Land Contract Sample Clauses

Land Contract. As defined in the Recitals above.
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Land Contract. As defined in the Recitals above. Leasing Guidelines. The leasing guidelines for the Project as approved (and amended) by the Members in accordance with Section 6.12.
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Land Contract. The parties agree to enter into a Land Installment Contract providing for a $ down payment and the balance bearing interest at the rate of % per annum, and with payment of $ per PROOF month, with the entire balance due . The title evidence shall be delivered by Seller(s) at or prior to execution of the Land Installment Contract, and that any further title examination or evidence shall be at the expense of Buyer(s). The cost of preparing and recording the Land Installment Contract shall be paid by ❏ Seller(s), ❏ Buyer(s) or ❏ Split Equally. ❏ ❏ ❏ ❏ ❏ ❏ ❏ or, ❏ ❏ ow
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Land Contract. Buyer will purchase the property on land contract with a $ down payment and monthly installme nts of principal and interest in the amount of $ or more, including annual interest of percent. Buyer will pay the entire balance, which may require a lump-sum payment, within years after closing.
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Land Contract. Delivery of a Land Contract for inclusion in the Borrowing Base requires delivery to the Custodian of the following Collateral Papers, each of which must be in form and substance satisfactory to Seasoned Warehouse Agent, in the following manner:
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Land Contract. It is understood that simultaneously with the execution of this Agreement, the Seller herein shall purchase certain land as set forth in the contract attached hereto as EXHIBIT D ("the Land Contract"). In the event that this Agreement and the attached agreement are not simultaneously executed and the purchase of the land completed as set forth in the attached contract, this Agreement shall be terminated and the Purchaser shall be relieved of any obligation hereunder.
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Land Contract. If this Agreement provides for a land contract both Parties agree to execute a State Bar of Wisconsin Form 11 114 Land Contract, the terms of which are incorporated into this Agreement by reference. Prior to execution of the land contract Grantor shall 115 provide the same evidence of merchantable title as required above and written proof, at or before execution, that the total underlying 116 indebtedness, if any, is not in excess of the proposed balance of the land contract, that the payments on the land contract are sufficient 117 to meet all of the obligations of Grantor on the underlying indebtedness, and that all creditors whose consent is required have consented 118 to the land contract sale. Grantor may terminate this Agreement if creditor approval cannot be obtained. Grantor may terminate this 119 Agreement if Grantee does not provide a written credit report which indicates that Grantee is credit worthy based upon reasonable 120 underwriting standards within 15 days of acceptance. Grantee shall pay all costs of obtaining creditor approval and the credit report. . 121 PROPERTY ADDRESS: [page 3 of 6, WB-35] CHECK ONE 122 Note: The contingency at line 123 is part of this Offer if marked, such as with an “x,” it is not if not so marked or marked N/A. 123 124 FINANCING CONTINGENCY: This Agreement is contingent upon ■ First Party ■ Second Party the purpose of this contingency) being able to obtain: (“Borrower” for STRIKE ONE INSERT LOAN PROGRAM CHECK APPLICABLE FINANCING BELOW 125 ■ land contract financing from the Other Party at closing as further described at lines 128 to 147 and 113 to 120. 126 ■ a (fixed) (adjustable) rate 127 first mortgage loan commitment as further described at lines 128 to 141 and 97 to 112, within days of acceptance of this Offer. 128 The financing selected shall be in an amount of not less than $ for a term of not less than years, amortized 129 over not less than years. If the purchase price under this Offer is modified, the financed amount, unless otherwise 130 provided, shall be adjusted to the same percentage of the purchase price as in this contingency and the monthly 131 payments shall be adjusted as necessary to maintain the term and amortization stated above. 132 IF FINANCING IS FIXED RATE the annual rate of interest shall not exceed % and monthly payments of principal and 133 interest shall not exceed $ . 134 IF FINANCING IS ADJUSTABLE RATE the initial annual interest rate shall not exceed %. The initial interest rate s...
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Related to Land Contract

