Property Transferee definition
Examples of Property Transferee in a sentence
The City acknowledges that an Estoppel Certificate may be relied upon by any Property Transferee, Secured Lender or other party.
Owner shall, however, give written notice to the other Parties, in accordance with Section 15.1, of any such transfer of a Property interest, disclosing in such notice (a) the identity of the transferee of the Property (“Property Transferee”), (b) the nature of the Property interest that has been transferred, and (c) the address of the Property Transferee as applicable.
Developer shall, however, give written notice to the City, in accordance with Section 15.1, of any transfer of the Property, disclosing in such notice (a) the identity of the transferee of the Property (the “Property Transferee”) and (b) the address of the Property Transferee as applicable.
Each Property Transferee will be the landlord under the applicable Lease.
The Seller hereby acknowledges and agrees that the Purchaser shall have the right to assign this Agreement with respect to each Property to the Applicable Property Transferee as may be necessary in order to effectuate the intent of this Section 4.1.
Together with such written application (and afterwards if requested by Lender), Borrower will submit to Lender true, correct and complete copies of any and all information and documents of any kind requested by Lender concerning the Property, Transferee and/or Borrower, together with any review fee required by Lender, in Lender's sole discretion.
With respect to the actual acquisition and fee simple ownership of each Property, each Property will be acquired and owned at the Closing by the Applicable Property Transferee.
Notwithstanding the foregoing, if Transferee's Phase I environmental assessment contains a recommendation for Phase II environmental assessment based on Transferee's proposed use of the Property, Transferee shall have the right to conduct a Phase II environmental assessment without Transferor’s consent; provided, however, that Transferee’s consultant for any Phase II environmental assessment shall be subject to Transferor’s reasonable approval.
Developer shall, however, give written notice to the City, in accordance with Section 15.1, of any transfer of the Property or 711 Colorado, disclosing in such notice, (a) the identity of the transferee of the Property or 711 Colorado (the “Property Transferee”) and (b) the address of the Property Transferee as applicable.
Before this Agreement terminates pursuant to Paragraph 24 below, this Agreement shall be transferable by Buyer to any subsequent owner of the Property ("Transferee") who did not cause or contribute to and is not otherwise liable for contamination of the Property, provided that the Transferee before or at the closing for the Property agrees in writing with the Department that the Transferee will be subject to the Buyer’s Obligations in this Agreement.