Common use of Sale and Purchase of Property Clause in Contracts

Sale and Purchase of Property. 1.1 Seller agrees to sell and convey to Purchaser, and Purchaser agrees to pay the Purchase Price (hereinafter defined) and to purchase and take from Seller, subject to the terms and conditions herein contained: (i) one parcel of real property located at 0000 Xxxxxxxx Xxxxxx North, in the City of New Hope, County of Hennepin, State of Minnesota, legally described on Exhibit A attached hereto and hereby made a part hereof (hereinafter called "Land"); (ii) one office/warehouse building thereon, together with all other buildings and improvements located thereon (hereinafter collectively called "Buildings"); (iii) all appurtenances, hereditaments, privileges and easements belonging to the Land and Buildings; (iv) all fixtures, equipment, furnishings, appliances and other items of tangible and intangible personal property which are owned by Seller, are now or hereafter located in the Buildings or on the Land and are used in connection with the maintenance or operation thereof (the "Personal Property"); (v) all leases, licenses and other occupancy agreements as set forth on the Rent Roll attached as Exhibit C (collectively, the "Leases") covering space situated at or within the Land and Buildings and any claim or right to claim against a tenant or occupant (collectively, the "Tenants") under any Lease and all security deposits paid or deposited by and owed to Tenants under the Leases; (vi) all of Seller's rights in and to contractual rights and intangibles with respect to the operation, maintenance, repair and improvement of the Land and Buildings, including service and maintenance agreements, construction, material and labor contracts, utility agreements and other contractual arrangements, all to the extent designated by the provisions of this Agreement as set forth on the list of contracts attached as Exhibit D (collectively, the "Contracts") and (vii) all governmental permits, licenses, certificates and approvals in connection with the ownership and use of the Property (collectively, the "Licenses") and warranties of any contractor, manufacturer or materialman (all the property in this Section 1.1 being hereinafter all collectively referred to as the "Property").

Sale and Purchase of Property. 1.1 Seller agrees to sell and convey to ----------------------------- Purchaser, and Purchaser agrees to pay the Purchase Price (hereinafter defined) and to purchase and take from Seller, subject to at the terms price and upon the terms, provisions and conditions herein contained: (i) one set forth in this Agreement, that certain tract or parcel of real property land located at 0000 Xxxxxxxx Xxxxxx Northin Xxx County, Ft. Xxxxx, Florida, as more particularly described in the City of New Hope, County of Hennepin, State of Minnesota, legally described on Exhibit A "A" attached hereto and hereby made a part hereof (hereinafter called the "Land"); (ii) one office/warehouse building thereon, together with (i) all other buildings and other improvements located thereon (hereinafter collectively called "Buildings"); (iii) all appurtenances, hereditaments, privileges and easements belonging to situated on ---- the Land and Buildings; (iv) all fixtures, equipment, furnishings, appliances and other items of tangible and intangible personal property which are owned by Seller, are now or hereafter located in the Buildings or on the Land and are used in connection with the maintenance or operation thereof (the "Personal Property"); (v) all leases, licenses and other occupancy agreements as set forth on the Rent Roll attached as Exhibit C (collectively, the "LeasesImprovements"), (ii) covering space situated at or within all oil, gas and mineral ------------ rights of Seller, if any, in and to the Land, (iii) all right, title and interest of Seller in and to all easements, rights of way, reservations, privileges, appurtenances, and other estates pertaining to the Land or the Improvements, (iv) all right, title and Buildings interest of Seller, if any, in and any claim to the fixtures, machinery, equipment. supplies and other articles of personal property attached or right appurtenant to claim against a tenant the Land or occupant the Improvements, (collectively, the "TenantsPersonal -------- Property"), (v) under all right, title and interest of Seller, if any, in and to all -------- intangible assets relating to the Improvements, including, without limitation, any Lease warranties or guaranties relating to the Improvements and all security deposits paid or deposited by and owed to Tenants under the Leases; trade name(s) of the Improvements, (vi) all right, title and interest of Seller's rights , if any, in and to contractual rights all strips and intangibles with respect gores, all alleys adjoining the Land to the operationcenter line thereof, maintenanceand all right, repair title and improvement interest of Seller, if any, in and to any award made or to be made in lieu thereof and in and to any unpaid award for any taking by condemnation or any damages to the Land and Buildingsor the Improvements by reason of a change of grade of any street, including service and maintenance agreementsroad or avenue, construction, material and labor contracts, utility agreements and other contractual arrangements, all to the extent designated by the provisions of this Agreement as set forth on the list of contracts attached as Exhibit D (collectively, the "Contracts") and (vii) all governmental permitsright, licensestitle and interest of Seller in and to the Lease (the Land, certificates the Improvements and approvals in connection with the ownership and use all of the Property foregoing items listed in clauses (collectively, the "Licenses"i)-(vii) and warranties of any contractor, manufacturer or materialman (all the property in this Section 1.1 above being hereinafter all sometimes collectively referred to as the "PropertyPremises"). Anything contained in -------- this Paragraph 3 to the contrary notwithstanding and provided that Purchaser enters into a separate Development Agreement with The Xxxxx Group on or before the end of the Inspection Period, wherein The Xxxxx Group shall construct the building pursuant to terms and conditions satisfactory to Purchaser and The Xxxxx Group. Seller is also selling or conveying to Purchaser, and Purchaser is also purchasing or receiving from Seller, Seller's right, title and interest in and to (A) that certain Short Form Option Agreement dated July 31, 1997 and recorded in O.R. Book 2851, Page 3789 of the Public Records of Xxx County, Florida ("Option on Option Property 1"); (B) that certain Short Form Option --------------------------- Agreement dated July 31, 1997 and recorded in O.R. Book 2851, Page 3795 of the Public Records of Xxx County, Florida ("Option on Option Property 2"); and (C) --------------------------- the real property identified in the Option on Option Property 1, and the Option on Option Property 2.

