Texas Property Code Sample Clauses

Texas Property Code. If Lessee vacates the premises in breach of a this written lease, Lessor may deduct from the Lessee's security deposit the reasonable cost incurred by the Lessor to rekey a security device required by law and as authorized by Section 92.156(e)
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Texas Property Code. SMOKE DETECTORS: Lessor will furnish smoke detectors in the manner described in Subchapter F of Chapter 92 of the Texas Property Code, and the detectors will be tested and working batteries provided when Lessee first takes possession. Lessee will thereafter pay for and replace batteries. Lessee must not disconnect or intentionally damage a smoke detector or remove the battery without immediately replacing it with a working battery. If Lessee fails to comply with this section, in any way, Lessee may be subject to damages, civil penalties, and attorney’s fees under Section 92.
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Texas Property Code. Subtenant agrees that all terms of this Sublease for determining charges and amounts of Rent are commercially reasonable and that each such charge or amount constitutes a “method by which the charge is to be computed” for purposes of Section 93.012 of the Texas Property Code.
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Texas Property Code. Pursuant to Chapter 62 of the Texas Property Code, Broker hereby discloses its right to claim a lien based on this Agreement. Executed effective as of the date first above written. Owner: WEDC, By: , its Authorized Agent Broker: XXXXXXX PARTNERS, LLC. By: , its Authorized Agent DRAFT Exhibit A AFT Proposed Site DR Site Plan Exhibit B Intermediary Disclosure Owner is advised that real estate brokers may work with both sellers and buyers and with landlords and tenants, sometimes representing the seller or landlord and sometimes representing the buyer or tenant. If Broker works with both an owner/landlord and a buyer/tenant, it is possible that the buyer/tenant may want to purchase or lease the Property. In that case, Xxxxxx may be faced with a potential conflict of interest. If a broker acts as an agent for more than one party to a transaction (an “Intermediary”), Texas law requires the broker to disclose its intermediary status and obtain written consent from all parties to authorize the broker to represent more than one party. To resolve potential conflicts of interest, Xxxxxx hereby discloses to Owner that Xxxxxx may be an agent of both Owner and a potential buyer or tenant. Owner hereby consents to any Intermediary, authorizes Broker to represent more than one party to any transaction; authorizes Xxxxxx, in the case of any Intermediary, to appoint a license holder associated with Broker to communicate with and carry out the instructions of Owner (and such license holder may provide opinions and advise to Owner) and to appoint another license holder associated with Broker to communicate with and carry out the instructions of the other party to such transaction (and such license holder may provide opinions and advise to such other party); and acknowledges that Owner will be the source of any expected compensation to Xxxxxx and Xxxxxx may also be paid a fee by the Prospect. If Xxxxxx acts as an agent for Owner and a Prospect in the sale or lease of all or part of the Property, Broker will
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Texas Property Code authorizes a broker to secure an earned commission with a lien against the Property.
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Texas Property Code. We call to your attention that the enforceability of the Deed of Trust may be limited by the provisions of Sections 51.003 through 51.005 of the Texas Property Code, which relate to deficiencies resulting from the foreclosure of contract liens relating to real property.
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Related to Texas Property Code

  • Personal Property Collateral The Administrative Agent shall have received, in form and substance satisfactory to the Administrative Agent:

  • Real Property Collateral The Administrative Agent shall have received, in form and substance reasonably satisfactory to the Administrative Agent:

  • Real Property Interests Except for leasehold interests disclosed on Schedule 3.20, and except for the ownership or other interests set forth on Schedule 3.20, no Credit Party has, as of the Closing Date, any ownership, leasehold or other interest in real property. Schedule 3.20 sets forth, with respect to each parcel of real estate owned by any Credit Party as of the Closing Date, the address and legal description of such parcel.

  • Certain Provisions Concerning Intellectual Property Collateral SECTION 6.1.

  • Waiver of Bulk-Sale and Bulk-Transfer Laws SpinCo hereby waives compliance by each and every member of the Parent Group with the requirements and provisions of any “bulk-sale” or “bulk-transfer” Laws of any jurisdiction that may otherwise be applicable with respect to the transfer or sale of any or all of the SpinCo Assets to any member of the SpinCo Group. Parent hereby waives compliance by each and every member of the SpinCo Group with the requirements and provisions of any “bulk-sale” or “bulk-transfer” Laws of any jurisdiction that may otherwise be applicable with respect to the transfer or sale of any or all of the Parent Assets to any member of the Parent Group.

  • Real Property Collateral; Judicial Reference Notwithstanding anything herein to the contrary, no dispute shall be submitted to arbitration if the dispute concerns indebtedness secured directly or indirectly, in whole or in part, by any real property unless (i) the holder of the mortgage, lien or security interest specifically elects in writing to proceed with the arbitration, or (ii) all parties to the arbitration waive any rights or benefits that might accrue to them by virtue of the single action rule statute of California, thereby agreeing that all indebtedness and obligations of the parties, and all mortgages, liens and security interests securing such indebtedness and obligations, shall remain fully valid and enforceable. If any such dispute is not submitted to arbitration, the dispute shall be referred to a referee in accordance with California Code of Civil Procedure Section 638 et seq., and this general reference agreement is intended to be specifically enforceable in accordance with said Section 638. A referee with the qualifications required herein for arbitrators shall be selected pursuant to the AAA’s selection procedures. Judgment upon the decision rendered by a referee shall be entered in the court in which such proceeding was commenced in accordance with California Code of Civil Procedure Sections 644 and 645.

  • Title; Real Property (a) Each Group Member has good and marketable fee simple title to all owned real property and valid leasehold interests in all leased real property, and owns all personal property, in each case that is purported to be owned or leased by it, including those reflected on the most recent Financial Statements delivered by the Borrower, and none of such property is subject to any Lien except Permitted Liens.

  • Property Contracts Purchaser shall assume at Closing the obligations under the Property Contracts assumed by Purchaser; however, operating expenses shall be prorated under Section 5.4.2.

  • Real Estate Leases All leases, subleases, licenses, concessions, options, and other agreements relating to the occupancy of the Leased Real Property, including the right to all security deposits and other amounts and instruments deposited thereunder, are listed on Schedule 4.8.2 (collectively, the “Real Estate Leases”), and Seller has provided Buyer with a copy of such Real Estate Leases. Except as set forth in Schedule 4.8.2: (i) the Real Estate Leases have not been modified, amended, or assigned, are legally valid, binding and enforceable in accordance with their respective terms, and are in full force and effect; and (ii) to Seller’s knowledge, there are no material defaults (or matters that upon written notice or lapse of time would constitute material defaults) by Seller or by any other party to the Real Estate Leases.

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