Property 2 definition
Examples of Property 2 in a sentence
Holder shall disburse the ▇▇▇▇▇▇▇ money upon: (1) the closing of Property; (2) a subsequent written agreement of Buyer and Seller; (3) an order of a court or arbitrator having jurisdiction over any dispute involving the ▇▇▇▇▇▇▇ money; or (4) the failure of the parties to enter into a binding agreement (where there is no dispute over the formation or enforceability of the Agreement).
This Agreement shall automatically terminate: (1) on the Owner’s voluntary sale of the Property; (2) upon foreclosure of the Property, transfer in lieu thereof, or exercise of a lender’s remedies; or (3) in the event of total condemnation of the Property.
Until the occurrence of an Event of Default, Grantor may (1) remain in possession and control of the Property; (2) use, operate or manage the Property; and (3) collect the Rents from the Property.
Notwithstanding the foregoing, such withdrawal limitations shall not apply upon (1) the final liquidation of the Whole Loan and/or the Property, (2) the final payment of the Whole Loan and release of the Mortgage or (3) the determination that any Advance that would increase the currently unreimbursed Advances in the aggregate would be a Nonrecoverable Advance.
Holder shall disburse the ▇▇▇▇▇▇▇ money upon: (1) the Closing of the Property; (2) a subsequent written agreement of Buyer and Seller; (3) an order of a court or arbitrator having jurisdiction over any dispute involving the ▇▇▇▇▇▇▇ money; or (4) the failure of the parties to enter into a binding agreement (where there is no dispute over the formation or enforceability of the Agreement).
The Closing shall be the event in which the parties consummate the transaction set forth in this Agreement by: (1) the Seller tendering the deed referenced herein to the Property; (2) the Buyer paying the required consideration hereunder; (3) both parties properly signing all documents and paperwork as required by the Closing Attorney; and (4) both parties fulfilling other agreements set forth herein that must be fulfilled by the Closing (unless the same have been waived or amended).
Until the occurrence of an Event of Default, Trustor may (1) remain in possession and control of the Property; (2) use, operate or manage the Property; and (3) collect the Rents from the Property.
Notwithstanding the foregoing, such withdrawal limitations shall not apply upon (1) the final liquidation of the Mortgage Loan and/or the Property, (2) the final payment of the Mortgage Loan and release of the Mortgage or (3) the determination that any Administrative Advance that would increase the currently unreimbursed Advances in the aggregate would be a Nonrecoverable Advance.
Seller shall pay (1) all transfer, assumption or waiver fees associated with any association, declarant or easement holder that holds any right in the Property, (2) all transfer taxes and documentary stamp charges, and (3) recording fees in connection with the removal of encumbrances.
Landlord Property 1 and Landlord Property 2 are hereinafter also referred to as "Landlord Property".