Disposition of the Site Sample Clauses

Disposition of the Site. The Parties will use reasonable good faith efforts to obtain approval and execution of a Definitive Agreement in accordance with the California Community Redevelopment Law (Health & Safety Code §§33000 et seq.) providing for the conveyance by the Agency of the Site at fair market value consistent with the agreed Building Area related to the Residential Improvements. The conveyance shall be subject to the satisfaction of certain conditions precedent by Brookfield, including, but not limited to, continued evidence of adequate financing commitments, evidence of required insurance policies, and evidence of all project approvals necessary to commence construction.
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Disposition of the Site. The parties anticipate that the Conveyances will occur in two closings. The First Closing will include the Fee Simple Conveyance of the Residential Component Property and the Retail Component Property and the Conveyance, by Ground Lease, of the Mixed Use Commercial Component Property. The Second Closing will be the Conveyance of a ground lease interest in the Grocery Store Component Property.
Disposition of the Site. The Parties will use reasonable good faith efforts to obtain approval and execution of a Definitive Agreement in accordance with the California Community Redevelopment Law (Health & Safety Code §§33000 et seq.) providing for the conveyance by the Agency of a portion of the Site at fair market value consistent with the agreed Building Area related to the YMCA Facilities. The conveyance shall be subject to the satisfaction of certain conditions precedent by YMCA, including, but not limited to, continued evidence of adequate financing commitments, evidence of equity financing, evidence of required insurance policies, and evidence of all project approvals necessary to commence construction. The Agency may elect to either retain the remaining interest in the Site or, at its discretion, transfer its retained interest in the Site to the City by way of a standard cooperation agreement in a form approved by the City Attorney/Agency Counsel.
Disposition of the Site. The Parties will use reasonable good faith efforts to obtain approval and execution of a Definitive Agreement in accordance with the California Community Redevelopment Law (Health & Safety Code §§33000 et seq.) providing for the conveyance of a (i) 55 year leasehold interest in the Site to BGC for the purpose of constructing the BGC Facility and operating the BGC Facility as a Boys and Girls Club and (ii) a subleasehold interest in a portion of the BGC Facility for use by APAL. Rental payments will be based on fair reuse value that the Parties anticipate will be nominal. The Definitive Agreement will provide for reasonable cooperation, reciprocal access, divisions of responsibilities regarding interior and exterior maintenance. The improvements shall become property of the City upon termination of the lease term.
Disposition of the Site 

Related to Disposition of the Site

  • Disposition of Property Dispose of any of its property, whether now owned or hereafter acquired, or, in the case of any Subsidiary, issue or sell any shares of such Subsidiary’s Capital Stock to any Person, except:

  • DISPOSITION OF EQUIPMENT The Grantee shall provide to the State, not less than 30 calendar days prior to submission of the final invoice, an itemized inventory of equipment purchased with funds provided by the State. The inventory shall include all items with a current estimated fair market value of more than $5,000.00 per item. Within 60 calendar days of receipt of such inventory the State shall provide the Grantee with a list of the items on the inventory that the State will take title to. All other items shall become the property of the Grantee. The State shall arrange for delivery from the Grantee of items that it takes title to. Cost of transportation, if any, shall be borne by the State.

  • Procurement of the Site 10.3.1 Pursuant to the notice specified in Clause 4.1.2, the Authority Representative and the Concessionaire shall, on a mutually agreed date and time, inspect the Site and prepare a memorandum containing an inventory of the Site including the vacant and unencumbered land, buildings, structures, road works, trees and any other immovable property on or attached to the Site. Such memorandum shall have appended thereto an appendix (the “Appendix”) specifying in reasonable detail those parts of the Site to which vacant access and Right of Way has not been granted to the Concessionaire. Signing of the memorandum, in two counterparts (each of which shall constitute an original), by the authorised representatives of the Parties shall, subject to the provisions of Clause 10.2.2, be deemed to constitute a valid licence and Right of Way to the Concessionaire for free and unrestricted use and development of the vacant and unencumbered Site during the Concession Period under and in accordance with the provisions of this Agreement and for no other purpose whatsoever. For the avoidance of doubt, it is agreed that valid licence and Right of Way with respect to the parts of the Site as set forth in the Appendix shall be deemed to have been granted to the Concessionaire upon vacant access thereto being provided by the Authority to the Concessionaire.

  • DESCRIPTION OF THE PROPERTY 13.1 The Property as referred to in the Proclamation of Sale shall be deemed to have been correctly and sufficiently described.

  • POSSESSION OF THE PROPERTY The Parties hereby agree that the exclusive possession of the Property shall be delivered by the Seller to the Buyer on .

  • Condition of the Property THE LESSEE ACKNOWLEDGES AND AGREES THAT IT IS LEASING THE PROPERTY "AS IS" WITHOUT REPRESENTATION, WARRANTY OR COVENANT (EXPRESS OR IMPLIED) BY THE LESSOR AND SUBJECT TO (A) THE EXISTING STATE OF TITLE, (B) THE RIGHTS OF ANY PARTIES IN POSSESSION THEREOF, (C) ANY STATE OF FACTS WHICH AN ACCURATE SURVEY OR PHYSICAL INSPECTION MIGHT SHOW, AND (D) VIOLATIONS OF REQUIREMENTS OF LAW WHICH MAY EXIST ON THE DATE HEREOF OR ON THE ACQUISITION DATE. THE LESSOR HAS NOT MADE AND SHALL NOT BE DEEMED TO HAVE MADE ANY REPRESENTATION, WARRANTY OR COVENANT (EXPRESS OR IMPLIED) AND SHALL NOT BE DEEMED TO HAVE ANY LIABILITY WHATSOEVER AS TO THE TITLE (OTHER THAN FOR LESSOR LIENS), VALUE, HABITABILITY, USE, CONDITION, DESIGN, OPERATION, OR FITNESS FOR USE OF THE PROPERTY (OR ANY PART THEREOF), OR ANY OTHER REPRESENTATION, WARRANTY OR COVENANT WHATSOEVER, EXPRESS OR IMPLIED, WITH RESPECT TO THE PROPERTY (OR ANY PART THEREOF) AND THE LESSOR SHALL NOT BE LIABLE FOR ANY LATENT, HIDDEN, OR PATENT DEFECT THEREIN (OTHER THAN FOR LESSOR LIENS) OR THE FAILURE OF THE PROPERTY, OR ANY PART THEREOF, TO COMPLY WITH ANY REQUIREMENT OF LAW.

  • Modification of the Small Generating Facility The Interconnection Customer must receive written authorization from the NYISO and Connecting Transmission Owner before making any change to the Small Generating Facility that may have a material impact on the safety or reliability of the New York State Transmission System or the Distribution System. Such authorization shall not be unreasonably withheld. Modifications shall be done in accordance with Good Utility Practice. If the Interconnection Customer makes such modification without the prior written authorization of the NYISO and Connecting Transmission Owner, the Connecting Transmission Owner shall have the right to temporarily disconnect the Small Generating Facility. If disconnected, the Small Generating Facility will not be reconnected until the unauthorized modifications are authorized or removed.

  • Acquisition of Property The Contractor shall document that all property was acquired consistent with its engineering, production planning, and property control operations.

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