Saleable Improvements Sample Clauses

Saleable Improvements. Developer and TxDOT acknowledge that Developer has incorporated the value of saleable improvements not retained by the property owner into the Project Right of Way costs shown in the Financial Model and that Developer, subject to the property owner’s waiver of the right to retain, shall concurrently with conveyance of the real property interest to TxDOT, and without the necessity of further documentation executed by TxDOT, obtain the rights to such saleable improvements. Developer shall not be entitled to a credit for any improvements retained by a property owner. To the extent required, TxDOT shall execute a transfer of title of such saleable improvements within the acquired Project Right of Way to Developer as soon as legally permissible and in accordance with applicable Laws. Upon conveyance of the real property interest to TxDOT, Developer shall comply with all applicable Laws with respect to relocation assistance and demolition.