ACQUISITION OF THE REAL PROPERTY Sample Clauses

ACQUISITION OF THE REAL PROPERTY. The Partnership shall acquire the Real Property pursuant to the Purchase Agreement.
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ACQUISITION OF THE REAL PROPERTY. If Landlord fails to purchase the -------------------------------- Property on or before June 1, 1996, Tenant may cancel this Lease. If Tenant does not deliver written notice to Landlord canceling this Lease, then beginning July 1, 1996, Tenant shall be entitled to an abatement of rent equal to two (2) days for each one (1) day after July 1, 1996 by which Landlord has not purchased the Real Property.
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ACQUISITION OF THE REAL PROPERTY. The sale to Real Property Purchaser by (a) BRC of the Mockingbird Property and (b) Old Spectrum of the San Antonio Property is upon the terms and subject to the conditions of that certain Purchase and Sale Agreement dated as of the date hereof by and among BRC, Old Spectrum and Real Property Purchaser in the form attached to this Agreement as Exhibit A (the "Real Property Purchase Agreement").
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Related to ACQUISITION OF THE REAL PROPERTY

  • Sale of the Property Any sale of the Property shall not affect this Lease or any of your obligations, but upon such sale we will be released from all of our obligations under this Lease and the new owner of the Property will be responsible for the performance of the duties of "Landlord" from and after the date of such sale.

  • Purchase and Sale of the Property Subject to the terms of this Agreement, Seller agrees to sell to Buyer, and Buyer agrees to purchase from Seller, the Property for the Purchase Price.

  • Operation of the Property Between June 1, 1998 and the Closing Date, Seller shall (a) lease, operate, manage and enter into contracts with respect to the Property, in the same manner done by Seller prior to the date hereof (provided, however, that without the prior consent of Purchaser, which as to (i) and (ii) shall not be unreasonably delayed, conditioned or withheld, (i) Seller shall not enter into any Service Contract that cannot be terminated with thirty (30) days notice or materially modify any existing Service Contracts to be assumed by Purchaser at Closing, and (ii) after June 1, 1998, Seller shall not materially modify or terminate any existing Tenant Lease or grant any material consents under any existing Tenant Lease (except as otherwise required pursuant to the terms and conditions of such Tenant Lease), or enter into any new Tenant Lease, and (iii) Seller shall not apply any then unapplied Deposits (as reflected on the Rent Roll delivered by Seller to Purchaser pursuant to Schedule 5.3(vii) hereof) under Tenant Leases); and (b) advise Purchaser of the commencement of any litigation, condemnation or other judicial or administrative proceedings affecting the Property of which Seller has current actual knowledge. Notwithstanding anything to the contrary set forth in this Contract, Purchaser acknowledges that after June 1, 1998 and prior to Closing, Seller will enter into contracts for the completion of Tenant improvements under Tenant Leases entered into after June 1, 1998 pursuant to the terms of Section 12.1 hereof (collectively, the "Tenant Finish Contracts"). Purchaser and Seller agree that at Closing, Purchaser shall assume the obligations of Seller under all such Tenant Finish Contracts including, without limitation, the obligations to pay any costs and expenses charged with respect to construction of improvements in the space subject to such Tenant Leases. At Closing, Purchaser shall execute and deliver to the Seller an Assignment, Assumption and Indemnity Agreement in the form attached hereto as Exhibit H and made a part hereof for all purposes.

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

  • Property Acquisitions System Agency funds must not be used to purchase buildings or real property. Any costs related to the initial acquisition of the buildings or real property are not allowable.