Purchase and Sale of Property. Subject to and in accordance with the ----------------------------- terms and provisions of this Agreement, Seller hereby agrees to sell to Purchaser and Purchaser hereby agrees to purchase from Seller, the Property, which term "Property" shall mean and include the following:
Purchase and Sale of Property. Subject to the terms and conditions set forth in this Agreement, on the Closing, Seller shall sell, convey, assign, transfer and deliver to Buyer, and Buyer shall purchase from Seller, all of the following property (collectively, the “Property”):
Purchase and Sale of Property. On the terms and conditions stated in this Agreement, Seller hereby agrees to sell to Purchaser and Purchaser hereby agrees to purchase from Seller all of the following described property (collectively, the “Property”):
Purchase and Sale of Property. 2.1 Seller agrees to sell and convey the Property to Purchaser and Purchaser agrees to purchase the Property from Seller, in accordance with the terms and conditions set forth in this Purchase Contract.
Purchase and Sale of Property. On the terms and subject to the conditions of this Agreement, Seller agrees to sell the Property to Buyer, and Buyer agrees to purchase the Property from Seller all as hereinafter provided. Notwithstanding any other provision of this Agreement, there shall be excluded from the Property being conveyed hereunder the Excluded Property.
Purchase and Sale of Property. In consideration of the covenants, representations and obligations of Buyer hereunder, and subject to the conditions set forth in this Agreement, Seller agrees to sell, transfer and assign, and Buyer agrees to purchase, the Property as of the date of the initial closing of the sale and issuance of the Series Interests pursuant to the offering circular (“Offering”) filed with the SEC pursuant to Regulation A, in the form previously shared with Seller (the “Effective Date”).
Purchase and Sale of Property. On the terms and subject to the conditions set forth in this Agreement, Seller hereby agrees to convey, transfer and assign to Purchaser, on the Closing Date (as defined in Section 3 below), Seller's entire right, title and interests in and to the Property for an aggregate amount equal to Four Million Forty-Four Thousand Eighty-Two and 12/100 Dollars ($4,044,082.12)(the "Purchase Price"). The Purchase Price shall be paid to Seller as follows: (a) on the Closing Date Purchaser shall pay Seller the sum (the "Cash Portion") of One Million and no/100 Dollars ($1,000,000.00), which Cash Portion shall be paid by wire transfer of immediately available funds to an account designated by Seller, and (b) on the Closing Date, Purchaser shall deliver to Seller a promissory note (the "Note") substantially in the form of Exhibit C attached hereto, payable to the order of Seller in the original principal amount of Three Million Forty-Four Thousand Eighty-Two and 12/100 Dollars ($3,044,082.12) The repayment of the Note and the obligations of Purchaser under this Agreement and the Development Agreement shall be guarantied (a) by AH Michigan Subordinated, LLC ("AH Subordinated"), an Ohio limited liability company and the owner of a ninety-nine percent (99%) limited partnership interest in Purchaser and the owner of all of the issued and outstanding stock of AH Michigan CGP, Inc. ("AH CGP"), an Ohio corporation and the owner of a one percent (1%) general partnership interest in Purchaser, and (b) by AH CGP, in each case pursuant to a non-recourse Guaranty (the "Guaranty"), with all of the obligations of AH Subordinated and AH CGP under the Guaranty being secured by a pledge of all of the interests in Purchaser held by AH Subordinated and AH CGP. Except as expressly contained herein, Seller shall be solely responsible for all closing costs in connection with the transaction contemplated by this Agreement (the "Closing Costs"). In addition to the Purchase Price, Purchaser shall assume and agrees to pay, in accordance with the terms of the Development Agreement, all costs, expenses and obligations incurred by Seller through and including the Closing Date in connection with the development and construction of the Facility which have not been paid as of the Closing Date, which costs, expenses and obligations include, but are not necessarily limited to, retainage held back from the Contractor pursuant to the Construction Contract ($99,609.40 as of February 28, 1998) and accrued dev...
Purchase and Sale of Property. Seller agrees to sell and convey the Property to Buyer, and Buyer agrees to buy and pay Seller for the Property. The promises by Buyer and Seller stated in this contract are the consideration for the formation of this contract.
Purchase and Sale of Property. (1) Bankruptcy: Seller has filed for bankruptcy protection. Any purchase and sale agreement for the sale of the Property will need to be conditioned upon the approval of the bankruptcy court.
Purchase and Sale of Property. Subject to the terms and conditions of this Agreement, Seller shall sell and convey and Purchaser shall purchase the following described property (all of which is hereinafter collectively referred to as the “Property”):
