Examples of Real Property in a sentence
If during the Lease Purchase Release Period, Seller determines that it is able to obtain fee title to the Real Property and to release the Lease Purchase Agreement and the Indenture from the Real Property, Seller will provide the City with written notice of that fact (the “Seller Notice”) and Seller shall cause the Trustee to convey the Real Property to Seller and release the Real Property from the Lease Purchase Agreement and the Indenture no later than the Escrow Date.
Within ten (10) business days following the date of the Seller Notice, Seller shall provide to the City (i) a current title insurance policy commitment for the Property issued by the Title Company and best available copies of all instruments or documents identified therein (the “Commitment”) and (ii) a copies of any existing surveys of the Real Property in its possession.
If applicable, DEVELOPER agrees to assist the GRANTOR to provide relocation assistance to persons temporarily relocated or permanently displaced at the levels described in and in accordance with the requirements of the Uniform Relocation Assistance and Real Property Acquisition Policies Act of 1970 (URA) (42 U.S.C.4201 to 4655) and 49 CFR, Part 24 and Section 104(d) of the Housing and Community Development Act, as applicable.
The Real Property and the items described in subparagraph (b) will be conveyed by quitclaim deed in the form attached hereto as Exhibit 2 and incorporated herein by this reference, (the “Deed”).
If the Seller determines that it is unable to obtain fee title to the Real Property and the release of the Real Property from the Lease Purchase Agreement and the Indenture under terms acceptable to Seller in its sole and absolute discretion, then at any time prior to the expiration the Lease Purchase Release Period, Seller may terminate this Agreement by written notice to the City.