0001193125-06-194514 Sample Contracts

ASSET PURCHASE AGREEMENT BETWEEN WHCC, LLC, a Delaware limited liability company AS SELLER AND CNL INCOME PARTNERS, LP a Delaware limited partnership AS PURCHASER DATED AS OF , 2006
Asset Purchase Agreement • September 21st, 2006 • CNL Income Properties Inc • Real estate investment trusts • Florida

THIS PURCHASE AGREEMENT (the “Agreement”) is made as of July , 2006 (the “Effective Date”), by and between WHCC, LLC, a Delaware limited liability company (the “Seller”), and CNL INCOME PARTNERS, LP, a Delaware limited partnership (“Purchaser”)(each a “Party” and together the “Parties”).

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SECOND AMENDMENT TO STOCK PURCHASE AGREEMENT
Stock Purchase Agreement • September 21st, 2006 • CNL Income Properties Inc • Real estate investment trusts

THIS SECOND AMENDMENT TO STOCK PURCHASE AGREEMENT (“Second Amendment”), dated for reference purposes as of the 30th day of August, 2006, by and between CNL INCOME PARTNERS, L.P., a Delaware limited partnership (“CIP”), and HERITAGE GOLF GROUP, LLC, a Delaware limited liability company (“Heritage”), constitutes an amendment to that certain Stock Purchase Agreement, dated for reference purposes as of September 7th, 2006, by and between CIP and Heritage (the “Agreement”), as amended by that certain First Amendment to Stock Purchase Agreement dated for reference purposes as of August 30th, 2006, by and between CIP and Heritage (the “First Amendment”) (the Agreement and the First Amendment are hereinafter collectively referred to as the “Purchase Agreement”). Capitalized terms used herein without definition shall have the meaning ascribed to such terms in the Purchase Agreement.

STOCK PURCHASE AGREEMENT BETWEEN HERITAGE GOLF GROUP, LLC, a Delaware limited liability company, AS SELLER, AND CNL INCOME PARTNERS, LP, a Delaware limited partnership, AS PURCHASER DATED AS OF AUGUST 23, 2006
Stock Purchase Agreement • September 21st, 2006 • CNL Income Properties Inc • Real estate investment trusts • Delaware

THIS STOCK PURCHASE AGREEMENT (this “Agreement”) is made as of August 23, 2006 (the “Effective Date”), by and between HERITAGE GOLF GROUP, LLC, a Delaware limited liability company (the “Seller”), and CNL INCOME PARTNERS, LP, a Delaware limited partnership (the “Purchaser”). Heritage Golf Master Lease, LLC, a Delaware limited liability company (the “Tenant”), and Heritage Golf Group, Inc., a Delaware corporation (“Heritage”) hereby join in this Agreement for the purpose of providing certain representations, warranties and indemnifications as more particularly described herein. Each of the Seller, Purchaser, Tenant and Heritage are at times hereinafter referred to individually as a “Party” and collectively as the “Parties.”

FIRST AMENDMENT TO STOCK PURCHASE AGREEMENT
Stock Purchase Agreement • September 21st, 2006 • CNL Income Properties Inc • Real estate investment trusts

THIS FIRST AMENDMENT TO STOCK PURCHASE AGREEMENT (“First Amendment”), dated for reference purposes as of the 30th day of August, 2006, by and between CNL INCOME PARTNERS, L.P., a Delaware limited partnership (“CIP”), and HERITAGE GOLF GROUP, LLC, a Delaware limited liability company (“Heritage”), constitutes an amendment to that certain Stock Purchase Agreement, dated for reference purposes as of August 23, 2006, by and between CIP and Heritage (the “Purchase Agreement”). Capitalized terms used herein without definition shall have the meaning ascribed to such terms in the Purchase Agreement.

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