Examples of Buy-Back Agreement in a sentence
Therefore, staff is recommending that Regional Council accept the SSHYM’s request to be released of the original Buy-Back Agreement in place of a new BBA between HRM and the YWCA of Halifax.
The new Buy-Back Agreement will continue to protect HRM for the sale of the property and/or termination of the available programs and services.
It is agreed between the Municipality and the Purchaser that this Buy-Back Agreement will constitute a first charge upon the Property which may be registered as presently constituted or, alternatively, at the sole election of the Municipality, a Notice of Agreement will be registered at the Registry of Deeds against the title to the Property.
Regional Council may decline the request to Assign the Buy-Back Agreement and exercise its Right of First Refusal to buy back 000 Xxxxxxxx Xxxxxx.
Within twenty-four (24) months of the Closing, if the Purchaser has not complied with the provisions of Clauses 2, 3, and 4 of this Buy-Back Agreement, the Municipality may repurchase the Property.