Acquisition Certification Sample Clauses
The Acquisition Certification clause serves to formally confirm that all necessary approvals and due diligence have been completed in relation to an acquisition. Typically, this clause requires the acquiring party to certify that it has obtained all required consents, complied with relevant laws, and verified the accuracy of key information before finalizing the transaction. By including this certification, the clause helps ensure that both parties are protected from unforeseen legal or regulatory issues, thereby reducing the risk of disputes and facilitating a smoother transfer of ownership.
Acquisition Certification. In connection with any draw, Borrower shall submit a Borrowing Base certificate to confirm the sufficiency of the Borrowing Base for the requested advance.
Acquisition Certification. All applicants must sign #1 or #2, as applicable, and sign the Relocation Certification below:
1. I certify that I will follow the federal regulations when acquiring property (including permanent easements) either on an involuntary or a voluntary basis, including the Uniform Relocation and Real Property Acquisition Policies Act of 1970 as amended (the Uniform Relocation Act), the Acquisition and Relocation requirements in the HUD Handbook 1378, and the OHCP acquisition and relocation requirements.
A. Involuntary acquisition: I will follow the procedures described in Chapter 5 of HUD Handbook 1378,
B. Voluntary acquisition: I will follow the procedures described in Chapter 5 of HUD Handbook 1378. I understand that federal regulations require that for real property acquired voluntarily, I must inform the seller in writing:
i. That this is a voluntary, arm's length transaction and the power of eminent domain will not be used; that the property will only be acquired by a mutual agreement between the buyer and seller; and
ii. Of the property's estimated fair market value. Should I fail to provide timely notices to sellers, I will be responsible for any future claims made by such sellers for increased acquisition costs. (Signature of Applicant and Date)
Acquisition Certification. Response shall submit to Agent an Acquisition Compliance Certificate in the form attached hereto as Exhibit 1.2 within the time periods set forth therein.
Acquisition Certification. Borrower shall submit to Agent an Acquisition Compliance Certificate in the form attached hereto as Exhibit 1.2 within the time periods set forth therein.