Examples of Xxxx Property in a sentence
In witness thereof the parties hereto have set their respective hands on the date and year first above written in the presence of witnesses.
Until the construction financing for the Project closes, or earlier, if the DDA consents, the DDA 000 Xxxxx Xxxx Property shall not be mortgaged, pledged or have any liens or encumbrances placed thereon; evidence of this restriction shall be filed with the Register of Deeds if transfer to the Developer takes place prior to the closing on the Developer’s construction financing.
The portion of the DDA 000 Xxxxx Xxxx Property transferred to the Developer shall be used in the development of Building A; provided that, should Developer be unable to obtain all of its required approvals, permits, and incentives for the construction of Building A, the Land Transfer Agreement shall terminate with no further obligation of either party except those that are specified in the Land Transfer Agreement.
The Developer, the DDA, and the City shall enter into a written agreement, the “Land Transfer Agreement” (Exhibit F), which describes the transfer of one-third, approximately 2,249 square feet, of the DDA 000 Xxxxx Xxxx Property to Developer for the development of Building A and the remaining two-thirds of the DDA 000 Xxxxx Xxxx Property to the City for the realignment of Xxxxxx Avenue and the expansion of the City parking lot on the northwest corner of Abbot Road and Xxxxxx Avenue.
The portion of the DDA 000 Xxxxx Xxxx Property necessary for the construction of Building A shall be transferred to the Developer by the DDA in accordance with the terms of this Agreement and a Land Transfer Agreement attached hereto as Exhibit F.