Possession of Real Property Sample Clauses
The Possession of Real Property clause defines when and under what conditions a party is entitled to take physical control of a property. Typically, this clause specifies the date possession is transferred, any requirements that must be met before possession (such as payment or completion of repairs), and the responsibilities of each party during the transition. Its core function is to clearly establish the moment and terms under which possession changes hands, thereby preventing disputes and ensuring both parties understand their rights and obligations regarding the property.
Possession of Real Property. Possession of the Real Property free of any tenancies or occupancy.
Possession of Real Property. At the Closing Time, the Purchaser shall take possession of the Real Property where situated on an “as-is, where is” basis, including any personal property, goods, chattels or fixtures that may be located at the Real Property at the Closing Time. In no event shall the Real Property be sold, assigned, conveyed or transferred to the Purchaser until all the conditions set out in the Approval and Vesting Order have been satisfied or waived.
Possession of Real Property. The Owners are in full, complete and exclusive possession of the Real Property. To Sellers’ knowledge, there are no real property leases, licenses, tenancy or occupancy arrangements (other than the Space Leases, provision of Hotel rooms and related facilities to Hotel guests in the Ordinary Course of Business or as otherwise disclosed in Exhibit “B”) which relate to the Business, the Hotel or any part of the Real Property. There are no Space Leases affecting all or any portion of the Property except as set forth in Exhibit “B” to this Agreement. True and complete copies of the Space Leases (including all amendments), to the extent in Sellers’ possession or control, have been made available to Purchaser or will be made available to Purchaser no later than five (5) Business Days after the Effective Date. All of the Space Leases described in Exhibit “B” are in full force and effect, and there are no material defaults by any party thereunder except as disclosed in Exhibit “B”. There are no outstanding obligations for commissions, tenant improvements or other tenant concessions with respect to the Space Leases except as disclosed in Exhibit “B”.
Possession of Real Property. As of the Closing, Seller shall deliver possession of the Fee Parcels, GHM Ground Lease Parcel and Improvements to Buyer, subject only to Permitted Title Exceptions, including all keys and entrance cards to all of the entrance doors and all parking passes to the Improvements (not held by the Tenants) and keys to any Tangible Personal Property requiring same, which keys shall be properly tagged for identification.
Possession of Real Property. Possession of the Real Property will be given to Purchaser at the Closing. Purchaser will not acquire any title to the Real Property until possession has been given to it in accordance with this Real Property Agreement, and, accordingly, all risk and loss with respect to the Real Property will be borne by Seller until possession has been given to Purchaser. For purposes of this Real Property Agreement, possession will be deemed to have been given to Purchaser when Seller deliver or causes to be delivered to Purchaser good and sufficient instruments of transfer and conveyance as provided in this Real Property Agreement.
Possession of Real Property. The Company represents that there are no parties in possession of the Real Property other than the Company. The Company shall deliver possession of the Real Property at the Closing Date.
Possession of Real Property. Possession of the Real Property and the Leased Branch in the condition provided for in this Agreement, and keys therefor as well as all vault keys and combinations.