Annexation of the Property Clause Samples

Annexation of the Property. Landowners have filed a petition for annexation to the City of the Subject Properties. The City shall proceed to consider the question of annexing the Subject Properties to the City and do all things necessary or appropriate to cause the Subject Properties to be validly annexed to the City. The Subject Properties shall be annexed in whole. All ordinances, plats, affidavits and other documents necessary to accomplish annexation shall be recorded by City at City’s expense. The new Boundary of the City resulting from such annexation shall extend to the far side of any adjacent highway and shall include all of every highway within the area so annexed.
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Annexation of the Property. The City, after complying with all statutory requirements, will hold the required public hearings and duly consider annexation of the Annexation Property into the City in compliance with the Annexation Laws. The City, if shown to be in its best interest, will adopt an ordinance annexing the Annexation Property into the corporate limits of the City (the “Annexation Ordinance”). Notwithstanding the foregoing, the Owner acknowledges that the City’s approval of City zoning of the Annexation Property (“City Zoning”) will occur after the adoption of the Annexation Ordinance, provided that City agrees to place the City Zoning on the same agenda as the Annexation Ordinance.
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Annexation of the Property. Utah law encourages development to take place within the boundaries of cities and towns when the land to be developed is located within a city’s annexation declaration area. The Properties are located within the “General Plan annexation area boundary description” identified in the Moab Municipal Code 1.32.030 of the City’s declaration area. See Exhibit B.
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Annexation of the Property. As soon as practicable after receipt of the Petition, the City shall take any and all reasonable steps and use its best efforts, in accordance with applicable law, to annex the Property. The City further agrees to use the City's best efforts to annex the portion of County Highway 43 north of the existing limits or boundaries of the City and such other property necessary to provide public access to the Project on streets or roads governed by the City. At all times during the pendency of such annexation proceedings, AmerenUE shall cooperate with the City to effect the annexation of the Property within the territorial jurisdiction of the City and shall forbear any actions, public statements, or public communications inconsistent with the objectives of this ARTICLE III.
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Annexation of the Property. On or after the Effective Date of this agreement, all or part of the Property shall, upon proper petition(s) to and with the approval of the Licking County Board of Commissioners (the "Commissioners"), and the Township Trustees, and acceptance of the annexation by the Village, be annexed to and accepted by the Village and shall be subject to all other conditions and limitations in this Agreement.
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Annexation of the Property 
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Related to Annexation of the Property

  • Condition of the Property All bidders shall be deemed to have carried out all investigations and examinations of the Property and the title particulars at their own costs and expenses and upon being successful, accept the property in the state and condition in which the Property is at the date of the auction sale.

  • 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.

  • 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. 13.2 All intended bidders including the Purchaser shall be deemed to have sought independent legal advice, made necessary enquiries, searches and inspection of the Property and is satisfied with the identity, description, state and condition of the Property. 13.3 In the event of any error, misstatement, omission and/or misdescription of any kind relating to the Property in the Proclamation of Sale or any other documents, such error, misstatement, omission and/or misdescription shall not in any manner annul the sale, nor shall there be any adjustment of the Purchase Price nor shall compensation be allowed nor shall the Bank be open to any liability of any form. 13.4 If the land or floor area of the property is found to exceed that as described and additional payment is imposed for the excess area by the Developer and/or relevant authorities, then such additional payment shall be solely and absolutely borne and paid by the Purchaser 13.5 If the land or floor area of the property is found to be less that as described, any claim for the reduced area shall be undertaken solely by the Purchaser against the Developer and/or such party and neither the Assignee/ Bank , the Assignee/ Bank’s solicitors nor the Auctioneer shall in any way responsible or liable for such claim. The auction sale herein shall not be annulled and there shall not be any adjustment of the Purchase Price as a result of such shortfall in the area of the Property.

  • 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