Real Estate Transaction. This Letter of Intent is for the ☐ purchase ☐ lease of the Property (the “Real Estate Transaction”).
Real Estate Transaction. Subject to the conditions set forth in Section 11 below and provided that the Agent shall have received (in each case in form and substance acceptable to the Agent) with respect to the 83 Property (a) a Mortgage, Assignment of Rents and Security Agreement, (b) an environmental indemnity agreement, (c) an American Land Title Association (“Alta”) lender’s policy of title insurance in form customary in the jurisdiction in which the 83 Property is located, (d) a survey of the 83 Property prepared by a surveyor duly licensed by the State of Connecticut, substantially complying with the applicable ALTA standards for a land title survey and (e) an opinion of Xxxxxxx Xxxxxxx, General Counsel of Gerber together with such other documents and certificates as the Agent may reasonably request, the Majority Lenders hereby waive the provisions of Section 9.4 of the Credit Agreement as they apply to the Real Estate Transaction and consent to the Real Estate Transaction.
Real Estate Transaction. Simultaneously with the Closing hereof, Seller and Store Capital Acquisitions, LLC, or one of its affiliates (together, “Store Capital”), shall close upon a transaction whereby Seller shall sell the buildings and land located at 000 Xxxxxxxxx Xxxx, Xxxxxxxx, North Carolina 28166 and 000 Xxxxxxxx Xxxx, Statesville, North Carolina 28677 (collectively, the “Real Property”) to Store Capital for a purchase price of FIVE MILLION AND 00/100 DOLLARS ($5,000,000.00). Buyer will subsequently lease back the Real Property from Store Capital. Seller and Buyer acknowledge and agree that the consummation of the sale of the Real Property from Seller to Store Capital is a condition precedent to Seller’s and Buyer’s obligation to close the transactions contemplated by this Agreement.
Real Estate Transaction. (a) The transactions contemplated by the Real Estate Documents (as defined below) shall be consummated on or prior to January 31, 2006 in accordance with the terms of the Real Estate Documents, (b) all the conditions precedent shall have been satisfied such that Borrower shall have access to or have borrowed at least $7,000,000 pursuant to such Real Estate Documents and (c) Borrower, Rodfre Holdings LLC and Bank shall have entered into a Subordination Agreement in the form of Exhibit A hereto (the “Subordination Agreement”).”
Real Estate Transaction. Following consummation of the Equity Purchase Transaction, Landing Rock shall assign to Purchaser, and Purchaser shall assume from Landing Rock, all of Landing Rock's right, title and interest in and to the Real Estate Purchase Agreement, free and clear of all Liens and otherwise pursuant to the terms and conditions of that certain Assignment and Assumption of Real Estate Purchase Agreement attached hereto as Exhibit C (the "Real Estate Transaction"). The Management Contract Assignment Transaction, Equity Purchase Transaction and Real Estate Transaction are referred to herein collectively as the "Transactions").
Real Estate Transaction. The Borrower has delivered to the Administrative Agent and the Lenders a transaction process timeline prepared by the Borrower with respect to a real estate transaction involving certain real property owned by various Credit Parties as set forth in the Borrower’s communications with the Administrative Agent prior to the date hereof (also referred to herein as the “Real Estate Transaction”). The Borrower and the applicable Credit Parties agree to comply with the terms and conditions for the Real Estate Transaction set forth in paragraph 5 of Schedule A attached to this Agreement and made a part of this Agreement.
Real Estate Transaction. The transactions contemplated by the Real Estate Purchase Agreement shall be consummated on the Closing Date simultaneous with the Closing.
Real Estate Transaction. Buyer and COG shall have concurrently either closed the Real Estate Contract or shall have entered into a lease with respect to the Real Estate as contemplated by Section 6.5 of this Agreement.
Real Estate Transaction. Simultaneously with the Closing hereof, Seller and Store Capital Acquisitions, LLC, or one of its affiliates (together, “Store Capital”), shall close upon a transaction whereby Seller shall sell the buildings and land located at 1000 X. Xxxxxxxxxx Xxxxx, Xxxxxxx, XX 00000, consisting of approximately 284,000 square feet of buildings and 31 acres of land (collectively, the “Property”) to Store Capital. Buyer will subsequently lease back the Property from Store Capital. For a period of five (5) years after Closing, Buyer shall make available to the Seller an office inside the Property with lockable furniture where the Seller shall be entitled to store its corporate books and records, correspondence and other relevant company documents. The Seller, through its representatives or consultants, shall have access, at no cost to Seller, to such office during normal working hours at any time during the five (5) years period after Closing by giving to the Buyer forty-eight (48) hours prior written notice, to inspect such documents.
Real Estate Transaction. The parties have agreed in concept for the County to sell and the City to buy a tract of land consisting of approximately 62,340 square feet at a price of $15.00 per square foot, which is described as Lot 1 Combined Law Enforcement Facility Subdivision, A Replat of Xxx 0, Xxxxx 0, Xxxxx Subdivision (“City Parcel”). County shall also sell and the City shall purchase a parking and access easement appurtenant to the City Parcel. The parties shall contemporaneously with the execution of this IGA enter into a contract to buy and sell vacant land in substantially the form of the attached Exhibit “B”. The purchase price for the City parcel shall be $935,100. The purchase price shall be inclusive of the City Parcel, the parking and access easement, water rights, a water use agreement, licenses or easements necessary to the irrigation of landscaping of the City Parcel. This sum shall be paid to the County at closing.
