Purchase of Real Property. If permitted by the Award Budget and scope of activities provided in this Agreement, a Grantee may use the Grant Funds during the Award Term for the costs associated with the purchase of real property (as defined by 2 CFR 200.1) either through the use of reimbursement or advanced funds as permitted in Paragraph 2.3 of this Agreement for the following purposes and consistent with the Grantor’s bondability guidelines and 2 CFR 200:
Purchase of Real Property. Either simultaneous with the Closing hereunder or immediately prior to the Closing hereunder, Buyer shall have completed, to Buyer’s satisfaction in its sole discretion, its purchase of the Real Property from Lemont Holdings, LLC.
Purchase of Real Property. Landlord does not yet own the Real Property. Pursuant to that certain Purchase and Sale Agreement and Joint Escrow Instructions, dated June 30, 2004, as amended and as same may be further amended (“Purchase Agreement”), Landlord has agreed to buy the Real Property and Stetman and Xxxxxx Properties has agreed to sell the Real Property to Landlord. Landlord shall use its commercially reasonable efforts to acquire or cause its affiliate to acquire the Real Property in accordance with the Purchase Agreement by January 15, 2005. It is a condition precedent to the effectiveness of the Lease (except for Sections 3.3, 3.4, 7.1, 18.2, 18.6, 18.14 and 18.18 hereof and this Section, which shall be in full force and effect as of the date of the Lease) that Landlord or an affiliate of Landlord shall have acquired the Real Property. If neither Landlord nor Landlord’s affiliate shall have acquired the Real Property by March 15, 2005, then Tenant may and, if such failure to acquire the Real Property is not due to any default or breach by Landlord, Landlord may, terminate this Lease by delivery of written notice to the other party, effective upon such delivery. If an affiliate of Landlord acquires the Real Property, then Landlord shall cause such affiliate to assume all of Landlord’s obligations hereunder before such affiliate acquires the Real Property or any interest therein (other than the right to purchase the Real Property pursuant to the Purchase Agreement). If Landlord or an affiliate of Landlord acquires the Real Property, then:
Purchase of Real Property. Each Advance request to be used for the acquisition of real property (regardless of whether such real property is to be acquired by Borrower or by a Subsidiary of Borrower as permitted hereunder) shall be subject to the following conditions:
Purchase of Real Property. Attach any real estate contract. ITEM COST
Purchase of Real Property. Seller for the consideration and upon and subject to the terms and conditions hereinafter set forth hereby agrees to sell and convey the Real Property to the Purchaser, and Purchaser hereby agrees to purchase the Real Property from Seller. At the Closing, the Seller shall deliver to the Purchaser a General Warranty Deed conveying the Real Property to the Purchaser, free and clear of all liens and encumbrances whatsoever except for the lien, if any, relating to Brunswick County real estate taxes not yet due and payable, and as provided in the Loan Agreement, Promissory Note and Security Agreement of even date herewith. Costs and expenses shall be allocated among Seller and Purchaser in the following manner:
Purchase of Real Property. Borrowers have informed Bank that a Borrower or an Affiliate of a Borrower intends to purchase that certain parcel of real property (the “Real Estate Purchase”) commonly known as 00 Xxxxxx Xxxxx, Xxxxxxxxx, Xxx Xxxxxx (the “Target Real Property”) and Borrowers have requested that Bank consent to the Real Estate Purchase and either consent to financing from a financial institution (“Real Estate Financing”) or otherwise provide the financing in connection therewith upon terms, conditions and documentation acceptable to Bank in its sole discretion. Upon the effectiveness of this Amendment, Bank consents to the Real Estate Purchase so long as the (a) aggregate purchase price does not exceed $2,850,000 and (b) the documents, instruments and agreements evidencing the Real Estate Purchase and the terms and conditions contained therein are acceptable to Bank in its sole discretion. Upon the effectiveness of this Amendment, Bank consents to the Real Estate Financing so long as the (a) aggregate indebtedness incurred with respect thereto does not exceed $1,850,000, (b) the financial institution is acceptable to Bank in its sole discretion, (c) the Real Estate Financing in secured solely by the Target Real Property, (d) the financial institution providing the Real Estate Financing executes and delivers to Bank a Third Party Waiver and (e) the documents, instruments and agreements evidencing the Real Estate Financing and the terms and conditions contained therein are acceptable to Bank in its sole discretion. Borrowers agree to provide Bank final documents evidencing the Real Estate Purchase and Real Estate Financing at least five (5) Business Days prior to the effectiveness of each such transaction.
Purchase of Real Property. (a) The parties agree that, on the Closing Date, the Real Property shall be transferred and conveyed by Seller to the Land Company, by special warranty deed, for a purchase price of $300,000. Accordingly, the purchase price payable for the Shares under the Purchase Agreement shall be reduced from $2,714,310 to $2,414,310. The allocation of the purchase price set forth in Schedule 2.08 to the Purchase Agreement shall be restated as set forth on Schedule 2.08 attached hereto.
Purchase of Real Property. AS A CONDITION TO THE CLOSING of the transaction contemplated under this Agreement, Buyer (or a related entity) agrees to purchase the Business Real Property pursuant to the real estate purchase agreement which is attached hereto as Exhibit "D" and incorporated herein by reference.
Purchase of Real Property. Purchaser or nominee of Purchaser shall have acquired the real property commonly known as 0000 Xxxxxxx Xxxxxxxxxx Xxxx Xxxx, Xxx Xxxx, Xxxxxxxxxx 00000.
