End Buyer definition
Examples of End Buyer in a sentence
Investor shall pay the insurance company and property tax from the monthly impounds collected for that purpose from the End Buyer.
This Agreement and the obligations and liabilities arising under this Agreement shall be released automatically as to each End Buyer of a lot; provided, however, that no such conveyance of a lot shall release Developer from its obligations hereunder.
The property will have the Investor as the first lien holder (similar to a bank loan) and will get paid off first if End Buyer refinances or sells the property.
With the exception of an End Buyer of a lot within the Property, any person or entity upon becoming an owner of land within the District or upon obtaining an ownership interest in any part of the Property shall be deemed to be an owner and have all of the obligations of the Developer as set forth in this Agreement and all related documents to the extent of said ownership or ownership interest.
The title company can then transfer ownership of the property to the End Buyer.
The note service company shall then receive and deposit each payment (Principal and Interest) into Investor’s bank account along with the property taxes and insurance (Usually all paid monthly by the End Buyer unless otherwise specified in the LC Note).
The SAP shall provide that the PID Assessment on any tract within the Property that is sold to an End Buyer for any residential occupancy shall be paid in full prior to closing.
Then the title deed of equal amount will be transferred to the End Buyer.
This ensures End Buyer makes satisfactory payments and improves its credit.
An End- Buyer shall be considered a third-party beneficiary of this Agreement, but only for the limited purposes for which an End-Buyer is bound by this Agreement.