Examples of Conditional Agreement in a sentence
In the event RAAC receives two or more applications from abutting property owners proposing to use the property for a side yard, parking, or similar use and RAAC has not yet executed a Conditional Agreement of Sale with an applicant for the property, RAAC will close all applications for the property and provide the applicants the opportunity to prepare a mutually agreeable, feasible plan and submit a new application to RAAC.
After the applicant returns the signed Conditional Agreement of Sale and payment for the appraised value, good faith deposit, and parcel fee (as applicable), it typically takes a minimum of five months until closing.
Thereafter, the applicant will be sent a Conditional Agreement of Sale that outlines the terms and conditions of the sale of the property, including the associated costs.
If RAAC receives another application for the same property at any point prior to the execution of the Conditional Agreement of Sale, RAAC will review the subsequent application in accordance with the Program’s policies and determine whether RAAC will proceed with one of the applications or decline to proceed with any application.
The applicant must return the signed Conditional Agreement of Sale and payment for the appraised value, good faith deposit, and parcel fee (as applicable) in order for the acquisition process to begin.
Once a Conditional Agreement of Sale has been executed for a property, RAAC will not consider other applications for the same property.
The Interconnection Customer may proceed to construct (including operational testing not to exceed 2 hours) the Small Generator Facility once the Conditional Agreement to Interconnect a Small Generator Facility on the preceding page has been signed by the EDC.
The Department and a sponsor may enter into a Conditional Agreement.
The Interconnection Customer may proceed to construct (including operational testing not to exceed 2 hours) the Small Generator Facility once the Conditional Agreement to Interconnect a Small Generator Facility on the preceding page has been signed by the Electric Distribution Company (“EDC”).2) Final Interconnection and Operation.
The parties shall specify in the Conditional Agreement the anticipated amount or anticipated percentage of the total funding in the Program Account to be contributed by appropriated funds to the Department, by the sponsor, by a non-federal source, or by a combina- tion of these funding sources.