Examples of Fee Properties in a sentence
Rents, prepaid expenses, and other similar items relating to the Fee Properties (collectively, “Rents”) shall be prorated between the Parties on a per diem basis as of the Closing Date.
Purchaser acknowledges that all insurance coverage at the Fee Properties is provided by Xxxxxxxx Oil pursuant to the lease agreements between Seller and Xxxxxxxx Oil (“EOP Leases”).
If before Closing, any part of the Fee Properties is taken, or noticed for taking, by eminent domain, Seller shall promptly give Purchaser written notice thereof.
The transfer of title to the Fee Properties (as defined in Section 7.6) (the “Closing”) shall occur simultaneously with, and shall be contingent upon, the consummation of the transactions contemplated in the Stock Purchase Agreement.
If Purchaser makes such election, (a) Purchaser shall have no obligation to purchase the Condemned Property, (b) this Agreement shall continue in full force and effect as to the remaining unaffected Fee Properties and (c) the Property Purchase Price shall be adjusted to reflect the aggregate amount of sum of the purchase prices for the Fee Properties, less the purchase price for the Condemned Property.