Common use of UNPAID OBLIGATIONS Clause in Contracts

UNPAID OBLIGATIONS. Except as set forth on Schedule 4.16(j), ------------------ ---------------- there are not material unpaid charges, debts, liabilities, claims or obligations arising from the construction, occupancy, ownership, use, or operation of the Real Property. No such Real Property is subject to any condition or obligation to any material Governmental Entity or other person requiring the owner or any transferee thereof to donate land, money or other property or to make off-site public improvements.

Appears in 3 contracts

Samples: Stock Purchase Agreement (Prometheus Homebuilders LLC), Stock Purchase Agreement (Prometheus Homebuilders Funding Corp), Stock Purchase Agreement (Prometheus Homebuilders Funding Corp)

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UNPAID OBLIGATIONS. Except as set forth on Schedule 4.16(j), ------------------ ---------------- there are not material unpaid charges, debts, liabilities, claims or obligations arising from the construction, occupancy, ownership, use, or operation of the Real Property. No such Real Property is subject to any condition or obligation to any material Governmental Entity or other person requiring the owner or any transferee thereof to donate land, money or other property or to make off-site public improvements.

Appears in 1 contract

Samples: Stock Purchase Agreement (Fortress Group Inc)

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