Sale and Purchase of Property. 1.1 Seller agrees to sell and convey to Purchaser, and Purchaser agrees to pay the Purchase Price (hereinafter defined) and to purchase and take from Seller, subject to at the terms price and upon the terms, provisions and conditions herein contained: (i) one parcel set forth in this Agreement all those certain plots, pieces and parcels of real property land located at 0000 Xxxxxxxx Xxxxxx Northin Jacksonville, Florida, as more particularly described in the City of New Hope, County of Hennepin, State of Minnesota, legally described on Exhibit A attached hereto and hereby made a part hereof (hereinafter called the "Land"); (ii) one office/warehouse building thereon, together with (i) all other buildings and other improvements located thereon situated on the Land (hereinafter collectively called collectively, the "Buildings"); , (ii) all right, title and interest of Seller in and to all easements, rights of way, reservations, privileges, appurtenances, and other estates pertaining to the Land and the Buildings, (iii) all appurtenancesright, hereditamentstitle and interest of Seller, privileges if any, in and easements belonging to the fixtures, machinery, equipment, supplies and other articles of personal property attached or appurtenant to the Land and or the Buildings; , (iv) all fixturescollectively, equipment, furnishings, appliances and other items of tangible and intangible personal property which are owned by Seller, are now or hereafter located in the Buildings or on the Land and are used in connection with the maintenance or operation thereof (the "Personal Property"); , (iv) all oil, gas and mineral rights of Seller, if any, in and to the Land, (v) all leasesright, licenses title and other occupancy agreements as set forth on interest of Seller, if any, in and to the Rent Roll attached as Exhibit C (collectivelytrade name(s) of the Buildings, the "Leases") covering space situated at or within the Land and Buildings and any claim or right to claim against a tenant or occupant (collectively, the "Tenants") under any Lease and all security deposits paid or deposited by and owed to Tenants under the Leases; (vi) all right, title and interest of Seller's rights , if any, in and to contractual rights all strips and intangibles with respect gores, all alleys adjoining the Land to the operationcenter line thereof, maintenanceand all right, repair title and improvement interest of Seller, if any, in and to any award made or to be made in lieu thereof and in and to any unpaid award for any taking by condemnation or any damages to the Land and Buildingsor the Buildings by reason of a change of grade of any street, including service and maintenance agreements, construction, material and labor contracts, utility agreements and other contractual arrangements, all to the extent designated by the provisions of this Agreement as set forth on the list of contracts attached as Exhibit D (collectively, the "Contracts") road or avenue and (vii) all governmental permitsright, licensestitle and interest of Seller, certificates if any, in and approvals in connection with to the ownership Leases (the Land, the Buildings and use all of the Property foregoing items listed in clauses (collectively, the "Licenses"i) and warranties of any contractor, manufacturer or materialman - (all the property in this Section 1.1 vii) above being hereinafter all sometimes collectively referred to as the "PropertyPremises").