  • Construction Contract If federal funds are included as part of the financing of the non-OPWC portion of the Project, federal law may prevail, including, but not limited to, application of Xxxxx Xxxxx prevailing wage rates, the Xxxxxxxx “Anti-Kickback” Act, the Contract Work Hours and Safety Standards Act, and any federal environmental regulations. Recipient is solely responsible for ensuring compliance with federal requirements applicable to its Local Subdivision Contribution. Notwithstanding the above, the following provisions apply to construction contracts under this Agreement:

  • Leases and Contracts Schedule 8(f) is a list of all Leases and Contracts relating to the Facility to which Seller is a party or by which Seller may be bound. Seller has made or will promptly make available to Buyer true, complete and accurate copies of all Leases and Contracts including, without limitation, any modifications thereto. All of the Leases and Contracts are in full force and effect without claim of material default there under, and, except as may be set forth on Schedule 8(f).

  • Construction Contracts Item A: Enter the total dollar amount of all contacts awarded on the project/ program. Item B: Enter the total dollar amount of contracts connected with this project/program that were awarded to Section 3 businesses.

  • Project contract 1. For each approved project a project contract shall be concluded between the Programme Operator and the Project Promoter.

  • Operating Leases Not permit the aggregate amount of all rental payments under Operating Leases made (or scheduled to be made) by the Loan Parties (on a consolidated basis) to exceed $1,000,000 in any Fiscal Year.

  • Assignment Amendments Waiver and Contract Complete 032620-FDX

  • Operating Lease Without Lender’s prior written consent, Borrower shall not permit Mortgage Borrower or Property Owner to (a) surrender, terminate or cancel the Operating Lease; (b) reduce or consent to the reduction of the term of the Operating Lease; (c) increase or consent to the increase of the amount of any charges under the Operating Lease; (d) modify, change, supplement, alter or amend the Operating Lease or waive or release any of Borrower’s or Property Owner’s rights and remedies under the Operating Lease, except as contemplated in connection with a Restructuring; or (e) waive, excuse, condone or in any way release or discharge Operating Lessee of or from Operating Lessee’s material obligations, covenants and/or conditions under the Operating Lease, except to the extent such Operating Lessee’s obligations are assumed in connection with a Restructuring. Notwithstanding the foregoing provisions of this Section 5.2.12 to the contrary, Borrower may cause or permit Mortgage Borrower and Property Owner to amend the Operating Lease without Lender’s prior written consent as follows: (i) in connection with a Release Prepayment, the Operating Lease shall be amended (or deemed amended) to (x) terminate the Operating Lease with respect to the applicable Released Property and (y) reduce the amount of Minimum Rent (as defined in the Operating Lease) by the amount of Minimum Rent allocable to such Released Property as set forth in the Operating Lease; (ii) increase or reduce the amount of Percentage Rent (as defined in the Operating Lease) payable under the Operating Lease; and (iii) increase or reduce the amount of Minimum Rent payable under the Operating Lease; provided, that in the case of an increase in Minimum Rent, such Minimum Rent shall only be increased to the then fair market value, based on transfer pricing studies conducted by an Independent CPA reasonably acceptable to Lender (any “Big 4” Independent CPA being deemed acceptable).

  • Service Contract The Parties intend this Agreement to be a "service contract" within the meaning of Section 7701(e)(3) of the Internal Revenue Code of 1986.

  • Equipment; Leasehold (a) All material items of equipment and other tangible assets owned by or leased to the Company are adequate for the uses to which they are being put, are in good condition and repair (ordinary wear and tear excepted) and are adequate for the conduct of the Company's business in the manner in which such business is currently being conducted.

  • Assignment of Contract A. Unless expressly agreed to elsewhere in the Contract, no assignment by a party hereto of any rights under or interests in the Contract will be binding on another party hereto without the written consent of the party sought to be bound; and, specifically but without limitation, money that may become due and money that is due may not be assigned without such consent (except to the extent that the effect of this restriction may be limited by law), and unless specifically stated to the contrary in any written consent to an assignment, no assignment will release or discharge the assignor from any duty or responsibility under the Contract Documents.

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