Sale and Purchase of Property. Subject to the terms and conditions of this Agreement, Seller hereby agrees that, at closing, it will sell, convey, assign, transfer and deliver to Buyer, the following real estate, improvements, buildings, facilities, machinery, equipment, furniture, fixtures and other assets (collectively, the “Property”):
Sale and Purchase of Property. (a) Seller hereby agrees to sell, convey, transfer, assign and deliver to Buyer, and Buyer hereby agrees to purchase from Seller, on and subject to the terms and conditions set forth in this Agreement, all of the following properties and assets:
(i) All that certain lot, tract or parcel of land and premises located in Baltimore, Maryland, together with the 299 unit apartment complex including the two (2) office spaces constructed thereon, including all recreational facilities, parking areas and amenities and improvements appurtenant thereto, known as the Willowbrook Apartments, as more particularly described in the metes and bounds legal description annexed hereto as EXHIBIT A-1 and Seller's existing title survey annexed hereto as EXHIBIT A-2 (the "Existing Survey"); together with all easements, titles, estates, interests, privileges or rights, if any, with respect thereto, including, without limitation, all right, title and interest, if any, of Seller in and to any adjacent or abutting lands lying in the beds of streets, roads or alleyways, open or proposed (collectively, the "Premises").
(ii) All furniture, fixtures, equipment and other tangible personal property owned by Seller and employed in the operation of the Premises, the principal items of which are more particularly set forth on the inventory annexed hereto as EXHIBIT B (the "Personal Property").
(iii) All of Seller's right, title and interest as landlord, without representation, warranty or recourse except as otherwise specifically provided in this Agreement, in, to and under all leases of apartment units constituting portions of the Premises in existence on the date of Closing (as hereinafter defined) (the "Leases"). The Leases in existence on the date set forth on the rent roll (the "Rent Roll") annexed hereto as EXHIBIT C (the "Existing Leases") are more particularly described on the Rent Roll.
(iv) All of Seller's right, title and interest, without representation, warranty or recourse except as otherwise specifically provided in this Agreement, in, to and under the contracts and agreements relating to the use, occupancy and operation of the Premises (the "Service Contracts"), a schedule of which Service Contracts is annexed hereto as EXHIBIT D.
(v) All of Seller's right, title and interest, if any, without representation, warranty or recourse and to the extent assignable, in and to (1) all certificates (including original certificate(s) of occupancy), licenses, permits and approvals relatin...
Sale and Purchase of Property. SELLER agrees to sell and convey to BUYER and BUYER agrees to purchase:
(a) All of SELLER's right, title and interest in and to the Real Property, together with all right, title and interest, if any, of SELLER in and to any land lying in the beds of any streets, avenues, alleys or passages, open or proposed, bounding or abutting the Real Property, and drainage rights appurtenant to the Real Property, together with all right, title and interest, if any, of SELLER, in and to any easements, rights of way or passageways appurtenant to or benefiting the Real Property and free of all liens and encumbrances except the Permitted Exceptions, as that term is defined in Paragraph 4 hereof;
(b) All articles of personal property of whatsoever nature or sort, if any, which are owned by SELLER and which, as of the date of this Agreement of Sale, are attached or appurtenant to or used in connection with or located in or upon the Real Property, and any additions thereto or replacements thereof which may be made between the date of this Agreement of Sale and the date of Closing hereunder (all of the foregoing being hereinafter collectively referred to as the "Personal Property"), which Personal Property shall be conveyed by SELLER to BUYER at Closing by a quitclaim bill of sale; anx SELLER's interest in the Real Property and the Personal Property are hereinafter sometimes referred to collectively as the "Property".
Sale and Purchase of Property. Seller agrees to sell and convey to Buyer and Buyer agrees to purchase from Seller the Premises, inclusive of all building and any personal property thereon, for the consideration and upon the terms and conditions hereinafter stated, subject to the conditions precedent to Buyer’s obligation for perform as set forth in detail in this Agreement.
