Real Property Transfer Sample Clauses

Real Property Transfer. During the Interim Period, Sellers and the El Salvador Acquired Companies Country Segment shall be permitted to undertake the plan set forth in Schedule 5.13 of the Seller Disclosure Schedules and any ancillary actions as may be necessary or advisable to effect the purpose of such plan, other than such action as would reasonably be expected to have, individually or in the aggregate, a material and adverse effect on an Acquired Company. If the plan set forth in Schedule 5.13 has not been completed prior to the Closing, Purchasers shall use Reasonable Best Efforts to cause such plan to be fully executed as soon as reasonably practicable following the Closing.
Sample 1
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Real Property Transfer. Prior to the Closing, Company may repay to Monroe Bank and Trust (the “Real Property Lender”) the amounts outstanding under the Commercial Promissory Note dated November 6, 2008 issued by the Company and Real Property Lender which is secured by the real property located at 0000 X. Xxxx Road, Monroe, Michigan (the “Monroe Property”) in an amount not to exceed $138,000 only if, upon such repayment all liens are removed from the Monroe Property. Upon Parent’s receipt of: (i) confirmation that such loan has been repaid in full and all liens are removed from the Monroe Property and (ii) documentary evidence that Company has all requisite manager and Company Equity Holder approval, as required under the Operating Agreement and applicable law, Company shall assign the Monroe Property to PEI Inc..
Sample 1
Real Property Transfer. On the Closing Date, Sellers shall deliver to Buyer warranty deeds conveying to Buyer good, marketable, and insurable title to the Real Property, subject only to the Permitted Exceptions. Seller shall pay the Wisconsin Real Estate Transfer fee owing in connection with the Real Property. On or before the Closing Date, Seller shall provide at Seller's cost an owner's policy of title insurance issued by First American Title Insurance Company (the "Title Company") subject only to the Permitted Exceptions. Seller agrees to execute such customary documents, certificates, and/or affidavits as required by the Title Company to allow the Title Company to issue the title policy contemplated herein.
Sample 1
Real Property Transfer a. Within 90 days of the execution of this agreement by the parties, the County shall transfer to the City title to certain real property the County currently owns located generally along the south side of Imperial Highway east of Valencia Ave. and comprising of approximately 1.5 acres in total area. (See Exhibit B attached) The City's intent is to complete a beautification project on this property, at the City's sole expense, to complement improvements planned for the north side of Imperial Highway. Any normal processing costs, transfer fees or other charges associated with the transfer of title to real property shall be the responsibility of the County excluding title reports, insurance certificates, hazardous materials studies or any other special reports requested by the City, which shall be the responsibility of City. The County's cost shall be limited to the costs of County staff time and overhead involved in preparing the documents and the legal descriptions of the property as well as any costs and fees associated with the recording of the deeds.
Sample 1
Real Property Transfer. At or immediately following the Closing, Seller shall take all steps required to be taken by a transferor of freehold land to transfer the Owned Real Property to Buyer and Buyer will take all steps required to be taken by a transferee of freehold land to take a transfer of the Owned Real Property from Seller (to the extent such steps have not been taken prior to Closing).
Sample 1
Real Property Transfer. The transfer of any and all fee-owned real property shall be subject to the terms and conditions of that certain [Describe Deed] dated the date hereof between the Contributor and the Recipient and if any inconsistency shall exist between this Agreement and that certain [Deed], such [Deed] shall control. The Contributor shall be responsible for the recording of all such deeds and related transfer taxes.]
Sample 1
Real Property Transfer. Borrowers currently own the Mortgaged Property which Borrowers intend to sell and convey (the “Real Property Transfer”) to a third-party transferee (the “Transferee”) on or before October 31, 2016 (the “Transfer Date”), and upon comsummation and closing of the Real Property Transfer, Bank shall release its liens and mortgages on those certain parcels of real property that are the subject of the Real Property Transfer, subject to Bank’s review and approval of the Real Property Transfer, and provided that the proceeds from such sale are applied to pay the Term Note in full, with the remainder to pay down the outstanding principal balance due under the Line Note. In connection with and prior to the Real Property Transfer, Borrowers intend to enter into certain lease agreements with Transferee (the “Leases”) whereby Borrowers will lease back from Transferee the Mortgaged Property. In the event Borrowers determine or become aware that the Real Property Transfer will not be consummated on or before the Transfer Date, for any reason whatsoever, Borrowers shall deliver written notice to Bank of the same, and the date of such notice shall constitute the Transfer Date hereunder.
Sample 1
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Related to Real Property Transfer

  • Property Transfer I transfer all or a substantial part of my money or property.

  • Real Property Interests Except for the ownership, leasehold or other interests set forth in the Information Certificate, no Credit Party has, as of the Closing Date, any ownership, leasehold or other interest in real property.

  • Real Property (a) The Company does not own any real property.

  • Owned Real Property The Company does not own any real property.

