Land Agreement definition
Examples of Land Agreement in a sentence
Landowner has not received any notice from or on behalf of Project Company of any defenses, offsets, credits or counterclaims to the enforcement of the Land Agreement.
Neither Landowner nor Project Company is in default of any of the terms and provisions of the Land Agreement nor is there now any fact or condition which, with notice or lapse of time or both, will become a default by Landowner or Project Company under the Land Agreement.
All payments or other charges that are due by Project Company to Landowner under the Land Agreement have been paid as of the date of this Estoppel.
There are no adverse claims to title to the Property that would impair Project Company from exercising its rights under the Land Agreement.
Landowner hereby makes the following consent, and certifies and represents to each of the, Project Company, Title Company and any Lender, as to the following matters, with the knowledge that this Estoppel (the “Estoppel”) will be relied upon by the Project Company with respect to the development of the Project, by the Title Company in connection with in connection with issuing title insurance concerning the Land Agreement, and by Lender in making loans to the Project Company.