Management of Acquisition Property Sample Clauses

Management of Acquisition Property. During the period, if any, between the date of acquisition by the City of each parcel of the Acquisition Property and the delivery of the Deed for such parcel to Redeveloper pursuant to Section 9.3 hereof, the Agency shall retain POKO Management Corp. to provide for proper operation and management of all occupied properties within the Project Site owned by the City, including the making of necessary repairs to keep the buildings thereon habitable until their occupants are relocated and to serve as the managing agent on reasonable terms to be agreed upon between the Agency and POKO Management Corp. In the event the Agency and POKO Management Corp. cannot agree upon the terms upon which POKO Management Corp. will operate and manage the aforementioned occupied properties, then the Agency may engage a third party manager to manage the Acquisition Property on its behalf, with the approval of the Redeveloper, which approval shall not be unreasonably withheld, delayed or conditioned. The expenses of such operation and management of such Acquisition Property shall be incurred in accordance with the budgets approved by the Agency and the Redeveloper pursuant to Article VI, such approvals not to be unreasonably withheld, delayed or conditioned. The Redeveloper will indemnify, defend and hold harmless the City and the Agency against and from any and all claims, suits, costs, expenses, losses, liabilities, and damages, including reasonable attorneys’ fees, asserted against and/or incurred by either of them arising out of the management of the Acquisition Property by POKO Management Corp. during such period, except to the extent arising out of negligent acts or omissions of the City or the Agency. This indemnity will not be limited by insurance coverage and shall survive termination of this Agreement, and shall be separate and independent of any other provision of this Agreement.
Sample 1
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Management of Acquisition Property. During the period, if any, between the date of acquisition by the City of each parcel of the Acquisition Property and the delivery of the deed for such parcel to Redeveloper pursuant to Section 19.2 hereof, the Agency shall arrange for proper operation and management of all occupied properties within the Project Site owned by the City, including the making of necessary repairs to keep the buildings thereon habitable until their occupants are relocated. The reasonable expenses of such operation and management of such Acquisition Property, less any income derived therefrom, shall be Acquisition Expenses. The Agency may engage a third party manager to manage the Acquisition Property on its behalf, with the approval of the Redeveloper, which approval shall not be unreasonably withheld, delayed or conditioned, or the Redeveloper may elect to serve as the managing agent on reasonable terms to be agreed between the Agency and the Redeveloper, including, without limitation, an indemnity from the Redeveloper to the City and the Agency for claims arising from the Redeveloper’s management of the Acquisition Property (but excluding any claims arising from or attributable to the negligence or willful misconduct of the City or the Agency).
Sample 1

Related to Management of Acquisition Property

  • Notice to Proceed - Land Acquisition The acquisition of the Land shall not occur until the Director has issued a written Notice to Proceed for land acquisition to the Recipient (the "Notice to Proceed"). Such Notice to Proceed will not be issued until the Director has received a Request to Proceed acceptable to the Director and is assured that the Recipient has complied with all requirements for the approval of a grant under Revised Code Sections 164.20 through 164.27 and any requirements for land acquisition set forth in this Agreement, including without limitation the OPWC's approval of the proposed Deed Restrictions and Title Agent. The Notice to Proceed also shall specify the time frame for the Closing.

  • Rights of acquisition etc LR9.1 Tenant's contractual rights to renew this lease, to acquire the reversion or another lease of the Property, or to acquire an interest in other land None.

  • Land Acquisition Reimbursement for the costs associated with acquiring interest and/or rights to real property (including access rights through ingress/egress easements, leases, license agreements, or other site access agreements; and/or obtaining record title ownership of real property through purchase) must be supported by the following, as applicable: Copies of Property Appraisals, Environmental Site Assessments, Surveys and Legal Descriptions, Boundary Maps, Acreage Certification, Title Search Reports, Title Insurance, Closing Statements/Documents, Deeds, Leases, Easements, License Agreements, or other legal instrument documenting acquired property interest and/or rights. If land acquisition costs are used to meet match requirements, Xxxxxxx agrees that those funds shall not be used as match for any other Agreement supported by State or Federal funds.

  • Land Acquisition and Resettlement 8. The Borrower shall cause NHA to ensure that all land acquisition and resettlement proceed in accordance with applicable laws, and ADB’s Policy on Involuntary Resettlement, as well as in accordance with the framework set out in the agreed upon resettlement plan.

  • ENCROACHMENT/ACQUISITION The Assignee/Bank has no notice or knowledge of any encroachment or that the Government or any other authority has any immediate intention of acquiring the whole or any part of the Property for roads or any other improvement schemes and if such encroachment shall be found to exist or if the Government or any local authority has any such intention, the same shall not annul the sale or shall any abatement or compensation be allowed in respect thereof.

  • Property Acquisitions System Agency funds must not be used to purchase buildings or real property. Any costs related to the initial acquisition of the buildings or real property are not allowable.

  • Land Acquisition Disbursement To initiate the purchase of the Land, the Recipient must first complete and submit a written Request to Proceed to the Director prior to Closing. The Request to Proceed must name the proposed Title Agent and must indicate the amount of Funds requested from the OPWC for the land acquisition, including expected settlement costs, based upon the participation ratio and the amount of funds expected from any Matching Funds. The Request to Proceed must contain as attachments: (a) a copy of the proposed Deed Restrictions; (b) a copy of the executed purchase agreement with respect to, or such other agreement to convey an interest in, the Land between the Recipient and the Land owner; (c) a copy of the performed appraisal according to the specifications provided by the Director; (d) evidence satisfactory to the Director that Recipient will acquire marketable title to the Land at Closing; and (d) if the Recipient desires to elect the pre-closing option described below (i) a copy of the signed escrow agreement among Recipient, Title Agent and the OPWC, executed by Recipient and Title Agent, substantially in the form of Appendix F of this Agreement (the "Escrow Agreement") and (ii) if the Title Agent is an agent for a title insurance company, rather than a title company itself, a closing protection letter issued by the title insurance company to the OPWC. Funds for land acquisition shall be disbursed to the Recipient, as part of a grant to the Recipient pursuant to Revised Code Sections 164.20 through 164.27, pursuant to the pre-closing option and/or the reimbursement option, as described in subsections 5(a) and 5(b), respectively.

  • Project Financing B.1. The Foundation hereby agrees to fund, by Conditional Grant, the implementation of the Proposal in the maximum sum of $ or 50% of the actual expenditures on the Project, as contemplated in the Approved Project Budget, whichever is less, and at the times and as may otherwise be set forth in Annex B hereto.

  • Information Acquisition Connecting Transmission Owner and Developer shall each submit specific information regarding the electrical characteristics of their respective facilities to the other, and to NYISO, as described below and in accordance with Applicable Reliability Standards.

  • Real estate transactions You must sign the certification. You may cross out item 2 of the certification.

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