Examples of Unit Purchaser in a sentence
Notwithstanding anything herein to the contrary, it is hereby expressly acknowledged, understood and agreed that no section or provision of this Article VIII shall be applicable to, or otherwise enforceable against, any Unit Purchaser that in accordance with Applicable Law is not otherwise required to be an Urban Renewal Entity.
The conveyance of a Unit which is authorized under this Financial Agreement to a bona fide purchaser shall not require consent or approval of the Township, however the Unit Purchaser shall acquire title to the Unit subject to the requirement for payment of the Annual Service Charge and other provisions of this Financial Agreement expressly applicable to Unit Purchasers, and the exemption from taxation as to the Unit shall continue unaffected by the transfer.
The requirement to assume the obligations of this Financial Agreement shall be an express condition in any deed transferring a Unit to a Unit Purchaser.