage properly filed in the appropriate public recording office and naming Seller as mortgagee, (iv) the applicable laws of the jurisdiction in which the related Mortgaged Property is located will deem the manufactured dwelling located on such Mortgaged Property to be a part of the real property on which such dwelling is located, and (v) such Manufactured Home Mortgage Loan is (x) a qualified mortgage under Section 860G(a)(3) of the Internal Revenue Code of 1986, as amended, and (y) secured by manufactured housing treated as a single family residence under Section 25(e)(10) of the Code. As of the date of origination, no portion of the Mortgaged Property was used for commercial purposes, and since the date of origination, no portion of the Mortgaged Property has been used for commercial purposes; provided, that Mortgaged Properties which contain a home office shall not be considered as being used for commercial purposes as long as the Mortgaged Property has not been altered for commercial purposes and is not storing any chemicals or raw materials other than those commonly used for homeowner repair, maintenance and/or household purposes;

  • Initial Contribution of Trust Property; Organizational Expenses The Property Trustee acknowledges receipt in trust from the Depositor in connection with the Original Trust Agreement of the sum of $10, which constituted the initial Trust Property. The Depositor shall pay organizational expenses of the Trust as they arise or shall, upon request of any Trustee, promptly reimburse such Trustee for any such expenses paid by such Trustee. The Depositor shall make no claim upon the Trust Property for the payment of such expenses.

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  • Waiver of Bulk-Sale and Bulk-Transfer Laws SpinCo hereby waives compliance by each and every member of the Parent Group with the requirements and provisions of any “bulk-sale” or “bulk-transfer” Laws of any jurisdiction that may otherwise be applicable with respect to the transfer or sale of any or all of the SpinCo Assets to any member of the SpinCo Group. Parent hereby waives compliance by each and every member of the SpinCo Group with the requirements and provisions of any “bulk-sale” or “bulk-transfer” Laws of any jurisdiction that may otherwise be applicable with respect to the transfer or sale of any or all of the Parent Assets to any member of the Parent Group.

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