Common use of Real Property Transfers Clause in Contracts

Real Property Transfers. Upon the terms and subject to the conditions of this Agreement, an Acquiring Party may purchase from a Selling Party, and the Selling Party may sell to the Acquiring party, real property or interests in real property; provided, however, that the value of the real property or interests in the real property proposed to be transferred (as such value is determined in accordance with Section 5.1(a)) shall not exceed $300,000(amendment 1) without approval of the specific agreement by the ICC.

Appears in 1 contract

Sources: Affiliated Interest Agreement (Exelon Corp)

Real Property Transfers. Upon the terms and subject to the conditions of this Agreement, an Acquiring Party may purchase from a Selling Party, and the Selling Party may sell to the Acquiring partyParty, real property or interests in real property; provided, however, that the value of the real property or interests in the real property proposed to be transferred (as such value is determined in accordance with Section 5.1(a)) shall not exceed $300,000(amendment 1) 5,000,000 without approval of the specific agreement by the ICC.

Appears in 1 contract

Sources: Services and Facilities Agreement (Ameren Corp)

Real Property Transfers. Upon the terms and subject to the conditions of this Agreement, an Acquiring Party may purchase from a Selling Party, and the Selling Party may sell to the Acquiring party, real property or interests in real property; provided, however, that the value of the real property or interests in the real property proposed to be transferred (as such value is determined in accordance with Section 5.1(a)) shall not exceed $300,000(amendment 1) 300,000/(AMENDMENT 1)/ without approval of the specific agreement by the ICC.

Appears in 1 contract

Sources: Affiliated Interests Agreement (Exelon Corp)