Examples of Reconveyance Agreement in a sentence
Without limiting any other provision contained in this Agreement, effective as of the Closing, Buyer shall indemnify, defend, protect and hold Seller harmless from any and all claims, costs, liabilities, obligations and expenses in connection with the Reconveyance Agreement, and Buyer shall assume all of Seller’s obligations thereunder.
In connection with any reconveyance of Purchaser Interests by the Purchasers pursuant to a Distribution Center Consolidation described in clause (ii) above, the Seller, the Purchasers and Administrative Agent shall execute and deliver a Purchaser Interest Reconveyance Agreement with respect to the Purchaser Interests to be reconveyed.
Unless otherwise specified in the Reconveyance Agreement, all other costs shall be allocated between the parties in accordance with customary practice in the county in which the property is located.
Buyer acknowledges receipt of a copy of the Reconveyance Agreement.
Upon the successful Closing, this letter agreement shall constitute a First Amendment to the Reconveyance Agreement; provided, however, if the Closing does not occur on or before December 31, 2008, this Letter and all the term and provisions herein shall be null and void and of no further force or effect.
Among other items, Buyer acknowledges that the Reconveyance Agreement requires that certain portions of the Real Property be conveyed to other parties for no compensation, and that the Reconveyance Agreement also imposes significant obligations on Seller (which will be assumed by Buyer as of the Closing) in connection with the construction of improvements, whether located within the Property or off-site.
Purchaser and Seller agree that the following are added to Schedule 1.8 (Excluded Contracts): That certain unrecorded Xxxxxxx Xxxxxxx Xxxxx 0 Reconveyance Agreement between Hokulei Seller and GFP dated December 22, 2017, as the same may be amended, supplemented and/or modified.
Accordingly, notwithstanding any other provision to the contrary in this Agreement or any other Loan Document, the Borrower shall be permitted to subdivide the Drainage Parcel from the Land in accordance with Exhibit C and to convey the Drainage Parcel to Whitehall or its designee in accordance with the Reconveyance Agreement.
This Memorandum has been prepared and shall be recorded for the purpose of providing record notice of the Reconveyance Agreement and in no way modifies the provisions of the Reconveyance Agreement.
WestPoint and Chase Manhattan Bank, as trustee (the "Trustee") for the WestPoint Stevxxx Xxxeivables Master Trust (the "Trust") have entered into the Reconveyance Agreement, pursuant to which the Trustee, on behalf of the Trust, has reconveyed all of the right, title and interest of the Trust in and to the Receivables to Transferor.