Status Pending Closing. Until and unless legal title to the Project is transferred to the Company at Closing, the Company shall not, by virtue of this Agreement, acquire legal title to the Project, and the risk of loss of the Project shall remain with the tenant under the Lease.
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Samples: Lease Agreement (Legacy Housing, LTD.), Lease Agreement (Legacy Housing, LTD.), Option Agreement (Medient Studios, Inc.)
Status Pending Closing. Until and unless legal title to the Project is transferred to the Company at Closing, the Company shall not, by virtue of this Agreement, acquire legal title to the Project, and the risk of loss of the Project shall remain with the tenant lessee under the Lease.
Appears in 1 contract
Samples: Option Agreement (Dixie Group Inc)
Status Pending Closing. Until and unless legal title to the Project is transferred to the Company at Closing, the Company shall not, by virtue of this Agreement, acquire legal title to the Project, and the risk of loss of the Project shall remain with the tenant under the 2008 Lease.
Appears in 1 contract
Status Pending Closing. Until and unless legal title to the Project is transferred to the Company at ClosingClosing under this Agreement, or the Issuer transfers title to the Company as a result of a default under the Lease, the Company shall not, by virtue of this Agreement, acquire legal title to the Project, and the risk of loss of the Project shall remain with the tenant under the Lease.
Appears in 1 contract
Samples: Option Agreement
Status Pending Closing. Until and unless legal title to the Project is transferred to the Company at Closing, the Company shall not, by virtue of this Agreement, acquire legal title to the Project, and the risk of loss of the Project shall remain with the tenant under the LeaseRental Agreement.
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