Reciprocal Property definition

Reciprocal Property means that certain real property within the City of Chula Vista, California (sometimes referred to herein as the "Land"), together with the improvements located thereon (sometimes referred to herein as the "Improvements") all as more fully described in Exhibit "C" attached hereto.
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Examples of Reciprocal Property in a sentence

  • For the purposes of this Agreement said real property is hereinafter referred to as the "Reciprocal Property".

  • Capital is the legal and lawful owner of the Reciprocal Property pursuant to the laws of the State of California and is authorized by the laws of the State of California to transfer the Reciprocal Property to the City and perform the actions and duties of HCCP as more particularly described herein.

  • HCCP's obligation to trade the Reciprocal Property to City and City's obligation to trade the Exchange Property to HCCP are subject to Approval of this exchange by the City Council of the City of Chula Vista.

  • HCCP agrees to trade the Reciprocal Property and City agrees to trade the Exchange Property on the terms and conditions in this Agreement.

  • HCCP is the legal and equitable owner of the Reciprocal Property, with full right to convey.

  • HCCP has not granted any options or rights of first refusal or rights of first offer to third parties to purchase or otherwise acquire an interest in the Reciprocal Property.

  • The City desires to acquire the Reciprocal Property for public parking and other public purposes.

  • To HCCP’s actual knowledge there is no pending or threatened litigation, administrative proceeding, or other legal or governmental action with respect to the Reciprocal Property or which may adversely affect HCCP's ability to fulfill the obligations of this Agreement.

  • Neither the Exchange Property nor the Reciprocal Property are within a special studies zone under the ▇▇▇▇▇▇▇-▇▇▇▇▇▇ Geologic Hazard Act [Pub.

  • HCCP has disclosed to City all material facts with respect to the Reciprocal Property to which HCCP has access.