Common use of Possession of Real Property Clause in Contracts

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.

Appears in 5 contracts

Sources: Purchase and Sale Agreement, Purchase and Sale Agreement, Purchase and Sale Agreement