Unit Contracts. The representations and warranties set forth in the corresponding Section of the Building Loan Agreement are incorporated herein by reference as if fully set forth herein.
Unit Contracts. The Contracts submitted to Lender by Borrower and all future contracts relating to individual Units, assuming the existence and, if applicable, the competence, of the purchaser and the execution and delivery of the applicable Contract to Borrower by the purchaser, are and will be, subject to the terms and conditions therein contained and the terms of the Offering Plan, the valid and binding obligations of the purchaser and not rescindable for any reason except for any statutory rescission right under New York Law, failure to complete construction of the Project Improvements, failure to create a condominium pursuant to State law and failure to obtain mortgage financing within ninety (90) days after the execution of any such Bona Fide Sales Contracts in those instances where such Bona Fide Sales Contracts are subject to a financing contingency or upon the expiration of any such ninety (90) days mortgage financing contingency will be Bona Fide Sales Contracts as provided for herein.
Unit Contracts. 35 3.1.43 ZLDA....................................................................... 35 3.1.44 Full and Accurate Disclosure............................................... 35 3.1.45 Foreign Person............................................................. 35 3.1.46
Unit Contracts. 77 3.1.43 ZLDA..................................................................... 78 3.1.44 Full and Accurate Disclosure............................................. 78 3.1.45 Foreign Person........................................................... 78 3.1.46 Investment Company Act................................................... 78 3.1.47 Organizational Structure................................................. 78 3.1.48 Tax Certificates......................................................... 78 3.1.49 Inclusionary Housing Program............................................. 78 Section 3.2 Continuing Effectiveness and Survival of Representations................. 79
Unit Contracts. From and after such time as Mortgage Borrowers shall have converted the Property to a condominium regime of ownership, the Contracts submitted to Lender by Borrowers and all future Contracts relating to individual Units, assuming the existence and, if applicable, the competence, of the purchaser and the execution and delivery of the applicable Contract to Mortgage Borrowers by the purchaser, are and will be, subject to the terms and conditions therein contained, the valid and binding obligations of the purchaser and not rescindable by the purchaser thereunder for any reason except failure to complete construction of the Project Improvements and failure to create a condominium pursuant to New York State law and failure of the purchaser to obtain mortgage financing within ninety (90) days after the execution of any such Contract in those instances where such Contract is subject to a financing contingency and, upon the expiration of any such ninety (90) days mortgage financing contingency, will be Bona Fide Sales Contracts as provided for herein.
Unit Contracts. From and after such time as Borrower shall have elected to convert the Property to Condominium ownership, the contracts for the sale of individual Residential Units submitted to Agent by Borrower and all future contracts relating to individual Residential Units, assuming the existence and, if applicable, the competence, of the purchaser and the delivery of the contract to Borrower by the purchaser, are and will be, subject to the terms and conditions therein contained, the valid and binding obligations of the purchaser and not rescindable by the purchaser for any reason except failure to complete construction of the Improvements and failure to create a condominium pursuant to State law or failure to satisfy a financing contingency or Borrower's default thereunder or as otherwise provided in the Offering Plan (which is subject to Agent's approval, not to be unreasonably withheld), and are Qualifying Contracts as provided for herein.
