Common use of No Commitments Clause in Contracts

No Commitments. Seller has made no commitment to any person or entity relating to the Property which would impose an obligation upon Seller or its successors to make any contributions or dedications of money or land, or to construct, install or maintain any improvements as part of the Property or upon separate lands.

Appears in 3 contracts

Sources: Purchase and Sale Agreement (BayFirst Financial Corp.), Purchase and Sale Agreement (First Northwest Bancorp), Purchase and Sale Agreement (Finward Bancorp)

No Commitments. Seller has made no commitment to any person or entity relating to the Property which would impose an obligation upon Seller or its successors to make any contributions or dedications of money or land, or to construct, install or maintain any improvements as part of the Property or upon separate lands. To Seller’s knowledge, and except as may be set forth in the Title Commitment for the applicable Property, the Property is not subject to or affected by any special assessment for public improvements or otherwise, whether or not presently a lien on the applicable Property.

Appears in 2 contracts

Sources: Purchase and Sale Agreement (Plumas Bancorp), Purchase and Sale Agreement (Plumas Bancorp)

No Commitments. Seller has made no commitment to any tenant, governmental or quasi-governmental entity or other person or entity relating with any respect to the Property which would impose an obligation or imposes upon Seller or its the successors or assigns of Seller any obligation to make any contributions pay or dedications of contribute property or money or land, or to construct, install or maintain any improvements on or off the Property, except as part of set forth in the Property or upon separate landsLeases.

Appears in 1 contract

Sources: Purchase and Sale Agreement (TNP Strategic Retail Trust, Inc.)

No Commitments. Seller has made no commitment commitments to any person governmental authority, utility company, school board or entity church, civic organization, or to any religious body, or any other organization, group or individual relating to the Property Property, which would impose an obligation upon Seller Purchaser or its successors or assigns to make any contributions contribution or dedications of money or land, or land to construct, install or maintain any improvements as part of a public or private nature on or off any of the Property or upon separate landsProperty.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Cirrus Logic Inc)