Purchase of City Right of Way Sample Clauses

Purchase of City Right of Way. At any time prior to the earlier of (a) the tenth anniversary of the Effective Date, or (b) the expiration or termination of this Agreement, if Developer shall have acquired title to the portion of the Additional Property located adjacent to those specific portions of the right-of-way and alley depicted on the diagram attached hereto as Exhibit D (the “ROW Parcel” and the “Alley Parcel”), then Developer shall have the option to request that the ROW Parcel and Alley Parcel be abandoned to allow Developer to acquire fee title thereto. To exercise such option, Developer shall give City written notice specifying the desired closing date which shall not be less than ninety (90) days after the date of such notice. Promptly after receipt of the notice from Developer, City shall process the abandonment in accordance with City’s normal and customary procedures (including without limitation Developer’s payment of all requisite fees and relocation of any existing utilities), and City shall process all applications for abandonment, authorizations and ordinances which may be necessary to abandon the alley and any utility easements located therein, in accordance with City’s normal procedures. The purchase price for the ROW Parcel and the Alley Parcel shall be the same as the then-applicable Per Square Foot Price, and shall be due and payable in full at Closing. If Developer exercises the option to acquire the ROW Parcel and/or the Alley Parcel, on the closing date, City shall deliver to Developer a special warranty deed, subject to receipt of the purchase price, and such purchase shall be consummated in general conformance with the balance of this Article III.
View SourceView Similar (2)
Purchase of City Right of Way. At any time prior to the fifth anniversary of the Effective Date, but before any Improvements are constructed by Developer on City right-of-way, Developer shall have the option to acquire fee title to those specific portions of ▇▇▇ ▇▇▇▇▇▇ as depicted on the diagram attached hereto as Exhibit "C" (the "ROW Parcel"), by giving City written notice of exercise specifying the desired closing date which shall not be less than sixty (60) days after the date of such notice. The purchase price for the ROW Parcel shall be $58.22 per square-foot, and shall be due and payable in full at closing. If Developer exercises the option to acquire the ROW Parcel, on the closing date, City shall deliver to Developer a special warranty deed, subject to receipt of the purchase price. If Developer exercises the option to purchase the ROW Parcel, then Developer shall install the Dry Utility Conduit described in Section 3.2.2 below.
View Source

Related to Purchase of City Right of Way

  • Right of Way The Site

  • Sale and Purchase of the Shares On the basis of the representations, warranties and agreements contained in, and subject to the terms and conditions of, this Agreement: (a) The Company agrees to sell to each of the Underwriters, and each of the Underwriters agrees, severally and not jointly, to purchase from the Company, at a price of $_____ per share (the "Initial Price"), the number of Firm Shares set forth opposite the name of such Underwriter under the column "Number of Firm Shares to be Purchased from the Company" on Schedule I to this Agreement, subject to adjustment in accordance with Section 10 hereof. (b) The Company grants to the several Underwriters an option to purchase, severally and not jointly, all or any part of the Option Shares at the Initial Price. The number of Option Shares to be purchased by each Underwriter shall be the same percentage (adjusted by the Representatives to eliminate fractions) of the total number of Option Shares to be purchased by the Underwriters as such Underwriter is purchasing of the Firm Shares. Such option may be exercised only to cover over-allotments in the sales of the Firm Shares by the Underwriters and may be exercised in whole or in part at any time on or before 12:00 noon, New York City time, on the business day before the Firm Shares Closing Date (as defined below), and from time to time thereafter within 30 days after the date of this Agreement, in each case upon written, facsimile or telegraphic notice, or verbal or telephonic notice confirmed by written, facsimile or telegraphic notice, by the Representatives to the Company no later than 12:00 noon, New York City time, on the business day before the Firm Shares Closing Date or at least two business days before the Option Shares Closing Date (as defined below), as the case may be, setting forth the number of Option Shares to be purchased and the time and date (if other than the Firm Shares Closing Date) of such purchase.

  • SALE AND PURCHASE OF THE SALE SHARES 2.1 Subject to and upon the terms and conditions of this Agreement, the Vendor shall sell as beneficial owner and the Purchaser shall purchase the Sale Shares with effect from Completion free from all Encumbrances together with all rights now or hereafter attaching thereto including but not limited to all dividends paid, declared or made in respect thereof on or after the date of Completion.

  • Right of First Refusal and Co-Sale Agreement Each Purchaser and the other stockholders of the Company named as parties thereto shall have executed and delivered the Right of First Refusal and Co-Sale Agreement.

  • Special/ temporary Right of Way The Contractor shall bear all costs and charges for any special or temporary right of way required by it in connection with access to the Site. The Contractor shall obtain at its cost such facilities on or outside the Site as may be required by it for the purposes of the Project Highway and the performance of its obligations under this Agreement.