Real Property Reports definition

Real Property Reports has the meaning provided in the definition of “Collateral and Guaranty Requirements”.
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Real Property Reports means the Title Commitment and Survey and any update to the Title Commitment or Survey. “REAs” shall have the meaning assigned thereto in Section 3.2(n). “Releasees” shall have the meaning assigned thereto in Section 7.4. “Reported Title Defect” shall have the meaning assigned thereto in Section 8.3(a). “Reproration Period” shall have the meaning assigned thereto in Section 10.15(b). “Resort Adjacent Deed” shall have the meaning assigned thereto in Section 6.2(a)(v). “Resort Adjacent Property” shall have the meaning assigned thereto in “Background” Paragraph A. “Resort Adjacent Seller” shall have the meaning assigned thereto in the Preamble to this Agreement. “Resort Deed” shall have the meaning assigned thereto in Section 6.2(a)(i). “Resort Property” shall have the meaning assigned thereto in Background Paragraph A. “Resort Seller” shall have the meaning assigned thereto in the Preamble to this Agreement. “Retail Merchandise” shall have the meaning assigned thereto in Section 2.1(b)(x). “Sales Tax Certificate” shall have the meaning assigned thereto in Section 15.25(c). “Sanctioned Country” shall have the meaning assigned thereto in Section 3.1(f)(iii). “Sanctions” shall mean any economic or financial sanctions, or trade embargoes imposed, administered or enforced by a Sanctions Authority. “Sanctions Authority” shall mean (i) the United States of America, (ii) the European Union, (iii) the United Kingdom, and (iv) the relevant governmental institutions of any of the foregoing which administer Sanctions, including OFAC, the US State Department and the US Department of the Treasury.
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Real Property Reports. If an RPR is not available by the offer acceptance date, it would be prudent to add this term to the contract: Notwithstanding clause 4.11 (of the residential purchase contract), should a current real property report with compliance not be provided by completion date, there shall be a hold back of (i.e.) $5000 for 30 days from this date during which time the seller shall comply and provide the required report. These monies will be held in trust by the buyer’s lawyer and if seller does not comply, the monies shall be released to the buyer. It is important to note that you should ask for a copy of the RPR at the time of the offer being presented and/or prudent to make it a condition of the contract for your buyer’s review and acceptance. If you proceed with using this term, the amount of holdback would be reflective of the downpayment available (i.e. the hold back can’t exceed the amount of monies available).
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Examples of Real Property Reports in a sentence

  • If this Agreement is terminated, Buyer shall cause copies of all information and written materials obtained or generated in connection with the conduct of all Inspections, including any tests and environmental studies conducted of the Real Property ("Reports") and the Due Diligence Material, to be delivered to Seller without cost to Seller.

  • At Parent’s written request, the Company or the applicable the Company Subsidiary shall use commercially reasonable efforts to remove defects in title as disclosed by any Real Property Reports that are not Permitted Liens.

  • The Company has made available to Parent all Real Property Reports.

  • Except for Mandatory Cure Items (defined below), Purchaser is deemed to have approved all items contained in the Real Property Reports which do not appear on Schedule 6.9, which approved items shall be Permitted Encumbrances.

  • Additionally, upon the written request of Seller following termination, and contingent upon Seller’s reimbursement of all of Buyer’s out-of-pocket expenses related to third party reports regarding the Real Property (e.g., title reports, surveys and environmental reports, collectively, the “Third Party Real Property Reports”), Buyer shall deliver originals or copies of all such Third Party Real Property Reports to Seller.