Subject Property. For the consideration and upon and subject to the terms, provisions and conditions of this Contract, Seller agrees to sell to Purchaser, and Purchaser agrees to purchase from Seller, that certain parcel of real property owned by Seller, which is more fully described on Exhibit A attached hereto (the "Land") and all improvements (the "Improvements") and appurtenances (the "Appurtenances") located on or pertaining to the Land (the Land, Improvements and Appurtenances being collectively referred to herein as the "Property"). The Property is subject to and encumbered by (i) a Lease (the "Lease") dated as of October 21, 2003, by and between Seller, as landlord, and Apple Ohio LLC, a Delaware limited liability company ("Tenant"), as tenant, and (ii) the Permitted Exceptions (as hereinafter defined) applicable to the Property. Apple American Group LLC, a Delaware limited liability company ("Guarantor"), is the guarantor of the performance of Tenant under the Lease pursuant to a Guaranty dated effective as of October 21, 2003 (the "Guaranty").
Appears in 4 contracts
Samples: Contract of Sale (Aei Net Lease Income & Growth Fund Xix Limited Partnership), Assignment of Purchase Agreement (Aei Income & Growth Fund 25 LLC), Assignment of Purchase Agreement (Aei Net Lease Income & Growth Fund Xx Limited Partnership)
