District Property Exchange Value; No Additional Consideration Sample Clauses

District Property Exchange Value; No Additional Consideration. 1.3.1.1 Xxxxxx Homes and the District agree that there is sufficient consideration for the exchange of real property under the terms and conditions in this Agreement, and no further consideration or compensation is required by either Party. The valuation (the “DP Exchange Value”) of the District Property, assuming that (a) the survey prepared in accordance with Section 2.6 determines that the District Property, in the final configuration elected by Xxxxxx Homes, is comprised of 4.28 acres; and (b) Xxxxxx Homes receives approval from the Town for twelve (12) residential lots including eleven (11) market rate homes and one (1) required by the Town to be a below market price (“BMP”) homes, shall be a total of Twelve Million Seven Hundred and Twenty Two Thousand One Hundred ($12,722,100). However, the actual final DP Exchange Value will be based upon the actual final square footage, as determined by the survey, that Xxxxxx Homes elects to purchase, and adjusted accordingly pursuant to Subsection 1.3.1.1.1 below.
AutoNDA by SimpleDocs
District Property Exchange Value; No Additional Consideration. Xxxxxx Homes and the District agree that there is sufficient consideration for the exchange of real property under the terms and conditions in this Agreement, and no further consideration or compensation is required by either Party. The District Property valuation (the “DP Exchange Value”) of Twenty-Two Million Dollars, ($22,000,000) assumes that Xxxxxx Homes’ will receive approval from the Town for 30 residential lots including 24 market rate and 6 below market rate (“BMR”) homes. However, if Xxxxxx Homes elects to purchase as part of the District Property all or a portion of the additional approximately 12,947 square feet of land illustrated on Exhibit A-1, the DP Exchange Value shall be increased by an amount equal to One Hundred Dollars ($100.00) per square foot of additional land, based on the survey referenced in Section 2.6 below. Therefore, if Xxxxxx Homes acquires all of the additional 12,947 square feet, the DP Exchange Value shall be increased by One Million, Two Hundred Ninety-Four Thousand Seven Hundred Dollars ($1,294,700) to a total of Twenty-Three Million Two Hundred Ninety Four Thousand Seven Hundred Dollars ($23,294,700); provided, however, the actual final DP Exchange Value will be based upon the actual final additional square footage that Xxxxxx Homes elects to purchase.

Related to District Property Exchange Value; No Additional Consideration

  • Additional Consideration Retrocessionaire agrees to pay under the Inuring Retrocessions all future premiums Retrocedant is obligated to pay pursuant to the terms of the Inuring Retrocessions to the extent that such premiums are allocable to Retrocessionaire in the manner set forth in Exhibit E hereto, and not otherwise paid by Retrocessionaire and to indemnify Retrocedant for all such premiums paid directly by Retrocedant, net of any ceding commissions and similar amounts paid by Third Party Retrocessionaires to Retrocedant.

  • Additional Considerations For each mediation or arbitration:

  • MEMO OF CONSIDERATION RECEIVED on the day month and year first above written of and from the within named Purchasers the within mentioned sum of Rs. /- (Rupees only)paid as and by way of full consideration in terms of these presents. Sl. No. Details Amount (Rs) 1 By cheque no. dated 2 By cheque no. dated 3 By cheque no. dated 4 By cheque no. dated 5 By cheque no. dated 6 TDS ( ) 7 By cheque no. dated TOTAL (RUPEES ONLY) WITNESSES:

  • Environmental Considerations A. Company, its officers, agents, servants, employees, invitees, independent contractors, successors, and assigns will not discharge or spill any Hazardous Substance, as defined herein, into any component of the storm drainage system or onto any paved or unpaved area within the boundaries of the Premises. In addition, Company will not discharge or spill any Hazardous Substance into any component of the sanitary sewer system without first neutralizing or treating same as required by applicable anti-pollution laws or ordinances, in a manner satisfactory to Authority and other public bodies, federal, state, or local, having jurisdiction over or responsibility for the prevention of pollution of canals, streams, rivers, and other bodies of water. Company’s discharge, spill or introduction of any Hazardous Substance onto the Premises or into any component of Authority’s sanitary or storm drainage systems will, if not remedied by Company with all due dispatch, at the sole discretion of Authority, be deemed a default and cause for termination of this Agreement by Authority, subject to notice and cure. Such termination will not relieve Company of or from liability for such discharge or spill.

  • Settlement Consideration 2. In consideration of the full settlement, satisfaction, compromise and release of the Released Plaintiffs’ Claims, an aggregate $115 million in cash (the “Escrow Amount”) shall be paid on behalf of the Settling Defendants to Freeport by the D&O Carriers. The Settling Defendants shall cause the Escrow Amount to be deposited by the D&O Carriers into an interest-bearing escrow account controlled by an agreed upon representative of Plaintiffs and of the Settling Defendants (the “Escrow Account”) within fifteen (15) business days after the Stipulation is submitted to the Court. Upon the Effective Date, the Escrow Amount, together with any and all interest thereon, shall be paid to Freeport from the Escrow Account. For the avoidance of doubt, the Settling Defendants shall have no obligation to deposit any portion of the Escrow Amount into the Escrow Account but shall have an obligation to take all reasonably available steps to seek to cause the D&O Carriers to deposit the Escrow Amount into the Escrow Account.

  • Special Considerations Special considerations in determining allowability of compensation will be given to any change in a non-Federal entity's compensation policy resulting in a substantial increase in its employees' level of compensation (particularly when the change was concurrent with an increase in the ratio of Federal awards to other activities) or any change in the treatment of allowability of specific types of compensation due to changes in Federal policy.

  • RISK CONSIDERATION There are no significant risks associated with the recommendations contained within this report. This application may be considered under existing MPS policies. Community Council has the discretion to make decisions that are consistent with the MPS, and such decisions may be appealed to the N.S. Utility and Review Board. Information concerning risks and other implications of adopting the proposed development agreement are contained within the Discussion section of this report. ENVIRONMENTAL IMPLICATIONS No environmental implications are identified.

  • FINANCIAL CONSIDERATION A. The College/University and the Facility shall each bear their own costs associated with this Agreement and no payment is required by either the College/University or the Facility to the other party, except that, where applicable, the Facility shall pay the tuition and other educational fees of students it places in the clinical experience program.

  • General Considerations a. All reports, drawings, designs, specifications, notebooks, computations, details, and calculation documents prepared by Vendor and presented to the Board pursuant to this Agreement are and remain the property of the Board as instruments of service.

  • RENT CONSIDERATION 5.1 - Rent consideration installment payments shall be made during the month for which the installment applies.

Time is Money Join Law Insider Premium to draft better contracts faster.