Examples of Land Sale Contract in a sentence
If a mortgagor elects to convert a Land Sale Contract to a mortgage or deed of trust and mortgage note, the Servicer shall do so in accordance with the servicing standard set forth in Section 2 hereof.
It is understood and agreed that no earthquake or other additional insurance is to be required of any Mortgagor or maintained on property acquired in respect of a Mortgage or Land Sale Contract other than pursuant to such applicable laws and regulations as shall at any time be in force and as shall require such additional insurance.
Party B covenants that the Project Company shall commence and complete the construction of the plants strictly in accordance with the timeframe stipulated in the Land Sale Contract.
Land Sale Property" means the real ------------------ ------------------ property that is the subject of the Land Sale Contract.
Seller shall be credited with all prepaid operating expenses (determined in accordance with generally accepted accounting principles) with respect to Assumed Contracts, any xxxxxxx money payments on the Land Sale Contract and capital expenditures incurred in connection with any Contracts entered into in accordance with the limitations of Section 6.17.