Unit Contracts Sample Clauses

Unit Contracts. The representations and warranties set forth in the corresponding Section of the Building Loan Agreement are incorporated herein by reference as if fully set forth herein.
Sample 1Sample 2
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Unit Contracts. 36 3.1.43 ZLDA....................................................................................... 36 3.1.44 Full and Accurate Disclosure............................................................... 36 3.1.45 Foreign Person............................................................................. 36 3.1.46 Investment Company Act..................................................................... 36 3.1.47 Organizational Structure................................................................... 36 3.1.48 Tax Certificates........................................................................... 37 3.1.49 Inclusionary Housing Program............................................................... 37 Section 3.2 Continuing Effectiveness and Survival of Representations................................... 37
Sample 1
Unit Contracts. From and after such time as Borrower shall have elected to convert the Property to Condominium ownership, the contracts for the sale of individual Residential Units submitted to Agent by Borrower and all future contracts relating to individual Residential Units, assuming the existence and, if applicable, the competence, of the purchaser and the delivery of the contract to Borrower by the purchaser, are and will be, subject to the terms and conditions therein contained, the valid and binding obligations of the purchaser and not rescindable by the purchaser for any reason except failure to complete construction of the Improvements and failure to create a condominium pursuant to State law or failure to satisfy a financing contingency or Borrower's default thereunder or as otherwise provided in the Offering Plan (which is subject to Agent's approval, not to be unreasonably withheld), and are Qualifying Contracts as provided for herein.
Sample 1
Unit Contracts. 35 3.1.43 ZLDA....................................................................... 35 3.1.44 Full and Accurate Disclosure............................................... 35 3.1.45 Foreign Person............................................................. 35 3.1.46
Sample 1
Unit Contracts. From and after such time as Mortgage Borrowers shall have converted the Property to a condominium regime of ownership, the Contracts submitted to Lender by Borrowers and all future Contracts relating to individual Units, assuming the existence and, if applicable, the competence, of the purchaser and the execution and delivery of the applicable Contract to Mortgage Borrowers by the purchaser, are and will be, subject to the terms and conditions therein contained, the valid and binding obligations of the purchaser and not rescindable by the purchaser thereunder for any reason except failure to complete construction of the Project Improvements and failure to create a condominium pursuant to New York State law and failure of the purchaser to obtain mortgage financing within ninety (90) days after the execution of any such Contract in those instances where such Contract is subject to a financing contingency and, upon the expiration of any such ninety (90) days mortgage financing contingency, will be Bona Fide Sales Contracts as provided for herein.
Sample 1
Unit Contracts. The Contracts submitted to Lender by Borrower and all future contracts relating to individual Units, assuming the existence and, if applicable, the competence, of the purchaser and the execution and delivery of the applicable Contract to Borrower by the purchaser, are and will be, subject to the terms and conditions therein contained and the terms of the Offering Plan, the valid and binding obligations of the purchaser and not rescindable for any reason except for any statutory rescission right under New York Law, failure to complete construction of the Project Improvements, failure to create a condominium pursuant to State law and failure to obtain mortgage financing within ninety (90) days after the execution of any such Bona Fide Sales Contracts in those instances where such Bona Fide Sales Contracts are subject to a financing contingency or upon the expiration of any such ninety (90) days mortgage financing contingency will be Bona Fide Sales Contracts as provided for herein.
Sample 1

Related to Unit Contracts

  • Management Contracts The Recipient agrees that from the date hereof until the date on which none of the Infrastructure Bonds, of which the proceeds were used to pay or reimburse the costs of the Project, remain outstanding (the "Agreement Term"):

  • SUB-CONTRACTS (a) The Servicer may sub-contract or delegate the performance of all or any of its powers and obligations under this Agreement, provided that (but subject to Section 3.2(b)):

  • Project Contracts Authority shall upon its election, succeed, without the necessity of any further action by the Concessionaire, to the interests of the Concessionaire under such of the Project Contracts as the Authority may in its discretion deem appropriate, and shall upon such election be liable to the Contractors only for compensation accruing and becoming due and payable to them under the terms of their respective Project Contracts from and after the date the Authority elects to succeed to the interests of the Concessionaire. For the avoidance of doubt, it is hereby agreed, and the Concessionaire hereby acknowledges, that all sums claimed by such Contractors as being due and owing for works and services performed or accruing on account of any act, omission or event prior to such date shall constitute debt between the Concessionaire and such Contractors, and the Authority shall not in any manner be liable for such sums. It is further agreed that in the event the Authority elects to cure any outstanding defaults under such Project Contracts, the amount expended by the Authority for this purpose shall be deducted from the Termination Payment.

  • Operating Contracts Subject to the rights of the Timeshare Owners' Association as set forth in the Timeshare Documents, no Operating Contract shall be modified, extended, terminated or entered into, without the prior written approval of Agent, if any such modification, extension, termination or new agreement could have a material adverse impact on the operation of the Resort or the Collateral.

  • New Contracts During the pendency of this Agreement, Seller will not enter into any contract, or modify, amend, renew or extend any existing contract, that will be an obligation affecting the Property or any part thereof subsequent to the Closing without Purchaser’s prior written consent in each instance (which Purchaser agrees not to withhold or delay unreasonably), except contracts entered into in the ordinary course of business that are terminable without cause (and without penalty or premium) on 30 days (or less) notice.

  • Existing Contracts Billing terms and provisions contained in existing contracting entity agreements (existing as of the date this policy is approved by the Board of Supervisors) shall remain in effect for the life of the contract. However, when these existing contracts are renegotiated, they shall contain the billing provisions as set forth in this policy.

  • Gas Contracts No Credit Party, as of the date hereof or as disclosed to the Administrative Agent in writing, (a) is obligated in any material respect by virtue of any prepayment made under any contract containing a “take-or-pay” or “prepayment” provision or under any similar agreement to deliver Hydrocarbons produced from or allocated to any of the Borrower’s and its Subsidiaries’ Oil and Gas Properties at some future date without receiving full payment therefor at the time of delivery or (b) except as has been disclosed to the Administrative Agent, has produced gas, in any material amount, subject to balancing rights of third parties or subject to balancing duties under Legal Requirements.

  • Business Contracts All contracts, agreements and personal property leases (other than the Real Property Leases, the Transferable Permits, the Fuel Contracts and the Colstrip Contracts) used primarily in the operation of the Colstrip Facilities, that are listed in Section 1.01(a)(v) of the Disclosure Schedule (the "Business Contracts");

  • Operating Agreements The Partnership has performed all of its obligations under each of the Operating Agreements and no fact or circumstance has occurred which, by itself or with the passage of time or the giving of notice or both, would constitute a material default under any of the Operating Agreements. The Partnership shall not enter into any new management agreement, maintenance or repair contract, supply contract, lease in which it is lessee or other agreements with respect to the Property, nor shall the Partnership enter into any agreements modifying the Operating Agreements, unless (a) any such agreement or modification will not bind the Acquiror or the Property after the date of Closing or (b) the Contributors have obtained the Acquiror's prior written consent to such agreement or modification, which consent shall not be unreasonably withheld or delayed.

  • Employment Contracts Neither the Seller nor any Seller Subsidiary is a party to any Contracts for employment, severance, consulting or other similar agreements with any employees, consultants, officers or directors of the Seller or any of the Seller Subsidiaries, except as set forth on Section 2.10(h) of the Seller Disclosure Schedule. Neither the Seller nor any Seller Subsidiary is a party to any collective bargaining agreements.

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