Possession of Property. Possession of the Property free and clear of all uses and encroachments, except the Permitted Exceptions, shall be delivered to Purchaser at closing.
Possession of Property. SELLER shall give possession of the aforedescribed property immediately upon closing.
Possession of Property. Purchaser shall take possession of the property and all improvements thereon upon execution of this contract and shall continue in the peaceful enjoyment of the property so long as all payments due under the terms of this contract are timely made. Purchaser agrees to keep the property in a good state of repair and in the event of termination of this contract, Purchaser agrees to return the property to Seller in substantially the same condition as it now exists, ordinary wear and tear excepted. Seller reserves the right to inspect the property at any time with or without notice to Purchaser.
Possession of Property. The Borrower may continue to remain in possession of the Property as long as the Borrower is not in Default.
Possession of Property. To the extent permitted by law, Beneficiary may enter and take possession of the Property without seeking or obtaining the appointment of a receiver, may employ a managing agent for the Property, and may lease or rent all or any part of the Property, either in Beneficiary’s name or in the name of Grantor, and may collect the rents, issues, and profits of the Property. Any revenues collected by Beneficiary under this Section will be applied first toward payment of all expenses (including attorneys’ fees) incurred by Beneficiary, together with interest thereon at the Default Rate from the date incurred until repaid, and the balance, if any, will be applied against the Secured Obligations in such order and manner as Beneficiary may elect in its sole discretion.
Possession of Property. 1. The Buyer shall be entitled to possession of the property at closing and upon payment of the balance of the purchase price.
Possession of Property. Buyer shall be entitled to possession of the Property only after the Closing and not before.
Possession of Property. To the extent permitted by law, Mortgagee may enter and take possession of the Property without seeking or obtaining the appointment of a receiver, may employ a managing agent for the Property, and may lease or rent all or any part of the Property, either in Mortgagee’s name or in the name of Mortgagor, and may collect the rents, issues, and profits of the Property. Any revenues collected by Mortgagee under this Section will be applied first toward payment of all expenses (including attorneys’ fees) incurred by Mortgagee, together with interest thereon at the Default Rate from the date incurred until repaid, and the balance, if any, will be applied against the Secured Obligations in such order and manner as Mortgagee may elect in its sole discretion.
Possession of Property. Seller shall deliver to Purchaser full and exclusive possession of the Property on the Closing Date.
Possession of Property. Upon the BUYER’s complete payment of Insert percentage here in words percent (Insert percentage in Arabic %) of the Contract Price and the payment of any penalties or interest, if any, and the unit is ready for occupancy, the BUYER may occupy the property and is deemed to enjoy possession of the same. The BUYER shall from that time onwards, assume full responsibility for the upkeep and maintenance of the PROPERTY and liability for paying all taxes due and other assessments levied thereon, whether the BUYER takes physical possession of and occupies the PROPERTY, the title/ownership shall remain with the SELLER or its assignee, until after the total Contract Price and all interest, liquidated damages, if any, taxes and assessment as provided here, have been fully paid by the BUYER. CERTIFICATE OF COMPLETION. The PARTIES agree that prior to the issuance by the concerned government entity/ies concerned of the necessary permits, licenses, including but not limited to the Certificate of Completion, and notwithstanding the fact that the BUYER has already paid Insert percentage in Arabic% of the purchase price and notwithstanding further that the unit be ready for occupancy but the development of the property is still ongoing, the parties agree that the BUYER may not demand from the SELLER to provide electricity, other public utilities, and paved roads, etc. until and after the necessary permits, licenses, Certificate of Completion shall have been submitted to the SELLER. The BUYER may, subject to the written consent of the SELLER, which consent shall not be unjustifiably withheld, be permitted to install temporarily, electric and water connection, at the expense of the BUYER. It is understood that the SELLER or any of its assignee, shall not be liable for any damage caused by reason of or as a consequence of the temporary connection. START OF CONTSTRUCTION. The PARTIES agree that upon completion by the BUYER of Insert percentage here in words percent (Insert percentage in Arabic %) payment of the Contract Price including any penalties or interest due if any, the SELLER shall start constructing and building the PROPERTY.
