Sawmill Property definition
Examples of Sawmill Property in a sentence
For avoidance of doubt, FS Stockholder and The Limited agree that any and all closing costs, including, without limitation, any transfer taxes, relating to the purchase by Property Holding, The Limited or any of its Affiliates of the Sawmill Property from the current fee owner shall be paid for by Property Holding, The Limited, or such Affiliate and such fee owner, and will not in any event be or become the obligation of Company.
The parties agree that all proceeds from the sale of the Sawmill Property shall be for the benefit of The Limited or an Affiliate of The Limited.
The Company agrees to enter into such lease pursuant to which such third party will lease the Sawmill Property to the Company so long as the economic terms of such lease are not more adverse to the Company than the existing lease for the Sawmill Property.
The sale and leaseback of the Sawmill Property shall occur as soon as practicable after the Closing.