RECITAL OF FACTS. A. Seller and Purchaser are parties to that certain Purchase and Sale Agreement having an Effective Date of September 15, 2016, with respect to the sale by Seller to Purchaser of the property at 3000 Xxxxxxx Xxxx, Roswell, Fxxxxx County, Georgia 30075 (collectively, the “Purchase and Sale Agreement”); and
RECITAL OF FACTS. After the approval and execution of the Agreement and the First Addendum , on September 14, 2017, the ELBRA, and on September 19, 2017, the City Council rescinded, repealed, and annulled the termination of Xxxxxxxxxx Plan # 11, which included eligible property that is part of the Project which is the subject of the Agreement, and Xxxxxxxxxx Plan # 23 and the adoption of Xxxxxxxxxx Plan # 26 on July 27, 2017. The ELBRA and the City Council adopted amendments to Xxxxxxxxxx Plan # 11, and it is now identical in all respects with Xxxxxxxxxx Plan # 26 with the exception of its date of adoption and number designation. On September14, 2017, the ELBRA, and on September 19, 2017, the City Council also approved a Xxxxxxxxxx Reimbursement Agreement for Amended Xxxxxxxxxx Plan #11. The Agreement as amended by the First Addendum includes references to and incorporates the terms of Xxxxxxxxxx Plan # 26 and the Xxxxxxxxxx Reimbursement Agreement dated July 27, 2017. The parties wish to amend the Agreement to reflect the amendment of Xxxxxxxxxx Plan #11 and the Xxxxxxxxxx Reimbursement Agreement dated September 19, 2017. This Recital of Facts is not merely prefatory but is expressly made a part of the Agreement.
RECITAL OF FACTS. The foregoing recital of facts is hereby incorporated herein to the same extent as if hereinafter fully set forth.
RECITAL OF FACTS. 1. The Board of Directors of 20th Century Industries at its meeting held on February 23, 1982 adopted, subject to shareholder approval, the 20th Century Industries Restricted Shares Plan (the "Plan"). The shareholders of 20th Century Industries at their meeting held on May 25, 1982 approved the Plan.
RECITAL OF FACTS. The ELBRA and the City Council of the City of East Lansing approved Amended Xxxxxxxxxx Plan #11 to capture 100% of the increase in the real property taxes resulting from the redevelopment of the Property owned by the Owner, except the partial retention of capture by the Downtown Development Authority of the City of East Lansing (the “DDA”) as outlined in Schedule 3 of the Interlocal Agreement between the DDA and ELBRA, and use these funds to reimburse Owner for the cost of Eligible Activities in accordance with Amended Xxxxxxxxxx Plan #11. Although Amended Xxxxxxxxxx Plan #11 provides for reimbursement for the cost of Eligible Activities and partial retention of capture by the DDA under the Interlocal Agreement beginning in the first year for which tax increment revenues are available, expected in tax year 2020 for partial construction, the form of the Agreement provided for reimbursement only after redevelopment of the Property and the Infrastructure Improvements are completed. The parties agree that the use of the Tax Increment Revenues and reimbursement should be in accordance with the adopted Amended Xxxxxxxxxx Plan #11 and the Interlocal Agreement and therefore wish to amend the Agreement to so provide. This Recital of Facts is not merely prefatory but is expressly made a part of the Agreement with regard to the amendment of Paragraph 10(a).
RECITAL OF FACTS. The ELBRA and the City Council approved the termination of Xxxxxxxxxx Plan # 11, which included eligible property that is part of the Project which is the subject of the Agreement, and Xxxxxxxxxx Plan # 23 on July 27, 2017 and adopted Xxxxxxxxxx Plan # 26, in accordance with MCL 125.2664. Xxxxxxxxxx Plan # 26 is identical in all respects with Xxxxxxxxxx Plan # 23 with the exception of its date of adoption and number designation. On July 27, 2017, the ELBRA and the City Council also approved a Xxxxxxxxxx Reimbursement Agreement for Xxxxxxxxxx Plan #26. The Agreement includes references to and incorporates the terms of Xxxxxxxxxx Plan # 23 and the Xxxxxxxxxx Reimbursement Agreement dated May 25, 2017. The parties wish to amend the Agreement to reflect the adoption of Xxxxxxxxxx Plan #26 and the Xxxxxxxxxx Reimbursement Agreement dated May 25, 2017. This Recital of Facts is not merely prefatory but is expressly made a part of the Agreement.
RECITAL OF FACTS. This Agreement is made with reference to the following facts:
RECITAL OF FACTS. PEC desires to retain Sales Entity pursuant to the terms and conditions of this Agreement to engage in Sales of Timeshare at PEC's Sales office located at The Brigantine Inn, 1500 Xxxxx Xxxxxx, Xxxxxxxxxx, Xxx Xxxxxx 00000 ("Xales Office"). Sales Entity desires to be so retained. For good and valuable consideration the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows:
RECITAL OF FACTS. Landlord and Tenant entered into the Industrial Lease (the "Lease") dated June 14, 2000. Words defined in the Lease have the same meanings in this Memorandum.
