Common use of Land Contracts Clause in Contracts

Land Contracts. With respect to any Land Contract which cannot be transferred to Buyer as contemplated by this Agreement, ▇▇▇▇▇▇▇ will pursuant to the direction of Buyer take down lots under such contract on behalf of Buyer and immediately transfer them to Buyer at cost.

Appears in 2 contracts

Sources: Asset Purchase Agreement (Washington Homes Inc), Asset Purchase Agreement (Washington Homes Inc)