Real Property Transfer a. Within 90 days of the execution of this agreement by the parties, the County shall transfer to the City title to certain real property the County currently owns located generally along the south side of Imperial Highway east of Valencia Ave. and comprising of approximately 1.5 acres in total area. (See Exhibit B attached) The City's intent is to complete a beautification project on this property, at the City's sole expense, to complement improvements planned for the north side of Imperial Highway. Any normal processing costs, transfer fees or other charges associated with the transfer of title to real property shall be the responsibility of the County excluding title reports, insurance certificates, hazardous materials studies or any other special reports requested by the City, which shall be the responsibility of City. The County's cost shall be limited to the costs of County staff time and overhead involved in preparing the documents and the legal descriptions of the property as well as any costs and fees associated with the recording of the deeds.
Real Property Transfer. On the Closing Date, Sellers shall deliver to Buyer warranty deeds conveying to Buyer good, marketable, and insurable title to the Real Property, subject only to the Permitted Exceptions. Seller shall pay the Wisconsin Real Estate Transfer fee owing in connection with the Real Property. On or before the Closing Date, Seller shall provide at Seller's cost an owner's policy of title insurance issued by First American Title Insurance Company (the "Title Company") subject only to the Permitted Exceptions. Seller agrees to execute such customary documents, certificates, and/or affidavits as required by the Title Company to allow the Title Company to issue the title policy contemplated herein.
Real Property Transfer. Prior to the Closing, Company may repay to Monroe Bank and Trust (the “Real Property Lender”) the amounts outstanding under the Commercial Promissory Note dated November 6, 2008 issued by the Company and Real Property Lender which is secured by the real property located at 0000 X. Xxxx Road, Monroe, Michigan (the “Monroe Property”) in an amount not to exceed $138,000 only if, upon such repayment all liens are removed from the Monroe Property. Upon Parent’s receipt of: (i) confirmation that such loan has been repaid in full and all liens are removed from the Monroe Property and (ii) documentary evidence that Company has all requisite manager and Company Equity Holder approval, as required under the Operating Agreement and applicable law, Company shall assign the Monroe Property to PEI Inc..
Real Property Transfer. During the Interim Period, Sellers and the El Salvador Acquired Companies Country Segment shall be permitted to undertake the plan set forth in Schedule 5.13 of the Seller Disclosure Schedules and any ancillary actions as may be necessary or advisable to effect the purpose of such plan, other than such action as would reasonably be expected to have, individually or in the aggregate, a material and adverse effect on an Acquired Company. If the plan set forth in Schedule 5.13 has not been completed prior to the Closing, Purchasers shall use Reasonable Best Efforts to cause such plan to be fully executed as soon as reasonably practicable following the Closing.
Real Property Transfer. At or immediately following the Closing, Seller shall take all steps required to be taken by a transferor of freehold land to transfer the Owned Real Property to Buyer and Buyer will take all steps required to be taken by a transferee of freehold land to take a transfer of the Owned Real Property from Seller (to the extent such steps have not been taken prior to Closing).
Real Property Transfer. Borrowers currently own the Mortgaged Property which Borrowers intend to sell and convey (the “Real Property Transfer”) to a third-party transferee (the “Transferee”) on or before October 31, 2016 (the “Transfer Date”), and upon comsummation and closing of the Real Property Transfer, Bank shall release its liens and mortgages on those certain parcels of real property that are the subject of the Real Property Transfer, subject to Bank’s review and approval of the Real Property Transfer, and provided that the proceeds from such sale are applied to pay the Term Note in full, with the remainder to pay down the outstanding principal balance due under the Line Note. In connection with and prior to the Real Property Transfer, Borrowers intend to enter into certain lease agreements with Transferee (the “Leases”) whereby Borrowers will lease back from Transferee the Mortgaged Property. In the event Borrowers determine or become aware that the Real Property Transfer will not be consummated on or before the Transfer Date, for any reason whatsoever, Borrowers shall deliver written notice to Bank of the same, and the date of such notice shall constitute the Transfer Date hereunder.
Real Property Transfer. The transfer of any and all fee-owned real property shall be subject to the terms and conditions of that certain [Describe Deed] dated the date hereof between the Contributor and the Recipient and if any inconsistency shall exist between this Agreement and that certain [Deed], such [Deed] shall control. The Contributor shall be responsible for the recording of all such deeds and related transfer taxes.]
