Common use of Status of Buyer as Declarant; Annexation of Lots Clause in Contracts

Status of Buyer as Declarant; Annexation of Lots. Upon the Close of Escrow, Seller shall record in the County and deliver to Buyer a certificate, as required under Section 2.11 of that certain Master Declaration of Covenants, Conditions and Restrictions of Paradise Valley, which was recorded in the Office of the County Recorder of Xxxxxx County, State of California, on August 25, 1995, Serial No. 95-51486 ("CC&Rs"), designating Buyer as a "Declarant," as defined in the CC&Rs, with respect to the Lots. Buyer will undertake, with Seller's reasonable cooperation, the responsibility of preparing documentation for annexation of the Lots under the CC&Rs and taking such other steps, including, without limitation, obtaining from the California Department of Real Estate a Subdivision Public Report pertaining to the sale of the Lots, as Buyer may determine to be necessary or appropriate to effectively develop, market, improve and sell the Lots.

Appears in 2 contracts

Samples: Purchase Agreement (Homefed Corp), Purchase Agreement (Homefed Corp)

AutoNDA by SimpleDocs

Status of Buyer as Declarant; Annexation of Lots. Upon the Close of Escrow, Seller shall record in the County and deliver to Buyer a certificate, as required under Section 2.11 of that certain Master Declaration of Covenants, Conditions and Restrictions of Paradise Valley, which was recorded in the Office of the County Recorder of Xxxxxx County, State of California, on August 25, 1995, Serial No. 95-51486 ("CC&Rs"), designating Buyer as a "Declarant," as defined in the CC&Rs, with respect to the Lots. Buyer will undertake, with Seller's reasonable cooperation, cooperation the responsibility of preparing documentation for annexation of the Lots under the CC&Rs and taking such other steps, including, without limitation, obtaining from the California Department of Real Estate a Subdivision Public Report pertaining to the sale of the Lots, as Buyer may determine to be necessary or appropriate to effectively develop, market, improve and sell the Lots.

Appears in 1 contract

Samples: Purchase Agreement (Homefed Corp)

AutoNDA by SimpleDocs

Status of Buyer as Declarant; Annexation of Lots. Upon the Close of Escrow, Seller shall record in the County and deliver to Buyer a certificate, as required under Section 2.11 of that certain Master Declaration of Covenants, Conditions and Restrictions of Paradise Valley, which was recorded in the Office of the County Recorder of Xxxxxx County, State of California, on August 25, 1995, Serial No. 95-51486 ("CC&Rs"), designating Buyer as a "Declarant," as defined in the CC&Rs, with respect to the Lots. Buyer will undertake, with Seller's reasonable cooperation, the responsibility of preparing documentation for annexation of the Lots under the CC&Rs and taking such other steps, including, without limitation, obtaining from the California Department of Real Estate a Subdivision Public Report pertaining to the sale of the Lots, as Buyer may determine to be necessary or appropriate to effectively develop, market, improve and sell the Lots.to

Appears in 1 contract

Samples: Option to Purchase Agreement (Homefed Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!