Purchase of the Property. The Owner shall have purchased good record, marketable fee simple title to the Property as set forth in Section 1.1.
Purchase of the Property. On or prior to the Closing Date (as defined in Section 13(a)), and subject to the terms and conditions set forth in this Agreement, Seller shall sell, transfer, assign and convey to Purchaser, and Purchaser shall purchase and accept the sale, transfer, assignment and conveyance from Seller of, and assume the obligations of Seller arising from or otherwise relating to, the following:
Purchase of the Property. Subject to the conditions contained herein, and without limitation of the Lessee's purchase obligation pursuant to Section 18.2 or 18.3, the Lessee shall have the irrevocable option on any Business Day to purchase any or all of the Properties subject to this Master Lease (the "Purchase Option") at a price equal to the aggregate Property Balances of the relevant Properties on the date of such purchase (the "Purchase Option Price"). The Lessee's exercise of its option pursuant to this Section 18.1 shall be subject to the following conditions:
Purchase of the Property. If Tenant purchases the Property from Landlord pursuant to any of the terms of this Lease, Landlord shall, except as otherwise expressly provided, upon receipt from Tenant of the applicable purchase price, together with full payment of any unpaid Rent due and payable with respect to any period ending on or before the date of such purchase, deliver to Tenant an ALTA Owner Policy of Title Insurance or such equivalent policy of title insurance as may be available in the State, together with such endorsements, reinsurance agreements and direct access agreements as Tenant may reasonably request, together with an appropriate special warranty deed or other conveyance conveying marketable fee simple title in and to the Property to Tenant in the condition set forth in Article XXVI, except that the Property shall be free and clear of all mortgages and encumbrances other than (a) those Tenant has agreed hereunder to pay or discharge, (b) those mortgages which Tenant has agreed in writing to accept and to take title subject to on the date the Property was originally conveyed to Landlord and which are not in default, (c) encumbrances required to be imposed on the Property under Section 8.3, and (d) any other encumbrances permitted to be imposed on the Property under the provisions of Article XXVII which are assumable at no cost or expense to Tenant or to which Tenant may take subject without cost or expense to Tenant. The difference between the applicable purchase price and the total amount of the encumbrances assumed or taken subject to, if a positive number, shall be paid in cash to Landlord or as Landlord may direct, in federal or other immediately available funds, unless otherwise mutually agreed by Landlord and Tenant; provided, Landlord shall be obligated to pay to Tenant in cash any negative difference between the applicable purchase price and the total amount of the encumbrances so assumed or taken subject to by Tenant. All reasonable expenses of conveying the Property to Tenant, including, without limitation, the cost of the aforementioned title insurance and attorneys' fees incurred by Landlord in connection with such conveyance and release, and documentary transfer and similar taxes, recording fees and expenses of Tenant's counsel, shall be paid by Tenant.
Purchase of the Property. Seller shall sell and transfer the Property to Purchaser, and Purchaser shall purchase the Property from Seller, on the terms and conditions set forth in this Agreement.
Purchase of the Property. The Owner shall have purchased good record, marketable fee simple title to the Property as set forth in Section 1.1 by not later than the closing of the Project Loan.
Purchase of the Property. The Owner shall have purchased good and indefeasible fee simple title to the Property as set forth in Section 1.1.
Purchase of the Property. Buyer agrees that it has identified the Property as one that it wishes the Seller to purchase from the Current Owner. Seller agrees to purchase the Property from the Current Owner at the price and pursuant to the Sale Contract negotiated by Buyer and acceptable to the Seller. Buyer agrees to assign the Sale Contract to Seller immediately before Seller purchases the Property. Unless the Buyer and the Current Owner agree otherwise, Seller will purchase the Property from the Current Owner “as is” with no contingencies. Buyer will pay any xxxxxxx money from its own funds necessary to reserve the Property for purchase by the Seller.
Purchase of the Property. The Customer hereby irrevocably and unconditionally sells the Property to the Financier and the Financier hereby purchases the Property, free from all encumbrances but subject to those conditions of title express or implied and the restrictions in interest, if any, affecting the Property for the purchase price amount equals to the total amount of the Facility, upon terms and conditions contained herein.
Purchase of the Property. 52 19.2 Failure to Close Purchase...................................... 53 ARTICLE