Sale and Purchase of Property. Seller agrees to sell and convey to ----------------------------- Purchaser, and Purchaser agrees to purchase from Seller, at the price and upon the terms, provisions and conditions set forth in this Agreement, that certain tract or parcel of land located in Xxx County, Ft. Xxxxx, Florida, as more particularly described in Exhibit "A" attached hereto and made a part hereof (the "Land"), together with (i) all buildings and other improvements situated on ---- the Land (collectively, the "Improvements"), (ii) all oil, gas and mineral ------------ rights of Seller, if any, in and to the Land, (iii) all right, title and interest of Seller in and to all easements, rights of way, reservations, privileges, appurtenances, and other estates pertaining to the Land or the Improvements, (iv) all right, title and interest of Seller, if any, in and to the fixtures, machinery, equipment. supplies and other articles of personal property attached or appurtenant to the Land or the Improvements, (collectively, the "Personal -------- Property"), (v) all right, title and interest of Seller, if any, in and to all -------- intangible assets relating to the Improvements, including, without limitation, any warranties or guaranties relating to the Improvements and the trade name(s) of the Improvements, (vi) all right, title and interest of Seller, if any, in and to all strips and gores, all alleys adjoining the Land to the center line thereof, and all right, title and interest of Seller, if any, in and to any award made or to be made in lieu thereof and in and to any unpaid award for any taking by condemnation or any damages to the Land or the Improvements by reason of a change of grade of any street, road or avenue, and (vii) all right, title and interest of Seller in and to the Lease (the Land, the Improvements and all of the foregoing items listed in clauses (i)-(vii) above being hereinafter sometimes collectively referred to as the "Premises"). Anything contained in -------- this Paragraph 3 to the contrary notwithstanding and provided that Purchaser enters into a separate Development Agreement with The Xxxxx Group on or before the end of the Inspection Period, wherein The Xxxxx Group shall construct the building pursuant to terms and conditions satisfactory to Purchaser and The Xxxxx Group. Seller is also selling or conveying to Purchaser, and Purchaser is also purchasing or receiving from Seller, Seller's right, title and interest in and to (A) that certain Short Form Option A...
Sale and Purchase of Property. 19.1 It is recorded that the Developer and the Employer have entered into the Agreement of Sale in terms of which the Developer (as Seller) will sell to the Employer (as Purchaser) the Property. Initial
19.2 This Agreement is subject to the condition that should the aforementioned Agreement of Sale not be concluded between the Parties or should any of the conditions precedent or resolutive conditions which may be recorded in the Agreement of Sale not be fulfilled or become of effect and the Agreement of Sale as a result thereof should lapse, this agreement shall also lapse and be of no further force or effect.
19.3 Should the Employer commit a breach of its obligations under the Agreement of Sale and the Contractor as a result thereof elects to cancel the Agreement of Sale then:
19.3.1 the breach by the Employer of its obligations under the Agreement of Sale shall be deemed to be a breach of its obligations under this agreement; and
19.3.2 the Contractor shall be entitled to cancel this agreement on written notice to the Employer without first affording the Employer the opportunity to remedy the breach as is contemplated in clause 16.
Sale and Purchase of Property. On the Closing Date (as hereinafter defined) the Seller shall sell to the Buyer, and the Buyer shall purchase from the Seller, all of the Seller's rights, title and interest in and to the Property.
Sale and Purchase of Property. Upon and subject to all of the terms and conditions contained herein and the performance by each of the parties hereto of their respective obligations, the Buyer shall purchase and acquire from the Seller, and the Seller shall sell, convey, transfer, assign and deliver to the Buyer the Property.
Sale and Purchase of Property. Upon the terms and subject to all of the conditions contained herein and the performance by each of the parties hereto of their respective obligations hereunder, the Buyer shall purchase and acquire from the Seller, and the Seller shall sell, convey, transfer, assign and deliver to the Buyer, certain real property (the “Property”), which Property contains approximately 9.45 acres and is more fully described as follows: The SE/4 of the NE/4 of the SW/4 of Section 36, Township 29 South, Range 27 East, Polk County, Florida.
Sale and Purchase of Property. On the terms and conditions hereinafter set forth, Seller shall sell the Property (as described below) to Buyer and Buyer (individually, a “Party,” and together the “Parties”) shall purchase the Property from Seller.
