Common use of Site Obligations Clause in Contracts

Site Obligations. Except as set forth on WP Disclosure Schedule Section 4.8(d), to the knowledge of the WP Partners and the WP Entities, no WP Real Property is subject to any condition or obligation to any Governmental Authority or other Person requiring the owner or any transferee thereof to donate or otherwise transfer for less than fair value land or any interest therein, money or other property or to make off-site public improvements, other than obligations that would not have a Material Adverse Effect on the WP Business.

Appears in 4 contracts

Samples: Agreement and Plan of Reorganization (Schuler Homes Inc), Agreement and Plan of Reorganization (Schuler James K), Agreement and Plan of Reorganization (Apollo Real Estate Investment Fund L P/Ny)

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