Resale Property definition

Resale Property means that portion of the Property that has not been sold by the Company or deeded to the Project’s home owners’ association.
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Examples of Resale Property in a sentence

  • If Buyer sells all or any portion of a Resale Property (other than the sale of developed lots to third party users in any of Phase I, Phase II or Phase III), Buyer or Monaco shall pay to ORA upon the close of escrow of such Resale (or if there is no escrow, upon recordation of the deed) (a “Resale Closing Date”) an amount equal to 20% of the Resale Net Profit.

  • If at any time Buyer determines that it will not develop or that it will cease developing Phase II, then Buyer shall use commercially reasonable efforts to sell all or any portion of the Resale Property on terms acceptable to Buyer in its sole and absolute discretion.

  • Buyer may, in its sole and absolute discretion, (i) commence development of Phase II and sell lots on Phase II on terms acceptable to Buyer in its sole and absolute discretion or, (ii) at any time, sell all or any portion of the Resale Property (including all or any portion of Phase II).

  • If at any time Buyer determines that it will not develop or that it will cease developing Phase III, then Buyer shall use commercially reasonable efforts to sell all or any portion of the Resale Property on terms acceptable to Buyer in its sole and absolute discretion.

  • All written offers or contracts for sale and purchase on any Home or any Lot not owned by the Developer ("Resale Property") listed for sale by the Listing Broker shall be on the most current form of Contact for Sale and Purchase approved by the Florida Association of Realtors and the Florida Bar Association ("FARBAR" Contract) and shall have attached all standard Bella Collina addenda required by Listing Broker.

  • Notwithstanding the foregoing, Buyer shall have the right at any time, in its sole discretion, to cease all efforts to complete the Phase I Improvements and/or to sell the lots and elect instead to use commercially reasonable efforts to sell all or any portion of the Resale Property (including all or any portion of Phase I) on terms acceptable to Buyer in its sole and absolute discretion, in which case the provisions of Section 9.4 shall apply.

  • Buyer may, in its sole and absolute discretion, (i) commence development of Phase III and sell lots on Phase III on terms acceptable to Buyer in its sole and absolute discretion or, (ii) at any time, sell all or any portion of the Resale Property (including all or any portion of Phase III).

  • Notwithstanding the foregoing, Buyer shall have the right at any time, in its sole discretion, to cease all efforts to complete the Phase I Improvements and/or to sell the lots and elect instead to use commercially reasonable efforts to sell all or any portion of the Resale Property (including all or any portion of Phase I) on terms acceptable to Buyer in its sole and absolute discretion, in which case the provisions of Section 9.5 shall apply.