Purchase of Land Clause Examples

Purchase of Land. Except as authorized under subparagraph (C), funds shall be used to purchase lands or interests therein that are otherwise authorized by law to be acquired, and that are— (i) inholdings; and (ii) adjacent to federally designated areas and con- tain exceptional resources.

Purchase of Land a) The Vendor warrants that it has entered into an unconditional contract for the purchase of the property from the current registered proprietor and has been granted possession of the property for the purposes of construction of the House. Settlement of the purchase of the property from the current registered proprietor will take place on the same day as the Settlement Date. b) Plans for the House have been approved in accordance with clause 2.1 of the land covenant registered on the Title to the property and the Vendor will comply with all terms and conditions in its purchase contract with the current registered proprietor and all conditions of any Consent Notice registered on the title to the property.

Purchase of Land. 9.1.1 AP shall procure that the Company will purchase and acquire the Land from Balkan AD for a total purchase price of EUR [*] (“Land Purchase Price”), of which the amount of EUR [*] will be the price for the acquisition by the Company of Plot 1 and of which the amount of EUR [*] will be the price for the acquisition by the Company of Plot 2, by no later than 31 January 2022 allowing the commencement of construction works and obtaining the relevant permits with regard to the Factory. The acquisition will be in the form of a notarial deed in agreed form to be delivered and executed between the Company and Balkan AD before a notary public in Lovech, Bulgaria. Each Party will procure that the Company obtains all necessary corporate actions to enter into the notarial deed and give effect to the sale and purchase of the Land. 9.1.2 In case the Bank Loan is, or the Bank Loans are not granted and sufficiently paid out enabling the Company to pay the Land Purchase Price, funding of the land acquisition shall be covered by AP by way of a non-convertible subordinated shareholder loan (“Land Purchase SH-Loan”) at arm’s length terms and conditions in the same amount of the Land Purchase Price. 9.1.3 In the event that the Bank Loan or Bank Loans are granted until 30 April 2022 and sufficiently paid out to the Company after the land purchase has been executed and fully closed, the Land Purchase SH-Loan shall be fully repaid by the Company to AP within 30 days after receiving the Bank Loan or Bank Loans. 9.1.4 Shall (i) the Company not be granted a Bank Loan or the Bank Loans until 30 April 2022 or other later date as may be agreed between the Parties and/or (ii) if the Parties were not able to organize alternative sufficient funding until 30 August 2022 or other later date as may be agreed between the Parties and/or (iii) the Parties have decided not to continue the Project, the Company shall (a) transfer the Land to AP within 30 days and (b) for which AP in turn will fully waive the Land Purchase SH-Loan (incl. any accrued interest). For the avoidance of doubt, if (i) and (ii) materialises, the License Agreement shall be automatically terminated and the obligations arising or in connection with from the License Agreement become null and void, it being understood and agreed that the license fee shall not be due and payable by the Company. The same automatic termination of the License Agreement applies in the event of (iii).

Purchase of Land a) The Vendor warrants that it has entered into an unconditional contract for the purchase of the property from the current registered proprietor and has been granted possession of the property for the purposes of construction of the House. Settlement of the purchase of the property from the current registered proprietor will take place on the same day as the Settlement Date.

Purchase of Land. Conditions. Prior to exercising the Purchase ---------------------------- Option, Rocky Mountain may request that Thermo enlarge the Purchase Option to encompass the right to also purchase all of Thermo's right, title, and interest in the Land. Thermo shall do so if Rocky Mountain determines, in Rocky Mountain's discretion reasonably exercised, that Rocky Mountain is unable to obtain commercially reasonable financing for purchase of the Facility without also purchasing the Land, and if Rocky Mountain provides to Thermo reasonable assurances that if the Purchase Option is enlarged Rocky Mountain will in fact proceed to purchase the Leased Premises, including the Land. In such event, the Option Purchase Price for the Leased Premises shall be increased by adding thereto an amount equal to the unencumbered fair market value of the Land (determined as if there were no improvements thereon) as of the date the Purchase Option is exercised, and upon payment of such increased Option Purchase Price Thermo shall, at the closing, also convey the Land to Rocky Mountain in the same manner and subject to the terms and conditions provided in paragraph 5.3. Rocky Mountain shall have no right or option to purchase the Land separate and apart from, or later than, the purchase by Rocky Mountain of the Facility through exercise of the Purchase Option. Should it become necessary to determine the fair market value of the Land by appraisal pursuant to paragraph 5.7, the date for closing may be extended to the extent necessary to complete the appraisal process.

Purchase of Land. Landlord and Tenant hereby acknowledge and agree that the effectiveness of this Lease is contingent upon Landlord acquiring the real property required to develop the Premises by October 16, 1998, and Landlord shall use commercially reasonable efforts to effectuate the acquisition of the real property required to develop the Premises by October 16,

Purchase of Land. Landlord agrees to purchase from Tenant the property described in Exhibit "A" and will pay Tenant therefor the sum of $575,000.00, or such other amount as may be certified to by Tenant as being its total cost, including commissions, attorneys' fees, closing costs and other expenses in acquiring the property; provided, however, that to the extent that such costs may vary from $575,000.00, such difference in land cost shall be used in determining the rent as provided in Exhibit "B", Section 10(b). Closing of said purchase of said property shall occur within seven (7) days following the execution of the lease. Tenant agrees to assign to Landlord the obligations relating to the installation of the water line which Tenant acquired in connection with its purchase of said property. Landlord and Tenant agree to cooperate in regard to the acquisition of the title to said property so as to minimize the expense and avoid the unnecessary duplication of title insurance policies and documentary or transfer stamps. Landlord agrees to accept conveyance of said property subject to the conditions of title affecting the title set forth on the attached binder as Exhibit "D" to this lease; otherwise free and clear of all liens and encumbrances.

Purchase of Land. The Purchaser or one of its affiliates shall ---------------- use commercially reasonable efforts to purchase or acquire, within five (5) years following the Closing, the parcels of property described in Section 4.26 of the Disclosure Letter.

Purchase of Land. The company named SCI LES EDELWEISS holds a unilateral promissory purchase agreement for various parcels of building land in the locality of ‘Sagne et les ▇▇▇▇▇▇’ in VAUJANY (Isère county, France) consisting of a total registered surface area of 5,903 sq. m. of land and constituting the plot for the entire building complex to be built. This land is currently registered on the land registry of the VAUJANY Commune under the following references: Section N° Locality Surface area F 407 SAGNE ET LES ▇▇▇▇▇▇ 1014 sq. m. F 839 SAGNE ET LES ▇▇▇▇▇▇ 3549 sq. m. F 841 SAGNE ET LES ▇▇▇▇▇▇ 1340 sq. m.