  • Leasehold Interests Each lease or agreement to which the Company is a party under which it is a lessee of any property, real or personal, is a valid and subsisting agreement without any default of the Company thereunder and, to the best of the Company's knowledge, without any default thereunder of any other party thereto. No event has occurred and is continuing which, with due notice or lapse of time or both, would constitute a default or event of default by the Company under any such lease or agreement or, to the best of the Company's knowledge, by any other party thereto. The Company's possession of such property has not been disturbed and, to the best of the Company's knowledge, no claim has been asserted against the Company adverse to its rights in such leasehold interests.

  • Real Property; Leasehold Neither the Company nor any of its Subsidiaries owns or has ever owned any real property. The Company has made available to Parent (a) an accurate and complete list of all real properties with respect to which the Company directly or indirectly holds a valid leasehold interest as well as any other real estate that is in the possession of or leased by the Company or any of its Subsidiaries, and (b) copies of all leases under which any such real property is possessed (the “Company Real Estate Leases”), each of which is in full force and effect, with no existing material default thereunder. The Company’s use and operation of each such leased property conforms to all applicable Laws in all material respects, and the Company has exclusive possession of each such leased property and has not granted any occupancy rights to tenants or licensees with respect to such leased property. In addition, each such leased property is free and clear of all Encumbrances other than Permitted Encumbrances. The Company has not received written notice from its landlords or any Governmental Body that: (i) relates to violations of building, zoning, safety or fire ordinances or regulations; (ii) claims any defect or deficiency with respect to any of such properties; or (iii) requests the performance of any repairs, alterations or other work to such properties.

  • Real Properties The Company does not have an interest in any real property, except for the Leases (as defined below).

  • Title; Real Property (a) Each Group Member has good and marketable fee simple title to all owned real property and valid leasehold interests in all leased real property, and owns all personal property, in each case that is purported to be owned or leased by it, including those reflected on the most recent Financial Statements delivered by the Borrower, and none of such property is subject to any Lien except Permitted Liens.

  • Real Property; Personal Property (a) On the Disaffiliation Date, Local Church will have full title and ownership of the Real Property and Personal Property. The parties shall ensure all necessary transfers or other transactions relating to the above properties are completed on or prior to the Disaffiliation Date. Any costs resulting from such transfers or other transactions shall be borne by Local Church. Annual Conference shall fully cooperate with Local Church, as needed and applicable, to ensure that such transfers and other transactions convey all of Annual Conference’s interest – both for itself and on behalf of The United Methodist Church – in the Real Property and Personal Property, both tangible and intangible, of Local Church.

  • Leased Real Property Section 3.13(b) of the Company Disclosure Letter contains a true, correct and complete list of (i) all of the real property that is leased, subleased, licensed or otherwise used or occupied by, the Company or any of its Subsidiaries (such property, the “Leased Real Property”) and (ii) all leases, subleases, licenses or other Contracts pursuant to which the Company or its Subsidiaries use or occupy, or have the right to use or occupy, now or in the future, such Leased Real Property (each, a “Lease”). The Company has made available to Parent true, correct and complete copies of all Leases (including all material modifications, amendments and supplements thereto), and in the case of any oral Lease, a written summary of the material terms of such Lease. The Company and/or one of its Subsidiaries, as the case may be, have and own good, valid and subsisting leasehold interests in the Leased Real Property under each Lease, subject to proper authorization and execution of such Lease by the other party thereto and Permitted Liens, except in each case, as enforcement may be limited by the Enforceability Limitations, except as would not, individually or in the aggregate, have a Company Material Adverse Effect. With respect to each Lease and except as would not, individually or in the aggregate, have a Company Material Adverse Effect or materially and adversely affect the current use by the Company or its Subsidiaries of the Leased Real Property, (i) each Lease is in full force and effect and a valid, binding and legally enforceable obligation of the Company or its applicable Subsidiary, as the case may be, and, to the Knowledge of the Company, the other parties thereto (except in each case as may be limited by the Enforceability Limitations); (ii) each Lease has not been amended or modified in any material respect except as reflected in the modifications, amendments, supplements and side letters thereto made available to Parent; (iii) there is no existing material default or event of default by the Company or any of its Subsidiaries or, to the Knowledge of the Company, any other party thereto, under any Lease (iii) to the Knowledge of the Company, there are no disputes with respect to any Lease; (iv) neither the Company nor any of its Subsidiaries has collaterally assigned or granted any other security interest in such Lease or any interest therein; and (v) there are no Liens (other than Permitted Liens) on the estate or interest created by such Lease. The Leased Real Property is in all material respects in good operating condition and in a state of good and working maintenance and repair, ordinary wear and tear excepted, and is adequate and suitable for its current uses and purposes. There are no physical conditions or defects on any part of the Leased Real Property that would materially impair or would be reasonably expected to materially impair the continued operation of the business of the Company and its Subsidiaries as presently conducted at such Leased Real Property.

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