Omaha Property definition
Examples of Omaha Property in a sentence
Borrower shall complete, within the time periods provided for in the Renovation Rider to the License Agreement for the Omaha Property as described in Exhibit I hereto (subject to extension as provided in Section 7.20(f) below), the Renovations provided for in such Renovation Rider.
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Buyer shall have the period beginning on the date hereof and ending at 5 p.m. Eastern Standard Time November 29, 2005 with respect to the Omaha Property and December 9, 2005 with respect to the Tempe Property (the "DUE DILIGENCE PERIOD") to examine the Property and all matters related thereto.
Concurrently with consummation of the Closing, Buyer (as landlord) agrees to lease to Target, which is, or will be at the time of the Closing, an affiliate of Seller, and Target shall lease from Buyer, the Omaha Property and the Tempe Property, pursuant to leases in substantially the form and substance of EXHIBIT E-1 and EXHIBIT E-2 (the "NET LEASES").
As used herein, the term "Due Diligence Period" with respect to the Omaha Property, means the period ending on November 29, 2005 and "Due Diligence Period" with respect to the Tempe Property, means the period ending on December 9, 2005.
In consideration thereof, Purchaser shall only be obligated to fund 90% of the Omaha Purchase Price on the Closing Date for the Omaha Property with the 10% balance of the Omaha Purchase Price (the "OMAHA HOLDBACK") funded on the Closing Date for the Tempe Property if, as and when the Closing Date for the Tempe Property occurs.
As used herein, "Closing" with respect to the Omaha Property means the Closing on the Omaha Property and "Closing" with respect to the Tempe Property means the Closing on the Tempe Property.
On the Closing Date, Borrower shall deposit with Lender $62,500.00 to perform any Required Remediation for the Omaha Property.
Recording by Buyer of the Deed will be conclusive evidence that all conditions to the Closing with respect to the Omaha Property have been satisfied or waived.
The foregoing representations and warranties are deemed also to be made by the LLC with respect to the Omaha Property.