Sale and Purchase of Property. 1.1 Seller agrees to sell and convey to Purchaser, and Purchaser agrees to pay the Purchase Price (hereinafter defined) and to purchase and take from Seller, subject to the terms and conditions herein contained: (i) one parcel three parcels of real property located at 0000 Xxxxxxxx Xxxxxx North00000 Xxxxxxxxxx Xxxxxxxxx; 00000 Xxxxxxxxxx Xxxxxxxxxx Xxxxxxxxx and 00000 Xxxxxxxxxx Xxxxxxxxxx Xxxxxxxxx, in the City of New HopeMinnetonka, County of Hennepin, State of Minnesota, legally described on Exhibit A attached hereto and hereby made a part hereof (hereinafter called "Land"); (ii) one three office/warehouse building buildings thereon, together with all other buildings and improvements located thereon (hereinafter collectively called "Buildings"); (iii) all appurtenances, hereditaments, privileges and easements belonging to the Land and Buildings; (iv) all fixtures, equipment, furnishings, appliances and other items of tangible and intangible personal property which are owned by Seller, are now or hereafter located in the Buildings or on the Land and are used in connection with the maintenance or operation thereof (the "Personal Property"); (v) all leases, licenses and other occupancy agreements as set forth on the Rent Roll attached as Exhibit C (collectively, the "Leases") covering space situated at or within the Land and Buildings and any claim or right to claim against a tenant or occupant (collectively, the "Tenants") under any Lease and all security deposits paid or deposited by and owed to Tenants under the Leases; (vi) all of Seller's rights in and to contractual rights and intangibles with respect to the operation, maintenance, repair and improvement of the Land and Buildings, including service and maintenance agreements, construction, material and labor contracts, utility agreements and other contractual arrangements, all to the extent designated by the provisions of this Agreement as set forth on the list of contracts attached as Exhibit D (collectively, the "Contracts") and (vii) all governmental permits, licenses, certificates and approvals in connection with the ownership and use of the Property (collectively, the "Licenses") and warranties of any contractor, manufacturer or materialman (all the property in this Section 1.1 being hereinafter all collectively referred to as the "Property").

Sale and Purchase of Property. 1.1 Upon transfer of all of Seller’s right title and interest in the Properties to SPE, Seller agrees will sell to sell Buyer and convey to Purchaser, and Purchaser agrees to pay the Purchase Price (hereinafter defined) and to Buyer will purchase and take from Seller, subject to upon the terms and conditions herein containedhereinafter set forth, all of Seller’s right, title and interest in and to the SPE. The term “Property” as used in this Agreement shall mean the following: (ia) one parcel the Land; (b) all right, title and interest of real property located at 0000 Xxxxxxxx Xxxxxx Northeach Seller in and to any buildings or other improvements situate on its Land (the “Improvements”), except as set forth in Article 19 below; (c) all right, title and interest of each Seller in and to all easements, rights of way, development rights, riparian rights, privileges, appurtenances and other rights pertaining to its Land and the Improvements; (d) all right, title and interest of each Seller, if any, in the City of New Hopeand to fixtures, County of Hennepin, State of Minnesota, legally described on Exhibit A attached hereto and hereby made a part hereof (hereinafter called "Land"); (ii) one office/warehouse building thereon, together with all other buildings and improvements located thereon (hereinafter collectively called "Buildings"); (iii) all appurtenances, hereditaments, privileges and easements belonging to the Land and Buildings; (iv) all fixturesmachinery, equipment, furnishings, appliances and other items articles of tangible and intangible personal property which are owned by Seller, are now or hereafter located and improvements in the Buildings nature of personal property attached or appurtenant to, or located on the Land and are or used in connection with the maintenance use or operation thereof of its Land or the Improvements (the "“Personal Property"”); (v) all leases, licenses and other occupancy agreements except as set forth in Article 19 below; (e) each Seller’s interest as landlord under the leases, and any other agreements to occupy all or a portion of its Property, which are listed on the Rent Roll Exhibits “C-1” through “C-3”, attached as Exhibit C hereto (collectively, the "“Leases") covering space situated at or within the Land and Buildings and any claim or right to claim against a tenant or occupant (collectively, the "Tenants") under any Lease and all security deposits paid or deposited by and owed to Tenants under the Leases”); (vif) all right, title and interest of each Seller's rights , if any, in and to contractual rights any warranties, guarantees, service contracts and intangibles with respect permits to which each Seller is a party or as to which it has the operationbenefit, maintenancerelating to its Property, repair and improvement of the Land and Buildings, including service and maintenance agreements, construction, material and labor contracts, utility agreements and other contractual arrangements, all to the extent designated by assignable; and (g) an easement to maintain signage at the provisions northeast corner of this Agreement the intersection of Aircenter Drive and Xxxxxxx Road to be transferred at Closing as set forth in Article 20 below. Seller is not transferring to the SPE any rights of ingress and egress to and from the Properties over and across any easement areas on the list adjacent property of contracts attached as Exhibit D (collectively, Seller or on the "Contracts") and (vii) all governmental permits, licenses, certificates and approvals in connection with the ownership and use property of the Property (collectively, Columbus Regional Airport Authority other than the "Licenses") and warranties of any contractor, manufacturer or materialman (all one taxiway adjacent to the property in this Section 1.1 being hereinafter all collectively referred to as the "Property")Trailer Lot.