Examples of Garage Condominium Unit in a sentence
Ancillary Agreements shall mean all instruments and agreements referenced or contemplated herein, including, without limitation, the Garage Lease, the Funding Agreement, the Declaration, the Developer Obligations Agreement, the Multi-Party Agreement, the Public Land Deed, the Garage Condominium Unit Deed, and any other agreements or reservations set forth therein and other documents needed to effecuate the intent of this Agreement and the Closing.
If a City Body owns the Garage Condominium Unit, City Bodies assume and agree to pay Real Estate Taxes and Assessments becoming a lien against the Garage Condominium Unit whenever assessed, due, or payable.
The Plat shall establish the precise legal description of: (A) the Mixed-Use Condominium Units; (B) the Public Right-of-Way; and (C) the Garage Condominium Unit; for purposes of title insurance and closing documents.
Closing shall mean the closing with respect to: (a) if not yet aquired, Developer’s acquisition of the Development Land; (b) CDC’s conveyance to Developer of the Public Land; (c) approval of the Plat (and recordation, if possible with the contemplated horizontal property regime); and (c) Developer’s and City’s agreement to the form of the Garage Condominium Unit Deed.
Developer shall be responsible for all real estate taxes and assessments, assessed, due and/or payable prior to the reconveyance and for all costs of reconveyance and to satisfy any liens and encumbrances on its leasehold estate in and to the Garage Condominium Unit and the Garage and on the Mixed-Use Condominium Units, including, without limitation the Project Loan.
As of expiration of the Diligence Period, City shall have determined that there: (i) is no contamination or pollution of the Garage Condominium Unit, or any groundwater thereunder by any hazardous waste, material, or substance in violation of any Laws; (ii) are no underground storage tanks located on the Garage Condominium Unit; and (iii) are no wetlands on the Garage Condominium Unit.
In lieu of exercising the Power of Termination as a result of a default under Section 17(a) or 17(b), City may alternatively elect to require Developer to re-convey the Mixed-Use Condominium Units to a City Body and relinquish its estate in and to the Garage and the Garage Condominium Unit in accordance with the terms and conditions of this Subsection, in which case City and Developer shall close the reconveyance within fifteen (15) days after such election.
As of expiration of the Diligence Period, City shall have determined that no test, inspection, examination, study, or investigation of the Garage Condominium Unit establishes that there are conditions that would interfere materially with the construction and use of the Garage, in accordance with the terms and conditions of this Agreement.
The form of the Garage Condominium Unit Deed shall be sufficient to convey the Garage Condominium Unit to CDC after the Garage is completed and the condominium declaration is recorded.
The Survey shall establish the legal description of: (A) the Mixed-Use Condominium Units; and (B) the Garage Condominium Unit, to the extent possible prior to condominiumization.