Contribution of the Property Sample Clauses
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Contribution of the Property. The Contributor agrees to contribute and transfer a all if its interest in the Property (the "Transferred Property") to the Acquirer (such contribution and transfer being the "Contribution"), and the Acquirer agrees to accept the transfer of the Transferred Property pursuant to the terms and conditions set forth in this Agreement. Although the Property is encumbered by a deed of trust securing a loan (the "Property Loan") as described in Section 1.1 of the Disclosure Schedule attached hereto as Exhibit B (the "Disclosure Schedule"), the Transferred Property shall be transferred to the Acquirer free and clear of any other claim, lien, charge, security interest, mortgage, deed of trust, encumbrance, purchase right or other right of any nature whatsoever of any third party ("Liens").
Contribution of the Property. 3.1. Contribution and Exchange; “AS IS”/”WITH ALL FAULTS” Condition.
Contribution of the Property. At the Closing and subject to the terms and conditions contained in this Agreement, each Seller shall and does, effective as of the Closing, hereby assign, set over, and transfer to the Buyer, absolutely and unconditionally and free and clear of all liens, judgments and encumbrances, except for the Permitted Exceptions, all of such Seller’s right, title and interest in and to the Property, in exchange for the Purchase Price (defined below).
Contribution of the Property. In lieu of selling the Property to Buyer for the Purchase Price, Seller hereby agrees to assign, transfer and contribute its entire fee interest in and to the Property to the Joint Venture (subject only to the liens, encumbrances and other permitted exceptions to title that were previously approved by Buyer under the Purchase Agreement). The Property shall be contributed by Seller to the Joint Venture at an agreed upon value (net of all such liens, encumbrances and other permitted exceptions) of Fifteen Million Nine Hundred Fifty Thousand Eight Hundred Eighty-Six Dollars ($15,950,886) (the "Agreed Value").
Contribution of the Property