Wallingford Property definition
Examples of Wallingford Property in a sentence
In the event that Sellers determine that a Form II (as defined under the Connecticut Transfer Act) can be prepared and submitted to Buyer and the CTDEP with respect to the Wallingford Property, Sellers shall be responsible for: (i) preparing the Form II and submitting the same to Buyer and the CTDEP, and (iii) paying the filing fees associated with filing the Form II with the CTDEP.
Except as set forth on Schedule 4.2(l), Proton and TD have complied in all respects with, the Wallingford Property is in compliance with, and neither Proton nor TD is currently in violation or default in any material respect of, any Applicable Law relating to the Business, or as currently proposed to be conducted.
With respect to the Wallingford Property, (i) except as set forth on Schedule 4.2(q), no portion thereof is subject to any pending or, to the Knowledge of Seller or Proton, threatened Proceedings or proceeding by any Governmental Authority or any quasi-public authority for the condemnation or taking of any portion of the Wallingford Property.
No portion of the Wallingford Property has suffered any material damage by fire or other casualty which has not heretofore been repaired.
Purchaser shall pay to Seller in cash on the Closing Date the amount of any security or similar deposits with respect to the Wallingford Property.
All obligations due in respect of periods prior to the Closing Date shall be paid in full or otherwise satisfied by Seller (including but not limited to costs relating to curing breaches of contracts where the breach occurred prior to the Closing Date), and all obligations due in respect of periods after from and after the Closing Date with respect to the Wallingford Property shall be paid in full or otherwise satisfied by Purchaser.
Rent, current taxes, prepaid advertising and other items of expense (including, without limitation, any prepaid insurance) shall be prorated between Seller and Purchaser as of the Closing Date with respect to the Wallingford Property.
Except as set forth on Schedule 4.2(o), other than the Seller and Proton, no Person will be leasing, using or occupying any portion of the Wallingford Property as of the Closing Date.
Except for Seller Liens to be released at each Closing, as of the date hereof Seller has good and marketable fee simple absolute title to each of the Wallingford Property, Somerset Property, Mt. Olive Property, Hartford Property and Rocky Hill Property, subject only to the Permitted Exceptions.